REE - RareX Limited
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springhill
Make the drill work for YOU
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MC - $5m
Share price - 3c
Shares - 165,769,824 (+3m recent employee incentive shares)
Options - 98,934,786
Cash - $2.5m
Board
Dr Mike Etheridge
Mr Gordon Barnes
Dr James Macdonald
Mr Mark Lester
Dr Jeff Vassallo
Lachlan Fold Belt
•Targeting gold-copper porphyry and epithermal gold-silver-base metal mineralisation•Twelve wholly owned and managed projects
•Seven JV projects with Gold Fields which are managed by Gold Fields
Condobolin
Work completed by Clancy:
•Rock chip sampling and mapping
•Aeromagnetic / radiometric survey
•Extensive auger soil geochemical survey
•3D IP survey
•RC, AC and DD drilling
•Rock chip sampling:
–7 of 12 samples >5g/t Au (max 26g/t Au); 2 samples >5% Cu (max 8.53% Cu); 1 sample 25.3% Zn
Promising early drill results:
•All 5 prospects drill tested to date have yielded promising results
•Virgin high-grade gold discovery at Meritilga:
–4m @ 20g/t Au & 30.2g/t Ag from 75m; incl 1m @ 62g/t Au & 60g/t Ag
•Confirmed depth extension to gold mineralisation at the Phoenix prospect:
–9m @ 4.08g/t Au from 72m; incl 2m @ 14.18g/t Au
–The host rock sequence is most likely Silurian in age
–Suggests the mineralisation is the same age as Mineral Hill
•Confirmed extensions to base metal mineralisation at the Potters prospect:
–2m @ 7.1% Pb, 2.4% Zn and 83.5g/t Ag from 51m
–4m @ 4.1% Zn, 2.87% Pb and 29.6g/t Ag from 136m
•Visible gold in AC hole at Eureka NE of Meritilga
•Several other basement AC intercepts to be followed up:
–2m @ 3.99 g/t Au from 28m
–1m @ 4.75 g/t Au from 44m
•Potential for alluvial gold identified in shallow AC drilling
–1m @ 28.4 g/t Au from 4m
Tasmania JV’s – Mt Read Volcanic Belt
•Two tin projects managed by TNT Mines
•Two base metal projects managed by Bass Metals
Western Australia Project – Murchison Province
•One wholly owned base metal and gold project in adjacent to Golden Grove base metal mine
OFFER BY CLANCY EXPLORATION LIMITED FOR GENESIS RESOURCES LIMITED NOW UNCONDITIONAL AND FINAL
Clancy Exploration Limited (ASX: CLY) today announces that it has freed the offer under its off‐market
takeover bid for Genesis Resources Limited (ASX: GES) of all defeating conditions and has extended the offer
period.
The offer period has been extended by 3 weeks to 7pm (Sydney time) on Monday, 20 August 2012.
A copy of the formal Notice of Variation is attached.
Clancy’s offer is now final.
Clancy will not increase its offer consideration and the offer period will not be extended further other than
as required under the Corporations Act. Accordingly, Genesis shareholders who have not yet accepted the
offer should do so NOW.
Clancy is preparing a Second Supplementary Bidder’s Statement to provide, among other things, additional
disclosure regarding its intentions in relation to Genesis. Clancy’s Second Supplementary Bidder’s Statement
is expected to be made available on Monday, 23 July 2012.
Share price - 3c
Shares - 165,769,824 (+3m recent employee incentive shares)
Options - 98,934,786
Cash - $2.5m
Board
Dr Mike Etheridge
Mr Gordon Barnes
Dr James Macdonald
Mr Mark Lester
Dr Jeff Vassallo
Lachlan Fold Belt
•Targeting gold-copper porphyry and epithermal gold-silver-base metal mineralisation•Twelve wholly owned and managed projects
•Seven JV projects with Gold Fields which are managed by Gold Fields
Condobolin
Work completed by Clancy:
•Rock chip sampling and mapping
•Aeromagnetic / radiometric survey
•Extensive auger soil geochemical survey
•3D IP survey
•RC, AC and DD drilling
•Rock chip sampling:
–7 of 12 samples >5g/t Au (max 26g/t Au); 2 samples >5% Cu (max 8.53% Cu); 1 sample 25.3% Zn
Promising early drill results:
•All 5 prospects drill tested to date have yielded promising results
•Virgin high-grade gold discovery at Meritilga:
–4m @ 20g/t Au & 30.2g/t Ag from 75m; incl 1m @ 62g/t Au & 60g/t Ag
•Confirmed depth extension to gold mineralisation at the Phoenix prospect:
–9m @ 4.08g/t Au from 72m; incl 2m @ 14.18g/t Au
–The host rock sequence is most likely Silurian in age
–Suggests the mineralisation is the same age as Mineral Hill
•Confirmed extensions to base metal mineralisation at the Potters prospect:
–2m @ 7.1% Pb, 2.4% Zn and 83.5g/t Ag from 51m
–4m @ 4.1% Zn, 2.87% Pb and 29.6g/t Ag from 136m
•Visible gold in AC hole at Eureka NE of Meritilga
•Several other basement AC intercepts to be followed up:
–2m @ 3.99 g/t Au from 28m
–1m @ 4.75 g/t Au from 44m
•Potential for alluvial gold identified in shallow AC drilling
–1m @ 28.4 g/t Au from 4m
Tasmania JV’s – Mt Read Volcanic Belt
•Two tin projects managed by TNT Mines
•Two base metal projects managed by Bass Metals
Western Australia Project – Murchison Province
•One wholly owned base metal and gold project in adjacent to Golden Grove base metal mine
OFFER BY CLANCY EXPLORATION LIMITED FOR GENESIS RESOURCES LIMITED NOW UNCONDITIONAL AND FINAL
Clancy Exploration Limited (ASX: CLY) today announces that it has freed the offer under its off‐market
takeover bid for Genesis Resources Limited (ASX: GES) of all defeating conditions and has extended the offer
period.
