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Heavy Rare Earths Limited ( (AU:HRE) ) has shared an announcement.
Heavy Rare Earths Limited has lodged an updated Program for Environment Protection and Rehabilitation with South Australia’s Department for Energy and Mining ahead of its maiden 2,500‑metre drilling campaign at the South Ridge tin deposit. The company has also scheduled a cultural heritage clearance survey with the Dieri Aboriginal Corporation in early May, underscoring its commitment to working with native title holders.
A South Australian drilling contractor has been engaged, with drilling now expected to begin between late May and early June after record state‑wide rainfall damaged access roads and pushed back the original timetable. The program of up to 24 reverse‑circulation and five diamond holes is designed to underpin a maiden mineral resource estimate at Prospect Hill, positioning HRE to benefit from a roughly 20% year‑to‑date rise in global tin prices.
More about Heavy Rare Earths Limited
Heavy Rare Earths Limited is an Australian exploration company focused on advancing the South Ridge tin deposit at Prospect Hill, regarded as South Australia’s largest and most advanced tin project. The company aims to capitalise on strengthening global tin prices by progressing exploration toward a maiden mineral resource estimate.
Average Trading Volume: 274,567
Technical Sentiment Signal: Sell
Current Market Cap: A$7.07M
See more insights into HRE stock on TipRanks’ Stock Analysis page.