| Announcement Date: | 2022-02-14 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | RareX Ltd. |
| Project name: | Cummins Range |
| Location: | Australia |
| Commodities: | Phosphate |
| Highlight: | Drilling results incl. 71m @ 15% P from 71.5m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | RareX Limited (ASX: REE; “RareX” or “the Company”) is pleased to advise that it has intersected a significant high-grade zone of primary phosphate mineralisation immediately north of the main rare earths zone at its flagship 100%-owned Cummins Range Rare Earths Project in the Kimberley region of WA. The mineralisation was intersected in diamond hole CDX0015, which was drilled into an interpreted northern structure for its high-grade rare earth potential as part of the extensive diamond drilling program completed late last year. While the hole only intersected low-to-moderate grade rare earths, it did intersect high-grade phosphate with a spectacular intersection of 71m at 15% P2O5 with assays from the top of the hole still awaited. More importantly, the hole intersected a distinct primary phoscorite unit (coarse grained apatite – magnetite – phlogopite) for the first time. |
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