Mt Mansbridge Tenements Granted and New Tenement Acquired

RareX Limited is pleased to announce the granting of high priority tenements at the Mt Mansbridge Heavy Rare Earths Project, allowing for the commencement of exploration in 2025. A new high-grade yttrium boulder tenement has also been acquired, which is a proxy element for heavy rare earths. Heritage clearances are scheduled for priority areas. The project is strategically located near the significant Browns Range Heavy Rare Earth Project and presents considerable exploration potential.

The geology of the Mt Mansbridge project mirrors that of Browns Range, with xenotime mineralization occurrences. Historical pit samples have shown promising results in yttrium, indicating the presence of heavy rare earths. Further exploration drilling has confirmed hydrothermal xenotime mineralization in the basement rocks. A new tenement, E80/6118, located nearby, is pending approval and has shown highly mineralized samples.

Investors are invited to engage and contribute to the project's progress through the RareX investor hub. With a focus on rare earths and niobium, RareX aims to support global electrification initiatives. The Company remains committed to unlocking the full potential of its projects through upcoming exploration activities. For more detailed information and updates, investors are encouraged to visit RareX's website or contact the Managing Director, James Durrant, for further inquiries.