Rex Minerals: Selects Thiess’ mining services for Hillside

Rex Minerals Selects Thiess’ mining services for Hillside

• 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