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ABC News
ABC News
Business

Rex Minerals seeks financing for Hillside copper, gold mine on Yorke Peninsula

Mining giant Rex Minerals has announced it will be seeking financing of $850 million dollars to begin construction on its Hillside Copper-Gold Project on the Yorke Peninsula.

The mine is expected to produce 42,000 tonnes of copper and 30,000 ounces of gold each year for the first 11 years of operations.

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