REE: Annual Report to shareholders
Original announcement by asx on
- Company
- RareX Limited
- Ticker
- REE
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Rare earth elements
- Secondary commodities
- Phosphate, Niobium, Scandium, Gallium, Copper, Thorium, Uranium, Dysprosium, Terbium, Manganese
- Document categories
- Resource update, Metallurgy, Drill results
- Extracted
- 2026-09-30 08:29:05 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
RareX Limited's Annual Report details substantial progress across its projects, notably the granting of a Mining Lease for the Cummins Range Rare Earths Project in Western Australia, a key de-risking milestone. Metallurgical testwork at Cummins Range achieved record rare earth and phosphate recoveries, alongside confirming viable extraction for gallium and scandium. Additionally, maiden drilling at the Khaleesi Project identified new copper mineralisation, and high-grade rare earth oxides were found at Mt Mansbridge, while the Mrima Hill Project in Kenya is advancing through a tender process with secured funding.
Reasoning: RareX Limited's annual report highlights significant progress across its project portfolio, including a major permitting milestone, strong metallurgical testwork results, and new exploration discoveries. The unchanged resource estimate is neutral, and the lack of a specific grade for the new copper discovery is a minor drawback, but overall the news is positive for project de-risking and value addition.
Positive factors
- Granting of Mining Lease significantly de-risks the Cummins Range Project's regulatory pathway.
- Metallurgical testwork at Cummins Range achieved record rare earth and phosphate recoveries, exceeding prior results.
- Viable extraction pathways for gallium and scandium were confirmed, adding potential by-product value.
- Maiden drilling at Khaleesi identified new copper mineralisation, expanding exploration potential.
- High-grade rare earth oxides were identified at Mt Mansbridge.
- Progress on the Mrima Hill Project tender and securing a A$50 million share subscription facility for its work program.
Negative factors
- The resource estimate for Cummins Range remains unchanged, indicating no new geological information for the resource itself.
- The Khaleesi drill result for copper did not provide a numerical grade, limiting its immediate interpretability.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 59
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document includes a detailed 'Mineral Resource Statement' for the Cummins Range Project, providing tonnage and grade figures for Measured, Indicated, and Inferred categories.
Evidence · text
“Mineral Resource for Cummins Range Project, Western Australia”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The mineral resource estimate is reported in accordance with the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' (the JORC Code) (2012 Edition).
Evidence · text
“RareX Limited reports its Mineral Resources in accordance with the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code) (2012 Edition).”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The document states that 'Competent Persons named by the Company qualify as Competent Persons as defined in the JORC Code', indicating professional sign-off.
Evidence · text
“Competent Persons named by the Company qualify as Competent Persons as defined in the JORC Code.”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Metallurgical testwork achieved rougher recovery of up to 74.6% for rare earth oxides, which is considered strong for flotation beneficiation.
Evidence · text
“rougher recovery of up to 74.6%”
Recovery Improvingpositive
Recovery improved versus a like-for-like prior test program on the same domain and route.
Why it applies: The testwork 'substantially exceeding all prior Australian beneficiation results for this project' indicates an improvement in recovery.
Evidence · text
“substantially exceeding all prior Australian beneficiation results for this project.”
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: The metallurgical program is focused on 'further optimising the Cummins Range flowsheet and assessing opportunities to enhance the project's economics through the recovery of additional critical minerals', and 'Advanced mineralogical characterisation identified monazite liberation as the primary constraint on recovery', suggesting variability work.
Evidence · text
“Advanced mineralogical characterisation identified monazite liberation as the primary constraint on recovery, providing a clear technical basis for further optimisation through finer, staged grinding.”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The Khaleesi Project section describes a 'maiden drilling program' designed to test targets for the first time.
Evidence · text
“In August 2026, the Company’s maiden drilling program commenced, designed to test five priority targets”
New Discoverypositive · Story-specific tag
No canonical definition is currently available.
Why it applies: Maiden drilling at Khaleesi identified a 'broad zone of anomalous copper mineralisation' in drill hole KRC012, introducing copper as an 'additional exploration opportunity'.
Evidence · text
“The discovery introduces copper as an additional exploration opportunity within the broader Niobe system”
Permitting Milestonepositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The granting of the Mining Lease for the Cummins Range Project is described as an 'important inflection point in the regulatory pathway' and establishes the 'statutory right to develop a mining operation'.
