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RareX Limited ( (AU:REE) ) just unveiled an announcement.
RareX Limited has secured an access agreement with Deep Yellow’s subsidiary, Narnoo Mining, to facilitate the granting of licenses E39/2410 and E39/2415, and has been granted licenses E39/2495 and E39/2496, under the Department’s recent notification period. This development allows RareX to proceed with an optimised exploration program targeting carbonatite intrusions at the Khaleesi Project. With preparations including reconnaissance and heritage surveys underway, the company is poised to commence high-impact drilling initiatives once seasonal conditions permit, enhancing its strategic positioning in the rare earths sector.
More about RareX Limited
RareX Limited operates in the mining industry, focusing on the exploration and development of rare earth and niobium resources. The company is actively engaged in projects such as the Khaleesi Rare Earth and Niobium Project, which is geologically linked to significant projects like the Mt Weld project and the Ponton Dyke.
Average Trading Volume: 719,741
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$8.01M
For a thorough assessment of REE stock, go to TipRanks’ Stock Analysis page.
