Australian explorer Twenty Seven has attracted global major Rio Tinto as partner in a $A5M search for non-gold minerals at its 100%-owned North Rover project in an area of exploration resurgence, in WA’s central Yilgarn region.
Rio Tinto Exploration can earn an 80% JV interest in the non-gold rights by sole-funding work in the historically under-explored area while TSC continues drill target definition work for gold.
CEO Simon Phillips says TSC’s ability to attract a miner such as Rio Tinto demonstrates the underlying potential of its tenements.