Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

RAREX LIMITED Interim / Quarterly Report 2019

Jan 29, 2020

65681_rns_2020-01-29_cf64d05f-757d-4625-b751-66ee06335a04.pdf

Interim / Quarterly Report

Open in viewer

Opens in your device viewer

30 January 2020

==> picture [150 x 55] intentionally omitted <==

ASX / MEDIA ANNOUNCEMENT

December 2019 Quarterly Report

HIGHLIGHTS

  • 13.0mt at 1.13% TREO Maiden JORC 2012 Inferred Resources announced for Cummins Range Rare Earth Project

  • Passive Seismic Survey completed highlighting multiple new drill targets to extend known resources

  • Acquisition of Weld North Project approximately 84km north of world class Mt Weld Rare Earths Mine

  • Key personnel appointments made

  • Company name changed to RareX limited (ASX: REE)

  • $2m in cash following successful institutional placement

Cummins Range Rare Earth Project

During the quarter the company released its maiden JORC Inferred Resource of at the Cummins Range project and begun exploration following the execution of Heritage Agreement with the Jaru People.

JORC 2012 Resource (see ASX Release 15[th] October 2019)

As announced on the 14th October The Maiden 2012 Inferred Mineral Resource for Cummins Range has been estimated at 13.0Mt at 1.13% Total Rare Earth Oxides (“TREO”) comprising 147,000,000 kg TREO using a cut-off grade of 0.5% TREO.

The Resource was compiled by leading Perth based mining and resource consultants Auralia Mining Consultants. It is based on historical drilling completed by previous operators in 2007 and 2011. These historical exploration results have been reviewed and are now reported in accordance with JORC 2012 standards.

The Resource is currently classified as Inferred due to density measurements taken by previous operators being restricted to the NW quadrant of the Resource and on general a 50m by 40m drill spacing. Further density measurements on the diamond drill core will be taken as part of the upcoming drill program to assist in upgrading part of the resource to the Indicated category following infill drilling planned for next year.

Passive Seismic Survey (see ASX Release 30[th] January 2020)

In December 2019, RareX undertook a passive seismic survey at its Cummins Range Project to search for both extensions along strike and at depth of the known JORC Resource. Areas of higher REE grades at Cummins Range are typically a result of upgrading due to weathering. The mineral monazite contains the rare earth elements and is resistive to weathering. As the surrounding mafics and carbonates are weathered over time the monazite remains and is concentrated

RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756

==> picture [150 x 55] intentionally omitted <==

producing weathering profiles with high monazite concentrations and REE intersections up to 41m @ 3.85% in hole KRC112 (ASX release 15th October 2019). The passive seismic survey was used to identify deeper weathering in the carbonatite complex which will help to target future drilling. A total of 992 stations were surveyed in December 2019 on 100m spaced north south lines at 25m intervals.

The survey has identified deep weathering profiles continuing to the east, west and north of the current defined resource area. These areas have been named Eastern, Western and Northern Target areas. An area south of the current JORC Resource has also been identified, known as the Southern Target. These areas are show in Figure 1.

==> picture [314 x 292] intentionally omitted <==

Figure 1 - Passive Seismic Survey depth to fresh rock contour map, Background image Airborne Magnetics TMI 1VD PSC, MGA Zone 52

RareX considers the Western and Eastern Targets as high-priority drill targets due to the presence of high-grade drill results at the edges of the adjoining delineated JORC Resource.

Weld North Project (see ASX Release 12[th] December 2019)

The project is located north of Laverton in Western Australia covering a large, circular magnetic anomaly prospective for being caused by a carbonatite intrusive complex similar to those that host the majority of the World's existing rare earth element production, including the world class Mt Weld mine owned by Lynas Corporation Limited and RareX’s Cummins Range Rare Earth Project both of which are located in Western Australia.

The Weld North Project is defined by a circular magnetic anomaly target located entirely within RareX’s exploration license application E38/3455 and its location 84 kilometers directly north of

RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756

==> picture [150 x 55] intentionally omitted <==

the Mt Weld carbonatite-hosted rare earth element ( REE ) deposit held by Lynas Corporation Limited (ASX: LYC, Mkt Cap A$1.5bn).

==> picture [350 x 249] intentionally omitted <==

Figure 2: Airborne magnetic anomaly image showing the Weld North circular anomaly which RareX consider to be prospective for being caused by a REE-bearing circular carbonatite intrusive complex or a barren late stage granite intrusive and sitting below regolith cover which masks the buried bedrock source for this magnetic anomaly.

