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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.