HIGHLIGHTS
RareX in robust financial position
Approximately A$1.8 million in cash
9.9% ownership of listed equity in TSXV-listed Kincora Copper Limited
Equity holding in Kincora valued at A$0.5 million to A$1.0m million
RareX 35% free carried interest in upcoming NSW East Lachlan Fold drill program led by expert team at Kincora Copper which is well-funded with circa C$3.5 million in cash
Material cost saving initiatives implemented
25% reduction in RareX staff and Board fees and salaries
25% reduction in RareX administrative costs
SEE FULL ASX ANNOUNCEMENT HERE