Exceptional High-Grade Intercepts Of Up To 10.6% Treo1 In Primary Zone At Cummins Range Rare Earths Project

RareX Limited (ASX: REE; RareX or the Company) is pleased to advise that it has received further exceptional wide, high-grade results from diamond drilling targeting the primary zone at its 100%-owned Cummins Range Rare Earths Project in the Kimberley Region of Western Australia.

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):
  • 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
    • Including: 46.97m at 2% TREO with 0.4% NdPr and 0.5%Nb2O5
    • Including 9m at 2.3% TREO with 0.5% NdPr and 1%Nb2O5
• Other significant results include:
  • CDX0002 – 11.3m at 2.4% TREO with 0.4% NdPr and 0.2%Nb2O5
    • Including: 3.1m at 7% TREO with 1.1%NdPr
  • CDX0003 – 23.9m at 2.5% TREO with 0.5% NdPr and 0.3%Nb2O5
    • Including: 2.3m at 7.3% TREO with 1.7% NdPr and 0.6%Nb2O5
• Results validate the huge potential of the primary zone at Cummins Range and the opportunity for significant resource growth
• More assays to come

The results – from holes CDX0002, CDX0003, CDX0004, CDX0005 and partial results for CDX0011 – have provided clear evidence of the significant potential of the primary zone to contain wide zones of high-grade mineralization, reinforcing the opportunity to substantially increase the current Mineral Resource of 18.8Mt at 1.15% TREO + 0.14% Nb2O5 (Indicated Resource of 11.1Mt at 1.32% TREO + 0.17% Nb2O5; Inferred Resource of 7.7Mt at 0.88% TREO + 0.11% Nb2O5).

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