$480m Hillside copper mine secures final approval

Rex Minerals has secured the final State Government approval needed in order to develop its Hillside copper mine on the Yorke Peninsula.

Adelaide Now is reporting the company announced to the Australian Securities Exchange that it had been granted its Program for Environment Protection and Rehabilitation (PEPR) approval for Hillside.

The company already has a mining lease for the project, meaning it can move into the development phase if the company can fund the project.

Company spokesman Gavan Collery said Rex would put out an updated feasibility study in the near future, after which the company would consider funding options for the $480m project.

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