sttcomp rxm, fa copper in sa $11M cap with $8M cash flagship...

sttcomp rxm, fa

copper in sa
$11M cap with $8M cash
flagship asset is hillside

Located 12kms south of the township of Ardrossan on South Australia’s Yorke Peninsula, the EFS into the Hillside Copper and Gold Project was initiated in mid‐2014. Key findings to date from the EFS include: a A$480M development, including an open pit mine and processing plant; an initial 13+ year mine life, with a Mineral Resource (measured, indicated and inferred) of 337Mt @ 0.6% copper and 0.14g/t gold, equating to approximately 2.0Mt of copper and 1.4Moz of gold; an Ore Reserve (proved and probable) of 82Mt; an annual minerals processing rate of six million tonnes to produce approximately 35,000 tonnes of copper and 25,000 ounces of gold per year; and an estimated construction workforce of 550 people and an estimated production workforce of about 500 people.