Ann: RIU Explorers Conference Presentation, page-2

Got a mention in the stock head newsletter again based on the RIO Winu find apparently being massive and to be announced soon?

Keeping up with the kopper majors

Independence struck a deal with Encounter Resources (ASX:ENR, trading at 5.8c) on its Yeneena copper-cobalt project. Under the deal, Independence could spend up to $15 million to earn a 70% interest in Yeneena.

OZ’s deal in the Paterson was with Red Metal (ASX:RDM, trading at 11.5c). It was part of a broader deal on six Red Metal projects across the country. But it was the Yarrie project in the Paterson which had the biggest minimum spend commitment from OZ of $2.5m over two years.

Two long-term explorers in the Paterson, Antipa Minerals (ASX:AZY, trading at 2.4c) and Sipa Resources (ASX:SRI, 0.8c) are planning an active year on the ground at their existing project areas near Winu, and at newly generated targets using the same geophysical method as Rio is believed to have used.

Other players in the region Metalicity (ASX:MCT, 1.2c) and Carawine (ASX:CWX, 14.5c) will also be active.

There are lots of other juniors who have taken up ground in the Paterson. Expect to hear more from them on Winu being confirmed.