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Australian Rare Earths Limited ( (AU:AR3) ) just unveiled an update.
Australian Rare Earths Limited has completed a drilling program at its Overland Uranium Project in South Australia, revealing a north/south trending palaeovalley that is ideal for hosting sedimentary-hosted uranium deposits. The discovery of lignite horizons and anomalous gamma readings in the area suggests significant potential for uranium mineralization. With this confirmation of their geological model, AR3 plans to commence further drilling to explore the high-priority targets identified, aiming to expand their understanding of the regional setting and enhance their position in the uranium industry.
More about Australian Rare Earths Limited
Australian Rare Earths Limited (ASX: AR3) is focused on exploring and developing sedimentary-hosted uranium deposits. The company operates in South Australia, particularly targeting areas with potential for In-Situ Recovery amenable uranium deposits.
YTD Price Performance: -9.52%
Average Trading Volume: 147,464
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$15.1M
Find detailed analytics on AR3 stock on TipRanks’ Stock Analysis page.
