Australian Rare Earths Limited (AU:AR3) has released an update.
Australian Rare Earths Limited (ASX: AR3) has applied for an exploration license to expand its uranium portfolio in the Callabonna Sub-basin, South Australia. The company is targeting the Hamilton Creek prospect, which shows promising indications of uranium mineralization, and plans to fast-track on-ground exploration once the license is secured. This strategic move will potentially increase AR3’s uranium holdings to around 3,400 km², leveraging proximity to the renowned Beverly uranium mine.
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