Renewed resources such as rare earth mines in Cummins Ridge, Western Australia

LareX announced that its Cummins Range project in Western Australia has become the largest undeveloped rare earth deposit in Australia.

At present, the estimated and inferred ore resources of the project are 519 million tons, the total rare earth oxide content is 0.32%, and the grade of Phosphorus pentoxide is 4.6%, that is, the rare earth oxide content is 1.6 million tons, and the phosphate content is 24 million tons.

The proportion of praseodymium neodymium is 22%, which means the content of praseodymium neodymium oxide is 360000 tons.

This resource update includes the resource update of the Rare Dyke deposit and the addition of Phos Dyke deposit resources (105 million tons of ore resources).

Since 2019, the resource volume of the Cummins rare earth mining project has increased by 1120%.

Meteor Resources has announced for the first time its Caldiera rare earth deposit resources in Brazil.

At present, the ore resources of the deposit are 409 million tons, with a rare earth oxide grade of 0.2626%.

The characteristics of this gold deposit are high boundary grade, high content of rare earth oxide in magnets, and shallow burial depth.

Caldiera is considered the "world's highest grade ion adsorption type rare earth deposit" and is a world-class rare earth deposit.

In the second half of this year, the project will undergo a preliminary study/feasibility evaluation.

The project has attracted great attention from investors. Lynas Rare Earth Company recently said that it will explore and develop ion adsorption type rare earth deposits, and will pay attention to the Kardiela rare earth deposit.