News: Rex Minerals receives SA Govt. approval for Hillside Project (PEPR)

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Rex Minerals (RXM) has received the green light from the South Australian Government for its environment protection and rehabilitation at Hillside Copper-Gold ProjectHillside joins with the South Australia's Government plans in establishing the state as a world-leading copper precinctThe current pandemic has decimated our economy and mining developments will be important in Australia's recoveryManaging Director and CEO Richard Laufmann said the approval was a critical step in the development of the Hillside copper-gold projectAt market close, Rex Minerals is up 12.9 per cent, trading for 17.5 cents per share

Rex Minerals (RXM) has received the green tick from the South Australian Government for the environment protection and rehabilitation at Hillside.

The Hillside Copper-Gold Project is located on the Yorke Peninsula in South Australia.

Explorers must receive environmental protection and rehabilitation (PEPR) approval before it begins any mining programs.

This approval comes at a critical time for South Australia and the nation due to COVID-19. The pandemic has decimated our economy and mining developments will be important in Australia's recovery.

Hillside joins with the South Australia's Government plans in establishing the state as a world-leading copper precinct. Copper is an element used in electrical equipment such as wiring and motors.

Managing Director and CEO Richard Laufmann said the approval was a critical step in the development of Hillside.

“It would be remiss of me not to acknowledge the exhaustive efforts of so many
people – staff, consultants and indeed Rex shareholders – for their persistence, diligence and patience over the period of PEPR compilation, consideration and approval," Richard said.

“This is the time for nation-building – Go Australia," he said.

At market close, Rex is up 12.9 per cent, trading for 17.5 cents per share.

Read the full article on The Market Herald Here