Mining
RareX (ASX:REE) is a rare earths company focusing on developing the Cummins Range Project in Western Australia which it acquired in September 2019.
The Cummins Range Project is located 130km southwest of Halls Creek in the Kimberley Region of Western Australia and is one of two known rare earth bearing carbonatites in Australia with the other being Mt Weld owned by Lynas Corporation Ltd.
Cummins Range has potential for high Neodymium and Praseodymium (“NdPr”) enrichment which are critical elements in the manufacture of rare earth permanent magnets used in electric vehicles, wind turbines and advanced weapon systems.
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