Heavy Rare Earths Limited (AU:HRE) has released an update.
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Heavy Rare Earths Limited has announced promising results from its Perenjori project in Western Australia, with an 8-kilometer-long uranium anomaly identified and confirmed through passive seismic surveys and soil sampling. The findings hint at the potential for a palaeochannel- or calcrete-hosted uranium-vanadium deposit, drawing parallels with significant deposits in Namibia and Western Australia. Drilling is scheduled for the latter half of 2024 to further explore these encouraging signs.
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