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Rincon Resources Limited (ASX:RCR)

ALERT: Price-sensitive ASX Announcement for RCR
Current share price for RCR : $0.014 0 (0%)+
Announcement
Release
18 Dec 2025 9:21AM
Price at Release
$0.014
Full Release
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Summary
Rincon Resources Limited announced a significant Farm-in and Joint Venture agreement with Greatland Resources over its Telfer South tenements. Under the agreement, Greatland can earn up to a 75% interest by progressively investing in exploration and development, while Rincon retains full ownership of its Hasties gold/copper deposits. The collaboration is expected to expedite exploration and leverage Greatland's existing mining infrastructure for toll processing, potentially benefiting both parties by enhancing exploration efforts in the Paterson Province, a region known for its prospective geology.
Key Points
  • Rincon Resources Limited has entered into a Farm-in and Joint Venture agreement with Greatland Resources over the Telfer South tenements.
  • Greatland Resources can earn a 51% interest by spending $2 million on exploration.
  • Greatland can increase its interest to 75% by sole funding to a decision to mine.
  • Rincon retains 100% ownership of the Hasties Main and Hasties SE deposits.
  • The joint venture will leverage Greatland's Telfer mine infrastructure for toll processing.
  • The partnership aims to enhance exploration and discovery efforts in the Paterson Province.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.