Rio Tinto on Tuesday also revealed the discovery a new zone of gold-dominant mineralisation two kilometres east of Winu – a prospect called Ngapakarra – as well as a number of other encouraging drilling results in close proximity to the maiden Winu resource. Rio said these provided"further encouragement"about the potential for the development of multiple ore bodies within one system.
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"It's telling us there is absolutely a bigger district to play here,"Mr McIntosh said.
Morgans analysts said Rio was approaching the development of Winu with a strategy more commonly used by junior miners – starting with a small-scale development targeting high-grade core before larger-scale development.
"A very interesting approach,and time will tell if the big miner can utilise this small miner strategy effectively,"analyst Adrian Prendergast said.