| Announcement Date: | 2022-02-14 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | RareX Ltd. |
| Project name: | Cummins Range |
| Location: | Australia |
| Commodities: | REE |
| Highlight: | Drilling results incl. 51m @ 2.5% REO |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | RareX Limited (ASX: REE; RareX or the Company) is pleased to report assay results from the best primary diamond hole drilled at its 100%-owned Cummins Range Rare Earths Project in Western Australia. Assay results for the diamond portion of holes CDX0015 and CDX0016 have been received. CDX0015 was drilled into the northern zone and intersected wide low-grade rare earths within a phoscorite unit. The impressive results for CDX0015 are discussed in a separate announcement released to market today (“Significant high-grade primary phosphate discovery at Cummins Range”). CDX0016 was designed to target the north-western extension of the primary zone and has intersected multiple zones of high-grade rare earths in monazite mineralisation. The cumulative total of all the significant intercepts is 51m at 2.5% TREO, comprising four high-grade zones of 21.3m at 1.8% TREO including 13m @ 2.6% TREO, 7.3m at 3.5% TREO, 2.2m at 6.8% TREO and 13.8m at 2.7% TREO. These drill intercepts are shown in Figure 1. The deepest zone in hole CDX0016, 13.8m at 2.7% TREO from 273m down-hole, is 230m below surface, and the visual monazite estimates from CDX0018 (assays not received), located 200m along strike, are particularly impressive. |
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