RareX Limited (AU:REE) has released an update.
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RareX Limited has successfully secured a land access and heritage agreement for its Khaleesi Project with the native title holders, enabling the company to commence exploration drilling anticipated in October. The agreement involves the issuance of 1 million RareX Shares to the native title holders and marks a significant step towards exploring the project’s potential for niobium and rare earth elements. The Khaleesi Project, geologically proximate to significant mining projects, has shown promise in previous drilling data for niobium and rare earth enrichment.
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