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Briefcase: Business Snippets from around South Australia

In this week’s briefcase, Rex Minerals looks to raise almost $30 million and Australia's share market index belies predictions.

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Rex raises cash

Rex raises cash
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Australia , Perth , Western-australia , Richard-laufmann , Junior-rex-minerals , South-australia ,

Rex reviews Hog Ranch potential

Junior Rex Minerals has launched a strategic review process over its Hog Ranch gold project, in Nevada.

Rex told shareholders on Tuesday that the process would review the company’s options to accelerate exploration and substantially increase the scale and value of the project, with the review to consider a range of funding alternatives and take recent inbound interest into the property into account.

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Rex Minerals Limited raising A$50 million to fund pre-development activities at Hillside Copper Project

Rex Minerals raising A$50 million to fund pre-development activities at Hillside Copper Project
The company plans to spend proceeds from the placement primarily on Hillside pre-development activities such as building a project delivery team and appointing key contractors for the project.
A total of US$410 million of capex is required for stage 1 of Hillside Copper Project.
Rex Minerals Limited (ASX:RXM) is planning to launch a two-tranche placement of shares to raise around A$50 million for funding pre-development activities at its Hillside Copper Project in South Australia.
The proceeds from the proposed placement of shares will be primarily used to fund Hillside pre-development activities and expand the project delivery team.

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