Rex Minerals Ltd (ASX:RXM)
1. About
Rex Minerals Ltd (ASX:RXM) owns the Hillside copper-gold development Project in South Australia and the Hog Ranch gold Property in Nevada, USA.
Hillside Project
Rex's Hillside Project is situated on the Yorke Peninsula in South Australia. Copper-gold mineralisation was first discovered at the Hillside Project by Rex in 2008. The Company completed a Feasibility Study in 2015 and a costing update to the Feasibility Study was completed in 2020. The Mineral Lease for the Project was granted in 2014 and the Program for Environment Protection and Rehabilitation (PEPR) was approved in 2020.
Hog Ranch Property
Rex announced in August 2019 that it had completed the acquisition of the Hog Ranch Gold Property in Nevada, USA. The Company believes that this investment is an attractive, strategic fit with the Hillside Copper-Gold Project in South Australia, diversifying the Company's commodity and geographic exposures. This investment also offers Rex shareholders exposure to one of the world's most well-endowed gold regions. The Hog Ranch Gold Property provides camp-scale opportunities for small and large low-grade surface gold projects in addition to exciting high-grade underground epithermal gold deposits.