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Australian Rare Earths Limited ( (AU:AR3) ) has shared an update.
Australian Rare Earths Limited announced significant assay results from their Overland Project, confirming uranium mineralization across the first 10 drill holes of their 2024 drilling program. These results validate the company’s geological model, indicating potential for sedimentary-hosted uranium deposits in the largely unexplored area. Although initial assays are of low grade, the presence of uranium up to 20 times background levels in certain intervals highlights high-grade potential and the suitability of the deposits for cost-effective in-situ recovery (ISR) mining methods. This development points to an active uranium system and enhances confidence in the exploration potential of the vast project area, with further assays expected to guide future exploration efforts.
More about Australian Rare Earths Limited
Australian Rare Earths Limited is a company involved in the exploration and development of rare earth mineral resources. Their primary focus is on discovering and developing sedimentary-hosted uranium deposits, particularly within the Overland Project area.
YTD Price Performance: -12.00%
Average Trading Volume: 132,639
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$13.04M
Learn more about AR3 stock on TipRanks’ Stock Analysis page.
