Brief: Rex Minerals Signs Letter Of Intent With Nittetsu Mining For Investment In Hillside Development

Rex Minerals

19/12/2023 23:12

Dec 20 (Reuters) - Rex Minerals Ltd  RXM.AX :
    * REX SIGNS LETTER OF INTENT WITH NITTETSU MINING FOR 
INVESTMENT
IN HILLSIDE DEVELOPMEN
    * LOI TO ESTABLISH A JOINT  VENTURE IN RESPECT OF THE
COMPANY’S
WHOLLY OWNED HILLSIDE COPPER-GOLD PROJECT
    * LOI SETS OUT PRINCIPAL TERMS ON WHICH NITTETSU CAN
INITIALLY
ACQUIRE 15% PARTICIPATING INTEREST IN  THE HILLSIDE PROJECT
    * CAPITAL EXPENDITURE FOR DEVELOPMENT OF STAGE 1 OF HILLSIDE
PROJECT IS ESTIMATED TO BE A$854 MILLION

Source text for Eikon:  ID:nASX2Yh2Tx 
Further company coverage:  RXM.AX 

 ((Reuters.Briefs@thomsonreuters.com;))