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RareX Limited (ASX:REE)

ALERT: Price-sensitive ASX Announcement for REE
Current share price for REE : $0.014 0.004 (33.33%)+
Announcement
Release
31 Jul 2026 12:15PM
Price at Release
$0.011
Full Release
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Summary
RareX Limited's Quarterly Activities Report for the period ending 30 June 2026 outlines significant advancements in its exploration and development activities. The company reported high rare earth and phosphate recoveries at the Cummins Range project, marking a substantial progress in beneficiation processes. RareX advanced its Khaleesi Project to drill-ready status, with preparations for a maiden reverse circulation drilling program targeting rare earth elements and other minerals. Additionally, RareX, in consortium with Iluka Resources, progressed to the Request for Proposal stage for the Mrima Hill Project in Kenya, highlighting a potential second production-scale asset opportunity. Financially, the company reported net cash used in operating activities of AUD 784,000 and closed the quarter with AUD 4,084,000 in cash and cash equivalents.
Key Points
  • Highest rare earth and phosphate recoveries achieved at Cummins Range.
  • Khaleesi Project advanced to drill-ready status targeting REEs and niobium.
  • Progression to RFP stage for Mrima Hill Project with Iluka Resources.
  • Net cash used in operating activities was AUD 784,000.
  • Cash and cash equivalents at the end of the quarter was AUD 4,084,000.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.