RareX (ASX:REE) has been granted a mining lease (M80/648) for its 100% owned Cummins Range Project in Western Australia, marking a major regulatory milestone and significantly de-risking the project’s path to development.
The lease provides RareX with the statutory right to establish a mining operation, moving the flagship multi-critical-minerals asset beyond the exploration and tenure-risk phase.
Cummins Range hosts a rare combination of critical minerals, including rare earth elements, gallium, scandium, and clean apatite-hosted phosphate, positioning it as a strategically important project within Australia’s critical minerals landscape.
With mining tenure now secured, RareX will focus on metallurgical optimisation, process flowsheet development, and value maximisation across its multiple mineral streams.
Managing Director and CEO James Durrant noted, "Securing the mining lease is a pivotal milestone, de-risking the Cummins Range asset and allowing us to focus decisively on unlocking its full multi-critical-minerals potential."
The lease also provides a clear regulatory pathway for detailed mine planning, environmental approvals, financing, and potential strategic partnerships.
At the time of reporting, RareX's share price was $0.033.