Ridgeline CEO Chad Peters on the Earn-in Agreement with South32 for Selena

Mining Stock Daily

Ridgeline Minerals has entered into an earn-in agreement for the Selena project with South32. The deal involves an initial $10 million earn-in over five years, with Ridgeline remaining the operator of the project. South32 has the option to spend an additional $10 million over three years to earn 80% ownership of the project. This deal provides non-dilutive funding for Ridgeline and allows them to aggressively explore the Chinchilla Sulphide target. The partnership with South32 does not change Ridgeline's business model, and they will continue to focus on their other projects, including the Big Blue Porphyry Copper Project.