Evidence · text
“The granting of the Mining Lease represents an important inflection point in the regulatory pathway for the Cummins Range Project.”
Strategic Partnershippositive · Story-specific tag
No canonical definition is currently available.
Why it applies: RareX is in a consortium with Iluka Resources for the Mrima Hill Project, which is described as a 'significant strategic growth opportunity'.
Evidence · text
“RareX and in consortium with Iluka Resources, as announced on 22 April 2025, progressing through the Kenyan Government's tender process.”
Capital Securedpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The Mrima Hill Consortium is supported by a 'A$50 million Share Subscription Facility with GEM Global Yield LLC SCS' to fund its work programme.
Evidence · text
“The Consortium is supported by a A$50 million Share Subscription Facility with GEM Global Yield LLC SCS, earmarked to fund its Year 1–3 work programme, including construction of a pilot plant.”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("flotation")
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Extracted facts
Stored fact records: 59. Some facts used in scoring do not have a stored record.
Drill Results (1)
KRC012Khaleesi · copperIntercept: 74 mView all detailsHide details
Identity
- Hole ID
- KRC012
- Project
- Khaleesi
- Commodity
- copper
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- REE
Geometry
- Intercept
- 74 m
- From
- 77 m
- To
- 151 m
- Intercept Depth
- 77 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- KRC012:77-151
Location
- Location
- Niobe Prospect
- Loc. Source
- document
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Maiden drilling at Khaleesi identified a significant width of anomalous copper, representing a new discovery and expanding the project's commodity potential, despite the lack of a specific assay grade.
Positive factors
- Maiden drilling program identified a broad zone of copper mineralisation.
- Introduces copper as an additional exploration opportunity, expanding project potential.
Negative factors
- No specific numerical grade for copper was reported, only 'anomalous' and 'enrichment'.
- pXRF readings are indicative and not certified assays.
Evidence · text
“Initial results have identified a broad zone of anomalous copper mineralisation in drill hole KRC012 at the Niobe Prospect, with indicative pXRF readings defining copper enrichment over approximately 74 metres from 77m to 151m downhole.”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Resource Estimates (55)
indicatedCummins Range Project · phosphorusTonnes: 44400000Grade: 6Grade Unit: %View all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- phosphorus
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1d6050cd5d233d8b0aa0
- Deposit or zone
- RARE DYKE
Resource Data
- Category
- indicated
- Tonnes
- 44400000
- Grade
- 6
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for phosphorus is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“6.0”
Context: 44.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · rare_earth_oxidesTonnes: 44400000Grade: 5560Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- rare_earth_oxides
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1d6050cd5d233d8b0aa0
- Deposit or zone
- RARE DYKE
Resource Data
- Category
- indicated
- Tonnes
- 44400000
- Grade
- 5560
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for rare earth oxides is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“5560”
Context: 44.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · heavy_rare_earth_oxidesTonnes: 44400000Grade: 280Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- heavy_rare_earth_oxides
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1d6050cd5d233d8b0aa0
- Deposit or zone
- RARE DYKE
Resource Data
- Category
- indicated
- Tonnes
- 44400000
- Grade
- 280
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for heavy rare earth oxides is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“280”
Context: 44.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · neodymium_oxideTonnes: 44400000Grade: 880Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- neodymium_oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1d6050cd5d233d8b0aa0
- Deposit or zone
- RARE DYKE
Resource Data
- Category
- indicated
- Tonnes
- 44400000
- Grade
- 880
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for neodymium oxide is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“880”
Context: 44.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · praseodymium_oxideTonnes: 44400000Grade: 260Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- praseodymium_oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1d6050cd5d233d8b0aa0
- Deposit or zone
- RARE DYKE
Resource Data
- Category
- indicated
- Tonnes
- 44400000
- Grade
- 260
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for praseodymium oxide is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“260”
Context: 44.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · niobiumTonnes: 44400000Grade: 990Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- niobium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1d6050cd5d233d8b0aa0
- Deposit or zone
- RARE DYKE
Resource Data
- Category
- indicated
- Tonnes
- 44400000
- Grade
- 990
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for niobium is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“990”
Context: 44.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · scandiumTonnes: 44400000Grade: 90Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- scandium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1d6050cd5d233d8b0aa0
- Deposit or zone
- RARE DYKE
Resource Data
- Category
- indicated
- Tonnes
- 44400000
- Grade
- 90
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for scandium is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“90”
Context: 44.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · uraniumTonnes: 44400000Grade: 80Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- uranium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1d6050cd5d233d8b0aa0
- Deposit or zone
- RARE DYKE
Resource Data
- Category
- indicated
- Tonnes
- 44400000
- Grade
- 80
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for thorium and uranium is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“80”
Context: 44.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · phosphorusTonnes: 363700000Grade: 43.9Grade Unit: %View all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- phosphorus
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9389e912fb813f8ecbf9
- Deposit or zone
- RARE DYKE
Resource Data
- Category
- inferred
- Tonnes
- 363700000
- Grade
- 43.9
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for phosphorus is part of an unchanged estimate, with a very high reported grade that may require further scrutiny.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
- The reported P2O5 grade of 43.9% is exceptionally high and may warrant further clarification.
