Canadian exploration junior Star Diamond said on Tuesday that it would take all necessary actions to ensure that its interests in the Star-Orion South project, in which Rio Tinto Exploration Canada (RTEC) is earning into, were protected.
The company said that RTEC’s purported exercise in November 2019 of its four options under the option to joint venture agreement of June 2017 did not comply with the terms of the agreement.
Excercising the four options would give RTEC a 60% interest in the Star-Orion project, in central Saskatchewan.