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RareX Reports Strong Initial Results from RC Drilling at Cummins Range

THE DRILL SERGEANT: RareX Limited (ASX: REE) has been encouraged by initial results from an initial phase of 1500m of reverse circulation (RC) drilling at the company’s Cummins Range rare earths project in the Kimberley region of Western Australia.

RareX explained the RC drilling was designed to test both the company’s geological interpretation prior to the commencement of the diamond drilling and to test areas for new mineralised trends.

“The program has proven to be successful on both counts, highlighting the exceptional scope to grow the Cummins Range Mineral Resource,” RareX said in its ASX announcement.

“Drilling on the north-western end of the Main Fault Zone exceeded expectations and has intersected wide zones of high-grade rare earths.”

The drilling returned a cumulative down-hole width of 88 metres in hole CRX0063, including a higher-grade zone of 41m at 2.4 per cent total rare earth oxide (TREO) and 0.51 per cent niobium (Nb205), including 10m at 4.1 per cent TREO and 0.74 per cent Nb2O5 in the interpreted Main Fault position.

A secondary zone below this also intersected 28m at 0.8 per cent TREO and 0.24 per cent Nb2O5 in fresh rock to the end-of-hole.

“The holes were drilled perpendicular to the Main Fault at 50 degrees azimuth and, from geological interpretations, the drilled intersections are true width,” RareX added.

“A follow-up diamond drill hole is being planned to test for mineralisation down-dip of this intercept.

“Diamond drilling down-dip of these high-grade intercepts will assist the Company’s geological team to better understand the geological controls on the Main Fault Zone and to target further diamond drill holes.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@rarex.com.au

 

Web: www.rarex.com.au

 

RareX Reports Cummins Range Rare Earths Resource Upgrade

THE DRILL SERGEANT: RareX Limited (ASX: REE) reported a substantial resource upgrade for the company’s 100 per cent-owned Cummins Range rare earths project in the Kimberley region of Western Australia.

RareX has grown the Cummins Range Mineral Resource in size and quality as a result of drilling programs completed last year, firmly establishing the deposit as a high-quality development opportunity in a Tier-1 mining jurisdiction.

The new estimate includes a 47 per cent increase in overall tonnes to 18.8 million tonnes at 1.15 per cent total rare earth oxides (TREO), including 0.23 per cent neodymium-praseodymium (NdPr) and 0.14 per cent niobium pentoxide (Nb2O5).

High-grade tonnes improved to 6.5 million tonnes at 1.98 per cent TREO, including 0.38 per cent NdPr and 0.21 per cent Nb2O5.

The estimate includes a maiden Indicated Resource of 11.1 million tonnes at 1.3 per cent TREO, including 0.27 per cent NdPr and 0.17 per cent Nb2O5.

“Achieving a resource upgrade of this magnitude is a fantastic result which reflects the great work undertaken by the RareX technical team over the past year,” RareX managing director Jeremy Robinson said in the company’s ASX announcement.

“The resource has increased in grade and scale, and now clearly sits at the forefront of rare earth development projects on the ASX.

“Apart from the overall 47 per cent increase in tonnage, we have also posted a sizeable increase in high-grade tonnes and a very significant maiden Indicated Resource of 11.1 million tonnes, which will be available for conversion to ore reserves as part of upcoming economic studies.

“Importantly, we believe that there is enormous scope to grow the resource further, both in overall size and grade.

“We have seen some very encouraging indications from the recent expansionary drilling and we are really looking forward to seeing what the upcoming diamond drilling will reveal.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@rarex.com.au

 

Web: www.rarex.com.au

 

RareX to Drill High-Grade Extensional Targets at Cummins Range

THE DRILL SERGEANT: RareX (ASX: REE) is set to commence a major new exploration drilling program at the company’s 100 per cent-owned Cummins Range rare earths project, located in the Kimberley region of Western Australia.

RareX informed the market that the upcoming phase of exploration will comprise more than 6,000 metres of reverse circulation (RC) and diamond drilling and comes on the back of drilling completed in 2020 as well as a thorough geological review of the Cummins Range deposit that was undertaken by RareX geologists over the wet season.

Subsequently, a revised geological model has been established, based largely on the 58 RC drill holes that were completed in August-October 2020, identifying new high-grade exploration targets.

The new interpretation has established the presence of pre-existing high-grade fault structures that represent high-priority exploration targets with the potential to substantially change the scale of the Cummins Range project.

This new understanding has formed the basis of the upcoming RC and diamond drill program planned to commence in late April.

