RareX Limited provided an update on the growth drilling program currently underway at its 100%-owned Cummins Range Rare Earths Project in the Kimberleys, Western Australia. The drilling is making excellent progress with a total of twenty six drill holes with ten diamond holes completed so far in the 2022 program. The ten diamond holes have been completed over a strike length of 500m, testing multiple mineralised positions to depths greater than 600m.

These holes, combined with the historical database, have been used to create a geological model. The model is constrained by drilling in the north-western portion of the 2km diameter pyroxenite carbonatite pipe. Over 50% of the pipe remains largely untested with less than 2,000m of sparsely drilled holes completed to less than 50m deep.

The geological model highlights the scale and quality of the Cummins Range deposit, as well as its substantial growth potential. The Cummins Range Resource 1 sits largely within the regolith overlying three sub-parallel carbonatite dykes that strike at 320 degrees and dip to the south-west at 55 degrees. The dykes range from 50m to over 200m wide and have proximal networks of carbonatite dykes generally less than 5m wide.

The high-grade regolith mineralisation sits above the central dyke and this has been named the Rare Dyke. The northern dyke is characterised at surface by high-grade phosphate mineralisation as previously announced in February and is named the Phos Dyke. The Pendent Dyke sits above the Rare Dyke.