RareX Limited (ASX: REE) has secured key tenements at the Mt Mansbridge Heavy Rare Earths Project in Western Australia, with E80/5942 and E80/5973 now granted, allowing exploration to commence in 2025. Additionally, a new tenement (E80/6118) has been acquired, showing high-grade yttrium boulders up to 2.7%, a key indicator of heavy rare earth mineralization. Heritage clearances are scheduled for priority areas, ensuring responsible exploration practices.
Located 40km from the significant Browns Range HRE project, Mt Mansbridge shares geological similarities with known high-grade deposits. Previous drilling has confirmed hydrothermal xenotime mineralization, with intersections including 16m at 0.28% TREO and a high-grade portion of 1m at 1.06% TREO. RareX aims to advance exploration at Mt Mansbridge alongside near-mine anomaly exploration at Cummins Range. With an expanded land package and strong exploration potential, the company is positioning itself to unlock valuable heavy rare earth resources essential for the global electrification transition.
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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.