Rex Minerals (ASX:RXM) announced financial results for the quarter ended 30 September 2022.

Operational Readiness Team continues to work with its key providers, Ausenco and Thiess, as the Company progresses to a planned Final Investment Decision (FID).

As part of the above, 13 major equipment pricing packages have been issued.

Process Plant ? designed at commissioning to be 6Mtpa, can now be optimised to 8Mtpa in operation.

Environmental monitoring stations, rain tank testing and slope cropping trials are either completed or underway.

Recent drilling results reaffirm that current 2.26Moz gold Mineral Resource remains unconstrained and open.

Plan of Operations (exploration) to request permission to significantly expand the permitted surface disturbance footprint has been submitted to the Bureau of Land Management (BLM).

Cash & cash equivalent as at 30 September 2022 was $36.5M. The Company has sufficient funds to continue with its CY2022 work plans.

Rex presented at the invitation-only 2022 Precious Metals Summit in Beaver Creek (Denver USA) in July.

The Company will hold its AGM in Melbourne on Thursday, 17 November 2022 at 11:00am (AEDT).

Following the announcement the company?s share price unchanged.