RareX Limited advised that it has made an outstanding start to the 2022 resource drilling program at its 100%-owned Cummins Range Rare Earths Project in Western Australia, with initial drilling significantly extending the known mineralisation at depth. Since commencing drilling in late April, the Company's drilling contractors have completed 985m of diamond drilling and 1,074m of reverse circulation (RC) drilling at Cummins Range. The RC rig has been primarily tasked with drilling pre-collars and water monitoring bores for use as
part of the hydrological studies feeding into the ongoing technical studies. Significantly, the three diamond drill holes completed to date have been successful in extending the
mineralisation at Cummins Range at depth, with all holes intersecting visual mineralisation. This is an
outstanding result which confirms the substantial scale and quality of the Cummins Range REE
deposit. CDX0020 was drilled down-dip from CDX0016, drilled in 2021, which intersected multiple mineralised
zones comprising a cumulative total of 51m grading 2.5% TREO.