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RareX Limited ( (AU:REE) ) has shared an announcement.
RareX Limited has announced promising results from its first phase of exploration at the Mt Mansbridge heavy rare earths project. The exploration has identified multiple mineralised veins and high-grade total rare earth oxides (TREO) at the Sigma Prospect, with significant concentrations of heavy rare earth oxides (HREO) and dysprosium-terbium (DyTb). These findings highlight the potential of Mt Mansbridge to host significant hard rock HRE deposits, aligning with the mineralisation style found at Northern Minerals Browns Range. This development could enhance RareX’s industry positioning by expanding its resource base and offering potential growth opportunities for stakeholders.
More about RareX Limited
RareX Limited is a company operating in the mining industry, focusing on the exploration and development of heavy rare earth elements. Their primary market focus is on identifying and exploiting high-grade rare earth deposits.
Average Trading Volume: 3,935,656
Technical Sentiment Signal: Sell
Current Market Cap: A$18M
See more data about REE stock on TipRanks’ Stock Analysis page.