Red Metal Ltd
OZ Minerals and Red Metal team up in hunt for greenfield discoveries
Copper major OZ Minerals (ASX: OZL) has signed an agreement with exploration junior Red Metal (ASX: RDM) which will see the pair fast-track the search for greenfield discoveries. Under the alliance, OZ Minerals will have a two-year option to fund a series of mutually agreed, proof-of-concept work programs on six of Red Metal’s early-stage base […]
BHP pulls ahead of rival Rio Tinto with a major copper find near Olympic Dam
The copper race is on between long-time rivals BHP (ASX: BHP) and Rio Tinto (ASX: RIO), with BHP announcing it had pulled out of the ground what some experts call the thickest high-grade copper intersection seen in many years near its Olympic Dam mine in South Australia. The mining giant reported a whopping mineralised intersection of 425.7m comprising […]
Rio Tinto copper find rumours spread as mining giant backs share price with $2.8b off-market buy-back
It’s been 12 months since rumours began swirling over Rio Tinto’s (ASX: RIO) alleged copper discovery in Western Australia’s Pilbara, with recent satellite images revealing a hub of activity at the site and sparking a land grab in the area. Images have surfaced of a camp set up in the region’s Paterson Province, along with […]