Cummins Range
Flagship Project

“Rare X has the potential to become a near term producer of phosphate fertilizer products on a pathway to Rare Earths.

“I joined to help RareX define it’s product roadmap and to place products into the fertilizer industry.

“By getting this right at the beginning of the project I can foresee the journey to Rare Earths becoming lower risk, lower capital and more sustainable.” 

Danny Goeman

Non-Executive Director

Cummins Range Deposit Remote but Well Connected

Deposit location snap-shot

130km SW of Halls Creek
access via Tanami Road

Deposit at surface
ease of exploration

Jaru traditional owners
consulted and supportive

Part of the Great Sandy Desert
on unused pastural lease

Connected to Wyndham Port
via established minerals corridor

“this new resource reframes the project as one of Australia’s most significant rare earth projects”


Non-Executive Director

2023 JORC Resource

519.3Mt:

4.6% P₂O₅; 0.32% TREO

24Mt

P₂O₅ contained

1.6Mt

TREO contained

Basis of Resource

Estimated by industry experts at CSA Global

Phosphate CoG used to capture the extensive Phosphate mineralisation and low to high-grade rare-earths

c. 70Mt of Indicated resource located within the regolith, top 100m

Highlights

Large igneous, low deleterious, Phosphate deposit discovered from surface

High grade Rare Earth core still remains: concentrated around the Dykes: +50Mt at >1% TREO

Underlying fresh rock resource with higher-grade Rare Earths and favourable mineralogy

Sources:
ASX Announcement  01 May 2023

Resource Comparison Highlights Cummins Range

“Cummins Range has become Australia’s largest undeveloped Rare Earth deposit”

Fast Track to Operations

with Phosphates De-risking Roadmap to Rare Earths

3 Project Stages

Stage 1: DSO

Organic rock phosphate
High bioavailability
Resource from surface

Stage 2: Phos

Phosphate concentrate
Low deleterious elements
Significant volumes

Stage 3: RE

RE and Phosphate concentrate
Beneficiation plant upgrade
Value chain growth

Strategic Advantages

Existing infrastructure bulk ready with road and port

Local product placement opportunities

Rare Earth overburden is monetised

Clean igneous phosphate; low in potentially toxic elements

Simple benefaction to high grades

Benefaction plant likely suitable for Stage 3

RE-Phos con with pay ability of RE credits

Suitable for sale to existing refineries; or

Feed to RareX own refinery

3 Product Types

1: DSO

Local and National
Growing market on the project doorstep
MOU with OrdCo and market strategy underway
Potential for Organic product certification

2: Phos Con

South East and East Asia
Existing acid plant operators
Supplies the synthetic fertiliser and LFP markets 
Engaging in target product placement support

3: RE-P Concentrate

South East and East Asia
Existing acid plant operators
Supplies the synthetic fertiliser and LFP markets 
Engaging in target product placement support

Infrastructure in Place

Ready for Bulk Operations and Future Processing

Fundamentally Good Infrastructure

1: A road network becoming sealed from mine to port

2: An established port rising in stature

3: Reticulated hydro electric power to 2 industrial locations


Enabling the Proposed Approach 

Bulk commodities need good transport corridors, efficient ports

Speed to market needs established infrastructure, with spare capacity and ready markets

Processing facilities need access to low-cost power and water

“good existing infrastructure and a market on the doorstep is a real luxury”


Mineral Corridor in Place

Sealed Roads being Installed

Mine to Tanami

50km of station fence-line

Miscellaneous License process about to commence, heritage agreement includes road

Local Aboriginal companies from Jaru and Gilganyem to participate in installation; quotes received

Phased build up from track to all weather track to product haul road

Great Northern Highway

390km of existing sealed highway

Linking The Tanami turn off to Wyndham Port

Past Halls Creek, ADM

Tanami Road

95km of existing gravel highway

Creek crossings and sealing commencing this year

Progressive construction by year driven by Main Roads WA and the Shire with State and Federal support

Opportunity to utilise pre-mobilized equipment and plant for Project

“the sealing of the Tanami Road helps, but doesn’t enable our Project”

Port Wyndham

Bulk Ready

Good facilities

Managed by CGL with operations for haulage, fuel, and roll on roll off among others

Vacant land primed for industrial development

Mineral loading infrastructure already in place – owned by others

Transshipment operations conducted regularly

Deep water offshore anchorage

Strategic Upgrades

KPA applied to Commonwealth Government for POFE

Collaborating group of future users across agriculture and mining advocating for higher status

Tactical Integration

MOU with Agrimin (ASX: AMN) to develop integrated infrastructure may short-cut development

Securing requisite industrial land for RareX infrastructure

Completion of studies with Horizon Power for 8MW for future processing

RareX Port Development

In basic alignment to the 3 Stages of Project development:

Bulk handing infrastructure

Mineral separation

Mineral processing – RE and P

Lake Argyle – Hydro Plant

Optionality for a Low Carbon Operation

Ord River Hydroelectric Power Station

Power generated at the Ord River Hydroelectric Power Station is reticulated to the ADM site and to Wyndham Port.

Since the closure of Rio Tinto’s Argyle Diamond Mine generation capacity exists in the PacificHydro owned facility. 

RareX in discussions with Pacific Hydro and Rio Tinto regarding options now and in the future

 

Optionality for low carbon facilities

Electrified haulage fleets  – Study work scoped

Brownfield infrastructure at the old Argyle Diamond Mine site for magnetic mineral separation

Processing facilities at Wyndham with high renewable penetration and augmentation

Market Information

2 Global Mega Trends

Food Security

Population growth
Another 1.7B people by 2050 to a total of 9.7B

Depleting soils
Intensive farming and inefficient applications

Local demand
Kununurra agricultural sector pastoral cattle licks

LFP Batteries
Doubled market penetration last year

Strategic Drivers 
Constrained supply – Russia

Export loss resulted in a global supply shortfall

The Electric Revolution

Wind farms
200kg NdPr per MW of turbine Net Zero goals by 2050

Electric Vehicles
1kg NdPr per vehicle
$1T invested in electrification
Net Zero goals by 2050

Consumer electronics
Population growth and increased technology

Strategic Drivers
Concentrate supply – China
Government mandates for independent supply chains