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OAR Resources Ltd ( (AU:CR3) ) has issued an update.
Core Energy Minerals Limited announced significant results from its first pass sampling at the Tunas Project in Brazil, revealing Total Rare Earth Oxide (TREO) concentrations exceeding 2,000ppm, with a peak of 2,921ppm. These findings, derived from deeply weathered residual soils, are promising for the company’s exploration efforts. The project, located near Tunas do Paraná, covers an area of 18.32 km² and is strategically positioned near key infrastructure. The company plans to commence a systematic auger sampling program to define drilling targets, which could enhance its market positioning in the REE sector and potentially impact stakeholders positively by advancing the project’s development.
More about OAR Resources Ltd
Core Energy Minerals Limited operates in the mining industry, focusing on the exploration and development of rare earth elements (REE). The company is engaged in projects that target the extraction of these critical minerals, which are essential for various high-tech and clean energy applications.
YTD Price Performance: -52.00%
Average Trading Volume: 782,778
Technical Sentiment Signal: Sell
Current Market Cap: A$4.92M
See more data about CR3 stock on TipRanks’ Stock Analysis page.