RareX Limited (AU:REE) has released an update.
RareX Limited has announced a promising agreement to explore the Piper Project in Australia’s Northern Territory, targeting a high-potential niobium-rare earths carbonatite pipe. The company has designed a low-risk and high-reward deal structure, committing to fund project development up to the decision-to-mine stage, with the project complementing RareX’s existing exploration portfolio. Surrounding land applications by WA1 Resources underscore the region’s prospectivity for niobium, phosphate, and rare earth elements.
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