REX Minerals will receive a refundable cash incentive of about $3.2million from the federal government. The company has spent several years defining a copper and gold resource at its Hillside project near Pine Point.
Part of this work has been classified as research and development, which makes $3.2million refundable under the Department of Industry, Innovation and Science.
“Rex has spent around $160million on the Hillside project so far,” project manager Greg Hall said.
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