Significant Maiden JORC 2012 Inferred Resource of 13Mt at 1.13% TREO
Superior Geology and Mineralogy: Weathered carbonatite (same as Mt Weld) with mineral expression from surface.
Deposit outcrops and has dimensions amenable to low strip ratio open pit mining
Significant Exploration Upside: Resource remains open at depth and along strike.
Low CAPEX Strategy: RAREX's strategy is to sell a monazite concentrate to existing downstream refiners rather than a separated rare earths product.
The Cummins Range Project is located 130km southwest of Halls Creek in the East Kimberley Region of Western Australia and is one of two known rare earth deposits bearing carbonatites in Australia.
The known Resource occupies a small portion of the Cummins Range Intrusive Complex that is approximately 2km by 2km and this offers significant potential to expand the known Resource. Rare Earth Oxide mineralisation at Cummins Range occurs in a sub-horizontal geometry within a deeply weathered regolith which is developed over carbonatite and pyroxenite rocks.
Figure 1: llustrates the extent to which the Resource remains open along strike in multiple directions:
Figure 1 - Cummins Range Intrusive Complex
The deposit is likely amenable to simple low strip ratio open pit mining, it outcrops at surface, has dimensions of approximately 700m by 400m and on average is about 25m thick with mineralisation from surface in places to depth of only 75m as illustrated on the accompanying plans and cross sections.
Figure 3 illustrates that the deposit outcrops at surface and has dimensions conducive to open pit mining:
Figure 2 - Cummins Range Cross Section 307180Eit mining:
Figure 3 - Cummins Range Cross Section 307240E