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Updated Mineral Resource Estimate (MRE) for RareX's Cummins Range Rare Earths-Phosphate Project amounts to 519Mt at 0.32% TREO and 4.6% P2O5, making it the largest undeveloped Australian rare earths deposit.
The MRE contains 1.6Mt of contained TREO and 24Mt of contained P2O5, with a high-value NdPr content representing 22% of the total contained TREO and 360Kt of NdPr contained.
An updated Cummins Range Scoping Study is underway, and the project contains significant tonnages of high-grade TREO within the phosphate resource.
RareX Limited have announced outstanding new intercepts of 513.8m @ 0.5% TREO and 5% P2O5, as well as 288m @ 0.4% TREO and 4% P2O5 from the 2022 drilling campaign at Cummins Range Rare Earths and Phosphate Project in Western Australia.
The results demonstrate the potential for a very large, bulk tonnage REE-phosphate project with a significant step-up in scale from the last year's Scoping Study.