RAREX Ltd (ree) Logo

RAREX Ltd (REE)

___:___ · Basic Materials
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REE Chart

Snapshot

REE's Principal Activity is the mineral Exploration.

Share Price Activity

Last (Price)
Change 0.00 (0.00)
Bid / Ask -
Volume
Volume (4w avg)
Turnover
Open
Day Range -
VWAP
Prev Close
Last Trade

Performance

1 Week
1 Month
2022 YTD
1 Year
vs Sector (1yr) -8.01%
vs ASX 200 (1yr) -11.11%

Size

Market Cap Question Mark Icon
Excludes mandatory escrowed shares and foreign shares.
ASX Rank 1,367 of 2,413
Sector Rank 374 of 886

Key Fundamentals

Shares Issued
Sector Basic Materials
Similar Companies AUQ / AME / JDR
EPS -$0.014
DPS $0.00
Book Value Per Share $0.02

Broker Consensus

REE is not covered by a major broker, or data from most recent compilation was omitted due to not meeting QA guidelines.

Announcements

Date Heading Pages File Size Time

Corporate Overview

RareX Limited (REE, formerly Sagon Resources Limited) is an ASX-listed rare earths company focused on developing its 100% owned Cummins Range Project in Western Australia. Projects include The Trundle Project, Cummins Range Rare Earths Project, Weld North Projects.

Incorporation Details

Incorporated Clancy was incorporated on 17 July 2003 as a proprietary company limited by shares. On 6 March 2007 it changed type to become a public company limited by shares.

Corporate Details

Head Office Subiaco WA 6008
Website www.rarex.com.au
Registry Automic Group
Auditor Walker Wayland WA Audit Pty Ltd
Date Listed 11 Jul 2007

Upcoming Calendar (Forecasted)

Date Event
29/07/2022 Report (Quarterly)
28/10/2022 Report (Quarterly)
31/10/2022 Report (Annual)
30/01/2023 Report (Quarterly)

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
No dividends paid.

See Upcoming Dividends for all ASX companies.

Directors & Management

Directors & Management

Name Title Since Bio
Mr Cameron David Henry Non-Executive Director Jun 2020

Mr Cameron David Henry

Non-Executive Director

Mr Henry is the founding Managing Director of ASX-listed engineering firm, Primero Group Limited (ASX: PGX), where he has led the Company's strategic and operational direction resulting in its successful listing on the ASX in 2018 and rapid growth globally. Mr Henry has over 20 years of industry experience in the development and delivery of minerals processing, energy and infrastructure projects across Australia, Indonesia, North and South America. Mr Henry was previously non-executive director of Titan Minerals Limited (ASX: TTM) until 15 July 2019.

Mr John Alexander Young Non-Executive Chairman,Non-Executive Director Feb 2020

Mr John Alexander Young

Non-Executive Chairman,Non-Executive Director

Mr Young is an experienced geologist who has worked on exploration and production projects encompassing gold, uranium and specialty metals, including tungsten, molybdenum, tantalum and lithium. Mr Young's corporate experience includes appointments as Chief Executive Officer of Marenica Energy Limited and CEO and Director of Thor Mining PLC. Mr Young was Exploration Manager of Pilbara Minerals Ltd (ASX: PLS) from June 2014 until August 2015, appointed Technical Director in September 2015 and transitioned to Non-Executive Director in July 2017 until his resignation on 20 April 2018. Mr Young was also the Managing Director of Bardoc Gold Limited (ASX: BDC) from May 2017 to April 2019 and remains a Non-Executive Director. Mr Young is also a Non-Executive Director of AIM listed Mosman Oil and Gas Ltd and Trek Metals Ltd (ASX: TKM).

Mr Jeremy Robinson Managing Director Sep 2019

Mr Jeremy Robinson

Managing Director

Mr Robinson is an experienced mining executive having held senior roles at multiple junior and mid-tier mining and exploration companies. He is also currently a director of Cosmos Exploration Limited and Churchill Strategic Investments Group.

Ms Oonagh Jane Malone Company Secretary Feb 2018
Mr Shaun Hardcastle Non-Executive Director Dec 2017

Mr Shaun Hardcastle

Non-Executive Director

Mr Hardcastle has over 15 years' experience as a corporate lawyer and experience in corporate governance, risk management and compliance. He has been involved in a range of cross-border and domestic transactions including IPOs, capital raisings, joint ventures, corporate restructuring, project finance and asset/equity sales and acquisitions. Mr Hardcastle has practiced law both in Australia and overseas and is a partner at HWL Ebsworth Lawyers. Mr Hardcastle is currently a non-executive director of ASX listed Cygnus Gold Limited (ASX: CY5). Mr Hardcastle was also previously nonexecutive director of Schrole Group Ltd (ASX:SCL); Hawkstone Mining Limited (ASX: HWK) until 14 July 2020 and Bunji Corporation Limited (ASX: BCL) until 28 April 2020.

Director Transactions

REE directors must report any change in shareholding to the ASX within 5 business days.

See Director Transactions for all ASX companies.

