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BRIEF-Kimberley Rare Earths Withdraws from Cummins range JV

Oct 10 (Reuters) - Kimberley Rare Earths:

* Withdrawal from Cummins range joint venture

* Kimberley rare earths-reached agreement with Navigator Resources to transfer

its 25% interest in Cummins 128.2 million shares range back to nav

* Kimberley rare earths-cites changes in rare earths sector and negative

assessment of development options for project for withdrawal

* Kimberley rare earths-jv terminated in exchange for cash payment to nav of

$350,000

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