Evidence · table
“43.9”
Context: 363.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · rare_earth_oxidesTonnes: 363700000Grade: 2960Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- rare_earth_oxides
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9389e912fb813f8ecbf9
- Deposit or zone
- RARE DYKE
Resource Data
- Category
- inferred
- Tonnes
- 363700000
- Grade
- 2960
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for rare earth oxides is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“2960”
Context: 363.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · heavy_rare_earth_oxidesTonnes: 363700000Grade: 160Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- heavy_rare_earth_oxides
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9389e912fb813f8ecbf9
- Deposit or zone
- RARE DYKE
Resource Data
- Category
- inferred
- Tonnes
- 363700000
- Grade
- 160
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for heavy rare earth oxides is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“160”
Context: 363.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · neodymium_oxideTonnes: 363700000Grade: 480Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- neodymium_oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9389e912fb813f8ecbf9
- Deposit or zone
- RARE DYKE
Resource Data
- Category
- inferred
- Tonnes
- 363700000
- Grade
- 480
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for neodymium oxide is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“480”
Context: 363.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · praseodymium_oxideTonnes: 363700000Grade: 140Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- praseodymium_oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9389e912fb813f8ecbf9
- Deposit or zone
- RARE DYKE
Resource Data
- Category
- inferred
- Tonnes
- 363700000
- Grade
- 140
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for praseodymium oxide is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“140”
Context: 363.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · niobiumTonnes: 363700000Grade: 570Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- niobium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9389e912fb813f8ecbf9
- Deposit or zone
- RARE DYKE
Resource Data
- Category
- inferred
- Tonnes
- 363700000
- Grade
- 570
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for niobium is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“570”
Context: 363.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · scandiumTonnes: 363700000Grade: 70Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- scandium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9389e912fb813f8ecbf9
- Deposit or zone
- RARE DYKE
Resource Data
- Category
- inferred
- Tonnes
- 363700000
- Grade
- 70
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for scandium is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“70”
Context: 363.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · uraniumTonnes: 363700000Grade: 40Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- uranium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9389e912fb813f8ecbf9
- Deposit or zone
- RARE DYKE
Resource Data
- Category
- inferred
- Tonnes
- 363700000
- Grade
- 40
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for thorium and uranium is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“40”
Context: 363.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · phosphorusTonnes: 33000000Grade: 7.6Grade Unit: %View all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- phosphorus
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:5d6c00dca5427b53a162
- Deposit or zone
- PHOS DYKE
Resource Data
- Category
- indicated
- Tonnes
- 33000000
- Grade
- 7.6
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for phosphorus is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“7.6”
Context: 33.0
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · rare_earth_oxidesTonnes: 33000000Grade: 3430Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- rare_earth_oxides
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:5d6c00dca5427b53a162
- Deposit or zone
- PHOS DYKE
Resource Data
- Category
- indicated
- Tonnes
- 33000000
- Grade
- 3430
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for rare earth oxides is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“3430”
Context: 33.0
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · heavy_rare_earth_oxidesTonnes: 33000000Grade: 290Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- heavy_rare_earth_oxides
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:5d6c00dca5427b53a162
- Deposit or zone
- PHOS DYKE
Resource Data
- Category
- indicated
- Tonnes
- 33000000
- Grade
- 290
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for heavy rare earth oxides is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“290”
Context: 33.0
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · neodymium_oxideTonnes: 33000000Grade: 670Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- neodymium_oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:5d6c00dca5427b53a162
- Deposit or zone
- PHOS DYKE
Resource Data
- Category
- indicated
- Tonnes
- 33000000
- Grade
- 670
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for neodymium oxide is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“670”
Context: 33.0
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · praseodymium_oxideTonnes: 33000000Grade: 170Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- praseodymium_oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:5d6c00dca5427b53a162
- Deposit or zone
- PHOS DYKE
Resource Data
- Category
- indicated
- Tonnes
- 33000000
- Grade
- 170
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for praseodymium oxide is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“170”
Context: 33.0
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · niobiumTonnes: 33000000Grade: 500Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- niobium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:5d6c00dca5427b53a162
- Deposit or zone
- PHOS DYKE
Resource Data
- Category
- indicated
- Tonnes
- 33000000
- Grade
- 500
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for niobium is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“500”
Context: 33.0
