RareX (ASX:REE) - Managing Director, Jeremy Robinson
Managing Director, Jeremy Robinson
Source: The Market Herald
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  • RareX (REE) begins a significant diamond drilling program at its flagship Cummins Range Rare Earths Project in Western Australia
  • More than 3000 metres of diamond drilling will be completed with work set to be undertaken by DDH1 Drilling
  • Work is estimated to take two months to complete and will test for down-dip extensions to the mineralisation
  • Large-diameter PQ drilling will also be undertaken to extract larger samples for ongoing metallurgical test work
  • RareX has ended the day 6.45 per cent in the green with shares trading at 9.9 cents

RareX (REE) has begun a significant diamond drilling program at its flagship Cummins Range Rare Earths Project.

The Cummins Range Project lies in the Kimberly Region of Western Australia, near the township of Halls Creek.

It has a JORC 2012 inferred resource of 13 million tonnes at 1.13 per cent total rare earth oxide (TREO).

More than 3000 metres of diamond drilling will be completed with work set to be undertaken by DDH1 Drilling.

Work is estimated to take two months to complete and will test for down-dip extensions to the mineralisation.

Large-diameter PQ drilling will also be undertaken to extract larger samples for ongoing metallurgical test work.

This is the first diamond drilling to be carried out at Cummins Range since 1982 and will be the first-ever program undertaken to test the potential of the deposit.

Managing Director Jeremy Robinson is excited to begin diamond drilling.

“The start of diamond drilling is a very exciting development, as this will be the first time any diamond drilling has been undertaken at Cummins Range since CRA (now Rio Tinto) in 1982,” Mr Robinson said.

“If we are successful with any aspect of the program, it will rapidly enhance the size and quality of the deposit, building on the landmark mineral resource upgrade announced earlier this month.”

“We have sought extensive heritage clearances to facilitate ongoing exploration and a rapid expansion of the drill program in the event that we are successful.”

RareX has ended the day 6.45 per cent in the green with shares trading at 9.9 cents in a $40.48 million market cap.

REE by the numbers
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