Australian Rare Earths Limited (AU:AR3) has released an update.
Australian Rare Earths Limited (ASX: AR3) has submitted an application for a 250 km² exploration license in South Australia’s Callabonna Sub-basin, targeting untapped uranium mineralisation at the Triggs Bore Prospect. Historical drilling at Triggs Bore has already indicated the presence of uranium within the Eyre Formation sediments, akin to nearby significant uranium deposits. The company is poised to expedite exploration with drill-ready targets and plans to fast-track on-ground activities upon license approval, aiming to enhance its energy transition assets portfolio.
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