Shares in Rex Minerals surge more than 60%
Shares in Rex Minerals surged more than 60% after it revealed it had found its ideal partner in the shape of its major shareholder, Indonesian-owned MACH Metals Australia.
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Stocks of the Hour: Rex Minerals, Gold Mountain, FBR
A snapshot of the stocks on the move, featuring Rex Minerals (ASX:RXM), Gold Mountain (ASX:GMN) and FBR Limited (ASX:FBR).
Read MoreRex Minerals getting to the pointy end of Hillside financing process
Rex Minerals (ASX:RXM) is advancing the funding process for its Hillside copper-gold project on South Australia’s “Copper Coast”.
Read MoreSuitable Replacements for Australia’s Largest Pure Copper Play
With Australia’s largest pure copper play OZ Minerals likely falling to acquisition by BHP, investors now need to search a little deeper for the best leverage to the sector.
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