Watch: Gina Rinehart's gold rush in Ecuador

Hanrine, a subsidiary wholly owned by Hancock Prospecting, is currently engaged in efforts to secure and develop mineral deposits located in rural Ecuador. The company, which operates under the leadership of Gina Rinehart, has directed its focus toward the South American nation as part of its broader resource exploration strategy.

The expansion into Ecuador represents a significant international move for the Australian-based mining firm. By targeting mineral-rich regions within the country, the company aims to bolster its existing portfolio of assets through the acquisition and potential development of new mining projects.

While Hancock Prospecting maintains a diverse range of interests, this specific initiative highlights the company's interest in the Ecuadorian mining sector. The pursuit of these deposits involves navigating the local regulatory and operational landscape associated with mineral exploration in rural areas.

As the project progresses, the company continues to evaluate the viability of the mineral deposits identified in the region. The venture remains a notable development in the company's ongoing efforts to identify and secure resources outside of its domestic operations.