Anax Metals (ASX:ANX) pursuing revenue opportunity from waste rock

Anax Metals Limited (ASX:ANX) is pursuing an opportunity to generate near term revenue through the production of road base / aggregates from existing waste rock at the Whim Creek Copper-Zinc Project. The company is working with Castle Civil Pty Ltd to reclaim waste rock and turn it into valuable products. Anax's Managing Director, Geoff Laing, expressed the company's commitment to maximizing shareholder value through diversified revenue streams from the project.

Anax Metals' Managing Director, Geoff Laing, on waste rock repurposing initiative

Anax's Managing Director, Geoff Laing, expressed the company's commitment to maximizing shareholder value through diversified revenue streams from the project. He stated, 'Anax is pleased to be pursuing an early-stage revenue opportunity for Whim Creek, while we advance growth initiatives to establish the project as a production hub for the sustainable development of copper and base metals projects in the Pilbara. This innovative approach to repurposing waste materials underlines our commitment to maximise shareholder value through diversified revenue streams from the project.'

Summary of Anax Metals' waste rock repurposing initiative

Anax Metals Limited (ASX:ANX) is focusing on repurposing waste rock at the Whim Creek Copper-Zinc Project to generate near term revenue through the production of road base / aggregates. The company aims to establish the project as a production hub for the sustainable development of copper and base metals projects in the Pilbara. Anax is also committed to maximizing shareholder value through diversified revenue streams from the project. The initiative aligns with the company's primary focus on the growth of the copper business and its ambitions to deliver economic and environmental benefits for the region. The company plans to negotiate commercial terms for a future agreement with Castle Civil upon successful completion of the trial, providing an outlook for potential passive cash flow in the short-term while continuing to advance the Whim Creek Copper-Zinc Project.