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An update from OAR Resources Ltd ( (AU:CR3) ) is now available.
Core Energy Minerals Limited has announced the acquisition of the Itambe Rare Earth Element Project from Rio Tinto in Bahia State, Brazil. This strategic move expands Core Energy’s footprint in a highly prospective rare earth province, complementing its existing Tunas project. The Itambe project covers a significant area with promising soil assay results and geochemical anomalies, indicating potential for substantial rare earth deposits. Core Energy plans to conduct a comprehensive exploration program to further assess the project’s potential, which could enhance its position in the rare earth market and provide significant opportunities for stakeholders.
More about OAR Resources Ltd
Core Energy Minerals Limited is a company operating in the mining industry, focusing on the exploration and development of rare earth elements. The company is known for its expertise in geological operations and has a presence in Brazil, particularly in the Bahia State, where it is involved in projects like the Tunas REE project.
YTD Price Performance: -60.0%
Average Trading Volume: 1,890,408
Technical Sentiment Signal: Sell
Current Market Cap: A$4.2M
Find detailed analytics on CR3 stock on TipRanks’ Stock Analysis page.