RareX

Outstanding Wide Rare Earths-Phosphate Intercepts Pave Way for Pivotal Resource Upgrade at Cummins Range in Early 2023

Australian sustainable rare earths company, RareX Limited (ASX: REE) (RareX or the Company), is pleased to report results from a further two diamond drill-holes completed as part of the 2022 drilling program at its 100%-owned Cummins Range Rare Earths and Phosphate Project in the Kimberley region of Western Australia.


Highlights

  • Assays received for two new diamond drill-holes completed as part of the 2022 drilling program at the Cummins Range Rare Earths and Phosphate Project, WA.
  • CDX0023 intersected 373m at 0.3% TREO, 4% P2O5 from 14m:
    • Including a cumulative 51.7m at 1.3% TREO, which includes:
      • 8m @ 1.4% TREO & 3% P2O5from 131m; and
      • 5.3m @ 1.8% TREO & 3% P2O5from 297m; and
      • 8.85m @ 1% TREO & 6% P2O5from 325.3m; and
      • 4.45m @ 1.8% TREO & 5% P2O5from 347.8m
  • CDX0024 intersected 264.3m at 0.4% TREO 4% P2O5 from 150m:
    • Including a cumulative 71m at 1.1% TREO, which includes:
      • 27.7m at 1% TREO and 3% P2O5;
      • 5.2m at 1% TREO and 4% P2O5; and
      • 5.85m at 2.1% TREO and 4% P2O5
  • Results to contribute towards key Mineral Resource Upgrade due next quarter
  • Assay results awaited for 49 holes and expected to be received over the coming months

The holes, CDX0023 and CDX0024, returned exceptional wide intercepts of significant rare earths and phosphate mineralisation, confirming the significant scale and potential of the mineralised system at Cummins Range.

The results will contribute to a resource upgrade scheduled for Q1 2023.

Drilling has now stopped for the wet season, with a total of 16,000m of reverse circulation (RC) and diamond drilling completed in 2022.

RC drilling focused on the shallow Phos Dyke phosphate and rare earths mineralisation, including a north- east fence line (CRX0076-CRX0079) with consistent visual apatite, confirmed by XRF.

Diamond drilling tested the down-dip extension to fresh rock rare earths and phosphate mineralisation on the Rare Dyke to 500m below surface.

Commenting on the results, RareX Managing Director, Jeremy Robinson, said: “The wide intercepts continue to come through for Cummins Range and we expect to see a strong flow of news through until January next year now the program is complete.

"Once we have received all assay results, work will commence on what we expect to be a significant resource upgrade in the first quarter of next year.

“The mineralised system is now wider than it is long, with dimensions reaching 750m of strike, a width of 900m wide and extending to a depth of 500m.”


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
The Conversation (0)
CuFe Ltd

Results of General Meeting

In accordance with Listing Rule 3.13.2 and section 251AA of the Corporations Act, CuFe Ltd (ASX: CUF) (CuFe or the Company) provides the results of its General Meeting of Shareholders held at 2:00pm (WST) on 10 October 2024, as set out in the attached schedule. The Company advises that the resolution was passed and decided by way of a poll.

Keep reading...Show less
CuFe Ltd

CuFe Ltd (ASX: CUF) – Trading Halt

Description

The securities of CuFe Ltd (‘CUF’) will be placed in trading halt at the request of CUF, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 14 October 2024 or when the announcement is released to the market.

Keep reading...Show less
Niobium periodic symbol.

WA1 Resources Reports "Excellent" Refining Testwork Results

WA1 Resources (ASX:WA1,OTC Pink:WAORF) revealed results from the initial refining testwork conducted at its 100 percent owned West Arunta niobium project on Monday (October 7).

Located approximately 490 kilometers south of Halls Creek in Western Australia, West Arunta hosts the significant Luni niobium deposit, which was discovered during the company’s first on-site drilling in 2022.

According to a July 2024 mineral resource estimate, Luni contains inferred resources of 200 million tonnes at 1.0 percent niobium pentoxide, including a higher grade resource of 53 million tonnes at 2.1 percent.

“In June we reported that beneficiation testwork successfully produced a high-grade niobium concentrate, primarily via flotation – the first stage in a conventional ferroniobium process flowsheet,” said WA1 Resources Managing Director Paul Savich in a press release.

Keep reading...Show less
  Dreadnought Resources

Strong Drilling Results from Tarraji-Yampi (80%, 100%)

Dreadnought Resources Limited (“Dreadnought”) is pleased to announce results from a diamond drilling program and down hole EM (“DHEM”) surveys at Tarraji-Yampi, located in the Kimberley Region of Western Australia.

Keep reading...Show less
Curtis Moore, rare earths.

Energy Fuels: Uranium Sector Strong, Now Ramping Up Rare Earths

Following the closure of Energy Fuels' (TSX:EFR,NYSEAMERICAN:UUUU)acquisition of Base Resources, Curtis Moore discussed the buildout of the company's rare earths and heavy mineral sands businesses.

"We are creating a truly diversified critical minerals company. This diversification is based upon on our core uranium processing and our core uranium production capabilities, which remain the heart of our business," he said.

"We have been and will be the number one uranium producer in the US ... however, on top of this uranium capability that we have, we've been able to bolt on a world-significant rare earth business and also a world-significant heavy mineral sand business," added Moore, who is SVP of marketing and corporate development at Energy Fuels.

Keep reading...Show less
Businessmen shaking hands.

SRC and Defense Metals Sign MOU for Rare Earths Processing in Canada

Defense Metals (TSXV:DEFN,OTCQB:DFMTF) has signed a memorandum of understanding (MOU) with the Saskatchewan Research Council (SRC) to support the development of a domestic rare earths supply chain.

The collaboration was announced on Thursday (September 26) and has three main objectives.

The organizations will explore potential joint initiatives related to the processing and supply of rare earth materials, and will discuss the use of the SRC's rare earths separation technology for Defense Metals’ products.

Keep reading...Show less

Latest Press Releases

Related News

×