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Australian Rare Earths Limited ( (AU:AR3) ) has shared an update.
Australian Rare Earths Limited has made significant progress in its metallurgical testwork at the Koppamurra Rare Earths Project, achieving successful production of 34kg of Mixed Rare Earth Oxide (MREO) from a 1,800-liter Pregnant Leach Solution. This development highlights the potential for streamlined and cost-efficient production of Mixed Rare Earth Carbonate (MREC), with a 99% recovery rate of magnet rare earths through a simple precipitation process. The company is optimizing impurity removal and re-dissolution steps to enhance the quality of MREC, supported by a $5 million Australian Government grant. This advancement strengthens AR3’s position in the rare earths industry, offering flexibility in downstream processing and aligning with the specifications of its technical partner, Neo Performance Materials.
More about Australian Rare Earths Limited
Australian Rare Earths Limited (ASX: AR3) is engaged in the exploration and development of rare earth elements, focusing on the Koppamurra Rare Earths Project in South Australia. The company is working on scalable and cost-effective production methods for rare earth oxides, collaborating with partners like Neo Performance Materials.
Average Trading Volume: 640,382
Technical Sentiment Signal: Buy
Current Market Cap: A$27.56M
See more insights into AR3 stock on TipRanks’ Stock Analysis page.