Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from Australian Rare Earths Limited ( (AU:AR3) ).
Australian Rare Earths Limited recently provided an update on its metallurgical test work, highlighting the production of approximately 34kg of a Mixed Rare Earth Oxide intermediary product from 1,800 litres of Pregnant Leach Solution. The company achieved a 99% recovery rate using magnesium oxide, indicating potential for scalable production. Despite these promising results, AR3 considers them preliminary and not definitive enough to impact its financial position or require disclosure in financial documents. The company plans to continue its testing and provide further updates as results are confirmed.
More about Australian Rare Earths Limited
Australian Rare Earths Limited (AR3) operates in the rare earth industry, focusing on the production and development of rare earth oxide products. The company is engaged in metallurgical test work to explore scalable and cost-effective production methods, with a particular focus on mixed rare earth oxide intermediates.
Average Trading Volume: 626,615
Technical Sentiment Signal: Buy
Current Market Cap: A$19.54M
For detailed information about AR3 stock, go to TipRanks’ Stock Analysis page.