After watching the video I went back to the AGM comments and have copied and pasted the following transcript . In the Noosa video Richard seems to be very exited when talking about the 3D Seismic Survey and pretty sure he could have added lots more than he did but he contained himself very well . .
3D Seismic Survey of Hillside.
Rex Minerals’ CEO and Managing Director, Richard Laufmann, said: “We already know that structures control the high-grade copper zones at Hillside and now we can see a series of these structures radiating away from a large body at depth which we believe may be an intrusive. This could be the source of the copper at Hillside. “This recent 3D seismic survey could be a game changer for Rex. We are very excited with what we are seeing in the new survey and what it may offer by way of upside for the Project.” At deeper levels (under the current drilling), the seismic data also shows what can be interpreted as a large intrusive body lying directly below the 2Mt copper Mineral Resource. Rex geologists believe the interpreted body below the Hillside deposit may represent the “source rock” to the Hillside deposit.
An artistic impression of the source rock is shown as a great Green Monster and if the Green Monster is the source of our known resources to date then this as Richard stated .This recent 3D seismic survey could be a game changer for Rex.
Sooner or later the real results of the Survey will send Rex Minerals into orbit but I am sure this will be held back until the time is right.
- Forums
- ASX - By Stock
- RXM
- Ann: Rex Minerals partnering process with Macquarie Capital
Ann: Rex Minerals partnering process with Macquarie Capital, page-23
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RXM (ASX) to my watchlist
|
|||||
Last
45.5¢ |
Change
-0.005(1.09%) |
Mkt cap ! $356.3M |
Open | High | Low | Value | Volume |
45.5¢ | 46.0¢ | 45.5¢ | $656.5K | 1.435M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 4878973 | 45.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.0¢ | 2631974 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 4878973 | 0.455 |
23 | 5451464 | 0.450 |
3 | 66611 | 0.445 |
7 | 205705 | 0.440 |
6 | 403970 | 0.435 |
Price($) | Vol. | No. |
---|---|---|
0.460 | 2631974 | 21 |
0.465 | 1592172 | 11 |
0.470 | 3144967 | 23 |
0.475 | 1061900 | 5 |
0.480 | 18950 | 3 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
Featured News
RXM (ASX) Chart |