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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.

Broadway options Madison to Rio Tinto affiliate Broadway options Madison to Rio Tinto affiliate Broadway options Madison to Rio Tinto affiliate Broadway options Madison to Rio Tinto affiliate Broadway options Madison to Rio Tinto affiliate

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.