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OAR Resources Ltd ( (AU:CR3) ) has issued an announcement.
Core Energy Minerals has begun fully funded on-ground exploration at its 100%-owned Itambe Rare Earth Element project in Bahia State, Brazil, acquired from Rio Tinto in December 2025 and situated in the highly prospective Rocha da Rocha Rare Earth Province that hosts several world-class rare earth projects. The initial 2026 work program includes auger drilling and extensive soil sampling to expand known high-grade soil anomalies and test the regolith profile at Itambe, alongside infill auger drilling and reconnaissance mapping at the Tunas/Campo Largo REE Project, with the strategic goal of defining drill targets in the first quarter and launching maiden drilling campaigns across both projects in the second quarter of 2026, potentially advancing Core Energy’s position in Brazil’s emerging rare earths district.
More about OAR Resources Ltd
Core Energy Minerals Limited is an ASX-listed exploration company focused on rare earth element projects in Brazil. The company has built a portfolio in the Tier 1 exploration and mining district of Bahia State, leveraging operational expertise and an on-ground geological team to target both hard rock and ionic rare earth mineralisation, including its 100%-owned Itambe and Tunas projects.
YTD Price Performance: 10.0%
Average Trading Volume: 1,374,868
Technical Sentiment Signal: Sell
Current Market Cap: A$5.38M
For a thorough assessment of CR3 stock, go to TipRanks’ Stock Analysis page.