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Multicommodity potential in Paterson region after maiden Winu copper resource

Spglobal - Experts said the maiden resource estimate for Rio Tinto's Tier 1 Winu copper-gold discovery confirms the rationale for the iron ore major's consolidation of Western Australia's Paterson region. Other companies such as Newcrest Mining Ltd. and IGO Ltd. are also on the hunt and consolidating in the area, which could throw up additional commodities.

Rio Tinto unveiled the maiden resource of 503 million tonnes grading 0.45% copper equivalent at a 0.2% copper equivalent cutoff July 27, along with the discovery of gold-dominant mineralization 2 kilometers east at the Ngapakarra prospect.

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