Kimberley Rare Earths Limited (KRE) has been specifically formed by Navigator Resources Limited (NAV) to develop the Cummins Range Rare Earths Project.
On completion of its Initial Public Offering, KRE will, subject to certain conditions, acquire an immediate 25% ownership of the Cummins Range Project from its parent, Navigator Resources Limited, with the opportunity to earn an additional 30% interest with expenditure of $10 million in exploration over a four year period to obtain a…
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