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · scandiumTonnes: 33000000Grade: 80Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- scandium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:5d6c00dca5427b53a162
- Deposit or zone
- PHOS DYKE
Resource Data
- Category
- indicated
- Tonnes
- 33000000
- Grade
- 80
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for scandium is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“80”
Context: 33.0
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · uraniumTonnes: 33000000Grade: 100Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- uranium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:5d6c00dca5427b53a162
- Deposit or zone
- PHOS DYKE
Resource Data
- Category
- indicated
- Tonnes
- 33000000
- Grade
- 100
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for thorium and uranium is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“100”
Context: 33.0
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · phosphorusTonnes: 83100000Grade: 5.6Grade Unit: %View all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- phosphorus
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:dc1114794cfe737b5d25
- Deposit or zone
- PHOS DYKE
Resource Data
- Category
- inferred
- Tonnes
- 83100000
- Grade
- 5.6
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for phosphorus is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“5.6”
Context: 83.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · rare_earth_oxidesTonnes: 83100000Grade: 2390Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- rare_earth_oxides
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:dc1114794cfe737b5d25
- Deposit or zone
- PHOS DYKE
Resource Data
- Category
- inferred
- Tonnes
- 83100000
- Grade
- 2390
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for rare earth oxides is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“2390”
Context: 83.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · heavy_rare_earth_oxidesTonnes: 83100000Grade: 200Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- heavy_rare_earth_oxides
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:dc1114794cfe737b5d25
- Deposit or zone
- PHOS DYKE
Resource Data
- Category
- inferred
- Tonnes
- 83100000
- Grade
- 200
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for heavy rare earth oxides is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“200”
Context: 83.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · neodymium_oxideTonnes: 83100000Grade: 460Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- neodymium_oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:dc1114794cfe737b5d25
- Deposit or zone
- PHOS DYKE
Resource Data
- Category
- inferred
- Tonnes
- 83100000
- Grade
- 460
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for neodymium oxide is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“460”
Context: 83.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · praseodymium_oxideTonnes: 83100000Grade: 120Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- praseodymium_oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:dc1114794cfe737b5d25
- Deposit or zone
- PHOS DYKE
Resource Data
- Category
- inferred
- Tonnes
- 83100000
- Grade
- 120
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for praseodymium oxide is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“120”
Context: 83.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · niobiumTonnes: 83100000Grade: 450Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- niobium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:dc1114794cfe737b5d25
- Deposit or zone
- PHOS DYKE
Resource Data
- Category
- inferred
- Tonnes
- 83100000
- Grade
- 450
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for niobium is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“450”
Context: 83.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · scandiumTonnes: 83100000Grade: 60Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- scandium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:dc1114794cfe737b5d25
- Deposit or zone
- PHOS DYKE
Resource Data
- Category
- inferred
- Tonnes
- 83100000
- Grade
- 60
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for scandium is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“60”
Context: 83.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · uraniumTonnes: 83100000Grade: 60Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- uranium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:dc1114794cfe737b5d25
- Deposit or zone
- PHOS DYKE
Resource Data
- Category
- inferred
- Tonnes
- 83100000
- Grade
- 60
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for thorium and uranium is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“60”
Context: 83.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · phosphorusTonnes: 77400000Grade: 6.7Grade Unit: %View all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- phosphorus
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9c9ddd9d25f13c082b5f
- Deposit or zone
- COMBINED
Resource Data
- Category
- indicated
- Tonnes
- 77400000
- Grade
- 6.7
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for phosphorus is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“6.7”
Context: 77.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · rare_earth_oxidesTonnes: 77400000Grade: 4650Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- rare_earth_oxides
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9c9ddd9d25f13c082b5f
- Deposit or zone
- COMBINED
Resource Data
- Category
- indicated
- Tonnes
- 77400000
- Grade
- 4650
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for rare earth oxides is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“4650”
Context: 77.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · heavy_rare_earth_oxidesTonnes: 77400000Grade: 280Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- heavy_rare_earth_oxides
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9c9ddd9d25f13c082b5f
- Deposit or zone
- COMBINED
Resource Data
- Category
- indicated
- Tonnes
- 77400000
- Grade
- 280
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for heavy rare earth oxides is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“280”
Context: 77.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · neodymium_oxideTonnes: 77400000Grade: 790Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- neodymium_oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9c9ddd9d25f13c082b5f
