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REE - RAREX LIMITED


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REE reacting well to the upgrade of resource ..... up 20+% today to 10c

A 47% increase in overall tonnes to 18.8Mt and maiden 11.1Mt Indicated Resource confirms that Cummins Range is a high quality deposit with potential to underpin a long life rare earths business

 

HIGHLIGHTS

• 47% increase in overall tonnes to 18.8Mt at 1.15% TREO (inc. 0.23% NdPr) + 0.14% Nb2O5

• High grade tonnes to 6.5Mt at 1.98% TREO (inc. 0.38% NdPr) + 0.21% Nb2O5

• Maiden Indicated Resource of 11.1Mt at 1.3% TREO (inc. 0.27% NdPr) + 0.17% Nb2O5

• Potential byproduct Niobium Resource reported for the first time

• Deposit open in multiple directions ... both down dip and along strike

• Major new 6,000m growth drill program well underway with RC drilling completed and diamond drilling set to begin shortly •

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  • 1 month later...

nudging higher ... 11c

.

Diamond drilling targeting high grade extensions highlights the potential for substantial growth in the scale of the Cummins Range Project, WA

HIGHLIGHTS

• Recently commenced diamond drilling intersects significant primary mineralisation below the recently updated Mineral Resource

• Multiple diamond holes intersect a fault breccia zone hosting significant REE / Niobium mineralisation over significant width...

To date, the current resource of 18.8 million tonnes grading 1.15% total rare earth oxides (TREO) and 0.14% niobium oxide has been based on oxide mineralisation that was previously interpreted to have been upgraded through weathering.

 

By hitting primary mineralisation, the ongoing diamond drilling program has now turned that theory on its head, highlighting the potential to find high grade rare earths and niobium mineralisation below the oxide.

 

Managing director Jeremy Robinson said the intersection of primary mineralisation was an important and exciting development that amounts to a potential game-change for Cummins Range.

 

If we can continue to expand the primary zone at depth, it has the potential to result in a substantial uplift in grade as well as tonnes ... providing a clear pathway for further rapid growth in the current mineral resource, he explained. We are continuing to evaluate this potentially high grade primary zone with further diamond drilling and look forward to sharing the assay results with our shareholders.
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  • 1 month later...

an interesting presentation. Mid range resource with some more drilling that should enhance things

 

and a spin off of Cosmos Exploration Limited so REE can have a pure RE focus : C1X Prospectus out and now open .

 

Listing date ... 11 November 2021 12:30PM AEDT ##

Contact details ........ https://www.cosmosx.com.au/

Principal Activities .... Mineral Exploration & Development

 

Issue Price ........ AUD 0.20

Issue Type ........ Ordinary Fully Paid Shares

Security code ................. C1X

Capital to be Raised ....... $5,000,000

Expected offer close date .... 26 October 2021

Underwriter ........... Not underwritten. Canaccord Genuity (Australia) Limited (Lead Manager)

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  • 5 weeks later...

REE concentrating on RE .... some interesting Au and Cu tenements in NSW and WA being rehomed

Cosmos Exploration Pty Ltd (to be renamed Cosmos Exploration Limited) was incorporated on 22 March 2021 for the purpose of spinning out the Orange East Project and Byro East Project. Cosmos is a wholly owned subsidiary of RareX.

Cosmos and RareX propose to enter into a demerger implementation deed , pursuant to which Cosmos will issue RareX 10,000,000 fully paid ordinary shares in Cosmos in consideration for the Spin out Projects.

Prospectus for C1X has been released and the Cosmos IPO likely to happen in Nov 2021

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  • 2 weeks later...

Exceptional high grade intercepts of up to 10.6% TREO in primary zone at Cummins Range Rare Earths Project 

Latest results include world class intercept of 102.9m at 1.6% TREO with more assays to come

Key Points:

• Outstanding new results received from recent diamond drilling targeting the primary zone at the Cummins Range Rare Earths Project

• Exceptional high grade primary mineralization grading up to 10.6% TREO intersected in CDX0011, drilled 35m down dip of previously reported intercept of 41m at 2.4% TREO (CRX0063): 

o 21.9m at 3.1% TREO with 0.6% NdPr and 0.2% Nb2O5 , Including: 3m at 10.6% TREO with 1.8% NdPr  ... Assays awaited for the rest of the hole

• Diamond hole CDX0004, drilled into an area interpreted by previous explorers to contain mineralization upgraded by weathering processes, has returned a thick zone of primary mineralization:

  • 102.97m at 1.6% TREO with 0.3% NdPr and 0.4% Nb2O5,

• Other significant results include:

  •  CDX0002 .. 11.3m at 2.4% TREO with 0.4% NdPr and 0.2% Nb2O5  
  •  CDX0003 .. 23.9m at 2.5% TREO with 0.5% NdPr and 0.3% Nb2O5

Results validate the huge potential of the primary zone at Cummins Range and the opportunity for significant resource growth 

More assays to come

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