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REX MINERALS LIMITED - ASX: RXM
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Description
Rex Minerals Ltd (“Rex”) is an Australian minerals exploration and development company with large-scale copper-gold projects on the Yorke Peninsula, South Australia. Rex has made an initial large-scale copper-gold discovery at the Hillside Project and aims to discover multiple large-scale copper-gold deposits underneath shallow cover rocks on the Yorke Peninsula. Rex is progressively expanding on the initial Resource at Hillside and continuing with its regional exploration program to achieve its vision of developing a new large-scale, low-cost and long-life mining operation on the Yorke Peninsula.
Pine Point Copper Belt : South Australia
Rex Minerals has exploration licences in one of the most prospective locations in the world for large-scale copper-gold deposits. The licences are located in South Australia, within a geological terrane called the Gawler Craton. The Gawler Craton hosts Australia’s largest historical copper mines which occur at Moonta, which is within 50 kilometres of Rex’s exploration licences on the Yorke Peninsula.
Most of the rocks in the Gawler Craton are covered by a sequence of younger rocks that have effectively hidden many large copper deposits from the early explorers. In more recent times, exploration underneath these cover rocks has lead to the discovery of Olympic Dam – which is Australia’s largest copper deposit and also one of the world’s largest polymetallic deposits.
Additional discoveries such as Prominent Hill and Carapateena have shown that there is further potential to uncover large-scale copper-gold deposits within the Gawler Craton.
Pine Point Copper Belt : South Australia : Hillside Project
In 2009 Rex made a significant copper discovery at the Hillside Project, which is situated within a two hour drive of Adelaide on the Yorke Peninsula. The Hillside Project is one of many targets that exist along the Pine Point Copper Belt, which are the foundation to Rex’s objective of creating a new large-scale and long-life copper operation in South Australia.
Mine For
gold, silver, copper, uranium
Location of operation(s)
South Australia
Address
209 Dana St
BALLARAT, VIC, AUSTRALIA
Phone
(03) 5337 4000
Website
Last Updated
11/5/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