- Deposit or zone
- COMBINED
Resource Data
- Category
- indicated
- Tonnes
- 77400000
- Grade
- 790
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for neodymium oxide is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“790”
Context: 77.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · praseodymium_oxideTonnes: 77400000Grade: 230Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- praseodymium_oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9c9ddd9d25f13c082b5f
- Deposit or zone
- COMBINED
Resource Data
- Category
- indicated
- Tonnes
- 77400000
- Grade
- 230
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for praseodymium oxide is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“230”
Context: 77.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · niobiumTonnes: 77400000Grade: 780Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- niobium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9c9ddd9d25f13c082b5f
- Deposit or zone
- COMBINED
Resource Data
- Category
- indicated
- Tonnes
- 77400000
- Grade
- 780
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for niobium is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“780”
Context: 77.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · scandiumTonnes: 77400000Grade: 90Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- scandium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9c9ddd9d25f13c082b5f
- Deposit or zone
- COMBINED
Resource Data
- Category
- indicated
- Tonnes
- 77400000
- Grade
- 90
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for scandium is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“90”
Context: 77.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCummins Range Project · uraniumTonnes: 77400000Grade: 90Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- uranium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9c9ddd9d25f13c082b5f
- Deposit or zone
- COMBINED
Resource Data
- Category
- indicated
- Tonnes
- 77400000
- Grade
- 90
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This indicated resource for thorium and uranium is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Indicated category provides a good level of geological confidence.
Negative factors
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“90”
Context: 77.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · phosphorusTonnes: 446900000Grade: 4.2Grade Unit: %View all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- phosphorus
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:5857111a143734e036e9
- Deposit or zone
- COMBINED
Resource Data
- Category
- inferred
- Tonnes
- 446900000
- Grade
- 4.2
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for phosphorus is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“4.2”
Context: 446.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · rare_earth_oxidesTonnes: 446900000Grade: 2860Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- rare_earth_oxides
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:5857111a143734e036e9
- Deposit or zone
- COMBINED
Resource Data
- Category
- inferred
- Tonnes
- 446900000
- Grade
- 2860
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for rare earth oxides is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“2860”
Context: 446.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · heavy_rare_earth_oxidesTonnes: 446900000Grade: 170Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- heavy_rare_earth_oxides
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:5857111a143734e036e9
- Deposit or zone
- COMBINED
Resource Data
- Category
- inferred
- Tonnes
- 446900000
- Grade
- 170
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for heavy rare earth oxides is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“170”
Context: 446.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · neodymium_oxideTonnes: 446900000Grade: 480Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- neodymium_oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:5857111a143734e036e9
- Deposit or zone
- COMBINED
Resource Data
- Category
- inferred
- Tonnes
- 446900000
- Grade
- 480
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for neodymium oxide is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“480”
Context: 446.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · praseodymium_oxideTonnes: 446900000Grade: 140Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- praseodymium_oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:5857111a143734e036e9
- Deposit or zone
- COMBINED
Resource Data
- Category
- inferred
- Tonnes
- 446900000
- Grade
- 140
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for praseodymium oxide is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“140”
Context: 446.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · niobiumTonnes: 446900000Grade: 550Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- niobium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:5857111a143734e036e9
- Deposit or zone
- COMBINED
Resource Data
- Category
- inferred
- Tonnes
- 446900000
- Grade
- 550
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for niobium is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“550”
Context: 446.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · scandiumTonnes: 446900000Grade: 70Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- scandium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:5857111a143734e036e9
- Deposit or zone
- COMBINED
Resource Data
- Category
- inferred
- Tonnes
- 446900000
- Grade
- 70
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for scandium is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“70”
Context: 446.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCummins Range Project · uraniumTonnes: 446900000Grade: 50Grade Unit: ppmView all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- uranium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:5857111a143734e036e9
- Deposit or zone
- COMBINED
Resource Data
- Category
- inferred
- Tonnes
- 446900000
- Grade
- 50
- Grade Unit
- ppm
- Cutoff Grade
- 2.5
- Cutoff Unit
- % P2O5
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This inferred resource for thorium and uranium is part of an unchanged estimate, providing continuity but no new insights.
