COMPANY UPDATE AND OPERATIONAL INITIATIVES





HIGHLIGHTS

  • RareX in robust financial position

  • Approximately A$1.8 million in cash

  • 9.9% ownership of listed equity in TSXV-listed Kincora Copper Limited

  • Equity holding in Kincora valued at A$0.5 million to A$1.0m million

  • RareX 35% free carried interest in upcoming NSW East Lachlan Fold drill program led by expert team at Kincora Copper which is well-funded with circa C$3.5 million in cash

  • Material cost saving initiatives implemented

  • 25% reduction in RareX staff and Board fees and salaries

  • 25% reduction in RareX administrative costs

SEE FULL ASX ANNOUNCEMENT HERE





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