Rio Tinto has signed a binding farm-in and joint venture agreement with LCL Resources to acquire up to an 80% interest in the Liamu copper-gold project in Papua New Guinea, its second such deal with LCL after the Ono project in March 2026. Rio Tinto can earn an initial 51% by funding at least A$6m ($4.2m) of exploration, including a minimum of 3,000m of drilling, over five years. To lift its stake to 80%, it must fund an additional A$40m of exploration, or define a JORC-compliant resource of at least 1mt of copper or copper equivalent and complete a scoping study. Initial work will target anomalous undrilled areas around the Dada discovery, while Ubei will be reviewed within the first 12 months, after earlier rock chip samples returned up to 367.7g/t gold and 4.29% copper. LCL Resources will operate during the farm-in period and receive a management fee of up to 10% of exploration spending.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Rio Tinto, LCL agree farm-in on PNG’s Liamu copper-gold project
Read the original on Yahoo Finance ↗
Keywords
Rio Tintomininggoldcommodities
Open a keyword to see other news on the same topic.
Related tickers and likely impact
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Kodal Minerals And 2 Other British Lithium Stocks
This Simply Wall St article profiles three London-listed lithium stocks. Kodal Minerals is an explorer focused on the Bougouni Lithium Project in southern Mali, with a market cap of £61.1 million, and its hard rock spodumene output has contributed to a profitable year. Rio Tinto is a diversified miner with revenue of US$29.5b from iron ore, US$19.0b from aluminium and lithium, and US$16.1b from copper, and a market cap of £118.4b; lithium is one part of a larger portfolio that includes Greenbushes and Wodgina. Savannah Resources is developing the 100% owned Barroso hard rock lithium project in northern Portugal, recording about £1.7 million from Portugal Lithium and £1.1 million from HQ and other activities, with a market cap of £149.9 million, and the project is still in permitting, funding and early works. Much of the article is promotional, directing readers to a stock screener.
- Should you buy shares in Rio Tinto ?
- Empire Metals, Central Asian Metals, Atlantic Lithium, S&U, Pantheon International
Empire Metals will start pilot-scale testing at its Pitfield titanium project in Western Australia within weeks, working toward a scoping study in the first quarter of 2027. Central Asia Metals completed its all-share acquisition of Cygnus Metals, adding the Chibougamau copper-gold project in Québec to its portfolio. Atlantic Lithium has set its first court hearing for November 5 on Huayou's proposed $210 million takeover, which has now secured Australian foreign investment approval. S&U has secured two new securitisation facilities worth up to £600 million. Pantheon International said its net asset value per share rose 2.2% in September to 546.3p and that it spent £36.1 million on share buybacks.
- UAMY Stock Rises Overnight As United States Antimony Sees $314M Worth Gold-Antimony Prospects In Alaska
United States Antimony (UAMY) shares rose more than 2% overnight after a new technical assessment valued the measured and indicated resources at its Nolan Creek gold-antimony property in Alaska at over $314 million, with inferred resources worth over $125 million. The estimates use gold at $4,000 per ounce and antimony at $8.30 per pound; within the measured and indicated category, antimony accounts for $233.9 million and gold for $79.9 million. The company bought the Bureau of Land Management claims at a public trustee sale on Jan. 30 and is extracting an exploratory bulk sample of about 1,000 tons underground, with possible production in 2027. CEO Gary C. Evans said the ore will be moved to the company's Radersburg, Montana, flotation mill ahead of sales in November and December. On Stocktwits, retail sentiment stayed bearish, and the stock is down 43% year to date.
- FireFly makes another significant high-grade copper-gold VMS discovery
FireFly Metals (ASX, TSX: FFM) reported a new copper-gold VMS system at the Mount Joy prospect within its Green Bay project in Newfoundland, Canada, near the historic Tilt Cove district. Hole FFR26-071 intersected 22.5m at 2.5% CuEq from 109m, including 9.0m at 3.9% CuEq, while follow-up hole FFR26-076 hit about 40m of semi-massive sulphides, with assays pending. Mount Joy lies about 35km from the Ming Mine and 2.6km from the Nugget Pond mill, which is on care and maintenance. The company plans an updated Mineral Resource Estimate and Feasibility Study next quarter, ahead of a Final Investment Decision expected in mid-2027, and had about A$368 million in cash and liquid investments as at 31 July 2026 (unaudited).
