- Rex Minerals (RXM) partners with Thiess to deliver an optimal mining solution for its Hillside copper-gold project in South Australia
- The companies executed a non-binding letter of intent, with plans to enter a mining services contract at the end of this year
- Thiess will help Rex drive down project costs, including utilising its HSE systems, integrating its personnel, and developing optimal mining equipment options
- Prior to selecting Thiess, RXM evaluated a number of mining contractors to compare cost proposals for an initial five-year mining period
- Shares are trading 1.47 per cent higher today at 17.3 cents each at 2:02 pm AEST
Rex Minerals (RXM) has partnered with Thiess to deliver an optimal mining solution for its Hillside copper-gold project in South Australia.
The companies executed a non-binding letter of intent, with plans to enter a mining services contract at the end of this year.
Thiess will help Rex drive down project costs, including utilising its HSE systems, integrating its personnel, and developing optimal mining equipment options.
Prior to selecting Thiess, RXM evaluated a number of mining contractors to compare cost proposals for an initial five-year mining period.
Rex said working with a Tier 1 mining contractor will allow it to leverage its buying power and experience.
The companies will work to develop suitable pricing and contract terms before entering a mining services contract.
CEO Richard Laufmann said Thiess has documented experience in the region.
“Working together we are well placed to drive a sustainable mining approach and contribute to a lower carbon future for the Hillside mine,” he said.
Shares were trading 1.47 per cent higher today at 17.3 cents each at 2:02 pm AEST.