Not all downhill for copper project
A review of Rex Minerals’ Hillside copper project on the Yorke Peninsula has resulted in an optimised mine plan that will deliver a higher production profile and lower start-up capital costs. The mine plan will form the basis for the Hillside bankable feasibility study (BFS) later in 2013; it suggested the combination of a new interim open pit design and multiple ore stockpiles, to allow for higher grade material to be delivered to the processing plant. Based on this model, Rex reported that the average grade delivered to the processing plant between its third year and tenth year would be about 0.6 per cent, plus gold and iron by-product credits. During this period, annual copper production would be about 80,000t...