THE DRILL SERGEANT: RareX Limited (ASX: REE) returned further exceptional results from recent in-fill and extensional Reverse Circulation (RC) drilling undertaken at the company’s 100 per cent-owned Cummins Range rare earths project, located in the Kimberley Region of Western Australia.
RareX declared the recent drilling to have confirmed an outcropping, thick high-grade mineralised channel trending north-west from strongly mineralised drill holes.
Latest results include:
90 metres at 3.8 per cent total rare earth oxide (TREO) and 0.3 per cent niobium from 4m, including 20m at 5.1 per cent TREO and 0.3 per cent niobium from 7m, including 3m at 11.3 per cent TREO and 0.5 per cent niobium from 7m, including 32m at 4.4 per cent TREO and 0.3 per cent niobium from 62m, including 5m at 9 per cent TREO and 0.6 per cent niobium from 64m, including 17m at 5.1 per cent TREO and 0.3 per cent niobium from 73m; and
8m at 3.3 per cent TREO and 0.1 per cent niobium from 26m, including 2m at 10.4 per cent TREO and 0.04 per cent niobium from 30m.
RareX likened the latest results to previously announced drilling results, as these holes also have ultra-high-grade seams within a broader high-grade intersection, with the internal zones including 3m at 11.3 per cent TREO, 5m at 9 per cent TREO and 2m at 10.4 per cent TREO.
The results again demonstrate an improvement on previous drilling in the immediate area and support the company’s strategy of delineating a higher-grade component within the project’s overall Inferred Mineral Resource of 13 million tonnes at 1.13 per cent TREO with 22 per cent Neodymium/ Praseodymium (NdPr) content.
“90 metres at 3.8 per cent TREO is easily the best-ever hole drilled at Cummins Range and would have to be up there globally from anything I can recall,” RareX managing director Jeremy Robinson said in the company’s announcement to the Australian Securities Exchange.
“It provides a strong indication of the quality, scale and grade of this deposit, which is characterised by its high NdPr content and location in a Tier-1 mining jurisdiction.
“We continue to be impressed by Cummins Range and look forward to receiving further assay results that will pave the way for an updated Mineral Resource, as well as commencing drilling at Weld North next month.”
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