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An announcement from Australian Rare Earths Limited ( (AU:AR3) ) is now available.
Australian Rare Earths Limited has announced an expansion of its Overland Project in South Australia, increasing its exploration area by 2,000 km² to a total of 7,000 km². This expansion follows a strategic review that identified significant copper-gold potential in the basement rocks, complementing ongoing uranium exploration. The Delamerian region, where the project is located, is emerging as a highly prospective area for various mineralisation styles, including porphyry and volcanic massive sulphide systems. The company aims to explore over 20 untested basement targets, reinforcing its potential for discovery success and strengthening its exploration pipeline.
More about Australian Rare Earths Limited
Australian Rare Earths Limited (ASX: AR3) operates in the mining industry, focusing on the exploration and development of rare earth elements and other strategic minerals. The company is primarily involved in projects located in South Australia, with a market focus on discovering and developing mineral resources such as uranium, copper, and gold.
Average Trading Volume: 422,974
Technical Sentiment Signal: Sell
Current Market Cap: A$12.08M
For an in-depth examination of AR3 stock, go to TipRanks’ Stock Analysis page.