The company has selected HLC Ingeniería y Construcción as the lead for building the process plant and site infrastructure, Anddes Asociados S.A.C. for the leach pad and civil design work, and STRACON S.A. is taking on the earthmoving and civil construction work.

The parties had already been working exclusively over the past few months with Rio2 management to detail all project engineering items related to the construction of the Fenix mine.

Detailed engineering activities for the construction work are scheduled to be completed in early November in preparation for project financing.

STRACON has already secured the role of lead mining contractor.

The Fenix gold project continues to advance as scheduled.

Rio2 said Fenix has recently been included in a list of 220 multi-sector projects to be prioritized by the Office of Sustainable Project Management - part of the Chilean Ministry of Economy.