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Rio2 Limited (RIO:CA) Discuses On Precious Metals Summit - Beaver Creek 2025 (Transcript)
Seeking Alphaยท 2025-09-12 01:00
Company Overview - Rio2 is currently constructing a gold mine in Chile, specifically the Fenix Gold Project, which is 11 months into a 14-month construction schedule [2][3] - The Fenix Gold Project is located in the Atacama region of Chile and has a resource estimate of 4.8 million ounces of gold at a price of $1,800 per ounce, along with 1 million ounces of inferred material [3] Project Development - The company is employing a staged development approach, starting with an initial capacity of 20,000 tonnes per day, which is water-restricted, and plans to expand to 80,000 tonnes per day to realize the project's full potential [3][4] - The Fenix Gold Project is noted to be one of the largest oxide resources globally [3]