RareX completes key environmental milestone

RareX Limited (ASX: $REE) has successfully finalized all critical environmental baseline studies for its 100%-owned Cummins Range Rare Earths & Phosphate Project in the Kimberley region of Western Australia. This achievement represents a significant step towards completing project approvals, with the next focus on securing a Heritage Agreement and completing a Pre-Feasibility Study (PFS).

Executive Commentary on Environmental Baseline Studies

RareX CEO, James Durrant, expressed satisfaction with the completion of the extensive environmental baseline surveys, highlighting that all aspects can be managed through standard operational plans. He emphasized that this milestone paves the way for RareX to engage with regulators to progress the next phase of regulatory approvals for the Cummins Range project.

Summary of RareX Announcement

RareX Limited (ASX: $REE) has successfully completed all critical environmental baseline studies for its Cummins Range Rare Earths & Phosphate Project, marking a significant advancement towards project approvals. The company is now focused on securing a Heritage Agreement and completing a Pre-Feasibility Study (PFS). The completion of these surveys is a key milestone and positions RareX to engage with regulators for the next phase of regulatory approvals. The project's main focus is now on securing product off-take agreements, which represents a critical component of the PFS. RareX anticipates that permitting can be completed within 12 months, and the company remains committed to producing a sustainable, ethical, and transparent rare earth and phosphate supply chain solution to support global mega-trends of population growth and electrification.