RareX Strategic Partnership with Noble Holdings' Talaxis Technical Unit 


HIGHLIGHTS


  • Talaxis, a specialist rare earths project developer, becomes strategic partner and shareholder of RareX

  • Talaxis is a wholly-owned subsidiary of Noble Group Holdings Limited

  • Noble Group Holdings is Asia’s leading independent energy products and industrial raw materials supply chain manager

  • Noble Group Holdings operates in 50 countries with annual revenues in excess of US$2.5 billion1

  • Cummins Range has a JORC 2012 Inferred Resource of 13.0Mt at 1.13% TREO hosted in a weathered carbonatite similar to the world-class Mt Weld deposit owned by Lynas Corporation

  • Cummins Range has potential for high Neodymium and Praseodymium (NdPr) enrichment, two critical rare earth elements integral to the manufacture of EVs and wind turbines

  • Talaxis to assist RareX in securing offtakes, supply chain associates and strategic partners to develop its 100% owned Cummins Range Rare Earths Project

  • Partnership aligns with RareX’s low CAPEX strategy to produce a monazite rare earth concentrate for export to satisfy existing downstream processing capacity in China


Read Full ASX Announcement here



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