Rio2 Limited has started a first-phase surface drilling program at its Condestable Copper Mine in Peru, aiming to explore copper-gold-silver mineralization with 85 drill holes planned. The company completed a large geophysical survey identifying six priority exploration targets in the district. Drilling at the Fenix Gold Mine in Chile is paused due to weather and safety, with plans to resume in January 2027 and an updated resource estimate expected by year-end. In Canada, Rio2 advanced the Kalzas Tungsten Project with geological mapping, permitting, and community engagement, planning a 2,000-metre scout drilling program in summer 2027 to further assess tungsten mineralization.
Rio2 Limited's exploration update coincides with a Basic Materials sector breadth of 38 US stocks on Pluang, where 17 rose and 19 fell as of Sep 22, 2026 18:51 WIB. Among notable movers, Southern Copper Corp (SCCO) rose 0.74% to USD 199.52 with a typical hold time of 59 days and a strong buy order activity of 98%. Dow Inc (DOW) and Avient Corporation (AVNT) both declined by 0.99%, with DOW showing 83% sell orders and a typical hold time of 81 days.
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