Copper

April 5, 2013

Process mineralogy at the Hillside Cu-Au Project

The Hillside Cu-Au Project, located within striking distance of Adelaide in South Australia was discovered in 2008-2009 and since then a Resource of 330Mt @ 0.8% Cu(eq) has been defined and 120Mt @0.77% Cu(eq) converted into Reserves. Rex Minerals completed a pre-feasibility study in October 2012 and are progressing with development of a 15Mtpa processing facility to produce a proposed 70,000 tonnes of Cu and 50,000oz of gold, along with a sweetener of 1.2Mtpa of magnetite. This will all be done for a C1 cash operating cost of US$1.2/lb Cu (Eq), which is very impressive.
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