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RareX Limited (ASX:REE)

ALERT: Price-sensitive ASX Announcement for REE
Current share price for REE : $0.012 -0.024 (-66.67%)+
Announcement
Release
28 Oct 2025 9:23AM
Price at Release
$0.036
Full Release
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Summary
RareX Limited has reported significant high-grade gallium results at the Cummins Range Project in Western Australia, revealing the potential for gallium to become a major revenue stream alongside rare earth elements (REE) and scandium. The re-assaying program confirms the presence of high-grade gallium mineralization, coinciding with elevated REE and scandium grades, across multiple drill holes. This reinforces the strategic importance of the Cummins Range as a multi-element project. The company is focusing on the deportment and extraction processes of gallium to maximize the value within this polymetallic orebody. The Cummins Range deposit hosts a substantial mineral resource, with efforts ongoing to enhance its exploitation, potentially making it one of the most consistent and high-grade gallium datasets in Australia.
Key Points
  • High-grade gallium mineralization confirmed in Cummins Range.
  • Gallium found alongside high-grade REE and scandium.
  • Gallium could become a major revenue stream for Cummins Range.
  • Re-assaying results show consistent gallium enrichment.
  • Strategic importance of Cummins Range reinforced.
  • Focus on optimizing gallium extraction processes.
  • Cummins Range hosts significant multi-element resources.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.