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Rio2 Limited (RIO:CA) Discuses on Precious Metals Summit - Beaver Creek 2025 (Transcript)


Rio2 Limited (RIO:CA) Discuses on Precious Metals Summit - Beaver Creek 2025 (Transcript)

Thanks, everyone. We're going to keep this on time. So now we're staying in Chile in gold, and I'm going to welcome Andrew Cox, President and CEO of Rio2, TSX listed.

Good afternoon, everyone. As the screen says, I'm Andrew Cox, CEO of Rio2. I imagine some people may be expecting to see Alex Black here today, and I apologize for that, you've got me instead. So it is what it is. As the title said, we are building a gold mine in Chile. It's been a long process, and we're currently 11 months into a 14-month construction schedule. Our Reader Advisory, which you can read on our website if you so desire. We'll move on to a panoramic view of the Fenix Gold Project. Fenix Gold Project is located in Chile in the third region, Atacama.

It's basically the [indiscernible] of the volcano and the three peaks that you can see, Fenix North, Central and South are basically breccia complexes intruded into the host dacite and andesite volcanic rock. You can see at the bottom of the screen there, the resource is 4.8 million ounces at $1,800 gold. And we have 1 million ounces of inferred material. Well, Rio2, this is probably more for investors than mining people, but it is one of the largest oxide resources in the world. Rio2 is employing a staged development approach.

So initially, we started at 20,000 tonnes a day, water restricted. And in parallel to that, we are working to expand the project to 80,000 tonnes a day where we realize the full potential and the size of the

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