Latest results include world-class intercept of 102.9m at 1.6% TREO with more assays to come

RareX Limited (ASX: REE; RareX or the Company) is pleased to advise that it has received further exceptional wide, high-grade results from diamond drilling targeting the primary zone at its 100%-owned Cummins Range Rare Earths Project in the Kimberley Region of Western Australia.

Key Points:

  • Outstanding new results received from recent diamond drilling targeting the primary zone at the Cummins Range Rare Earths Project
  • Exceptional high-grade primary mineralization grading up to 10.6% TREO intersected in CDX0011, drilled 35m down-dip of previously reported intercept of 41m at 2.4% TREO (CRX0063):
    • 21.9m at 3.1% TREO with 0.6% NdPr and 0.2%Nb2O5
      • Including: 3m at 10.6% TREO with 1.8%NdPr
      • Assays awaited for the rest of the hole
  • Diamond hole CDX0004, drilled into an area interpreted by previous explorers to contain mineralization upgraded by weathering processes, has returned a thick zone of primary mineralization:
    • 102.97m at 1.6% TREO with 0.3% NdPr and 0.4%Nb2O5
      • Including: 46.97m at 2% TREO with 0.4% NdPr and 0.5%Nb2O5
      • Including 9m at 2.3% TREO with 0.5% NdPr and 1%Nb2O5
  • Other significant results include:
    • CDX0002 – 11.3m at 2.4% TREO with 0.4% NdPr and 0.2%Nb2O5
      • Including: 3.1m at 7% TREO with 1.1%NdPr
    • CDX0003 – 23.9m at 2.5% TREO with 0.5% NdPr and 0.3%Nb2O5
      • Including: 2.3m at 7.3% TREO with 1.7% NdPr and 0.6%Nb2O5
  • Results validate the huge potential of the primary zone at Cummins Range and the opportunity for significant resource growth
  • More assays to come

The results – from holes CDX0002, CDX0003, CDX0004, CDX0005 and partial results for CDX0011 – have provided clear evidence of the significant potential of the primary zone to contain wide zones of high-grade mineralization, reinforcing the opportunity to substantially increase the current Mineral Resource of 18.8Mt at 1.15% TREO + 0.14% Nb2O5 (Indicated Resource of 11.1Mt at 1.32% TREO + 0.17% Nb2O5; Inferred Resource of 7.7Mt at 0.88% TREO + 0.11% Nb2O5).

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This article includes content from RareX, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.


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