Total
0
Shares
RareX (ASX:REE) - Managing Director, Jeremy Robinson
Managing Director, Jeremy Robinson
Source: The Market Herald
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 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 Herald
Venus Metals (ASX:VMC) - Managing Director, Matthew Hogan

" Venus Metals (ASX:VMC) intersects encouraging mineralisation at Vidure

Venus Metals (VMC) has intersected encouraging copper-nickel-platinum group element (PGE) mineralisation at the Vidure Prospect.

" Whitehaven Coal (ASX:WHC) uses record prices to pay down debt

Whitehaven Coal (WHC) will use the uplift

" Alderan Resources (ASX:AL8) commences drilling at Detroit

Alderan Resources (AL8) has commenced drilling at its Detroit copper gold project, located in the US state of Utah.

" Thomson Resources (ASX:TMZ) starts calculating MRE for Silver Spur

Thomson Resources (TMZ) has begun calculating an updated JORC 2012 mineral resource estimate (MRE) for its Silver Spur Mine in Queensland.