Rex Minerals Limited
ASX:RXM ISIN:AU000000RXM4
News
Rex Minerals Limited (ASX:RXM) has received assays for an additional seven drill holes from its 100% owned Hillside Project on the Yorke Peninsula in South Australia which reveal highly-encouraging shallow copper mineralisation over the Songvaar structure.
Rex Minerals Limited (ASX:RXM) is pleased to advise that the retail component of the entitlement offer closed at 5.00 pm on 17 November 2009 and that Rex has raised a total of A$14,797,595.60 (8,704,468 shares) from retail shareholder subscriptions.
Rex Minerals Limited (ASX:RXM) Chairman's address - AGM 12 November 2009. The past year has been one of significant achievement, with Rex now well established to make 2010 an equally successful year.
Rex Minerals Limited (ASX:RXM) has received assay results for five drill holes from its 100% owned Hillside Project on the Yorke Peninsula in South Australia. The assay results provide additional evidence that three structures host copper mineralisation for a combined strike length of 2.1 kilometres.
Rex Minerals Limited (ASX:RXM) is pleased to announce an underwritten equity raising of approximately A$42 million comprising a 3 for 10 accelerated non-renounceable pro-rata entitlement offer ("Entitlement Offer") at an offer price of A$1.70 per share.
Rex Minerals Limited (ASX:RXM) has recently commenced drill testing of a third target area known as the Songvaar magnetic anomaly. The Songvaar magnetic anomaly was defined from the Company's recently completed high resolution magnetic survey (announced 24 August, 2009), and lies east of and parallel to the Zanoni and Parsee.
Rex Minerals Limited (ASX:RXM) completion of detailed geophysical surveys combined with recent confirmation drill holes provide further evidence supporting the interpretation that large-scale mineralisation exists at Hillside. In addition, new shallow supergene copper mineralisation has been discovered at Hillside. This is interpreted to be the cause of a series of EM anomalies identified from an EM survey completed this quarter.
A detailed regional magnetic survey covering 60 kilometres of the Pine Point Copper Belt on the Yorke Peninsula in South Australia has opened up a host of new exploration targets on Rex Minerals Limited's (ASX:RXM) 100% owned tenements. In addition, two key holes recently drilled at the Company's Hillside Project highlight the potential for shallow large-scale copper mineralisation.
Rex Minerals Limited (ASX:RXM) has received assay results from a drilling program recently completed at the White Rock North silver prospect within Rex's 100% owned Mt Carrington copper-gold-silver project in north-eastern NSW.
Rex Minerals Limited (ASX:RXM) Further High Grade Copper Results At Hillside Copper Drilling Program
Rex Minerals Limited (ASX:RXM) has received further high grade copper results from the ongoing drilling program at its 100% owned Hillside copper project on South Australia's Yorke Peninsula.
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