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Rio2 Revives Yukon Tungsten Project | Sydney News
Description
Rio2 Limited is reviving its dormant Yukon tungsten project, Kalzas, as global demand surges and prices skyrocket—up tenfold in five years. Once discovered in 1978 and quietly shelved since 2008, the site boasts a massive 1.5-kilometer-long tungsten anomaly with historic drill results hitting over 1% tungsten trioxide. With a $2.2M two-phase exploration plan underway, Rio2 aims to unlock the full potential of this critical mineral asset—essential for defense, aerospace, and electronics—while navigating Indigenous partnership agreements. Though the company’s core focus remains on its Chilean gold and Peruvian copper mines, this Canadian play could become a major strategic play in the race for secure supply chains.
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