Hillside attraction: Rex moves base to Adelaide to tap copper riches
BY: BARRY FITZGERALD From: The Australian October 24, 2012 12:00AM
IT is a rare thing for Ballarat to lose an ASX-listed company's head office, and just as rare for the fly-over capital city of Adelaide to be picking it up. But that is what is happening with the decision by Rex Minerals (RXM) to relocate to Adelaide as a precursor to the development of its Hillside copper-gold-magnetite project on South Australia's Yorke Peninsula.
As it stands, Hillside is the biggest copper project getting readied for the starting stalls in the country, thanks to expected annual copper output of 70,000 tonnes for at least 15 years, along with handy amounts of gold (50,000 ounces annually) and magnetite (1.3 million tonnes annually).
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