The circular shape and size comparison to Mt Weld indicates that the Weld North magnetic anomaly is highly prospective for a significant rare earths’ discovery (Figure 3). RareX is committed to exciting green fields exploration targets like Weld North as it continues to progress its flagship Cummins Range Project Rare Earths Project towards production.

==> picture [452 x 185] intentionally omitted <==

Figure 3: Comparison of airborne magnetic anomaly images of the Mt Weld REE mineralised carbonatite (left) and RareX Weld North magnetic target (right), shown as black and white 1st derivative filtered images.

RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756

==> picture [150 x 55] intentionally omitted <==

NSW Copper-Gold Projects

RareX continued its review of its NSW tenements in the December quarter.

Morocco Cobalt Projects

No further work was undertaken on the Moroccan projects during the December quarter.

Corporate

Institutional Placement

During the quarter, RareX announce it raised $1.25m (before costs) in a share placement comprising the issue of 20,833,334 ordinary new shares in the Company at an issue price of 6¢ per share.

Key appointments

During the quarter announced it has made the following key appointments to its technical team in order to accelerate the development of the Cummins Range Rare Earths Project in Western Australia.

Mr Gavin Beer – Lead Consultant Metallurgist

Mr Gavin Beer has more than 30 years’ experience in technical and operational roles in the mining industry with the last 12 being exclusively within the Rare Earth and Technology Metals sector. Mr Beer is a Chartered Professional and a Member of the Australian Institute of Mining and Metallurgy and is qualified as a Competent Person for both JORC and NI 43-101 reporting with respect to his metallurgical expertise.

Mr Beer has been responsible for the development of flow sheets for 8 rare earth projects globally and is recognised as one of the world’s preeminent metallurgical experts in the rare earth industry.

Mr Guy Moulang – Head of Exploration

Mr Guy Moulang has more than 15 years’ experience in technology metals, base metals and gold exploration. Mr Moulang has a Bachelor of Science from James Cook University and is a Member of the Australian Institute of Geoscientists (AIG).

Name Change

During the quarter, the Company changed its name and ASX code to RareX Limited (ASX: REE).

Cash

The Company retains approximately A$2m in cash and is well funded for its proposed exploration activities. See cashflow report.

RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756

==> picture [150 x 55] intentionally omitted <==

This quarterly report has been approved for release by the Board of RareX Limited.

For further information, please contact:

Jeremy Robinson Executive Director

Competent person’s statement

The information in this announcement that relates to Inferred Mineral Resources and Exploration Results was first reported by the Company on 15 October 2019 and 30 January 2020. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements, and in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.

RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756

==> picture [150 x 55] intentionally omitted <==

Appendix 1: RareX Limited Interests in Mining Tenements

The following information is provided pursuant to Listing Rule 5.3.3 for the quarter ended 31 December 2019.

During the quarter, the Company applied for the Cummins Range Extension (E80/5092), Weld North (E80/3455) and Mt Mansbridge (E80/5430) tenements and was granted the Payne’s Find (E59/2395) tenement.

The Company advises that no interests were disposed of during the quarter.

Australian Tenement Schedule Australian Tenement Schedule
State Project Lease No RareX interest Note
WA Cummins Range E 80/5092 100%
WA Cummins Range Extension E80/5092 100% Application
WA Payne’s Find E59/2395 100%
WA Weld North E38/3455 100% Application
WA Mt Mansbridge E80/5430 100% Application
WA Hong Kong EL 47/3566 30%
NSW Condobolin EL 7748 100%
NSW Cundumbul EL 6661 100%
NSW Fairholme EL 6552 100%
NSW Fairholme EL 6915 100%
NSW Orange East EL 8442 100% Alkane earning 60%
NSW Trundle EL 8222 100%
NSW Jemalong EL 8502 100%
Austrian Tenement Schedule – Leogang - RareX First Austrian Tenement Schedule – Leogang - RareX First Priority Priority
Designation Reference Cadastral Municipalities
Meridian Centre in the Cadastral Municipality Other Cadastral Municipality Concerned
51/17/S (CLY-LEOG-003) M 31 Schwarzleo
56/17/S (CLY-LEOG-008) M 31 Schwarzleo Sonnberg, Pirzbichl
57/17/S (CLY-LEOG-009) M 31 Schwarzleo Grießen
58/17/S (CLY-LEOG-010) M 31 Schwarzleo Grießen
64/17/S (CLY-LEOG-016) M 31 Schwarzleo Grießen
68/17/S (CLY-LEOG-020) M 31 Grießen
71/17/S (CLY-LEOG-023) M 31 Grießen
74/17/S (CLY-LEOG-026) M 31 Grießen Hoch filzen
78/17/S (CLY-LEOG-030) M 31 Schwarzleo
79/17/S (CLY-LEOG-031) M 31 Schwarzleo Saalbach
80/17/S (CLY-LEOG-032) M 31 Schwarzleo Saalbach
81/17/S (CLY-LEOG-033) M 31 Schwarzleo Grießen, Hoch filzen, Fieberbrunn
82/17/S (CLY-LEOG-034) M 31 Schwarzleo Saalbach
83/17/S (CLY-LEOG-035) M 31 Schwarzleo Fieberbrunn
84/17/S (CLY-LEOG-036) M 31 Schwarzleo Fieberbrunn, Saalbach
85/17/S (CLY-LEOG-037) M 31 Fieberbrunn
86/17/S (CLY-LEOG-038) M 31 Fieberbrunn Hoch filzen
87/17/S (CLY-LEOG-039) M 31 Fieberbrunn
88/17/S (CLY-LEOG-040) M 31 Fieberbrunn
89/17/S (CLY-LEOG-041) M 31 Fieberbrunn
90/17/S (CLY-LEOG-042) M 31 Fieberbrunn Saalbach
91/17/S (CLY-LEOG-043) M 31 Fieberbrunn
92/17/S (CLY-LEOG-044) M 31 Fieberbrunn
93/17/S (CLY-LEOG-045) M 31 Fieberbrunn
94/17/S (CLY-LEOG-046) M 31 Fieberbrunn
95/17/S (CLY-LEOG-047) M 31 Fieberbrunn Saalbach
96/17/S (CLY-LEOG-048) M 31 Fieberbrunn
98/17/S (CLY-LEOG-050) M 31 Fieberbrunn

RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756

==> picture [150 x 55] intentionally omitted <==

99/17/S (CLY-LEOG-051) M 31 Fieberbrunn Saalbach
101/17/S (CLY-LEOG-053) M 31 Fieberbrunn
103/17/S (CLY-LEOG-055) M 31 Fieberbrunn
104/17/S (CLY-LEOG-056) M 31 Fieberbrunn
105/17/S (CLY-LEOG-057) M 31 Fieberbrunn
106/17/S (CLY-LEOG-058) M 31 Fieberbrunn
107/17/S (CLY-LEOG-059) M 31 Fieberbrunn
108/17/S (CLY-LEOG-060) M 31 Fieberbrunn
109/17/S (CLY-LEOG-061) M 31 Fieberbrunn
110/17/S (CLY-LEOG-062) M 31 Fieberbrunn
111/17/S (CLY-LEOG-063) M 31 Fieberbrunn
112/17/S (CLY-LEOG-064) M 31 Fieberbrunn
114/17/S (CLY-LEOG-066) M 31 Fieberbrunn
115/17/S (CLY-LEOG-067) M 31 Fieberbrunn
116/17/S (CLY-LEOG-068) M 31 Fieberbrunn
117/17/S (CLY-LEOG-069) M 31 Fieberbrunn
118/17/S (CLY-LEOG-070) M 31 Fieberbrunn
119/17/S (CLY-LEOG-071) M 31 Fieberbrunn
120/17/S (CLY-LEOG-072) M 31 Fieberbrunn
121/17/S (CLY-LEOG-073) M 31 Fieberbrunn
122/17/S (CLY-LEOG-074) M 31 Fieberbrunn
123/17/S (CLY-LEOG-075) M 31 Fieberbrunn
124/17/S (CLY-LEOG-076) M 31 Fieberbrunn
125/17/S (CLY-LEOG-077) M 31 Fieberbrunn
126/17/S (CLY-LEOG-078) M 31 Fieberbrunn
127/17/S (CLY-LEOG-079) M 31 Fieberbrunn
128/17/S (CLY-LEOG-080) M 31 Fieberbrunn
129/17/S (CLY-LEOG-081) M 31 Fieberbrunn
130/17/S (CLY-LEOG-082) M 31 Fieberbrunn
131/17/S (CLY-LEOG-083) M 31 Fieberbrunn
132/17/S (CLY-LEOG-084) M 31 Fieberbrunn
133/17/S (CLY-LEOG-085) M 31 Fieberbrunn
134/17/S (CLY-LEOG-086) M 31 Fieberbrunn
135/17/S (CLY-LEOG-087) M 31 Fieberbrunn
136/17/S (CLY-LEOG-088) M 31 Fieberbrunn
137/17/S (CLY-LEOG-089) M 31 Fieberbrunn Aurach
138/17/S (CLY-LEOG-090) M 31 Fieberbrunn Aurach
139/17/S (CLY-LEOG-091) M 31 Fieberbrunn
140/17/S (CLY-LEOG-092) M 31 Fieberbrunn
141/17/S (CLY-LEOG-093) M 31 Fieberbrunn Saalbach
142/17/S (CLY-LEOG-094) M 31 Fieberbrunn
143/17/S (CLY-LEOG-095) M 31 Hochfilzen Grießen
144/17/S (CLY-LEOG-096) M 31 Hochfilzen Grießen
145/17/S (CLY-LEOG-097) M 31 Fieberbrunn Saalbach
146/17/S (CLY-LEOG-098) M 31 Fieberbrunn
147/17/S (CLY-LEOG-099) M 31 Fieberbrunn
148/17/S (CLY-LEOG-1OO) M 31 Fieberbrunn
Austrian Tenement Schedule – Kitzbuhel - RareX First Priority Austrian Tenement Schedule – Kitzbuhel - RareX First Priority Austrian Tenement Schedule – Kitzbuhel - RareX First Priority Austrian Tenement Schedule – Kitzbuhel - RareX First Priority
Designation Reference Cadastral Municipalities
Meridian Centre in the Cadastral Municipality Other Cadastral MunicipalityConcerned
38/17/T (CLY- KITZ-001) M 31 Fieberbrunn
39/17/T (CLY- KITZ -002) M 31 Fieberbrunn
40/17/T (CLY- KITZ -003) M 31 Fieberbrunn
41/17/T (CLY- KITZ -004) M 31 Fieberbrunn
42/17/T (CLY- KITZ-005) M 31 Fieberbrunn
43/17/T (CLY- KITZ-006) M 31 Fieberbrunn
44/17/T (CLY- KITZ -007) M 31 Fieberbrunn
45/17/T (CLY- KITZ -008) M 31 Fieberbrunn

