Welcome to anyone viewing for the first time.
There is actually a bunch of stuff going on:
- Cummins Range is a real dual phosphate / RE project with offtake discussions underway and the PFS half done. First mining as soon as late next year. Low CAPEX. Multiple (shallow?) decent exploration targets adjacent to the immediate mining area that will be looked at following the end of the wet season; anything new will just add to the existing resource.
- Some work done on a possible Heavy RE prospect, which the company just claimed the entirity of - Mt Mansbridge. Waiting on end of wet season for some further work before an update.
- Despite it being deep, what I consider one of the most signficant exploration propsects in the country - https://hotcopper.com.au/threads/introducing-rarex%E2%80%99s-major-new-system-near-tropicana-sunrise-dam-and-mt-weld.7554769/ and I've skimmed over thousands. Like top 0.5%. Expecting an EIS grant application to be going in this month.
- "We were heading to Saudi as part of the RareX Ltd offtake process until the Saudi government formally invited, and hosted, us for our rare earth expertise to help the kingdom find and develop a rare earth mine. So not only could Saudi be the buyer of product from Australia, but we could also be applying our skills here in a development partnership!" - CEO's LinkedIn.
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- Ann: Cummins Range Mineral Resource Estimate Update
Ann: Cummins Range Mineral Resource Estimate Update, page-34
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