
Rio Tinto approves $110m PFS for Rhodes Ridge
Rio Tinto (ASX:RIO) has approved a $110m pre-feasibility (PFS) study to progress development of one of the world’s best undeveloped iron ore deposits — the Rhodes Ridge project. The start of the PFS follows the completion of an order of magnitude study that considered development of an operation with initial capacity of up to 40mtpa. The PFS is expected to be completed by the end of 2025 and will be followed by a feasibility study with first ore from the initial development expected by the end of this decade. Over the five-year period from 2024 to 2028, Rio is planning to spend more than $400m on exploration as part of the ongoing study phases. Study work to date has indicated…









