RXM rex minerals limited
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News: RXM Rex Minerals Signs Letter Of Intent With Nittetsu Mining For Investment In Hillside...

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    20/12/23
    10:15
    Post #: 71542678

    Dec 20 (Reuters) - Rex Minerals Ltd (RXM) :

    • REX SIGNS LETTER OF INTENT WITH NITTETSU MINING FOR INVESTMENT IN HILLSIDE DEVELOPMEN
    • LOI TO ESTABLISH A JOINT VENTURE IN RESPECT OF THE COMPANY’S WHOLLY OWNED HILLSIDE COPPER-GOLD PROJECT
    • LOI SETS OUT PRINCIPAL TERMS ON WHICH NITTETSU CAN INITIALLY ACQUIRE 15% PARTICIPATING INTEREST IN THE HILLSIDE PROJECT
    • CAPITAL EXPENDITURE FOR DEVELOPMENT OF STAGE 1 OF HILLSIDE PROJECT IS ESTIMATED TO BE A$854 MILLION
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