Yes, hope something positive is coming ...we don't want a CHN type market re-action ...
around 50days till next Qty report >>
from last Qty...
Formal Project Partner Process Update: As announced on 6 February 2023, the Company has commenced
a formal process to assess partnering options for Hillside. Macquarie Capital has been appointed as
financial adviser to assist in the managing of the partnering process. At the time of writing, a broad range
of highly-credible parties is evaluating the information provided in the data room. Participants include
Tier 1 mining companies, private equity groups, metals trading houses and refiners. Rex is engaged with
parties with a strong interest in the future of copper and in partnering at Hillside, and who can
meaningfully enhance the value of the Project for Rex shareholders.
These parties have been working with the Company through confirmatory due diligence with the overall
transaction timeline designed to accommodate internal approval requirements. As a result of this, the
parties have requested time extensions to finalise bids. Rex considers this is in shareholder interests to
accommodate. We will continue to update shareholders on progress...
looking forward to the progress update... we have a few major parties interested but can't nail down terms...???//
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