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OAR Resources Ltd ( (AU:CR3) ) has provided an announcement.
Core Energy Minerals has reported assay results from preliminary reconnaissance sampling and geological mapping at its 100% owned Campo Largo rare earth project in Paraná, Brazil. The work confirms widespread significant total rare earth oxides with a very high proportion of magnetic rare earth oxides, supporting the company’s strategy of building a land position in the region.
The company has amended an earlier announcement to correct the reported proportion of magnetic rare earth oxides from reconnaissance sampling to 46%. Initial fieldwork, including landholder engagement and assessment of deeply weathered saprolite clay profiles, has been completed as preparation for systematic auger drilling scheduled to begin in the current quarter, marking a key step toward advancing the project.
More about OAR Resources Ltd
Core Energy Minerals Ltd is a mineral exploration company focused on critical minerals and uranium across tier-one mining jurisdictions. The company is advancing rare earth elements and uranium projects in Australia, Brazil and Namibia, while seeking to expand its land position in these regions to unlock shareholder value.
Average Trading Volume: 548,254
Technical Sentiment Signal: Sell
Current Market Cap: A$6.42M
For detailed information about CR3 stock, go to TipRanks’ Stock Analysis page.