RareX

Significant Primary High-Grade Phosphate Discovery At Cummins Range

Broad intercept of 74m grading 15% P2O5 immediately north of the main rare earth zone opens up an exciting new growth opportunity in another future-facing commodity.

RareX Limited (ASX: REE; “RareX” or “the Company”) is pleased to advise that it has intersected a significant high-grade zone of primary phosphate mineralisation immediately north of the main rare earths zone at its flagship 100%-owned Cummins Range Rare Earths Project in the Kimberley region of WA.


Key Points:

  • Significant primary phosphate mineralisation intersected for the first time in diamond drilling targeting a northern extension of the main Rare EarthZone.
  • Diamond hole CDX0015 intersected what is now referred to as the “Northern Phosphate Zone”,with a spectacular intercept of:
    • 71m at 15% P2O5 from 71.5mdown-hole
    • Assays awaited for the top of thehole
  • This is the first time that primary phosphate mineralisation has been intersected at Cummins Range.
  • Previous drilling in the northern area intersected wide zones of supergene mineralisation, demonstrating the potential scale of the system:
    • CRX0027 102m at 18%P2O5
    • CRX0028 94m at 11%P2O5
    • CRX0029 87m at 19%P2O5
    • CRX0030 97m at 19%P2O5
    • CRX0064 21m at 20%P2O5
    • CRX0067 46m at 18%P2O5
    • CRX0068 47m at 18%P2O5
  • Carbonatite-hosted phosphate deposits are considered premium to sedimentary deposits.
  • The grade compares well to other operating mines of this type, in the range of 5% P2O5to 15%P2O5.
  • The zone is distinctly separate to the high-grade rare earths zone, with a phoscorite unit identified for the first time.
  • Intriguingly high NdPr and HREO content for the rare earths contained in this zone.
  • Phosphate is currently in high demand for fertiliser production and food security.

The mineralisation was intersected in diamond hole CDX0015, which was drilled into an interpreted northern structure for its high-grade rare earth potential as part of the extensive diamond drilling program completed late last year.

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)
Glowing charcoal briquettes with bright orange embers.

The Waste Debate: Can Rare Earth Elements be Extracted from Coal Ash?

Engineers from Monash University are saying they have found a better way to strengthen critical minerals and rare earths supply in Australia by recycling.

A report by the university claims that coal fly ash (CFA), the powdery waste that comes out of burning brown coal, could be the next best solution to extract critical minerals and rare earth elements (REEs).

Keep reading...Show less
Brazilian Critical Minerals Limited

Rare Earths Extracted from Ema ISR Field Trial

ISR leaching confirms commercial scale viability using low concentration MgS04

Brazilian Critical Minerals Limited (ASX: BCM) (“BCM” or the “Company”) is pleased to announce that it has now successfully leached, extracted and precipitated rare earths from its in-situ recovery (ISR) pilot field trial at the Ema project.

Keep reading...Show less
Dalaroo Prepares Maiden Work Program for Blue Lagoon Zirconium, Niobium and Rare Earth Project in Greenland

Dalaroo Prepares Maiden Work Program for Blue Lagoon Zirconium, Niobium and Rare Earth Project in Greenland

Dalaroo Metals Ltd (ASX: DAL, “Dalaroo” or “Company”) is pleased to provide an update on planned activities at the Blue Lagoon Project in Greenland.

Keep reading...Show less
Brazilian Rare Earths

High-Grade Discoveries Enhance Scale of Pelé Project

Brazilian Rare Earths Limited (ASX: BRE) (OTCQX: BRELY / OTCQX: BRETF) is pleased to report the results of exploration drilling at the Pelé Target 1 Project, located in Bahia, Brazil.

Keep reading...Show less
Brazilian Critical Minerals Limited

Ema Rare Earths Scoping Study Confirms Potential for Ultra Low CAPEX and OPEX Project, Showing Strong Financial Returns at Current Commodity Prices

Brazilian Critical Minerals Ltd (BCM or the Company) (ASX: BCM) advises of completion of a Scoping Study on its 100%-owned EMA Rare Earths Project (Ema Project) in southeastern Amazonas, Brazil.

Keep reading...Show less
Dalaroo Secures Option on Blue Lagoon Zirconium, Niobium and Rare Earth Project in Greenland

Dalaroo Secures Option on Blue Lagoon Zirconium, Niobium and Rare Earth Project in Greenland

Dalaroo Metals Ltd (ASX: DAL, “Dalaroo” or “Company”) is pleased to advise that it has entered into a binding heads of agreement (“Agreement”) with Ox Resources Pty Ltd (“Vendor”) to potentially acquire the Zr-Nb-REE Blue Lagoon Project (tenement MEL 2022-07) (“Project”) located in the Gadar Province of South Greenland (refer Figure 1 and 3). The Project has been historically sampled as part of a regional stream sediment program undertaken by the Greenland and Denmark Geological Society (‘GEUS”) for uranium exploration in 1979.

Keep reading...Show less

Latest Press Releases

Related News

×