RareX Limited reported the initial results of the recently completed passive seismic geophysical survey at its Cummins Range Rare Earths Project in the east Kimberley region of Western Australia. The survey has identified deep weathering profiles continuing to the east, west and north of the current defined resource area. These areas have been named Eastern, Western and Northern Target areas. An area south of the current JORC Resource has also been identified, known as the Southern Target. RareX considers the Western and Eastern Targets as high-priority drill targets due to the presence of high grade drill results at the edges of the adjoining delineated JORC Resource. The Western Target abuts the western boundary of the existing JORC Resource and is approximately 300m N-S by 150m E-W, with variable weathering between 35 to 70 metres below surface and remains untested to the base of weathering along strike from mineralised drill holes: 5m at 1.2% TREO from 95m to EOH; 8m at 1.7% TREO from 17m. The Eastern Target sits on the eastern boundary of the existing JORC Resource and is approximately 750m N-S by 250m E-W, with variable weathering between 35 to 70 metres below surface. RareX's Maiden JORC 2012 Inferred Resource of 13Mt @ 1.13% TREO announced on 15 October 2019, was closed off to the east due to lack of drilling, with drill holes on the eastern resource boundary reaching to grades of: 46m at 1.6% TREO from 18m (KRC147) - Including 15m at 3.13% TREO from 36m; 5m at 6.7% TREO from 37m (NRC047) - Including 2m at 15.5% TREO from 37m. Historically, the Eastern Target area has been poorly tested with seven 1983 Rio Tinto (formerly CRA) aircore drill holes which are all less than 30m deep. One of the drill holes CR040 finished in gossanous rock grading 1.6% REE. At multiple locations there is good scope to grow the existing JORC Resource in existing channels at depth.