Ann: Quarterly Activities Report, page-2

ASX / MEDIA ANNOUNCEMENT 30 July 2020
June 2020 Quarterly Activities Report
Strong progress across key exploration projects in NSW and WA and well-supported capital
raising position RareX for a potentially transformational second half of 2020

HIGHLIGHTS

• Drilling commenced at the Trundle Copper-Gold Project, NSW under the JV with Kincora
Copper
• First diamond hole intersected multiple significantly mineralised skarn zones at the
Trundle Park target, including several broad high-grade intercepts
• Kincora reported strong encouragement from initial drilling at the Mordialloc Target,
demonstrating proximity to the core of the porphyry system
• Drilling is continuing with two holes currently targeting the interpreted centre of the
porphyry
• 6,000m RC drill program commenced at the 100%-owned Cummins Range Rare Earth
Project subsequent to quarter-end, the first drilling at the project in almost 10 years
• Highly experienced mining executive Cameron Henry appointed as a non-executive
Director
• Strongly supported $2.3m capital raising completed at $0.05 per share
RareX Limited (ASX: REE) is pleased to advise that it made strong progress across both of its key
exploration assets during the June Quarter, with the maiden diamond drilling program at the
Trundle Copper-Gold Porphyry Project in NSW (Kincora Copper: 65%; RareX: 35%) achieving
early success and preparations completed for its maiden drill program at the Cummins Range
Rare Earth Project in WA (RareX: 100%).