Thiess has been selected by Rex Minerals as the preferred mining services provider for the latter’s Hillside copper-gold project in South Australia.

The parties have entered into a non-binding letter of intent (LOI) in this regard to establish a strategic alliance that will allow them to work together to come up with an optimal mining solution for the Hillside project located on the Yorke Peninsula.

Thiess said that Rex Minerals has notified its intention to begin exclusive negotiations for finalizing the terms of a five-year mining services contract.

Richard Laufmann — Rex Minerals CEO said: said: “Thiess is an exceptional Tier 1 mining services provider with well documented experience with projects at large scale in this region. Working together we are well placed to drive a sustainable mining approach and contribute to a lower carbon future for the Hillside mine.

“Rex remains focused on bringing Hillside into production. The depth and experience that Thiess can bring in delivering this objective is a massive de-risking step for the Company.”

Subject to the signing of the contract, Thiess is expected to provide mining services as well as operate and maintain mining fleets for supporting the greenfield copper operation. The mining services contract for the Hillside copper-gold project is targeted to be inked later this year, following which Thiess is expected to begin its work in July 2023.

Michael Wright — Thiess Executive Chair and CEO said: “We are delighted to be taking the next steps towards a partnership with Rex Minerals on the Hillside Project.  In line with our strategy to diversify our commodities and services, we are positioning Thiess at the forefront of sustainable mining.

“We share Rex Minerals’ belief in the significant contribution that metals make to a renewable future, and to the local communities and broader economy.”

  Australia, copper, gold, Hillside project, Michael Wright, Rex Minerals, Richard Laufmann, South Australia, Thiess