Rio2 Announces Receipt of US$50 Million From Wheaton Precious Metals

Core Viewpoint - Rio2 Limited has received a final deposit of US$50 million from Wheaton Precious Metals International Ltd. to advance the Fenix Gold Project in Chile, which is a significant step in the project's development [1] Group 1: Fenix Gold Project Overview - The Fenix Gold Project is one of the largest undeveloped gold oxide heap leach projects in the Americas, with a Measured and Indicated mineral resource of 4.8 million ounces of gold [2] - The project represents an investment of approximately US$235 million in initial and sustaining capital, creating employment for at least 1,200 people during construction and 550 during the 17-year operational phase [2] - The mine will utilize a run-of-mine heap leach operation, minimizing environmental impact by eliminating the need for crushing or tailings storage facilities [2] Group 2: Company Profile - Rio2 is focused on developing and operating mining projects with a commitment to high environmental standards and responsible development [4] - The company aims to bring the Fenix Gold Project to production in the shortest possible timeframe through a staged development strategy [4] - Rio2 and its subsidiary, Fenix Gold Limitada, emphasize the importance of social, environmental, and economic considerations in their operations [4]