RareX to Sell 65% of NSW Copper Gold Assets to Kincora Copper Limited for A$1.27 Million

Highlights

RareX to retain a 35% free carry interest
RareX to receive upfront cash payments of circa A$200,000
RareX to own circa 9.9% of TSXV listed Kincora Copper
Kincora Copper is attractive partner to add value to RareX’s NSW Copper Gold Assets: - industry leading technical team with an exceptional track-record of Tier 1 copper discovery’s including the Cadia and Marsden porphyry deposits in the Lachlan Fold Belt of NSW - well-funded for exploration success - backed by global funds LIM Advisors and New Prospect Capital
RareX well-funded with over A$3m in cash and equivalents