“The work undertaken over the wet season by the RareX geological team has the potential to be a game-changer for the Cummins Range project, building on its existing attributes as an advanced, high-quality rare earths project in a Tier-1 mining jurisdiction with the ability to yield a premium product,” RareX managing director Jeremy Robinson said in the compan’ys ASX announcement.

“If the new geological interpretation is confirmed, the upcoming drilling has the potential to dramatically expand the scale of the deposit and delineate a significant volume of new high-grade material.

“We are looking forward to what the upcoming drilling can deliver.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@rarex.com.au

 

Web: www.rarex.com.au

 

 

RareX Encounters Further Shallow Mineralisation at Trundle

THE DRILL SERGEANT: RareX Limited (ASX: REE) reported on ongoing drilling activities at the company’s Trundle gold-copper project Joint Venture, located in the Macquarie Arc of the Lachlan Fold Belt in New South Wales.

RareX received part assay results for holes TRDD011 and TRDD012 at the Trundle Park prospect that returned mineralised intervals with high-grade copper and gold zones.

TRDD011 assay results for the first 102m of 332m, including:

74m at 0.40 per cent copper and 0.37 grams per tonne gold from surface, including 42m at 0.64 per cent copper and 0.58g/t gold from 32m, including 14m at 1.69 per cent copper, and
1.39g/t gold from 58m, including 4m at 4.98 per cent copper and 3.36g/t gold from 68m; and

TRDD012 assay results for the first 220m of 581m, including:

29m at 0.1 per cent copper and 0.18g/t gold from 191m, including 2m at 0.87 per cent copper and 0.05g/t gold from 195m, and
1m at 0.09 per cent copper and 1.17g/t gold from 204m.

The company said the broad and multiple skarn horizons intersected within TRDD012 provide encouragement for expanding the footprint size potential of the at/near surface skarn system along strike and to depth.

It also noted that primary bornite, chalcopyrite, molybdenum and observations of discrete monzodiorite intrusions in TRDD012 to be providing encouragement for vectoring towards the interpreted causative porphyry system intrusive target and the current working geological model for the central Trundle Park prospect.

 

 

Email: info@rarex.com.au

 

Web: www.rarex.com.au

 

RareX Drills High-Grade Rare Earths Potential at Cummins Range

THE DRILL SERGEANT: RareX Limited (ASX: REE) reported results from the most recent drilling completed at the company’s 100 per cent-owned Cummins Range rare earths project in the Kimberley Region of Western Australia.

RareX has completed a further 18 holes (CRX0020 to CRX0037) as part of its in-fill and extensional drilling program at Cummins Range.

The objective of the drilling was to upgrade the current Inferred Resource of 13 million tonnes at 1.13 per cent total rare earth oxide (TREO) with 22.1 per cent neodymium-praseodymium (NdPr), and to define a high-grade component.

Results include:

CRX0035
62 metres at 2.6 per cent TREO and 0.5 per cent niobium pentoxide (Nb2O5), including 25m at 4.4 per cent TREO and 0.6 per cent Nb2O5, including 6m at 9.4 per cent TREO and 1.5 per cent Nb2O5;

CRX0037
45m at 2.4 per cent TREO and 0.5 per cent Nb2O5, including 20m at 4 per cent TREO and 0.9 per cent Nb2O5, including 6m at 6.2 per cent TREO and 1.4 per cent Nb2O5;

CRX0032 – Open to the north
46m at 2 per cent TREO and 0.2 per cent Nb2O5, including 5m at 3.1 per cent TREO and 0.2 per cent Nb2O5, including 8m at 5.1 per cent TREO and 0.4 per cent Nb2O5, including 3m at 8 per cent TREO and 0.3 per cent Nb2O5;

CRX0033 – Open to the south
52m at 1.2 per cent TREO and 0.2 per cent Nb2O5, including 3m at 4 per cent TREO and 0.3 per cent Nb2O5;

CRX0022 – Open to the south
16m at 3.8 per cent TREO and 0.2 per cent Nb2O5, including 3m at 14.8 per cent TREO; and

CRX0025 – Open at depth
15m at 5.3 per cent TREO and 0.3 per cent Nb2O5, including 5m at 10.2 per cent TREO and 0.4 per cent Nb2O5.

RareX interpreted the recent drilling to demonstrate mineralisation is thickening towards the east in the central portion of the current Inferred Resource, while maintaining excellent widths and grades.

“I think it’s fair to say that the vast majority of the results received to date have exceeded our expectations in terms of width and grade, giving us a high degree of confidence in the ability to define a solid high-grade component as part of the resource update planned for early next year,” RareX managing director Jeremy Robinson said in the company’s ASX announcement.

