In the past year Rex has obtained the key approvals required for the development of the Hillside Project and is now well advanced towards developing a lower capital cost option that will set the direction for the financing and … Continued
Rex Minerals says it is comfortable about meeting the 99 conditions that form part of the ministerial approval for its proposed copper-gold mine on the Yorke Peninsula.
Yorke Peninsula Land Owners’ Group has said opposed locals aren’t to blame for Rex Minerals deciding to scale back its start-up plans for a mine near Ardrossan.
Rex Minerals has been given longer to accept a mining lease over the controversial Hillside copper project on the Yorke Peninsula.
Rex Minerals founder and executive director Steven Olsen said exploring options for a cheaper, smaller-scale start-up at Hillside will preserve value for shareholders.
Rex Minerals’ executive chairman David Carland has reinforced the company’s commitment to developing the full-size Hillside project on Yorke Peninsula.
Those opposed to the Hillside project have rejoiced in Rex’s setback.
The delay of developing Hillside is disappointing for many people who had hoped the mine would bring employment opportunities sooner rather than later.
Nick PERRY JOURNALIST REX Minerals’ Hillside copper-gold mine, near Ardrossan, has been indefinitely delayed as the company tries to come up ways to make the project cheaper. Managing director Mark Parry has resigned and the company is forming a … Continued
Chairman’s Letter – Hillside a high quality Project