RareX (ASX:REE) - Managing Director, Jeremy Robinson
Managing Director, Jeremy Robinson
Source: The Market Herald
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • RareX (REE) begins a scoping study at its flagship Cummins Range Critical Metals Project in Western Australia
  • The study will be led by the company’s General Manager of Projects, James Durrant, and will evaluate the commercial development potential of the project
  • The overall aim of the study is to test the financial senstitvity and scale of a proposed on-site processing facility
  • The scoping study is targeted for a Q1 2022 release, giving RareX time to continue development and integrate it with processing design
  • Shares in RareX are up 3.09 per cent on the market and are trading at 10 cents at 1:19 pm AEDT

RareX (REE) has begun a scoping study at its flagship Cummins Range Critical Metals Project.

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

The study will be led by RareX’s General Manager of Projects, James Durrant, and will evaluate the commercial development potential of the project.

Cummins Range has seen a number of developments in resource drilling with diamond drilling expanding the mineralisation at depth and along geological structures.

Furthermore, this drilling has confirmed the presence of massive monazite crystals, demonstrating the opportunity to expand the scale of the project.

The overall aim of the scoping study is to test the financial sensitivity and scale of a proposed on-site processing facility.

The scoping study is targeted for a Q1 2022 release, giving RareX time to continue development and integrate it with processing design.

Shares in RareX were up 3.09 per cent on the market and were trading at 10 cents at 1:19 pm AEDT.

REE by the numbers
More From The Market Online

Sierra Rutile rejects takeover bid from PRM Services again

Sierra Rutile has urged its shareholders for a second time to reject a takeover offer from…

Terra Uranium picks up prime 15M-pound deposit in Canada

Terra Uranium has bolstered its Canadian portfolio by acquiring the Amer Lake deposit in Nunavut, which…
The Market Online Video

Lithium Universe locks in shipping port location for lithium spodumene imports

Lithium Universe (ASX:LU7) has locked in a maritime port through which it can receive shipments of…

AIC raises ore reserve estimates by 86% copper and gold at QLD’s Jericho

AIC Mines has updated its ore reserve estimate at the Jericho deposit in north Queensland showing…