Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 460

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 460
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u copper-goldproject in Western Australia. Under the Term Sheet signedbetween the partners, Rio Tinto will continue to develop andoperate Winu as the managing partner, with SMM to acquire a30% equity share.                                                                                                                                                                                                                                                                                                                                                                                                  |     | Property description/type of mineWinu is currently undergoing technical studies and finalising allrequired stakeholder negotiations and applications to securethe necessary approvals for a potential open pit miningoperation.Type of mineralisationCopper-gold-silver mineralisation hosted within sulphidebreccias and quartz veins. A supergene enrichment profile capsmost of the primary mineralisation.This Property is considered an exploration stage property forSK-1300 reporting purposes.Processing plants and other available facilitiesWinu comprises camp facilities for up to 110 people,unimproved access roads and trails, and a gravel airstrip.Power sourcePower is provided by diesel generators.                                                                                                                                                                                                   |

| Annual Report on Form 20-F 2024 | 309 | riotinto.com |

Production, Mineral Reserves, Mineral Resources and operations | Mines and production facilities

| PropertyLa GranjaOwnership45% Rio Tinto,55% First QuantumMineralsOperatorFirst QuantumMineralsLocationCajamarca, NorthernPeru |     | Access and infrastructureMountain road access only, 6 hours from Chiclayo.Title/lease/acreageThe present La Granja Mining Concession grants its titleholdersthe right to explore and exploit all existing mineral resourceswithin the 3,900ha it covers.Key permit conditionsThe Transfer Agreement (in respect of the acquisition of the LaGranja mineral concession dated 31 January 2006, between LaGranja Limitada S.A.C. (formerly known as Rio Tinto MineraPeru Limitada S.A.C.) and Activos Mineros S.A.C. requires anannual fee ($5 million per semester split by the PeruvianGovernment 50:50 between the special federal governmentfees and the establishment of a social fund). Title is subject tocompletion and delivery of a feasibility study (FS), andimplementation of a mine subject to approval of the FS by thePeruvian Government within the timelines established in theTransfer Agreement.The Transfer Agreement was extended in April 2023 and isscheduled to expire in January 2028.HistoryRio Tinto received the Mining Concession in 2006, afterBHP and Cambior had returned the leases to the PeruvianGovernment. Numerous studies have been completed byRio Tinto, up to pre-feasibility study. In August 2023