REE - RareX Limited

[Garpal Gumnut]

All boats rise when the tide comes in.

gg

 

[Sean K]

A message to all my stocks, change your name to 'Rare' something or 'Lithium'. Thank you.

 

[Sean K]

Rare Earth's experts, this tonnage looks pretty tame to me. How's it compare to anything that might turn into a mine?

 

[Dona Ferentes]

Rare Earth's experts, this tonnage looks pretty tame to me. How's it compare to anything that might turn into a mine?

love that word Potential. It's very forward looking

 

[explod]

I feel I should use GG's dart but have FEELINGS that this is near a breakout IMHO.

Looks like it held above support today.

Anyway, we march on and good luck to you all for the Merry Month of May

 

[Garpal Gumnut]

Another announcement recently which suggests there may be a rather large lode of RE deeper than previously thought.

Awaiting analysis after some drill holes.

Great potential for the preternatural potentates on ASF.

To be honest to has been disappointing but one lives in hope.

gg

 

[Dona Ferentes]

Another announcement recently which suggests there may be a rather large lode of RE deeper than previously thunk

Additional Information
Cautionary note: The Company stresses that the reported visually estimated percentages in the table above relate specifically to the abundance of rare earths mineralisation logged in the drill core and is not an estimated grade for the interval. In relation to the disclosure of visual results, the Company cautions that visual estimates of mineral abundance should never be considered a proxy or substitute for a laboratory analysis. Assay results are required to determine the widths and grade of the visual mineralisation in preliminary geological logging. The Company will update the market when laboratory results become available.

RareX has a Niton XRF on site that has been calibrated to Cummins Range mineralisation. The XRF analyses for 43 elements including Cerium, Lanthanum, Praseodymium, Neodymium, yttrium, Niobium and Phosphorus. The XRF is used as a tool to indicate whether a zone is mineralised, however it is not an accurate indicator of grade. With the XRF results, rock type and visual confirmation of mineralisation, the RareX geologist can assess whether an interval is mineralised.

- taken on board by the market, it would seem.

 

[Sean K]

I threw a dart at my rare earths watchlist for the Nov comp and I hit REE. My MacBook Air screen is unlikely to recover.

I had to have a look at their last presentation to see what they did, and it looks like a lot of hot air, but that seems to be the game here.

Chart wise, that could be a bottom down there, and if there's a rumour of something in the wind this could do anything. No one is buying or selling this fleed puppy.

Attach this to your Okanui's for November.

 

[Sean K]

Not sure if these MOUs actually mean a lot but hopefully my dart board pick for the comp gets a nudge.

 

[Dona Ferentes]

All boats rise when the tide comes in.

Tsunami pushing it 25% higher on resource upgrade

 

[Dona Ferentes]

.Awaiting analysis after some drill holes.

Great potential for the preternatural potentates on ASF

did we foresee more reorganisation? Now 4c

RareX agrees to sell 35% interest in NSW portfolio to JV partner to become largest shareholder with 18% of dedicated copper-gold explorer Kincora (KCC).

RareX Limited has agreed to sell its 35% asset level interests in the Trundle, Fairholme, Jemalong, Cundumbul and Condobolin exploration licences in NSW to its Joint Venture partner, Kincora Copper Limited, for consideration comprising 40 million Kincora Chess Depositary Interests (CDIs) and a 1% Net Smelter Return Royalty.

Concurrent with the transaction, Kincora has undertaken an oversubscribed $2m placement with RareX becoming Kincora’s largest shareholder post the placement and transaction with a holding of approximately 45 million shares (18%) in Kincora, comprising 40 million shares issued under this transaction and 5 million already owned by RareX. As part of the transaction, RareX Chairman, Jeremy Robinson, will be joining the board of Kincora.

Consolidating project ownership and removing the existing carried interests increases the strategic value of the NSW project portfolio for all Kincora shareholders. The portfolio already attracts interest from mid-tier and industry majors.

RareX Chairman Jeremy Robinson said: “The time has come to vend our NSW exploration interests to Kincora, clearing the path for a major to take over the funding and add to the exploration of these world-class projects. I look forward to assisting growing Kincora’s portfolio.”

Sale Terms
RareX has executed a conditional agreement with Kincora to sell its carried 35% asset level interests in the Trundle, Fairholme, Jemalong, Cundumbul and Condobolin exploration licences. In consideration, RareX will be issued 40 million CDIs and granted a 1% NSR for the vended licences.

