RXM rex minerals limited

OZL has announced today that it has entered into an option with...

  1. 355 Posts.
    lightbulb Created with Sketch. 69
    OZL has announced today that it has entered into an option with HAV to acquire the Kalkaroo copper-gold project for $205m plus additional contingency payments potentially amounting to $200 million (making a total of $405m). HAV's market cap is only around $51m. Great to be a HAV shareholder today (which I am not). But surely this is a major positive for REX as I think the Hillside project is at least as good (or a better) project than the Kalkaroo project (which has a Mineral Resource estimate of 245Mt @ 0.45% Cu and 0.39g/t Au).
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.