June 2020 Quarterly Activities Report

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


  • 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\