New JV and farm-in signed between Agrimins (ASX:AMN) Tali Resources and Rio Tinto (ASX:RIO) - Sequoia Direct

14MarMarch 14, 2021

New JV and farm-in signed between Agrimins (ASX:AMN) Tali Resources and Rio Tinto (ASX:RIO)

[videojs_hls url=’//du7x25at22z7c.cloudfront.net/328094/index_HLSv3.m3u8′ poster=’http://www.finnewsnetwork.com.au/newssystem/2021/Headlines04_360_210312.jpg’]

A farm-in and joint venture agreement has been signed between Tali Resources and Rio Tinto (ASX:RIO).

Tali is a private company which is 40 per cent owned by ASX listed Agrimin (ASX:AMN).

It is focused on exploring for precious and base metal deposits in the West Arunta and Madura regions of Western Australia.

The area is prospective for iron oxide copper-gold mineralisation.

Under the deal, Rio Tinto can earn a joint venture interest of up to 75 per cent in five tenements held by Tali, by providing staged funding for exploration.

Shares in Rio Tinto (ASX:RIO) are trading 1.23 per cent higher at $117.12.

Copyright 2021 – Finance News Network

Source: Finance News Network

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