“The thick, bonanza grade mineralisation in the north-west sector of the deposit was certainly a pleasant surprise and we are now seeing much thicker zones in the central part of the deposit while still achieving some really strong grades well above the average grade of the current Inferred Resource.

“We are now awaiting results from the final 21 holes, which should be received over the next 2 to 3 weeks.

“That will pave the way for work to begin on the updated Mineral Resource, which we are targeting for completion and reporting early in the New Year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@rarex.com.au

 

Web: www.rarex.com.au

 

RareX Raises $30M to Advance WA Rare Earths Projects

THE BOURSE WHISPERER: RareX Limited (ASX: REE) received commitments to raise $3 million via a share placement to institutional, sophisticated and professional investors.

Rare X raised the funds at 10 cents per share, a nice discount to its current share price of 12 cents, resulting in 30 million new fully-paid ordinary shares to be issued.

The raising received strong support from existing institutional and professional investors, with the company’s Directors also chipping in by collectively subscribing for $90,000 worth of shares.

The shares to be issued to the Directors will be subject to shareholder approval at a meeting to be convened in due course.

The company indicated the proceeds of the placement will be used to fund upcoming drilling programs at the company’s Weld North rare earths project; and to complete a Mineral Resource update, initial scoping studies and further exploration at the Cummins Range rare earths project.

“We are delighted by the strong support for this capital raising, which has introduced a number of new shareholders to the register and will see the company well placed to accelerate our rare earth exploration and development programs,” RareX managing director Jeremy Robinson said in the company’s ASX announcement.

“Investors can look forward to a news-flow-rich period for RareX with the potential to deliver numerous catalysts that could well and truly re-rate the stock.

“We are very much looking forward to testing the Weld North project, which shows some compelling early-stage similarities to Lynas Corporation’s Mt Weld rare earths deposit, which underpins one of the world’s highest-grade rare earth mines.

“Air-core drilling is set to commence at Weld North before the end of the year, providing our first real insight into the source of the large-scale magnetic anomaly and its potential to host a significant new discovery.

“In addition, the funds will also be used to progress our Cummins Range rare earths project, including the delivery of an updated Mineral Resource Estimate and the commencement of initial Scoping Studies.

“Further news-flow on this front is imminent, with outstanding assays from the recently completed drilling expected over the next 2 to 3 weeks.”

 

 

Email: info@rarex.com.au

 

Web: www.rarex.com.au

 

RareX Confirms Cummins Range Mineralisation

THE DRILL SERGEANT: RareX Limited (ASX: REE) continued its rare earths and niobium run from recent in‐fill and extensional drilling undertaken at the company’s 100 per cent‐owned Cummins Range rare earths project in the Kimberley region of Western Australia.

RareX released results from the two latest RC holes, CRX0012 and CRX0013, which include widths of high‐grade rare earths and niobium mineralisation with broad zones of bonanza grade mineralisation encountered in CRX0013.

New results include:

CRX0012
37 metres at 1.4 per cent total rare earth oxide (TREO) and 0.2 per cent niobium from 21m, including 7m at 3.6 per cent TREO + 0.2 per cent niobium from 37m.

CRX0013
109m at 3.6 per cent TREO and 0.44 per cent niobium from 24m, including 70m at 5.4 per cent TREO and 0.64 per cent niobium from 54m;
9m at 7.5 per cent TREO and 1.5 per cent niobium from 57m;
13m at 10.7 per cent TREO and 1.04 per cent niobium from 76m; and
8m at 9.1 per cent TREO and 0.58 per cent niobium from 106m.

The company explained the north‐west trending channel of mineralisation encountered in previously released drill holes has been confirmed by holes CRX0012 and CRX0013, further enhancing the potential size and grade of the Resource in this area.

Previous historical drilling on surrounding sections had confirmed the presence of high‐grade mineralisation down to 70m below surface.

The current drill program has now extended the zone of high‐grade mineralisation to 130m below surface.

“We continue to be impressed by the consistency of this thick, high‐grade mineralisation within this north‐west channel within the Resource,” RareX managing director Jeremy Robinson said in the company’s announcement to the Australian Securities Exchange.

“These impressive results provide strong support for the potential both to upgrade the Resource and to define a high‐grade component within the broader Resource.

