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Broadway options Madison to Rio Tinto affiliate

Kennecott Exploration, part of Rio Tinto, has signed an option agreement on Canadian project developer Broadway Gold Mining’s Madison copper-gold project, in Montana.

Staff Reporter
Broadway Gold Mining has optioned up to 70% of the Montana-based Madison project to an affiliate of Rio Tinto

Broadway Gold Mining has optioned up to 70% of the Montana-based Madison project to an affiliate of Rio Tinto

Under the terms of the earn-in agreement, Kennecott can acquire a 55% stake in the property by spending US$5 million on exploration within five years, including a minimum $1 million in the first year....

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