RXM 0.00% 45.0¢ rex minerals limited

Who is going to get a bargain!, page-91

  1. 1,267 Posts.
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    100% right Chester, get rid of that distraction "Hog" and get mining at Hillside.

    Posted this before most likely, patience is a key here. They have a great copper deposit.

    Analyst Date Price TargetMike Millikan 7th June 2022 $0.80/sh3D Seismic highlights potential large copper intrusion at depthKey Points3D seismic survey over the Hillside Copper Project (100% RXM), SA has highlighted an interpreted large intrusive body at depth.y Highly encouraging seismic data, which appears to define radiating structures from an interpreted large intrusive body below the large Hillside copper deposit (~2Mt contained copper resource, ~1Mt contained copper reserve).y The interpreted body may represent the “source intrusion” for the Hillside, presenting a key target for future drilling.y In addition, numerous interpreted faults in the host stratigraphy has also been identified, providing additional targets for potential higher-grade copper mineralisation outside of zones previously tested.y No timing for drill-testing as yet provided but we would envisage key targets to be drilled in 2HCY22.y The initial work program for Hillside involves a project execution plan, optimisation of the plant layout to include room for potential later-date expansions, bankable level schedule and potential ordering of long-lead items. y We maintain our Speculative Buy.Oblique view of interpreted structures (Blue) radiating away from an interpreted potential source intrusion (Green) located below the 2Mt copper resource at Hillside (Purple). Drill hole traces are shown (Grey).Rex Minerals Ltd
 
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