Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Citius Resources PLC ( (GB:HREE) ) has issued an update.
Harena Resources has announced significant findings from its Ampasindava Rare Earths Project in Madagascar, highlighting high-grade rare earth zones that could extend the mine’s life beyond a century. The review of historical exploration data confirms the potential for early-stage high-grade mining operations, which could enhance project economics and cash flow generation. The company’s strategy focuses on targeting high-grade zones during the initial years of production to optimize mine planning and drive robust early-year economics.
More about Citius Resources PLC
Harena Resources is a rare earths exploration and development company that holds a 75% interest in the Ampasindava Ionic Clay Rare Earth Project in Madagascar. The project is one of the largest ionic clay rare earth deposits outside of China, with a focus on high-value magnet metals. Harena is dedicated to low-impact, high-recovery mining, aiming to provide a sustainable supply of critical minerals for the global energy transition and military defense industries.
YTD Price Performance: -45.83%
Average Trading Volume: 158,080
Technical Sentiment Signal: Buy
Current Market Cap: £6.73M
See more data about HREE stock on TipRanks’ Stock Analysis page.