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Australian Rare Earths Limited ( (AU:AR3) ) has issued an announcement.
Australian Rare Earths Limited has announced significant progress in its metallurgical testwork for the Koppamurra project, achieving over 60% recoveries of magnet rare earths through a bulk leach program. This advancement not only reinforces the scalability and efficiency of their heap leach approach but also highlights the project’s strategic importance amid global supply chain uncertainties. The test results will inform the Pre-Feasibility Study, with ongoing optimization efforts aimed at enhancing recovery rates and process efficiency, supported by a $5 million Australian Government grant.
More about Australian Rare Earths Limited
Australian Rare Earths Limited (ASX:AR3) operates in the rare earths industry, focusing on the exploration and development of rare earth elements. The company’s primary project is the Koppamurra rare earths project in South Australia, which aims to provide a strategic and secure source of both light and heavy rare earths, contributing to diversified supply chains essential for global energy transition.
Average Trading Volume: 483,051
Technical Sentiment Signal: Sell
Current Market Cap: A$10.6M
See more insights into AR3 stock on TipRanks’ Stock Analysis page.