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Major Extension of Mineralisation at Depth Confirmed in Initial Drilling at Cummins Range


2022 drilling program off to a strong start, demonstrating the substantial scale of the deposit

HIGHLIGHTS

  • Significant visual mineralisation intersected in all three diamond holes drilled to date.

  • CDX0020 has intersected mineralisation 250m down-dip of CDX0016 (which intersected a cumulative total of 51m at 2.5% TREO) in the main fault position.

  • CDX0020 also finished in mineralisation, extending the known mineralisation to at least 500m below surface.

  • Logging of CDX0020 has been completed, with assays awaited.

  • Two drill rigs operating (one diamond and one RC rig) with further rig to arrive mid-June.

"We’ve made a great start to the 2022 program, building on our success in 2021. The drilling completed to date has exceeded our expectations and goes a long way to vindicating the Exploration Target we published earlier this year.


Importantly, we have already demonstrated that the scale of the system at depth is enormous, with the known dip extent of the mineralisation having effectively been doubled to 500m with hole CDX0020. This hole also suggests that there is no depth constraint to the mineralisation, which means that it could continue to grow with deeper drilling.


We are looking forward to receiving ongoing drilling results and assays from this pivotal drilling program, which we are confident will firmly establish Cummins Range as one of the largest new rare earth development projects in Australia.”


Jeremy Robinson Managing Director