The offer period has been extended by 3 weeks to 7pm (Sydney time) on Monday, 20 August 2012.
A copy of the formal Notice of Variation is attached.
Clancy’s offer is now final.
Clancy will not increase its offer consideration and the offer period will not be extended further other than
as required under the Corporations Act. Accordingly, Genesis shareholders who have not yet accepted the
offer should do so NOW.
Clancy is preparing a Second Supplementary Bidder’s Statement to provide, among other things, additional
disclosure regarding its intentions in relation to Genesis. Clancy’s Second Supplementary Bidder’s Statement
is expected to be made available on Monday, 23 July 2012.
Attachments
greggles
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Mining minnow Clancy Exploration has had success in the Federal Court has been re-instated to official quotation. The company sought orders to the effect that "the offer of sale of 270,000,000 ordinary fully paid shares of the Company during the period after their issue on 1 December 2017 to 21 March 2018 is not invalid by reason of the sellers’ failure to comply with the applicable cleansing provisions of the Corporations Act."
CLY also announced that the company has signed a deal to acquire up to 100% of key cobalt licences immediately adjacent to the world famous Bou Azzer Cobalt mine in Morocco. The Bou Azzer Cobalt Mine is famous for being a primary cobalt producer and high-quality cobalt cathode and has been in operation since the 1930's.
Its share price in currently up 66.67% to 0.5c.
CLY also announced that the company has signed a deal to acquire up to 100% of key cobalt licences immediately adjacent to the world famous Bou Azzer Cobalt mine in Morocco. The Bou Azzer Cobalt Mine is famous for being a primary cobalt producer and high-quality cobalt cathode and has been in operation since the 1930's.
Its share price in currently up 66.67% to 0.5c.
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On August 19th, 2019, Clancy Exploration Limited (CLY) changed its name and ASX code to Sagon Resources Limited (SG1).
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On December 3rd, 2019, Sagon Resources Limited (SG1) changed its name and ASX code to RareX Limited (REE).
greggles
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REE has recovered well in the last couple of months, up from 1.4c in mid-March to a high of 3.6c today after some encouraging drilling results were announced from the Trundle Project, located in the Macquarie Arc of the Lachlan Fold Belt (LFB) in central west New South Wales.
The Trundle Project is a JV with Kincora Copper Limited (TSX-V: KCC).
Drilling commenced in mid-April with six holes being drilled a total of 3,800 metres to test three known mineralized targets seeking to discover a new cluster of porphyry deposits.
With more drilling results due to be announced soon this is a good start.
The Trundle Project is a JV with Kincora Copper Limited (TSX-V: KCC).
Drilling commenced in mid-April with six holes being drilled a total of 3,800 metres to test three known mineralized targets seeking to discover a new cluster of porphyry deposits.
With more drilling results due to be announced soon this is a good start.
explod
explod
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My pick for the June comp looks ok on the chart in view of the gold price holding up this week. They seem to be into good copper and gold dirt. Experienced management also.
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explod
explod
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In a trading halt and expect good news in this by Thursday.
https://www.asx.com.au/asxpdf/20200609/pdf/44jh6k8w5tjtgg.pdf
https://www.asx.com.au/asxpdf/20200609/pdf/44jh6k8w5tjtgg.pdf
explod
explod
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My pick for the August comp is my ole Pal REE. An announcement on recent samples due soon and being in lithium with experienced geologists and good management this has potential to rocket in my view.
On the chart looks like consolidation with volume up today. LOL we'll see.
On the chart looks like consolidation with volume up today. LOL we'll see.
Garpal Gumnut
Ross Island Hotel
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Good one plod.My pick for the August comp is my ole Pal REE. An announcement on recent samples due soon and being in lithium with experienced geologists and good management this has potential to rocket in my view.
On the chart looks like consolidation with volume up today. LOL we'll see.
gg
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The sleeping giant gently awakes from slumber...
