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

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.

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Mining Stock Daily is a brief overview of finance and resource exploration news from the world's mining and metals sector. Mining Stock Daily is a quick overview of the day's most important sector information for both precious and base metals, including market trends and analysis.