Ann: Trading Halt , page-8

Once the maiden resource estimate is announced I think the gap between the market capitalisation of Rex ($181M) will get a little closer to Cudeco ($662M) and Sandfire ($646M) . It appears to me what Rex lacks in grades it more than makes up for it in the tonnage department as well as the mineralisation being so close to the surface makes it far more accessible and to boot the already in place infrastructure is a big asset. The Rex drilling is on a grid over 500m wide and extending 2km with the big possibly of extending even a lot further with more drill testing .There is also the near surface supergene copper that extends into the distance (under testing at present)and these grades may be a lot higher than the primary grades already known. It is great success story for Rex Minerals and the current SA Government's mineral policy and incentives to explore in the South Australian state.Stay tuned the announcement may be great news .