Join our daily newsletter At The Bell to receive exclusive market insights
- Rex Minerals (RXM) has received the green light from the South Australian Government for its Program for Environment Protection and Rehabilitation at the Hillside Copper-Gold Project
- Hillside complements the South Australian Government’s plan to establish the state as a world-leading copper precinct
- Rex says the current pandemic has decimated the Australian economy and mining developments will be important to the nation’s recovery
- Managing Director and CEO, Richard Laufmann, said the approval was a critical step in the development of the Hillside copper-gold project
- At market close, Rex Minerals is up 12.9 per cent, trading for 17.5 cents per share
Rex Minerals (RXM) has received the green light from the South Australian Government for its Program for Environment Protection and Rehabilitation (PEPR) for the Hillside project.
The Hillside Copper-Gold Project is located on the Yorke Peninsula in South Australia and complements the South Australian Government’s plan to establish the state as a world-leading copper precinct.
According to legislation, explorers must receive environmental protection and rehabilitation (PEPR) approval before they begin any mining programs.
Rex says the current pandemic has decimated the Australian economy and mining developments will be important to the nation’s recovery.
Managing Director and CEO Richard Laufmann said the approval was a critical step in the development of Hillside.
“It would be remiss of me not to acknowledge the exhaustive efforts of so many
people – staff, consultants and indeed Rex shareholders – for their persistence, diligence and patience over the period of PEPR compilation, consideration and approval,” Richard said.
At market close, Rex is up 12.9 per cent, trading for 17.5 cents per share.
