RareX Secures Mining Lease, Unveils Australia’s Highest-Grade Gallium Deposit

Mining Lease Milestone at Cummins Range

RareX Limited has achieved a significant regulatory milestone with the granting of a mining lease over its Cummins Range Rare Earths Project in the Kimberley region of Western Australia. This approval follows the signing of a historic mining heritage protection agreement with the Jaru Native Title Prescribed Body Corporate, marking a critical step in de-risking the project and securing RareX’s statutory right to mine.

The Cummins Range project is notable for its multi-commodity critical minerals endowment, including rare earth elements, gallium, scandium, and phosphate. The mining lease grant substantially reduces permitting risk, shifting the focus towards operational and environmental approvals rather than tenure uncertainty.

Exceptional Gallium Grades Confirmed

RareX’s ongoing re-assay program has revealed some of the highest-grade gallium intercepts ever reported in Australia, with historical drill results showing gallium oxide grades as high as 292 g/t over significant widths. These findings position Cummins Range as potentially the country’s most advanced and highest-grade gallium deposit, complementing its rare earth and scandium resources.

Metallurgical test work is underway across multiple jurisdictions, including North America and Australia, to optimise recovery and processing flowsheets. This includes flotation testing at SGS Lakefield and bio-leaching trials aimed at phosphate liberation, which could enhance the project’s economic viability by producing microbially derived phosphate fertilisers.

Expanding Exploration and Strategic Partnerships

RareX is preparing for a 3,000-metre drilling campaign at its Khaleesi Project, targeting gallium-rich clays over a 9-kilometre strike length. This program aims to test multiple geophysical and geochemical targets, potentially expanding RareX’s critical minerals footprint in Western Australia.

On the strategic front, RareX has signed a non-binding Memorandum of Understanding with US Strategic Metals (USSM) to explore downstream processing opportunities in the United States. This partnership aligns with broader geopolitical trends emphasizing secure, allied supply chains for critical minerals. The appointment of Selina Hayes, a US-Australian dual citizen with extensive rare earth and government experience, to the RareX board further strengthens ties with US policy and capital networks.

Financial Position and Forward Outlook

RareX recently completed a $5 million placement, expected to settle in early February 2026, boosting its cash reserves to approximately $6.5 million alongside over $5 million in listed equity investments. This strong financial position supports ongoing exploration, metallurgical optimisation, and project development activities across its portfolio, including the Mt Mansbridge, Piper, and Mrima Hill projects.

While the Mrima Hill project in Kenya remains subject to licensing discretion, RareX continues to advance socio-environmental planning and feasibility studies in consortium with Iluka Resources, underscoring its commitment to responsible and strategic critical minerals development.