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ASX Release : 1 February 2021 REX Minerals Ltd ABN 12 124 960 523 Quarterly Activities Report for the period ended 31 December 2020 T 1300 822 161 ( Australia ) T +61 3 9068 3077 ( International ) P PO Box 3435 Rundle Mall South Australia 5000 E rex@rexminerals.com.au W www.rexminerals.com.au The bets are in and President Biden has hit the ground running . His actions on the first days in office included printing an additional US $ 1.9 trillion and a significant re - commitment to the Paris Agreement as well as re - establishment of electric vehicle subsidies . The commodity super cycle for electrification assets ( Copper ) and protective assets ( Gold ) is beginning . COVID - 19 disruption was severe and without doubt continues to reshape the future . Global travel remains unlikely , and domestically , interstate travel is only now opening up . Significantly , during the quarter , Rex Minerals : • • • • Opened financing discussions on Hillside , whilst pursuing joint venture and funding partner discussions through Grant Samuel . Saw the updated SA Mining Act Amendments Bill and Legislation gazetted , effective 1 January 2021 . Completed drilling at Bells and Krista ( Hog Ranch ) . Confirmed the discovery of a new high - grade zone at Krista with an intersection of 12.2m @ 6.45g / t gold below the previous modelled resource . Reported a number of outstanding drill intersections - all over 100m in thickness - including : 210m @ 0.66g / t gold from surface and 179m @ 0.51g / t gold from surface at Krista . Confirmed significant extensions to the area of gold mineralisation including : ○ over 2km strike of gold mineralisation between the Krista and Geib historic pits . О over 1.5km strike of gold mineralisation near Geib . Successfully confirmed and expanded the gold position at Bells . For the first time , confirming silver mineralisation at Bells , at a consistent silver to gold average ratio of around 5 : 1 . Completed the first ever regional geophysics over the Hog Ranch Property , including hyperspectral and magnetics , which combined with extensive modelling and recent drilling results , led us to define a significantly larger trend . We have now tripled our mining claims holdings . Presented at the Noosa Mining conference on 12 November . Held the Annual General Meeting , on 27 November , with all four resolutions well supported and approved .