Australian Rare Earths to Restart Uranium Drilling at Overland in April 2026

Australian Rare Earths Limited ( (AU:AR3) ) has provided an announcement.

Australian Rare Earths has secured regulatory approval to restart uranium drilling at its Overland Project in South Australia, with a contractor engaged and mobilisation set for April 2026. The program will test two large sedimentary-hosted uranium target zones defined by historic drilling, including confirmed mineralised intervals and widespread anomalous gamma results indicating broad uranium potential.

The move comes amid robust uranium prices driven by expanding nuclear power, energy security concerns and supply constraints, and leverages South Australia’s status as a tier-one uranium jurisdiction. Backed by a strengthened balance sheet after a recent capital raising, AR3 is executing a dual-track strategy, advancing Overland’s discovery-focused drilling while progressing a Pre-Feasibility Study and pilot plant planning at its Koppamurra Rare Earths Project to provide diversified exposure to critical commodities.

The most recent analyst rating on (AU:AR3) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Australian Rare Earths Limited stock, see the AU:AR3 Stock Forecast page.

More about Australian Rare Earths Limited

Australian Rare Earths Limited is an ASX-listed explorer focused on critical minerals in South Australia, primarily rare earths at its flagship Koppamurra project and uranium at its Overland Uranium Project. The company targets sedimentary-hosted deposits in a jurisdiction regarded as a premier uranium region, aiming to supply strategically important minerals to global energy and technology markets.

Average Trading Volume: 1,056,386

Technical Sentiment Signal: Buy

Current Market Cap: A$43.32M

Learn more about AR3 stock on TipRanks’ Stock Analysis page.