Heavy Rare Earths Advances Prospect Hill Drilling and Expands Radium Hill Agreement

Heavy Rare Earths Limited ( (AU:HRE) ) has provided an announcement.

Heavy Rare Earths Limited reported progress across its South Australian assets in the March 2026 quarter, led by preparations for a 2,500-metre maiden drilling program at the South Ridge prospect within the Prospect Hill Tin Project. The company has engaged a drilling contractor, submitted required regulatory documentation and scheduled a cultural heritage survey, positioning it to test historical high-grade tin intersections that could underpin a maiden resource estimate.

At Radium Hill, HRE secured a positive amendment to its agreement with Havilah Resources, ensuring all elements, including yttrium and scandium, are covered, which broadens its exposure to critical rare earths. Additional research has identified previously unrecognised monazite and xenotime minerals in its ground, potentially enhancing the value and strategic appeal of its projects within the rare earths supply chain.

More about Heavy Rare Earths Limited

Heavy Rare Earths Limited is an ASX-listed exploration company focused on critical minerals projects in South Australia, including tin, uranium and rare earths. Its portfolio spans the Prospect Hill Tin Project, the Radium Hill Project and the Billeroo Project in the Curnamona Province, targeting high-value elements such as tin, yttrium, scandium and other rare earths.

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Technical Sentiment Signal: Sell

Current Market Cap: A$7.28M

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