RareX Secures Key Licenses, Prepares for High-Impact Drilling, Shares Jump

2 min read | February 12, 2025 01:08 PM AEDT | By Team Kalkine Media

RareX Secures Key Licenses, Prepares for High-Impact Drilling, Shares Jump — Image source: Shutterstock

Advancing Towards Exploration

With all major approvals now secured, RareX is in the final stages of preparation for a fully optimized drilling program at the Khaleesi Project, including a recently identified alkaline intrusive complex.

The company is also working on a separate access agreement for license E39/2494, which is expected to be finalized in the coming weeks.

Upcoming Milestones

Heritage & flora surveys scheduled for February & March.
Final Program of Work (POW) submission for approval by DEMIRS.
Drilling program mobilization planned for mid-2025.

Market Reaction

Following the news, RareX shares surged 11.1% to 1 cent during morning trading on 12 February 2025.

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