RXM 2.27% 22.5¢ rex minerals limited

MMMM, interesting, Hillside looks to be feasible but is...

  1. 519 Posts.
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    MMMM, interesting, Hillside looks to be feasible but is definitely not operating

    "Operational Readiness Team continues to work with its keyproviders, Ausenco and Thiess, as the Company progressesto a planned Final Investment Decision (FID)", havent decided to invest yet !!
    "Cash & cash equivalent as at 30 September 2022 was$36.5M. The Company has sufficient funds to continue withits CY2022 work plans" havent seen any commitment or security for $34.2M yet, or even seen it mentioned
    "signed a non-binding Letter of Intent withThiess"
    "Work is continuing on the important tender documentation with the South Australian Government’sDepartment of Infrastructure & Transport (DIT) so as appropriate State-owned and local council roads areadjusted to accommodate the future operating Hillside Mine."
    PEPR letter "Road construction works relating to mining activities to be conducted at Hillside must be in accordance with the conditions of approval provided by the Minister for Planning (Development Number 544/G017/13 and 544/G018/13). This includes a condition that 'all road works shall be completed prior to the commencement of on-site works, including mining operations' / QTR activities report "Work is continuing on the important tender documentation with the South Australian Government’sDepartment of Infrastructure & Transport (DIT) so as appropriate State-owned and local council roads areadjusted to accommodate the future operating Hillside Mine"
    Haven't finished the tender process
    Also a Native Vegetation bond of $0.5M
    I have not seen an announcement from RXM they have fully resolved the situation regarding land aquisitions and/or access in accordance with the MLP


 
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