Strong progress across key exploration projects in NSW and WA and well-supported capital raising position RareX for a potentially transformational second half of 2020
HIGHLIGHTS
Drilling commenced at the Trundle Copper-Gold Project, NSW under the JV with Kincora Copper
First diamond hole intersected multiple significantly mineralised skarn zones at the Trundle Park target, including several broad high-grade intercepts
Kincora reported strong encouragement from initial drilling at the Mordialloc Target, demonstrating proximity to the core of the porphyry system
Drilling is continuing with two holes currently targeting the interpreted centre of the porphyry
6,000m RC drill program commenced at the 100%-owned Cummins Range Rare Earth Project subsequent to quarter-end, the first drilling at the project in almost 10 years
Highly experienced mining executive Cameron Henry appointed as a non-executive Director
Strongly supported $2.3m capital raising completed at $0.05 per share\