REE - RareX Limited

All boats rise when the tide comes in.

gg

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

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

Sean K said:

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

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love that word Potential. It's very forward looking

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

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

Garpal Gumnut said:

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

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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.

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.

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

Garpal Gumnut said:

All boats rise when the tide comes in.

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Tsunami pushing it 25% higher on resource upgrade

Garpal Gumnut said:

.Awaiting analysis after some drill holes.

Great potential for the preternatural potentates on ASF

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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.”

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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.