RareX announces significant update to Mt Mansbridge tenement package

RareX Limited (ASX:REE) has announced a significant update to its 100% owned Mt Mansbridge tenement package, revealing the uncovering of significant heavy rare earth potential. The Mt Mansbridge Project, which comprises one granted tenement and two applications, is now in the final process of granting following the completion of heritage agreements with the Tjurabalan native title holders. The re-assessment of data has led to the decision to commence exploration in the coming months.

RareX Managing Director, James Durrant, comments on the update

RareX Managing Director, James Durrant, expressed enthusiasm about the opportunity presented by the Mt Mansbridge Project, stating, 'RareX has been presented with a wonderful opportunity to find a high value dysprosium-terbium deposit. We are looking forward to exploring the number one location in Australia for heavy rare earths. The Mt Mansbridge Project is just down the road from our Cummins Range deposit and we look forward to a productive relationship with the Tjurabalan people.'

Summary of Mt Mansbridge Project update

RareX Limited (ASX:REE) has announced a significant update to its Mt Mansbridge tenement package, revealing the uncovering of significant heavy rare earth potential. The Project, located 40km from the Browns Range heavy rare earths deposits, has confirmed the presence of hydrothermal xenotime mineralisation within a larger heavy rare earth soils anomaly proximal to an unconformity, similar to Browns Range. The company's Managing Director, James Durrant, expressed excitement about the opportunity and the proximity of the Mt Mansbridge Project to their Cummins Range deposit. The upcoming exploration is expected to provide further insights into the potential of the Project, and RareX will continue to develop and optimize its portfolio of carbonatite related prospects.