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RareX Limited Commences Exploration at Mt Mansbridge with Promising Discoveries

Story Highlights
  • RareX Limited begins exploration at Mt Mansbridge, discovering a significant rare earth vein.
  • The project aims to meet rising demand for critical minerals essential for technology.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
RareX Limited Commences Exploration at Mt Mansbridge with Promising Discoveries

Elevate Your Investing Strategy:

RareX Limited ( (AU:REE) ) just unveiled an update.

RareX Limited has announced the commencement of exploration at the Mt Mansbridge Project, marking a significant milestone with the discovery of a 70-meter heavy rare earth-bearing quartz breccia vein. This discovery confirms the geological model of RareXploration, a subsidiary of RareX, and highlights the project’s potential in the rare earths sector. The Mt Mansbridge Project, located in Western Australia’s Kimberley region, is one of the few hard rock xenotime exploration projects in Australia and shares geological similarities with the nearby Browns Range Project. The ongoing exploration efforts aim to address the growing demand for critical minerals like dysprosium and terbium, essential for technological advancements.

More about RareX Limited

RareX Limited is a company operating in the mining industry, focusing on the exploration and development of rare earth elements. Their primary products include heavy rare earth elements, which are critical for next-generation technologies. The company is strategically positioned in the market to capitalize on the growing demand for these elements, driven by the energy transition and the rise in consumer electronics.

Average Trading Volume: 5,880,081

Technical Sentiment Signal: Hold

Current Market Cap: A$17.48M

Find detailed analytics on REE stock on TipRanks’ Stock Analysis page.

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