 

[barney]

Serious spike on this Rare Earther today. A few of my Rare Earth Watchlist also moved a bit today .... Bring it on!

 

[Dona Ferentes]

yep, up and away

RareX Discovers High Grade Gallium at Cummins Range​

Highlights
• Historical drill holes contain values up to 6,826 g/t (0.68%) Ga2O3
• Significant Gallium Intercepts include:
o 99m at 106 g/t Ga2O3, 0.77% TREO and 160 g/t Sc2O3 from 1m
o 60m at 124 g/t Ga2O3, 3% TREO and 372 g/t Sc2O3 from 36m, Incl. 12m at 242 g/t Ga2O3, 6.7% TREO and 638 g/t Sc2O3
o 74m at 123 g/t Ga2O3, 2.4% TREO and 186 g/t Sc2O3 from surface, Incl. 30m at 206 g/t Ga2O3, 4.6% TREO and 310 g/t Sc2O3
• Research suggests these are the highest grade gallium assays reported in Australia
• Only 25% of the historical drilling has been assayed for gallium with none of the RareX drilling assayed for gallium – this discovery immediately elevates Cummins Range to the most advanced gallium deposit in Australia
• Gallium is on the critical mineral list for Europe, America and Australia and, with the growth of electronics, semi-conductors and solar panels, it is anticipated the gallium market will grow significantly from US$2.45B in 2024 to US$21.53B by 2034
• Re-assaying of samples is underway

 

[barney]

yep, up and away RareX Discovers High Grade Gallium at Cummins Range

Really getting a wriggle on today ..... Lynas also up almost 5% today as well ....... Come on PRS what are you doing!

 

[Sean K]

Really getting a wriggle on today ..... Lynas also up almost 5% today as well ....... Come on PRS what are you doing!

View attachment 197629

Find an RE stock that hasn't moved and put your grandma on it.

This is surely a blip driven by irrational reaction to the China thing and hot cocker.

 

[barney]

Find an RE stock that hasn't moved and put your grandma on it.

Lol .... I have my Grandma and my poor old Mum and Dad on PRS as well ....

If you are right Uncle Sean, I will shout the bar when it moves!

 

[barney]

PS Trading Halt for REE .... Could end up ... up 48% for the day?? Nice.

 

[Dona Ferentes]

PS Trading Halt for REE .... Could end up ... up 48% for the day?? Nice.

out of TH yesterday

Rare earths mined in Africa could be shipped to Australia for processing under a joint venture uniting an ASX minnow, taxpayer-backed Iluka Resources and the US-aligned Kenyan government.

The deal is designed to boost the non-China supply of rare earths to the Western world in what Perth-headquartered RareX has described as a “Pearl Harbour moment” for US access to critical minerals.

Kenya has allowed a RareX-Iluka consortium to pitch for control of the Mrima Hill rare earths project near the coast, about 85km from Mombasa, on a sealed road with access to geothermal power.
.
RareX and Iluka Resources establish a consortium to apply for the Mrima Hill rare earth-niobium-phosphate-manganese project in Kenya and for the formation of a special purpose vehicle for its de-risking and development.
• Mrima Hill is a globally significant rare earth project in Kwale County in Kenya, less than 100km from Mombasa, 15km from the Indian Ocean coast, next to a sealed highway and close to geothermal power grids. It is also prospective for phosphate, niobium and manganese.
• Formal submission for Mrima Hill Rare Earths Project in Kenya has been made by the consortium to Kenya’s National Mining Corporation (...) to contemplate the formation of a joint venture with NAMICO.
• The SPV will allow for RareX to take the lead in the project focussing on community engagement, environmental protection and technical derisking through studies and field work, aligned to RareX’s skills and experiences, particularly from Cummins Range which is a similar style deposit and from which
learnings can be directly applied.
• If the proposal is successful, Iluka will be granted a 25% ownership in the SPV with RareX for at least a 20% economic interest in the project throughout the Prospecting Licence phase and until a Mining Licence is granted. RareX will fund all costs incurred by the Consortium until the Mining Licence is granted.
• The consortium agreement includes a binding conditional offtake term sheet with Iluka for all rare earth and heavy mineral product from Mrima Hill with rare earths having the potential to feed the Eneabba refinery facility in Western Australia, itself a coastal facility on the Indian Ocean. Eneabba is under construction and supported by an AU$1.65B Australian federal government non-recourse loan.