RXM rex minerals limited

wonder if ari interest in t/o or jv

  1. 88 Posts.
    About 5-6 km away ARI operate an open cut dolomite mine and ship the stuff out through the Ardrossan Port.

    They got people and infrastructure inplace but may need more people for Hillside.

    This lowers their establishment costs and gobbling up a resource like RXM kind of keeps it in the family.

    ARI have announced they will be drilling for base metals and RXM still have sites to be drilled out. IMO ARI may be interested in TO just like they did with WPG iron resources.

    The big unanswered question is does the Hillside resource run 10-12 km north and just 500 metres behind the dolomite mine to join up with the Paree resource.

    So OZL may not be the only company interested in TO or JV.

    Visited RXM Ardrossan offices a year ago and had a good discussion and checked over some of their geology maps etc
    Gave me a good understanding..But nothing ASX sensitive
    was released to me so sorry no scoups.

    own OZL, RXM, WPG. and really kicking myself for not getting into ARI at 60c.





 
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