Date Director Type Amount Price Value Notes
23/09/21 Jeremy Robinson Buy +2,750,000 $0.025 $68,750 Exercise of options
23/09/21 Jeremy Robinson Exercise 2,750,000 $0.025 $68,750 Exercise of options
20/08/21 Shaun Hardcastle Expiry 750,000 $0.086 $64,500 As advised by the company
25/06/21 Jeremy Robinson Issued 15,000,000 $0.076 $1,140,000 Placement
25/06/21 Jeremy Robinson Issued 125,000 $0.10 $12,500 Placement
25/06/21 Jeremy Robinson Issued 125,000 $0.10 $12,500 Placement
25/06/21 Cameron Henry Issued 4,500,000 $0.076 $342,000 Placement
25/06/21 Cameron Henry Issued 357,000 $0.056 $20,000 Placement
25/06/21 Shaun Hardcastle Issued 4,500,000 $0.076 $342,000 Placement
25/06/21 Shaun Hardcastle Issued 100,000 $0.10 $10,000 Placement
25/06/21 John Young Issued 4,500,000 $0.076 $342,000 Placement
25/06/21 John Young Issued 250,000 $0.10 $25,000 Placement
04/06/21 Cameron Henry Buy +357,000 $0.082 $29,274 On-market trade
04/06/21 John Young Buy +357,000 $0.082 $29,274 On-market trade
01/10/20 Jeremy Robinson Issued 500,000 $0.05 $25,000 Placement
01/10/20 Cameron Henry Issued 1,000,000 $0.05 $50,000 Placement
01/10/20 Shaun Hardcastle Issued 300,000 $0.05 $15,000 Placement
01/10/20 John Young Issued 2,000,000 $0.038 $75,000 Placement
07/05/20 John Young Buy +397,000 $0.025 $9,925 On-market trade
08/04/20 Shaun Hardcastle Buy +294,117 $0.017 $4,999 On-market trade
08/04/20 Jeremy Robinson Buy +300,000 $0.017 $5,100 On-market trade
12/12/19 Shaun Hardcastle Issued 3,000,000 $0.044 $132,000 Issue of options
12/12/19 Scott Patrizi Issued 3,000,000 $0.044 $132,000 Issue of options
27/09/19 Scott Patrizi Issued 1,164,706 $0.017 $19,800 Director remuneration
27/09/19 Shaun Hardcastle Issued 1,164,706 $0.017 $19,800 Director remuneration
05/08/19 Scott Patrizi Exercise 6,250,000 $0.001 $6,250 Conversion of securities
05/08/19 Shaun Hardcastle Buy +6,250,000 $0.001 $6,250 Conversion of securities
05/08/19 Shaun Hardcastle Exercise 6,250,000 $0.001 $6,250 Conversion of securities
05/08/19 Scott Patrizi Buy +6,250,000 $0.001 $6,250 Conversion of securities

Director Interests

The current holdings of REE directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Jeremy Robinson 23/09/2021 11,125,000 925,000 15,000,000 N/A
Cameron Henry 30/06/2021 N/A 1,557,000 6,000,000 N/A
Shaun Hardcastle 30/06/2021 N/A 2,108,823 3,000,000 N/A
John Young 30/06/2021 N/A 3,004,000 6,000,000 N/A

Shareholder Info

Top 20 Shareholders

Data supplied by Morningstar and accurate on Oct 27, 2021.

It's not possible to publish a real-time Top 20 Shareholder list. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). If a company chooses to publish the data, it's usually once a year in their Annual Report.

All data is manually compiled so there might be a delay between the Annual Report being published and the data appearing on Market Index (<7 days for ASX 300 and up to 30 days for micro-caps).

Name Shares Capital
Mr Simon (Sui Hee) Lee 28,000,000 6.20%
Mr Jeremy Kim Robinson 11,000,000 2.44%
Evans Leap Holdings Pty Ltd <Evans Leap Holdings A/C> 8,827,509 1.95%
Chetcuti Holdings Pty Ltd 8,055,789 1.78%
Citicorp Nominees Pty Limited 7,787,312 1.72%
Cale Consulting Pty Ltd <McLean Tyndal Family A/C> 6,495,400 1.44%
BNP Paribas Nominees Pty Ltd <Ib Au Noms Retailclient Drp> 5,381,643 1.19%
Mr Maxwell Alfred Kippe 5,200,000 1.15%
Mr Kim Robinson 4,614,706 1.02%
Mr Brett John Holdsworth <BJ Holdsworth A/C> 4,541,892 1.01%
Hsbc Custody Nominees (Australia) Limited 3,524,517 0.78%
Mr Marx Lin 3,000,000 0.66%
BNP Paribas Nominees Pty Ltd Hub24 Custodial Serv Ltd <DRP A/C>< 2,900,000 0.64%
BNP Paribas Nominees Pty Ltd ACF Clearstream 2,595,939 0.57%
Maverick Exploration Pty Ltd 2,550,000 0.56%
Salona Nominees Pty Ltd <George Harris Family A/C> 2,500,000 0.55%
Mrs Jennifer Grace Robinson 2,150,000 0.48%
Mr John Alexander Young & Mrs Cheryl Kaye Young <The Forever Young S/F A/C> 2,147,000 0.48%
Swancave Pty Ltd <BMC Family A/C> 2,000,000 0.44%
West Trade Enterprises Pty Ltd <Minderup Super Fund A/C> 2,000,000 0.44%
CS Fourth Nominees Pty Limited <HSBC Cust Nom Au Ltd 11 A/C> 1,982,618 0.44%

Shareholder Distribution

As reported in the most recent Annual Report.

Holding Size 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001+ Total
No. of Shareholders 268 687 1,058 2,685 661 5,359

Substantial Shareholders

A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list.

Shareholding changes less than 1% do not require notification to the market. When all “Last Notice” dates are identical, it suggests that no (or minimal) change has occurred since the most recent Annual Report.

Name Last Notice Total Shares Shares Held (%)
Simon (Sui Hee) Lee 27/10/2021 25,000,000 5.53

Shareholders Buying

12 month transaction history compiled from ASX announcements.

No buy transactions reported by Substantial Shareholders in the past 12 months.

Shareholders Selling

12 month transaction history compiled from ASX announcements.

No sell transactions reported by Substantial Shareholders in the past 12 months.

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
2021 $0.071 30 June
2020 $0.092 30 June
REE Historical Price Data (CSV)
Up to 20 years of EOD share price history
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