Exploration Target encompassing the primary zone demonstrates the potential for Cummins Range to become a top-3 Australian rare earths deposit

RareX Limited (ASX: REE; “RareX” or “the Company”) is pleased to announce its maiden Exploration Target for the primary zone within its flagship 100%-owned Cummins Range Rare Earths Project, located in the Kimberley Region of Western Australia.


HIGHLIGHTS

  • Follows highly successful recent diamond drilling program targeting the primary zone
  • Exploration Target is in addition to the current Indicated and Inferred Mineral Resource1 of 18.8Mt at 1.15% TREO2 + 0.14% Nb2O5
  • This zone will be targeted by a major new drilling program commencing early April

The Exploration Target, which is in addition to and located below the current Indicated and Inferred Mineral Resource within the Main Rare Earths Zone, comprises 23Mt at 1.6% TREO to 41Mt at 2.4% TREO, as set out below:

RareX Additional to Current Indicated and Inferred Resource

The potential quantity and grade of the Exploration Target is conceptual in nature, and there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

The Exploration Target has been developed following the extensive diamond drilling program completed in 2021 which has successfully proven that high-grade rare earths mineralisation extends into the primary, below the weathered zone.

Click here for the full ASX Release

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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