Drilling commences as Government support for critical minerals projects ramps up

RareX Limited (ASX: REE) (RareX) is pleased to announce the start of the 2022 field season at its 100%- owned Cummins Range Rare Earths Project in Western Australia, with the largest drilling program in the Project’s history now underway.

  • Major drill program underway with up to three drill rigs in action.
  • Drilling designed to convert Exploration Target (ASX: 16 February 2022) to Resources.
  • Drilling to continue through to October, fully-funded by recent capital raising.
  • RareX notes major Government support for critical mineral projects.
  • NdPr Prices up 370% in recent times on the back of booming demand.