CEO, Richard Laufmann (right)Source: Rex Minerals
- Rex Minerals (RXM) has released its 2020 annual report, highlighting the advancements made at its Hog Ranch landholdings
- The company only acquired Hog Ranch and its gold projects in 2019 and has since delivered a resource estimate totalling 1.4 million ounces
- Additionally, Rex has also developed a pathway to development for its Hillside Copper-Gold Project in South Australia
- Looking at the company's financials, Rex ended FY20 with a $5.16 million loss after tax and with around $3 million in the bank
- Since then the company has raised $10 million via a placement to investors, further strengthening its balance sheet
- Shares in Rex Minerals are steady today, trading for 16 cents each
CEO, Richard Laufmann (right)Source: Rex Minerals
