Australian Rare Earths Limited ( (AU:AR3) ) has shared an announcement.
Australian Rare Earths Limited has announced the extension of uranium mineralisation at the Overland Project’s Western Margin Target Zone, validated by recent assay results from the 2024 drilling campaign. These results confirm the presence of uranium in permeable sediments conducive to In-Situ Recovery (ISR) mining methods, reinforcing the company’s geological model and the project’s potential. The findings suggest an active uranium system, increasing the likelihood of future discoveries and positioning the Overland Project as a key asset in AR3’s portfolio. The company plans further drilling in April 2025 to explore the mineralisation strike extension, aiming to unlock the full potential of the project and deliver long-term value to shareholders.
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 uranium deposits. The company is particularly engaged in projects that involve sedimentary-hosted uranium, with a significant emphasis on the Overland Project, which spans a vast 4,000 square kilometers.
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