Fee, Fi, Fo, Fum.....
I thought this looked good, so I bought me some....
The locale is in The Lachlan Fold Belt and on the same general strike as Alkanes Tomingley, North Parkes, Peak Hill etc...
Rumours around Peak Hill have the Peak Hill mine to reopen.
Unconfirmed.
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Mostly still to happen over the course of this calendar year, the "potential to rocket" bit is why I bought in on Friday... independent of anything said here.
Good one GG.
Gotta love the Lachlan Fold Belt.
Hill End was really the first super pit in Australia, until Kalgoorlie redefined the term...
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ASX / MEDIA ANNOUNCEMENT
21 September 2020
RAREX IDENTIFIES NICKEL-COPPER-PGE TARGETS AT BYRO EAST PROJECT
Tenements pegged originally for rare earths potential to be explored for magmatic nickel-copper-PGE discoveries in ultramafic-mafic rocks similar to the recent Julimar discovery
HIGHLIGHTS
• Byro East pegged in February this year for rare earths exploration.
• Recent geological review subsequent to the Chalice-Julimar discovery has highlighted the
presence of ultramafic intrusions within the Narryer Gneiss Complex.
• The geological setting of the Milly Milly Intrusions is considered analogous to the Gonneville Intrusion that hosts the Chalice discovery.
• Surrounding tenure pegged recently by Chalice Gold Mines, Buxton Resources and other
private companies.
• Exploration planned to evaluate a nickel-copper gossan at surface and other geochemical targets.
21 September 2020
RAREX IDENTIFIES NICKEL-COPPER-PGE TARGETS AT BYRO EAST PROJECT
Tenements pegged originally for rare earths potential to be explored for magmatic nickel-copper-PGE discoveries in ultramafic-mafic rocks similar to the recent Julimar discovery
HIGHLIGHTS
• Byro East pegged in February this year for rare earths exploration.
• Recent geological review subsequent to the Chalice-Julimar discovery has highlighted the
presence of ultramafic intrusions within the Narryer Gneiss Complex.
• The geological setting of the Milly Milly Intrusions is considered analogous to the Gonneville Intrusion that hosts the Chalice discovery.
• Surrounding tenure pegged recently by Chalice Gold Mines, Buxton Resources and other
private companies.
• Exploration planned to evaluate a nickel-copper gossan at surface and other geochemical targets.
greggles
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Some nice looking drilling results announced by REE today. In the words of the company the assays from the Cummins Range Rare Earths Project in the Kimberley "returned exceptional thick, high-grade results."
Here are the highlights:
Very impressive and well above the resource grade. Here's the cross section:
From the end of the announcement:
I'm betting the results from the last three holes will be just as impressive as the previous three. With results due in October, we should hopefully see a nice share price increase from REE in the short term.
Here are the highlights:
Very impressive and well above the resource grade. Here's the cross section:
From the end of the announcement:
I'm betting the results from the last three holes will be just as impressive as the previous three. With results due in October, we should hopefully see a nice share price increase from REE in the short term.
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Thanks Greggles 
A chart.
A chart.
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greggles
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REE outperforming on the back of the assay results from 30 September and the expectation that the upcoming drilling results are going to be just as good.
REE has run pretty hard in the last week, so it will be interesting to see if it can hold onto those gains in the weeks ahead.
All eyes will be on the assay results due later this month.
REE has run pretty hard in the last week, so it will be interesting to see if it can hold onto those gains in the weeks ahead.
All eyes will be on the assay results due later this month.
Dona Ferentes
A little bit OC⚡DC
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and another modest rise today. A further 28% and over 20c
Now I know WA is a big state, but the ol' nearology kicking in ::::
RareX to drill Weld North rare earths project near Lynas Corporation’s Mt Weld operation
RareX (ASX: REE) is gearing up to begin drilling its Weld North rare earths project, which is close to Lynas Corporation’s (ASX: LYC) new rare earths mine in Western Australia.
smallcaps.com.au
(and a convenience in the tipping comp, to announce news on 1st of the month, for Mr @greggles)
greggles
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Revisiting REE today after the company announced further assay results from recent in-fill and extensional RC drilling at the Cummins Range Rare Earths Project.
According to the company the results from CRX0010 are the "best-ever intercept" from the project. Oddly, the market wasn't nearly as impressed. After jumping up to 18c just after the open, the REE share price quickly retreated back to a low of 15.2c, just 0.2c above Friday's close. It ended up finishing the day at 15.5c.
Further assay results due next week and drilling is set to begin at the Weld North Project next month, so plenty of news flow in the short term.
According to the company the results from CRX0010 are the "best-ever intercept" from the project. Oddly, the market wasn't nearly as impressed. After jumping up to 18c just after the open, the REE share price quickly retreated back to a low of 15.2c, just 0.2c above Friday's close. It ended up finishing the day at 15.5c.
Further assay results due next week and drilling is set to begin at the Weld North Project next month, so plenty of news flow in the short term.
