Rex Minerals announced a significant update to the Mineral Resource estimate (Resource) at the Hog Ranch Gold Property. The combined Mineral Resource estimate at Hog Ranch has increased by just over 60%, up from 1.4Mozs to 2.26Mozs. The total increase in the Mineral Resource at Hog Ranch since Rex acquired the property in August 2019. As part of the future economic studies for the Hog Ranch Property, options for early development of the higher-grade core to both the Bells and Krista deposits will be considered in addition to much larger, onger life and using larger economies of scale for the extensive gold mineralisation that covers the large Bells and Krista Projects. Tables 2 and 3 identify the tonnage and grade for the block models created at each deposit at various cut-off grades that will be considered for the ongoing studies at Hog Ranch. The gold mineralisation at Hog Ranch is contained within four separate deposit locations and defined as two types of gold mineralisation. The gold mineralisation at Krista and Bells is all classified as oxide type where the rocks have been weathered and the associated gold mineralisation has been demonstrated by historical mining and more recent test-work to be amenable to low-cost open pit and heap leach mining. The gold mineralisation at the Cameco and Airport deposits are classified as sulphide type, where heap leach testing information to date indicates that lower gold recoveries will occur and therefore higher cut-off grades have been used in the reporting of the Mineral Resource. Combined Indicated and Inferred Mineral Resource of 165Mt @ 0.43g/t gold for 2.26Mozs. The shallow, oxidised Mineral Resources at Bells and Krista are over 2Mozs. A higher-grade core at both Bells and Krista has been identified (cut-off grade of 0.4g/t) for a combined 54Mt @ 0.65g/t gold for 1,130kozs which will drive the next stage of economic studies at Hog Ranch. The total Indicated Resource has tripled, from 180kozs to 560kozs. At Bells, a combined Indicated and Inferred Resource of 37Mt @ 0.47g/t gold for 560kozs includes a doubling of the Indicated Resource to 24Mt @ 0.50g/t gold for 390kozs. A 70% increase at Krista, now with a combined Indicated and Inferred Resource of 121Mt @ 0.40g/t gold for 1,550kozs. Cameco and Airport to a combined 6.7Mt @ 0.70g/t gold for 150kozs, with recent geophysical surveys highlighting the way forward for future discovery in this highly-prospective region. The additional Resource ounces at Hog Ranch were converted at a cost below USD 1/oz.