RareX Resources (ASX:REE)REE’s Cummins Range rare earths project in WA’s Kimberley region has a JORC resource indicated and inferred resource of 18.8Mt at 1.15% TREO + 0.14% niobium, including high-grade tonnes at 6.5Mt at 1.98% TREO + 0.21% niobium.Significant concentrations of niobium were discovered at the project back in October 2020 with drill holes intersecting shallow zones of mineralisation including 41m at 4% TREO and 0.21% niobium from 29m.Another drill hole returned 29m at 5.2% TREO and 0.25% niobium from 29m.
Globe Metals and Mining (ASX:GBE)GBE has been undertaking exploration and resource development activities at the Kanyika Niobium Project in Malawi since identifying niobium and tantalum mineralisation at the site back in 2007.The project, poised to be the first niobium mine into production in more than 50 years and the first ever in Africa, has a mineral resource of 68 Mt at 0.283% niobium based on ~33km of drilling.
CUF Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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