Western Copper and Gold’s (TSX: WRN; NYSE-AM: WRN) Casino project in the Yukon is approaching a decision this month whether Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) will further invest in the fifth-largest copper-gold project held by a junior, CEO Paul West-Sells says in a new video.
“Part of the reason I’m actually here in London this week is to meet with them and talk about what’s next,” West-Sells said at The Northern Miner‘s Canadian Mining Symposium in October. “There’s always the X factor that our partners will get together and make a bid, which hopefully one day will come.”
Rio Tinto holds about 8% of the company while Japan’s Mitsubishi Materials has a 5% stake. The project hosts 1.2 billion proven and probable tonnes and also envisions molybdenum extraction.
Local First Nations groups are on board as the project prepares to file an environmental permit application next year, the CEO said in a chat with Adrian Pocobelli, The Northern Miner podcast host.
Watch the full conversation here:
JV Videos are sponsored content in arrangement with The Northern Miner.