お知らせ • Apr 11
Rarex Limited Provides Update on Cummins Range Mineral Resource Estimate Update
The RareX exploration team are seeing the same geological positions for mineralisation in each drilling campaign, suggesting RareX have a solid geological model. Drill spacing is considered appropriate to support an Inferred and Indicated Mineral Resource estimate. Then the samples are transported from Halls Creek to Perth via a reputable transport company., Audits or reviews, The results of any audits or reviews of sampling techniques and data., The competent person for the 2023 mineral resource estimate has audited the assay results with no issues reported. This information for all Material drillholes: easting and northing of the drillhole collar, elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar, dip and azimuth of the hole, downhole length and interception depth, hole length. If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case., announcement is in RareX's former name Sagon Resources Ltd., Details for drill holes drilled between 2019 and 2023 have been previously announced on the ASX between 2019 and 2023., Data aggregation methods, In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated., Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail., The assumptions used for any reporting of metal equivalent values should be clearly stated., Drill intercepts have been calculated using a weighted average. Recent geochemical modelling has established some hard and soft. boundaries that will confine grade to certain shapes., Drill holes completed in 2021-2023 (CRX0058-0149 and CDX0002-0052) were drilled at an right angle to the dominant orientation of the fresh rock rare earths mineralisation., Diagrams, Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported. These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views., Relevant diagrams are presented in the body of this report., Balanced reporting, Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results., Reported exploration results are considered balanced., Other substantive exploration data, Other substantive exploration data, Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances., The Cummins Range project is an advanced rare earths and phosphate project and RareX are in the process of gaining a mining licence. RareX have completed mineral resource estimates and scoping studies on the project. However, no previous work has included scoping studies on the project".