Positive factors
- Large tonnage in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Resource estimate is unchanged from the prior year, offering no new information.
Evidence · table
“50”
Context: 446.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 49Mt Mansbridge Project · rare_earth_oxidesGrade: 1.7Grade Unit: %View all detailsHide details
Identity
- Project
- Mt Mansbridge Project
- Commodity
- rare_earth_oxides
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Resource group id
- resource:ed4b9b6a99d867f4c387
Resource Data
- Grade
- 1.7
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Surface exploration at Mt Mansbridge identified high-grade rare earth oxides in mineralised veins, indicating promising early-stage potential.
Positive factors
- High-grade TREO identified in mineralised veins.
- Presence of DyTb (Dysprosium, Terbium) indicates heavy rare earth potential.
Negative factors
- Results are from surface exploration, not drilling, implying early stage.
Evidence · text
“The exploration team have located multiple mineralised veins up to 1.7% TREO with 10% DyTb”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 50Mt Mansbridge Project · rare_earth_oxidesGrade: 0.7Grade Unit: %View all detailsHide details
Identity
- Project
- Mt Mansbridge Project
- Commodity
- rare_earth_oxides
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Resource group id
- resource:ed4b9b6a99d867f4c387
Resource Data
- Grade
- 0.7
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Surface exploration at Mt Mansbridge identified rare earth oxides in altered sandstone, indicating promising early-stage potential.
Positive factors
- TREO identified in hydrothermally altered sandstone.
- Presence of DyTb (Dysprosium, Terbium) indicates heavy rare earth potential.
Negative factors
- Results are from surface exploration, not drilling, implying early stage.
Evidence · text
“hydrothermally altered sandstone up to 0.7% TREO with 13% DyTb”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 51Mt Mansbridge Project · rare_earth_oxidesGrade: 2.7Grade Unit: %View all detailsHide details
Identity
- Project
- Mt Mansbridge Project
- Commodity
- rare_earth_oxides
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Resource group id
- resource:ed4b9b6a99d867f4c387
Resource Data
- Grade
- 2.7
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: High-grade rare earth oxides were identified at the Sigma Prospect, indicating strong exploration potential.
Positive factors
- High-grade TREO identified at Sigma Prospect.
- Presence of DyTb (Dysprosium, Terbium) indicates heavy rare earth potential.
Negative factors
- Results are from surface exploration, not drilling, implying early stage.
Evidence · text
“identified high grade TREO up to 2.7% with 13% DyTb at Sigma Prospect.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 52Cummins Range ProjectView all detailsHide details
Identity
- Project
- Cummins Range Project
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Resource scope
- Resource group id
- resource:c0f56287e94455f4ab01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The granting of the Mining Lease for Cummins Range is a highly positive and material event, significantly de-risking the project's regulatory pathway and advancing it towards development.
Positive factors
- Granting of the Mining Lease is a major de-risking milestone.
- Establishes the State’s acceptance of the project in principle.
- Provides statutory right to develop a mining operation, reducing permitting risk.
Evidence · text
“The granting of the Mining Lease represents an important inflection point in the regulatory pathway for the Cummins Range Project.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 53Piper ProjectView all detailsHide details
Identity
- Project
- Piper Project
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- REE
Resource scope
- Resource group id
- resource:c5f219ae8494e4dd2d97
- Ownership percent
- 80 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: An earn-in agreement for the Piper Project was secured in October 2024, providing access to a new target, though the news is not novel in this annual report.
Positive factors
- Secured an earn-in agreement for a high-priority drill target.
Negative factors
- Agreement was entered into in October 2024, so the news is not recent.
