Copper discovered at Hillside

Date: 29th July 2010
Project: Hillside
Organisation: Rex Minerals
ASX: RXM
Highlight: Maiden copper-gold deposit
Contact for project work: 03 5337 4000

Ballarat based Rex Minerals has confirmed the discovery of a shallow copper-gold mineralisation near Ardrossan on the Yorke Peninsula. The deposit has multiple advantages such as the close proximity of existing infrastructure including major roads, power supply and port facilities, as well as the mineralisation beginning close to the surface.

The mineral resource estimate is 700,000t of copper and 650,000 oz of gold. The detection of metallic anomalies nearby indicates further exploration of the area will likely increase the size of the mineral resource.

Rex Minerals are now undertaking conceptual mining studies to show the potential of the project to fit within a large scale open pit design. This involves mineral resource estimation and nearby exploration potential for the purpose of mine life planning. More detailed metallurgical and mining studies are planned for the second half of 2010.

This project is an opportunity for firms providing

• Drilling services
• Engineering
• Equipment supply
• Site services

For more information visit:
www.rexminerals.com.au