RareX Limited provides Cummins range project development and strategy update

RareX Limited (ASX: REE) updated the development strategy for its 100%-owned Cummins Range Phosphate-Rare Earths Project, located immediately south of Halls Creek in Western Australia's Kimberley area.

Mineral Resource Update

The updated Mineral Resource Estimate, which described the geology and estimation methodology, was issued on March 30, 20231. Later this month, Phase 2 of the MRE update, which covers the deposit's Phos Dyke part, is expected.

Scoping Study Update

This Scoping Study was built on initial metallurgical test work that concentrated on the flotation of the rare earth-bearing monazite, followed by hydrometallurgical refinement, which displayed a traditional rare earth configuration comparable to the anticipated developments of similar deposits.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com