Rio Tinto invests in Silvergrass development

Rio Tinto will invest an incremental A$338 million (US$256 million) to complete the development of the Silvergrass mine in its Pilbara iron ore operations in Western Australia

Rio Tinto invests in Silvergrass development Rio Tinto invests in Silvergrass development Rio Tinto invests in Silvergrass development Rio Tinto invests in Silvergrass development Rio Tinto invests in Silvergrass development

Silvergrass is a satellite deposit located adjacent to Rio Tinto’s Nammuldi mine

“The brownfield expansion of the high-grade Silvergrass mine offers attractive returns, with an expected internal rate of return for this investment well in excess of 100% and a pay back of less than