Core Energy Reports High-Grade Rare Earth Results at Brazil’s Campo Largo Project

OAR Resources Ltd ( (AU:CR3) ) just unveiled an announcement.

Core Energy Minerals has reported encouraging first-pass assay results from its 100%-owned Campo Largo Rare Earth Element Project in Paraná, Brazil. Early reconnaissance mapping and sampling have identified deeply weathered saprolite clay profiles containing widespread high-grade Total Rare Earth Oxides, with multiple rock-chip samples exceeding 1,000 ppm TREO and showing very high proportions of Magnetic Rare Earth Oxides, up to 46% MREO.

These results support the company’s strategic move into Paraná and suggest strong potential for a clay-hosted rare earths discovery with significant exposure to high-value magnet metals. Core Energy has completed initial on-the-ground work and landholder engagement, and is now advancing permitting and access arrangements while planning a systematic auger drilling and sampling program, scheduled to commence this quarter to validate the reconnaissance results and test priority targets across the Campo Largo tenements.

More about OAR Resources Ltd

Core Energy Minerals Limited is an ASX-listed exploration company focused on rare earth elements, with a growing land position in Paraná State, Brazil. The company is targeting saprolite clay-hosted rare earth deposits, particularly high-value magnetic rare earth oxides used in electric vehicles, renewable energy, defence and technology applications.

Average Trading Volume: 548,254

Technical Sentiment Signal: Sell

Current Market Cap: A$6.42M

For a thorough assessment of CR3 stock, go to TipRanks’ Stock Analysis page.