Rarex climbs on drill updates from Western Australia project

Rarex

09/08/2022 04:13

** Shares of Rarex Ltd  REE.AX  jump as much as 12.9% to
A$0.070, highest since June 9
    ** Company completes drilling program at its Cummins Range
Rare Earths Project in Western Australia
     ** Says the geological model "highlights the scale and
quality of the Cummins Range deposit, as well as its substantial
growth potential"
    ** More than 8.7 million shares change hands, 9.5 times the
30-day average of 921,982 
    ** As of last close, shares down 37.4% this year

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))