Rio2 has the largest undeveloped Gold oxide heap leach project in the Americas located in Chile. Rio2 is a mining company with a focus on development and mining operations with a team that has proven technical skills as well as a successful capital markets track record.  Rio2 is focused on taking its Fenix Gold Project in Chile to production in the shortest possible time frame based on a staged development strategy.

The Fenix Gold project was discovered in 2010 by Atacama Pacific which was acquired by Rio2 in 2018 and the project is destined to be in production as a gold mine in the next 18 months. 

In addition to the Fenix Gold Project in development in Chile, Rio2 continues to pursue strategic acquisitions where it can deploy its operational excellence and responsible mining practices to build a multi-asset, multi-jurisdiction, precious metals company.

Rio2 is now newly financed to prepare the construction phase at the Fenix Gold project. The company recently announced that it has arranged mine construction financing totaling approximately US$125 to US$135 million to finance the construction of the mine at the Fenix Gold Project.

Securing the mine financing package is a significant milestone event for Rio2 and a testament to their management team and the strong, long-life, project fundamentals of the Fenix Gold Project.

The mine financing package will allow Rio2 to commence pre-construction activities at the Fenix Gold Project prior to receiving Environmental Impact Assessment (“EIA”) approval and permits for its planned 20,000 tonnes per day, run of mine, dump leach operations. Since the outset, the primary focus of Rio2 has been to accelerate the Fenix Gold Project to production and the mine financing package will allow the company to maintain its current schedule for first gold production in Q4, 2022.

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