LCL Resources Shares Climb on Rio Tinto Farm-In Deal
LCL Resources said it signed a binding farm-in and joint venture term sheet with Rio Tinto Exploration for the Liamu copper-gold project. Its shares gained in Australian trading.
CITY OF MELBOURNE (dpa-AFX) - LCL Resources Ltd.'s (LCL.AX) shares gained around 23 percent in Australian trading after the mineral exploration company on Monday announced a binding farm-in and joint venture term sheet with Rio Tinto Exploration Ltd., a subsidiary of Anglo-Australian mining giant R…