https://www.miningweekly.com
Copper|Gold|PROJECT|Maintenance
Copper|Gold|PROJECT|Maintenance
copper|gold|project|maintenance

Rex's A$9.5m raise well supported

16th April 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Rex Minerals has completed a A$9.5-million share placement to institutional and sophisticated investors.

The placement comprised 39.6-million shares, which were placed at 24c each under the company’s existing 15% placement capacity.

Rex said on Friday that proceeds from the placement will be used to fund pre-development, maintenance and tenure fees at its Hillside copper/gold project, in South Australia, for the repayment of loan facilities, and for corporate and administration fees.

“Copper and gold both have strong investment thematics, and Rex represents excellent exposure to both through its fully permitted and shovel-ready Hillside project in South Australia, and its low-cost heap leach Hog Ranch gold property in Nevada,” said Rex MD Richard Laufmann.

“In making this strategic and timely placement, Rex is very pleased to welcome further additional high-quality institutional investors to the company’s register.”

Rex recently nearly doubled the gold resource at the Hog Ranch project, announcing a combined mineral resource for the project of 2.2-million ounces.

Edited by Creamer Media Reporter

Comments

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.14 0.181s - 108pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: