Australia's Rarex jumps after doubling mineralisation estimate for WA project

Rarex

25/05/2022 03:14

** Shares of Rarex Ltd  REE.AX  rise as much as 12.7% to
A$0.089 - set for best session since April 11, if gains hold
    ** Rare earths explorer says it has doubled reserve estimate
for known mineralisation at depth within its Cummins Range
project in Western Australia  urn:newsml:reuters.com:*:nASM000D4C
    ** Says co began a drilling programme last month, with one
hole extending mineralisation 250 metres down-dip and doubling
the mineralised zone to at least 500 metres
    ** Stock hits its highest since May 9; down 20.2% YTD, as of
last close 

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))