Evidence · text
“In October 2024, RareX entered into an 80% earn-in agreement for the magnetic bulls-eye Piper Project through the completion of three >300m drill holes.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 54Mrima Hill ProjectView all detailsHide details
Identity
- Project
- Mrima Hill Project
- Region
- kenya
- Reported Region
- Kenya
- Ticker
- REE
Resource scope
- Resource group id
- resource:e50f3e5b335b61fd0e86
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Mrima Hill Project, a strategic growth opportunity in consortium with Iluka Resources, is progressing through a competitive tender process, indicating positive advancement despite inherent risks.
Positive factors
- Consortium with Iluka Resources for a significant strategic growth opportunity.
- Progressing through the Kenyan Government's tender process for a potential production-scale asset.
Negative factors
- No guarantees that the application will be accepted or prospecting licence granted.
Evidence · text
“RareX and in consortium with Iluka Resources, as announced on 22 April 2025, progressing through the Kenyan Government's tender process.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 55Mrima Hill ProjectView all detailsHide details
Identity
- Project
- Mrima Hill Project
- Region
- kenya
- Reported Region
- Kenya
- Ticker
- REE
Resource scope
- Resource group id
- resource:e50f3e5b335b61fd0e86
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: A significant A$50 million share subscription facility has been secured to fund the Mrima Hill Project's work program, providing crucial financial backing for its development.
Positive factors
- Secured A$50 million funding for the Mrima Hill work programme and pilot plant.
- Provides financial support for advancing a potential production-scale asset.
Evidence · text
“The Consortium is supported by a A$50 million Share Subscription Facility with GEM Global Yield LLC SCS, earmarked to fund its Year 1–3 work programme, including construction of a pilot plant.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Metallurgical Results (3)
flotationCummins Range Project · rare_earth_oxidesRecovery: 74.6 %View all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- rare_earth_oxides
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Test Work
- Program Status
- optimization
- Test Type
- flotation
- Processing Route
- conventional flotation beneficiation
- Sample
- conventional flotation beneficiation of rare earth and phosphate concentrates
Recovery
- Recovery
- 74.6 %
- Recovery Basis
- actual_test
- Conc. Grade
- 25.15
- Conc. Grade Unit
- %
Lab
- Laboratory
- SGS Lakefield
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Metallurgical testwork delivered the highest rare earth recoveries to date, with a strong concentrate grade and significant improvement over previous results, de-risking the project.
Positive factors
- Achieved high recovery for rare earth oxides.
- Concentrate grade of 25.15% is a significant upgrade.
- Recovery substantially exceeded all prior Australian beneficiation results for this project, indicating significant improvement.
- Testwork conducted by a reputable laboratory (SGS Lakefield).
Evidence · text
“SGS Lakefield testwork achieved a 9.5x TREO upgrade to 25.15% grade, with rougher recovery of up to 74.6%, substantially exceeding all prior Australian beneficiation results for this project.”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
unspecifiedCummins Range Project · galliumRecovery: 93 %View all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- gallium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Test Work
- Program Status
- optimization
- Test Type
- unspecified
- Processing Route
- extraction
- Sample
- gallium extraction and refining
Recovery
- Recovery
- 93 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- Gega Elements Pty Ltd
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Confirmation of a viable extraction pathway for gallium with high recovery adds significant potential value to the multi-element mineralisation.
Positive factors
- Near-complete gallium extraction achieved, indicating a viable pathway.
- Adds potential by-product value to the project.
Evidence · text
“Testwork also confirmed a viable extraction pathway for gallium, with Gega Elements achieving near-complete gallium extraction and strong scandium recovery of 89–93%”
unspecifiedCummins Range Project · scandiumRecovery: 93 %View all detailsHide details
Identity
- Project
- Cummins Range Project
- Commodity
- scandium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- REE
Test Work
- Program Status
- optimization
- Test Type
- unspecified
- Processing Route
- extraction
- Sample
- strong scandium recovery
Recovery
- Recovery
- 93 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- Gega Elements Pty Ltd
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Confirmation of a viable extraction pathway for scandium with high recovery adds significant potential value to the multi-element mineralisation.
Positive factors
- Strong scandium recovery achieved, indicating a viable pathway.
- Adds potential by-product value to the project.
Evidence · text
“Testwork also confirmed a viable extraction pathway for gallium, with Gega Elements achieving near-complete gallium extraction and strong scandium recovery of 89–93%”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.