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Rio Tinto commits to big Citadel spend

Shares in ASX-listed Antipa Minerals rose this morning after Rio Tinto committed to spend A$9.2 million on exploration at the Citadel project in Western Australia’s Paterson Province.

Rio Tinto commits to big Citadel spend Rio Tinto commits to big Citadel spend Rio Tinto commits to big Citadel spend Rio Tinto commits to big Citadel spend Rio Tinto commits to big Citadel spend

Drilling in the Paterson Province, Western Australia

In January, Rio earned 51% of the project after spending $11 million on exploration ahead of schedule.

The company can move to 65% in the new three years by spending an additional $14 million.