The company is preparing an initial public offering for its McEwen Copper business in the first half of 2023.

December 9 is shaping up to be a big day for Rio Tinto chief executive Jakob Stausholm.

According to Probe, the breadth of the discovery indicates the potential for a large mineralized system.

The discovery was made on surface within the Beyer Zone, where the company previously reported a surface sample that assayed 14.15 g/t gold and 9.40 g/t silver.

The Eagle’s Nest project has been billed as the largest high-grade nickel discovery in Canada since Voisey’s Bay in Labrador.

Since restarting the copper-gold mine in late 2016, the company has transformed Kainantu into a rapidly expanding producer.