RareX Limited

Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756

==> picture [150 x 55] intentionally omitted <==

46/17/T (CLY- KITZ -009) M 31 Fieberbrunn
47/17/T (CLY- KITZ-010) M 31 Fieberbrunn
48/17/T (CLY- KITZ -011) M 31 Fieberbrunn
49/17/T (CLY- KITZ-012) M 31 Fieberbrunn
50/17/T (CLY- KITZ-013) M 31 Fieberbrunn
51/17/T (CLY- KITZ-014) M 31 Fieberbrunn
52/17/T (CLY- KITZ -015) M 31 Fieberbrunn
53/17/T (CLY- KITZ -016) M 31 Fieberbrunn
54/17/T (CLY- KITZ -017) M 31 Fieberbrunn
55/17/T (CLY- KITZ -018) M 31 Fieberbrunn
56/17/T (CLY- KITZ-019) M 31 Fieberbrunn
57/17/T (CLY- KITZ-020) M 31 Fieberbrunn
58/17/T (CLY- KITZ-021) M 31 Fieberbrunn
59/17/T (CLY- KITZ-022) M 31 Fieberbrunn
60/17/T (CLY- KZTZ-023) M 31 Fieberbrunn Aurach
61/17/T (CLY- KITZ-024) M 31 Fieberbrunn Aurach
62/17/T (CLY-KITZ-025) M 31 Fieberbrunn Aurach
63/17/T (CLY-KITZ-026) M 31 Fieberbrunn Aurach
64/17/T (CLY-KITZ-027) M 31 Fieberbrunn Aurach
65/17/T (CLY-KITZ-028) M 31 Fieberbrunn
66/17/T (CLY-KITZ-029) M 31 Fieberbrunn
67/17/T (CLY-KITZ-030) M 31 Fieberbrunn
68/17/T (CLY-KITZ-031) M 31 Fieberbrunn Aurach
69/17/T (CLY-KITZ-032) M 31 Fieberbrunn Aurach
70/17/T (CLY-KITZ-033) M 31 Aurach
71/17/T (CLY-KITZ-034) M 31 Fieberbrunn
72/17/T (CLY-KITZ-035) M 31 Fieberbrunn
73/17/T (CLY-KITZ-036) M 31 Fieberbrunn
74/17/T (CLY-KITZ-037) M 31 Fieberbrunn
75/17/T (CLY-KITZ-038) M 31 Fieberbrunn
76/17/T (CLY-KITZ-039) M 31 Fieberbrunn
77/17/T (CLY-KITZ-040) M 31 Fieberbrunn
78/17/T (CLY-KITZ-041) M 31 Kitzbühel Land Fieberbrunn
79/17/T (CLY-KITZ-042) M 31 Kitzbühel Land Fieberbrunn
80/17/T (CLY-KITZ-043) M 31 Fieberbrunn
81/17/T (CLY-KITZ-044) M 31 Fieberbrunn
82/17/T (CLY-KITZ-045) M 31 Fieberbrunn
83/17/T (CLY-KITZ-046) M 31 Kitzbühel Land Fieberbrunn
84/17/T (CLY-KITZ-047) M 31 Kitzbühel Land
85/17/T (CLY-KITZ-048) M 31 Kitzbühel Land Fieberbrunn
86/17/T (CLY-KITZ-049) M 31 Kitzbühel Land Fieberbrunn
87/17/T (CLY-KITZ-050) M 31 Fieberbrunn
88/17/T (CLY-KITZ-051) M 31 Kitzbühel Land Fieberbrunn, Aurach
89/17/T (CLY-KITZ-052) M 31 Aurach
90/17/T (CLY-KITZ-053) M 31 Aurach
91/17/T (CLY-KITZ-054) M 31 Kitzbühel Land Aurach
92/17/T (CLY-KITZ-055) M 31 Aurach
93/17/T (CLY-KITZ-056) M 31 Aurach
94/17/T (CLY-KITZ-057) M 31 Kitzbühel Land Aurach
95/17/T (CLY-KITZ-058) M 31 Aurach
96/17/T (CLY-KITZ-059) M 31 Kitzbühel Land Aurach
97/17/T (CLY-KITZ-060) M 31 Kitzbühel Land Aurach
98/17/T (CLY-KITZ-061) M 31 Kitzbühel Land Aurach
99/17/T (CLY-KITZ-062) M 31 Kitzbühel Land
100/17/T (CLY-KITZ-063) M 31 Kitzbühel Land
101/17/T (CLY-KITZ-064) M 31 Kitzbühel Land Aurach
102/17/T (CLY-KITZ-065) M 31 Aurach
103/17/T (CLY-KITZ-066) M 31 Kitzbühel Land Aurach
104/17/T (CLY-KITZ-067) M 31 Kitzbühel Land
105/17/T (CLY-KITZ-068) M 31 Kitzbühel Land Aurach

RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756

==> picture [150 x 55] intentionally omitted <==

106/17/T (CLY-KITZ-069) M 31 Kitzbühel Land Aurach
107/17/T (CLY-KITZ-070) M 31 Kitzbühel Land
108/17/T (CLY-KITZ-071) M 31 Kitzbühel Land
109/17/T (CLY-KITZ-072) M 31 Kitzbühel Land
110/17/T (CLY-KITZ-073) M 31 Kitzbühel Land
111/17/T (CLY-KITZ-074) M 31 Kitzbühel Land
112/17/T (CLY-KITZ-075) M 31 Kitzbühel Land
113/17/T (CLY-KITZ-076) M 31 Kitzbühel Land
114/17/T (CLY-KITZ-077) M 31 Kitzbühel Land
115/17/T (CLY-KITZ-078) M 31 Kitzbühel Land
116/17/T (CLY-KITZ-079) M 31 Kitzbühel Land
117/17/T (CLY-KITZ-080) M 31 Kitzbühel Land
118/17/T (CLY-KITZ-081) M 31 Kitzbühel Land
119/17/T (CLY-KITZ-082) M 31 St. Johann in Tirol Kitzbühel Land
121/17/T (CLY-KITZ-084) M 31 Kitzbühel Land Fieberbrunn
122/17/T (CLY-KITZ-085) M 31 St. Johann in Tirol Kitzbühel Land
123/17/T (CLY-KITZ-086) M 31 St. Johann in Tirol Kitzbühel Land
124/17/T (CLY-KITZ-087) M 31 St. Johann in Tirol Kitzbühel Land, Fieberbrunn
125/17/T (CLY-KITZ-088) M 31 St. Johann in Tirol
126/17/T (CLY-KITZ-089) M 31 St. Johann in Tirol
127/17/T (CLY-KITZ-090) M 31 St. Johann in Tirol
128/17/T (CLY-KITZ-091) M 31 St. Johann in Tirol
129/17/T (CLY-KITZ-092) M 31 St. Johann in Tirol
130/17/T (CLY-KITZ-093) M 31 St. Johann in Tirol Kitzbühel Land
131/17/T (CLY-KITZ-094) M 31 St. Johann in Tirol
132/17/T (CLY-KITZ-095) M 31 St. Johann in Tirol
133/17/T (CLY-KITZ-096) M 31 St. Johann in Tirol
135/17/T (CLY-KITZ-098) M 31 Kitzbühel Land
137/17/T (CLY-KITZ-100) M 31 Aurach
Austrian Tenement Schedule – Leogang - RareX Second Priority in at least 50% of the licence area Austrian Tenement Schedule – Leogang - RareX Second Priority in at least 50% of the licence area Austrian Tenement Schedule – Leogang - RareX Second Priority in at least 50% of the licence area Austrian Tenement Schedule – Leogang - RareX Second Priority in at least 50% of the licence area
Designation Reference
Meridian
Cadastral Municipalities
Centre in the Cadastral Municipality Other Cadastral MunicipalityConcerned
49/17/S (CLY-LEOG-001) M 31 Schwarzleo Sonnberg
50/17/S (CLY-LEOG-002) M 31 Schwarzleo
52/17/S (CLY-LEOG-004) M 31 Schwarzleo
53/17/S (CLY-LEOG-005) M 31 Schwarzleo
54/17/S (CLY-LEOG-006) M 31 Schwarzleo
55/17/S (CLY-LEOG-007) M 31 Schwarzleo
59/17/S (CLY-LEOG-011) M 31 Schwarzleo
60/17/S (CLY-LEOG-012) M 31 Schwarzleo
61/17/S (CLY-LEOG-013) M 31 Schwarzleo Grießen
62/17/S (CLY-LEOG-014) M 31 Schwarzleo
63/17/S (CLY-LEOG-015) M 31 Schwarzleo
65/17/S (CLY-LEOG-017) M 31 Schwarzleo Grießen
66/17/S (CLY-LEOG-018) M 31 Schwarzleo
67/17/S (CLY-LEOG-019) M 31 Schwarzleo
69/17/S (CLY-LEOG-021) M 31 Schwarzleo
70/17/S (CLY-LEOG-022) M 31 Schwarzleo Grießen
72/17/S (CLY-LEOG-024) M 31 Schwarzleo
73/17/S (CLY-LEOG-025) M 31 Schwarzleo Grießen
75/17/S (CLY-LEOG-027) M 31 Schwarzleo
76/17/S (CLY-LEOG-028) M 31 Schwarzleo
77/17/S (CLY-LEOG-029) M 31 Schwarzleo
97/17/S (CLY-LEOG-049) M 31 Fieberbrunn
100/17/S (CLY-LEOG-052) M 31 Fieberbrunn
102/17/S (CLY-LEOG-054) M 31 Fieberbrunn
113/17/S (CLY-LEOG-065) M 31 Fieberbrunn

RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756

==> picture [150 x 55] intentionally omitted <==

Austrian Tenement Schedule – Kitzbuhel - RareX Second Priority in at least 50% of licence area Austrian Tenement Schedule – Kitzbuhel - RareX Second Priority in at least 50% of licence area Austrian Tenement Schedule – Kitzbuhel - RareX Second Priority in at least 50% of licence area Austrian Tenement Schedule – Kitzbuhel - RareX Second Priority in at least 50% of licence area
Designation Reference
Meridian
Cadastral Municipalities
Centre in the Cadastral Municipality Other Cadastral MunicipalityConcerned
120/17/T (CLY-KITZ-083) M 31 Kitzbühel Land
134/17/T (CLY-KITZ-097) M 31 St. Johann in Tirol Kitzbühel Land
136/17/T (CLY-KITZ-099) M 31 Kitzbühel Land
Moroccan Tenement Schedule
Licence Name Licence No RareX interest Note
Tizi Belhaj 234 08 79 20% Earning up to 100%
Bou Amzil 233 88 04 20% Earning up to 100%
Imdere 233 94 05 20% Earning up to 100%
Bou Amzil Extension PR 384 22 26 - 100% on completion

RareX Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756