top of page

Substantial increase in Cummins Range “Rare Dyke” Mineral Resource to 397Mt at 0.33% TREO, 4.2% P₂O₅





500% increase from the 2021 Mineral Resource Estimate, driven by highly successful 2022 drilling campaign, establishes Cummins Range as second largest undeveloped Australian rare earths deposit.


Highlights


  • Updated Indicated and Inferred Mineral Resource Estimate (MRE) completed for the “Rare Dyke” at RareX’s 100%-owned Cummins Range Rare Earths-Phosphate-Niobium Project:

    • 397Mt at 0.33% TREO and 4.2% P2O5, for a total of 1.3 million tonnes of contained TREO and 16.7 million tonnes of contained P2O5 estimated by industry expert CSA Global

    • 2.5% P2O5 cut used instead of a TREO cut due to highly successful 2022 drilling campaign and new understanding of the deposit as a very large rare earths rich phosphate system


  • 500% increase in contained TREO and 800% increase in P2O5 compared with the 2021 MRE


  • Updated MRE positions Cummins Range as the second largest undeveloped Australian rare earths project


  • High-value NdPr content represents an excellent 21% of total contained TREO with 280Kt of NdPr contained


  • Attractive Basket Price of US$33/kg based on US$110/kg NdPr


  • Increased confidence in the geological model, with 44Mt in the Indicated category


  • Phosphate characteristics are highly favourable for organic phosphate production with potential to also use in lithium iron phosphate (LFP) batteries


  • Phos Dyke MRE due in late April, expected to result in further significant resource growth


  • Updated Cummins Range Scoping Study underway using the updated MRE



Σχόλια


Drop us a line

FILL IN THE FORM BELOW TO GET IN TOUCH 

Thank you for your enquiry, we will get back to you shortly

Powered by

What does the Coup logo mean?

coup-logo (1).png

Find our ASX Feed here

  • Twitter
bottom of page