RareX Eyes 100 Million Tonne Rare Earths Resource Expansion at Western Australia Project

Australian development and exploration company RareX (ASX:REE) is pushing to expand its resource of rare earth elements at its flagship Cummins Range project in Western Australia, with the goal of taking the asset all the way to production.

The Cummins Range site is located in the Kimberley region of Western Australia and is host to an abundance of rare earth minerals, specifically in the form of monazite, one of the most well-understood and processed rare earth minerals in the world.

“We've got a modest resource of about 20 million tonnes at the moment, but with the drilling we've been doing this year, we're going to make that much larger, towards 100 million tonnes and beyond,” said RareX Managing Director Jeremy Robinson.

The company is also progressing through its prefeasibility study, and is in the process of applying for government funding for these studies through the Australian government’s Critical Minerals Accelerator Initiative.

Robinson added that his company is “very pleased” to be developing a project in Western Australia, given the region’s well-established mining culture and mining-friendly jurisdiction.

“With the great amount of knowledge that the sector has gained in Western Australia, Western Australia is becoming a centre of excellence for processing critical minerals (like) lithium and rare earths,” Robinson said.

The RareX executive is optimistic about the potential for rare earth minerals to gain market momentum as demand for electric platforms and renewable energy continues to rise. “We're using them in much, much greater amounts in our electric vehicles and wind turbines, (which are) extremely useful for the new economy," he said. "For the renewable sector, it’s going to be an increasing part of our lives as we move through this decade and beyond.”

Watch the full interview with RareX Managing Director Jeremy Robinson.

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