REE 7.69% 1.2¢ rarex limited

Ann: Quarterly Activities Report, page-2

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    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%).
 
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