Rex Minerals announces strategic alliance with Thiess for the Hillside Project in SA

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Rex Minerals has selected Thiess as the preferred tenderer for the provision of mining services for its 100% owned Hillside Copper-Gold Project located in South Australia.

According to Rex Minerals’ statement, the company has secured a strategic alliance with Thiess by entering into a non-binding Letter of Intent (LOI) under which the two parties will work together to deliver an optimal mining solution for the Hillside Project.

“Once this solution is completed the plan is to enter into a Mining Services Contract, targeted for late CY2022,” reads the statement.

Commenting on the LOI, CEO Richard Laufmann said the company was “very excited about this partnering opportunity with Thiess”.

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“Thiess is an exceptional Tier 1 mining services provider with well-documented experience with projects at large scale in this region,” he stated.

“Working together we are well placed to drive a sustainable mining approach and contribute to a lower carbon future for the Hillside mine.

“Rex remains focused on bringing Hillside into production. The depth and experience that Thiess can bring in delivering this objective is a massive de-risking step for the Company.”

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