Wide zones of high-grade mineralisation in primary zone extend mineralisation at depth and provide confidence to calculate an Exploration Target

RareX Limited (ASX: REE; RareX or the Company) is pleased to report assay results from the best primary diamond hole drilled at its 100%-owned Cummins Range Rare Earths Project in Western Australia.


HIGHLIGHTS

  • Exceptional assay results received for diamond hole CDX0016, targeting the north-western extension of the primary rare earths zone down-dip.
  • The hole intersected a cumulative total of 51m at 2.5% TREO, comprised of four high-grade zones of:
    • 21.2m at 1.8% TREO from134.3m
    • 7.3m at 3.5% TREO from174m
    • 2.2m at 6.8% TREO from247.3m
    • 13.8m at 2.7% TREO from273m.
  • Primary mineralisation now extended to 240m below surface.
  • Result gives RareX the geological confidence to establish an Exploration Target for the primary zone.
  • Preliminary mineralogy on primary ore confirms relatively coarse massive monazite as the rare earths host.

Assay results for the diamond portion of holes CDX0015 and CDX0016 have been received. CDX0015 was drilled into the northern zone and intersected wide low-grade rare earths within a phoscorite unit. The impressive results for CDX0015 are discussed in a separate announcement released to market today (“Significant high-grade primary phosphate discovery at Cummins Range”).

CDX0016 was designed to target the north-western extension of the primary zone and has intersected multiple zones of high-grade rare earths in monazite mineralisation.

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.

REE:AU

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