South Australian developer Rex Minerals has named engineering services company Thiess as preferred partner in a strategic mining services alliance at its 100%-owned Hillside copper-gold project on the Yorke Peninsula.
Their non-binding letter of intent will see the companies work together to deliver an optimal mining solution. They will now work together on pricing and contract terms with the aim of finalising the mining services contract late this year.
CEO Richard Laufmann says Thiess’s exceptional Tier 1 status and experience with large scale projects in the region will mitigate critical risks for the proposed mine, slated to produce 38,000tpa Cu and 32,000ozpa Au in concentrate over an initial 14 years.