RareX (ASX:REE) has entered the 2027 financial year with an integrated critical minerals portfolio centred on advanced project development, exploration, and strategic partnerships.
At the heart of the company’s strategy is its Cummins Range Rare Earth and Phosphate Project in Western Australia, complemented by the Khaleesi and Piper exploration projects targeting rare earths, niobium, and gallium.
To advance Cummins Range, RareX is evaluating commercial pathways and strategic partnerships following the completion of heritage, licensing, and metallurgy milestones.
Meanwhile, drilling is expected to commence shortly at the 790km² Khaleesi Project across five priority targets to generate exploration results over coming months.
RareX is also advancing the Piper Project in the Northern Territory while assessing new opportunities across critical mineral jurisdictions.
The company is also participating in the Kenyan Government’s competitive tender process for the Mrima Hill Project through a consortium with Iluka Resources (ASX:ILU), with an outcome anticipated in the upcoming quarter.
If successful, RareX says the project will add a second potential production-scale critical minerals asset to its portfolio.
Managing Director James Durrant says RareX has reached an important stage with key initiatives entering new phases.
“Over recent years, we have systematically advanced Cummins Range while building an exploration pipeline and strategic partnerships and investments that provide multiple opportunities to create long-term value,” Durrant says.
“As we enter FY2027, we’re executing that strategy against a backdrop of accelerating global demand for secure critical mineral supply chains outside China, and we believe RareX is well-positioned to benefit from that shift.”
RareX maintains material investments in Kincora Copper (ASX:KCC), EAU Lithium following its merger with Cosmos Exploration (ASX:C1X), and Canada Rare Earth (TSX-V:LL).
RareX is a critical minerals mining company specialising in rare earths, gallium, niobium, and scandium projects.
Write to Paula Fabe at Mining.com.au
Images: RareX