- United States Antimony Announces Completion of New Technical Report on Nolan Creek, Alaska Gold/Antimony Deposit
United States Antimony (NYSE: UAMY) has completed a new technical report under SEC S-K 1300 defining gold-antimony resources at its 100%-owned Nolan Creek property in northern Alaska, to be filed with the SEC on Form 8-K. Measured and Indicated resources are valued at over $314 million and Inferred resources at over $125 million, using a $4,000/oz gold price and $8.30/lb antimony price, before mining, transport and processing costs. The company acquired the claims through a Trustee's Sale on January 30, 2026, and began mining an exploration bulk sample of about 1,000 tons this month. It aims to show in the first half of 2027 that the site can fully meet feed capacity for its Radersburg, Montana mill.
Related markets
Latest news
- Boeing is set to report earnings before the bell. Here's what Wall Street expects
Boeing will report quarterly results before the market opens Tuesday, with investors focused on how quickly it can increase aircraft production, especially the 737 Max. Consensus estimates from LSEG point to a smaller loss than the $5.34 billion net loss in the same period of 2025, with a loss of 21 cents per share and revenue of $23.84 billion expected. Boeing currently produces about 47 737 Max planes a month and aims for more, but CEO Kelly Ortberg said stabilizing output is taking longer than expected, with an increase planned for next year. The FAA recently approved the 737 Max 10, the largest model in the Max family, following the 737 Max 7 approval in August.
- Galloper Gold Intersects Occurrences of Visible Gold
Galloper Gold (CSE: BOOM) reports that drill hole LPSE-26-02 on Glover Island, part of its phase one program, intersected visible gold at 127.8 m in mineralized mafic breccia. The hole was drilled to 200 m and extended the LPSE zones about 70 metres deeper than previously outlined, with sulphide contents of up to 10%. Samples have been sent to Eastern Analytical Laboratories for assay. The company also completed phase one drilling, totalling 8 holes and 1332 meters, and CEO Hratch Jabrayan said the result supports the company's geological model while assay results are still pending.
- Wall Street Has a New Blockbuster Stock Split Coming in 2027 -- It's an Artificial Intelligence (AI) Stock That's Up 1,615% in 14 Years
Meta Platforms (META) said it will carry out a 2-for-1 stock split on January 19, 2027 and create a non-voting Class C common stock, which would help co-founder and CEO Mark Zuckerberg keep his voting control, currently more than 60%. The securities filing says that if he sold some Class B shares to cover a possible tax under California's Proposition 40, a one-time 5% wealth tax on residents with a net worth above $1 billion, his voting control could fall to roughly 53%. Meta also said the Class C shares could help fund its growth without diluting Zuckerberg's voting power, as it plans $135 billion to $145 billion of AI capex this year and reported negative free cash flow in the third quarter. A JPMorgan analyst wrote that Meta should raise capital sooner rather than later to remove an overhang on the stock.
- C3 Metals Intersects 101.9 Metres at 0.38% and 70.9 Metres at 0.62% Copper Equivalent at its Khaleesi Project, Peru - Mineralization Extended East
C3 Metals (TSXV: CCCM) reported results from two more holes at its 100%-owned Khaleesi copper project in southern Peru, extending mineralization 200 metres east. Hole KHZ5960-004 intersected 101.9 metres of near-surface mineralized gabbroic diorite grading 0.31% copper (0.38% CuEq), followed by 70.9 metres of magnetite, pyroxene and garnet skarn at 376.6 metres depth grading 0.53% copper (0.62% CuEq). Hole KHZ5960-005 returned 81.3 metres grading 0.27% copper (0.33% CuEq) near surface. Mineralization remains open in multiple directions, and a 3DIP survey is currently underway.
- Anthropic's S-1 is out. Is it actually making money?
Anthropic has filed its S-1 ahead of what could be the biggest IPO in history, with a headline loss of $80.7 billion. The host, Ejaaz Ahamadeen, walks through the filing, including revenue of $16.3 billion in the first half of 2026 and $132 billion in cash. He also explains why most of the loss is not cash going out the door.
- Stereolabs Launches ZED Box 2 Series for Physical AI and Vision in Production Robots
Stereolabs, an Ouster, Inc. company, has launched the ZED Box 2 Series, industrial edge AI computers for autonomous mobile robots (AMRs), robot vision and spatial AI systems. The series supports up to eight synchronized GMSL2 cameras for 360° perception, and the ZED Box 2 Max, powered by NVIDIA Jetson Thor, offers up to 2,070 FP4 TFLOPS and 128 GB of memory to run generative AI models directly on the robot. The ZED Box 2 uses an NVIDIA Jetson Orin NX 16GB with up to 157 TOPS in a fanless enclosure only 55 mm tall, while the ZED Box 2 Max adds 10 GbE and extra control I/O. Both models are designed to operate in temperatures from -20°C to +50°C and ship in ready-to-deploy kits with cameras, cables and mounts.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.