RareX launches aggressive exploration program at Khaleesi targeting niobium and rare earths potential

Small Caps06-05

RareX (ASX: REE) has mapped out an aggressive exploration program to test its new Khaleesi niobium-rare earths project in Western Australia. The company acquired Khaleesi, located in the East Yilgarn ...

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class=\"title\">\nRareX launches aggressive exploration program at Khaleesi targeting niobium and rare earths potential\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-05 11:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://smallcaps.com.au/rarex-exploration-program-khaleesi-targeting-niobium-rare-earths/><strong>Small Caps</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>RareX (ASX: REE) has mapped out an aggressive exploration program to test its new Khaleesi niobium-rare earths project in Western Australia.\nThe company acquired Khaleesi, located in the East Yilgarn ...</p>\n\n<a href=\"https://smallcaps.com.au/rarex-exploration-program-khaleesi-targeting-niobium-rare-earths/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7095","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://smallcaps.com.au/rarex-exploration-program-khaleesi-targeting-niobium-rare-earths/","article_id":"2441890218","we_media_id":null,"thumbnails":["https://cdn.shortpixel.ai/client/w_868,q_lossy,to_auto,ret_wait/https://150309019.v2.pressablecdn.com/wp-content/uploads/2024/06/RareX-ASX-REE-Khaleesi-Cummins-Range.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2441890218","pubTimestamp":1717557375,"sourceInfo":{"source_id":"smallcap_stock","name":"Small Caps"},"weMediaInfo":null,"summary":"RareX  has mapped out an aggressive exploration program to test its new Khaleesi niobium-rare earths project in Western Australia.The company acquired Khaleesi, located in the East Yilgarn region 290 kilometres north-east of Kalgoorlie, in late May and is preparing to undertake a targeted, large-scale drill program in the second half of 2024.RareX’s well-funded exploration campaign will commence in the third quarter with a plan to utilise field mapping, sampling and infill geophysics to identify targets for drilling in Q4.RareX’s studies have identified that Khaleesi has the correct geochemical signatures to potentially host highly sought-after niobium, with similar alkaline complexes proven to be breeding grounds for niobium and rare earths mineralisation.RareX released an updated mineral resource estimate for Cummins Range in late January 2024, noting the project contains Australia’s largest undeveloped rare earths deposit and the second-largest rare earths deposit overall, with a si","collect":0,"end_time":0,"defaultTopTitle":"smallcaps.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7095":"多种金属与采矿","ENR.AU":"ENCOUNTER RESOURCES LTD","REE.AU":"RAREX LTD","SUM.AU":"SUMMIT MINERALS LTD","WA1.AU":"WA1 Resources Ltd","RCR.AU":"RINCON RESOURCES LTD"},"translate_title":"RareX在卡丽熙启动积极的勘探计划，瞄准铌和稀土潜力","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ENR.AU":1,"RCR.AU":1,"REE.AU":1,"SUM.AU":1,"WA1.AU":1},"content_text":"RareX (ASX: REE) has mapped out an aggressive exploration program to test its new Khaleesi niobium-rare earths project in Western Australia.\nThe company acquired Khaleesi, located in the East Yilgarn region 290 kilometres north-east of Kalgoorlie, in late May and is preparing to undertake a targeted, large-scale drill program in the second half of 2024.\nRareX’s well-funded exploration campaign will commence in the third quarter with a plan to utilise field mapping, sampling and infill geophysics to identify targets for drilling in Q4.\nIntrusive complex\nThe company believes the 1,000 sq km project has district-scale potential after it discovered an intrusive complex 20km in diameter using historical drill data coupled with a detailed assessment of geophysics.\nRareX’s studies have identified that Khaleesi has the correct geochemical signatures to potentially host highly sought-after niobium, with similar alkaline complexes proven to be breeding grounds for niobium and rare earths mineralisation.\nCummins Range resource\nThe company is also planning to follow up on a high-value niobium resource at its Cummins Range rare earths project in WA.\nRecent baseline studies have further confirmed the value of the growing niobium portion of the deposit.\nRareX released an updated mineral resource estimate for Cummins Range in late January 2024, noting the project contains Australia’s largest undeveloped rare earths deposit and the second-largest rare earths deposit overall, with a significant potential source of niobium.\nGrowing market\nThe dual niobium project opportunity comes at a time when the critical metals market is attracting growing interest around the world.\nThe niobium market is forecast to grow at a 9.92% compound annual growth rate, with the price of the critical metal set to further increase with rising demand for its use in modern technologies, most notably its capacity to improve battery performance.\nPositive price impact\nThe recent discovery of niobium has already had a positive impact on a number of ASX-listed companies.\nWA1 Resources (ASX: WA1) saw its share price climb 500% over 12 months, Encounter Resources (ASX: ENR) had a 60% share price jump after niobium drilling and mineralisation announcements from June 2023, Summit Minerals (ASX: SUM) recorded a 50% share price increase for niobium, rare earth elements and lithium project acquisitions and Rincon Resources (ASX: RCR) recorded a 170% share price increase in one month post a rare earth element and niobium mineral target announcement.\nWhile RareX prepares to test the exciting potential identified at Khaleesi, it has a major focus on bringing Cummins Range to market, targeting offtake as a catalyst to final definition and development.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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