The latest update is out from Australian Rare Earths Limited ( (AU:AR3) ).
Australian Rare Earths Limited has received regulatory approvals to expand its Overland Uranium Project area in South Australia. The company has acquired rights to a strategic 1,000 km2 area through a Farm-In Agreement with Sheer Gold Pty Ltd, and has received approval for its exploration and environment protection plan. This expansion allows AR3 to begin drilling in February 2025, with a focus on high-priority targets identified in the region, aiming to enhance uranium discovery potential. The timely regulatory consent positions AR3 advantageously in the industry, enabling them to explore under-explored areas and contribute to their understanding of geological controls, potentially leading to significant uranium discoveries.
More about Australian Rare Earths Limited
Australian Rare Earths Limited (ASX: AR3) operates in the mining industry, focusing on rare earth elements and uranium exploration. The company is expanding its operations in South Australia, targeting sedimentary-hosted uranium deposits with significant potential for discovery.
YTD Price Performance: -19.05%
Average Trading Volume: 134,247
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$13.51M
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