A good overview on most current happenings.
For regular viewers, not much particularly new but a few interesting takeaways for me.
Timing of this release
Most if not all recent quarterlies have been released after the close of trading. Unexpectedly, this one is out in the middle of the day, which could imply some level of confidence and positive sentiment.
Development
For the nearing the first time, we are seeing a lot of phrasing regarding development and Cummins Range.
"RareX Limited... has taken an important step towards the development of a long-life rare earths business...
The Cummins Range Mineral Resource has grown significantly both in size and quality as a result of successful drilling programs completed last year, firmly establishing the deposit as a high-quality development opportunity in a Tier-1 mining jurisdiction.
...and now has the potential to underpin a standalone rare earth oxide production scenario as well as becoming a supplier of concentrate to third parties within Australia and overseas." (!!!)
Kincora
REE holds 4,983,333 shares of Kincora’s issued capital and the 35% free carry.
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- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-3
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