Rex takes up mining lease in S Australia
PERTH (miningweekly.com) – Minerals developer Rex Resources has accepted the offer for a mining lease over its Hillside copper/gold/iron-ore project in South Australia, securing the last of the state and commonwealth approvals for the project’s development.
The mining lease was based on three years of work, Rex executive chairperson David Carland said on Tuesday, which included over 50 community meetings, the assessment of 237 submissions, and numerous independent technical reports over all aspects of the operation.
A recently updated mine plan showed that the flagship copper project would deliver over 75 000 t/y of copper, 60 000 oz/y of gold and over 1.2-million tonnes a year of iron-ore concentrate during the first ten years.
The miner was in the midst of a feasibility study for the Hillside project, which was based on a 15-million-tonne-a-year base case operation; however, the study identified a number of other options, including the potential for a smaller-scale start-up operation, which would now be investigated.
The scope of the extended feasibility study would include an emphasis on lower up-front capital costs, an initial smaller footprint for the project pit, initial pit designs that emphasised dilution control resulting in higher grades, and alternative design scenarios covering mining methods, haulage, processing and shipping.
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