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James Durrant - RareX Looks to Repeat the $1.3-billion WA1 Resources Success Story of Niobium in WA
Manage episode 420587066 series 3460568
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RareX (ASX: REE) has just put its foot on a highly prospective piece of land 300 kilometres east of Kalgoorlie. It believes this land is highly prospective for niobium, previous drilling has already shown it hosts niobium, it's now a question of how much and at what grade. Niobium has driven the enormous success of WA1 Resource, which is now worth $1.3 billion, RareX is worth just $13 million and that difference highlights the enormous upside for RareX shareholders as it starts to drill at its project in WA.
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