“Understanding the controls on the high‐grade mineralisation in the weathered zone will also assist with targeting potential high‐grade primary mineralisation in follow‐up drilling to further expand the overall size of the Resource.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.rarex.com.au

 

 

RareX Scores Higher-Grade Hits at Cummins Range

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:

CRX0010

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

CRX0011

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.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

Email: info@rarex.com.au

 

Web: www.rarex.com.au

 

RareX Adds Niobium to Cummins Range Mix

THE DRILL SERGEANT: RareX Limited (ASX: REE) declared it has confirmed the presence of the critical mineral niobium in large concentrations within high-grade Rare Earth Element (REE) intercepts it recently announced from the company’s 100 per cent-owned Cummins Range rare earths project in the Kimberley region of Western Australia.

RareX reported it has now received the full suite of elements from the first batch of assays from a recent in-fill and extensional drilling program, which returned exceptional thick, high-grade results.

Assays from the first three Reverse Circulation (RC) holes have returned results above the resource grade, including substantial widths and grades in both CRX0002 and CRX0003.

CRX0002
41 metres at 4 per cent total rare earth oxide (TREO) and 0.21 per cent niobium from 29m down-hole, including 29m at 5.2 per cent TREO and 0.25 per cent niobium from 29m including 3m at 13.9 per cent TREO and 0.25 per cent niobium from 30m;

12m at 1.7 per cent TREO + 0.25 per cent niobium from 3m down-hole including 3m at 4.8 per cent TREO and 0.57 per cent niobium; and

10m at 1.3 per cent TREO and 0.14 per cent niobium from 79m down-hole including 6m at 1.7 per cent TREO and 0.18 per cent niobium.

CRX0003
36m at 4.6 per cent TREO and 0.32 per cent niobium from surface, including: – 3m at 25.1 per cent TREO and 0.45 per cent niobium from 15m down-hole;

11m at 1.8 per cent TREO and 0.19 per cent niobium from 50m down-hole including 2m at 6.8 per cent TREO; and

5m at 1.3 per cent TREO from 86m down-hole including 1m at 4.1 per cent TREO.

“With niobium trading fairly consistently at about US$40 per kilogram for much of the last decade, compared to an expected rare earth oxide price of US$15/kg, this could represent a significant by-product for the project,” RareX managing director Jeremy Robinson said in the company’s announcement to the Australian Securities Exchange.

“Niobium is one of the 35 critical minerals identified by both the US and Australian governments as a mineral of strategic weakness due to their concentrated supply source – Brazil in the case of niobium.”

 

 

Web: www.rarex.com.au

 

RareX Infill Drilling Hits High-Grades at Cummins Range

THE DRILL SERGEANT: RareX Limited (ASX: REE) reported on the first batch of assays it has received from a recently completed in-fill and extensional drilling program at the company’s 100 per cent-owned Cummins Range rare earths project in the Kimberley region of Western Australia.

RareX reported that assays from the first three Reverse Circulation (RC) holes have returned results above the current Inferred Resource for Cummins Range of 13 million tonnes at 1.13 per cent total rare earth oxide (TREO), including impressive widths and grades in both CRX0002 and CRX0003.

CRX0002
41m at 4 per cent TREO from 29m down-hole, including 29m at 5.2 per cent TREO from 29m, including 3m at 13.9 per cent TREO from 30m;
12m at 1.7 per cent TREO from 3m down-hole, including 3m at 4.8 per cent TREO; and
10m at 1.3 per cent TREO from 79m down-hole including 6m at 1.7 per cent TREO

CRX0003
36m at 4.6 per cent TREO from surface, including 3m at 25.1 per cent TREO from 15m down-hole;
11m at 1.8 per cent TREO from 50m down-hole, including 2m at 6.8 per cent TREO; and
5m at 1.3 per cent TREO from 86m down-hole including 1m at 4.1 per cent TREO

The in-fill drilling program was designed both to increase the confidence of the Resource from Inferred to Indicated category and to better define a higher-grade portion of the Resource.

“We could not have wished for a better start to our exploration campaign at Cummins Range,” RareX executive director Jeremy Robinson said in the company’s announcement to the Australian Securities Exchange.

“The objective of the recent program was to upgrade confidence levels in the current Resource, define a possible high-grade zone within the Resource and potentially increase the scale of the Resource.

“These first three holes have already gone a long way towards achieving these first two objectives, with the width and grade of the intercepts significantly exceeding our expectations.

“We are delighted with these initial results and look forward to updating the market on the balance of the assays as they come to hand.

“This drill program represents a major step forward in terms of adding value to the Cummins Range project and putting it on a clear trajectory towards development.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@rarex.com.au

 

Web: www.rarex.com.au