RareX

RareX Limited (ASX: REE) is a Perth-based critical-minerals development company advancing the Cummins Range Rare Earths and Phosphate Project in the Kimberley region of Western Australia. The project is Australia’s largest undeveloped rare-earth deposit, hosting indicated and inferred resources of about 519 million tonnes grading 0.32% total rare-earth oxides and 4.6% phosphate, for roughly 1.6 million tonnes of contained TREO and 24 million tonnes of phosphate. The carbonatite-hosted deposit contains magnet rare-earth elements including neodymium and praseodymium used in electric-vehicle motors, alongside a large phosphate endowment suited to LFP battery cathodes and fertilizer. RareX is pursuing a dual rare-earth and battery-grade phosphate development strategy, prioritizing phosphate while advancing studies on its rare-earth potential. The company positions Cummins Range as a long-life, non-Chinese source of magnet metals and critical minerals for global EV and energy-transition supply chains.