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The latest announcement is out from Australian Rare Earths Limited ( (AU:AR3) ).
Australian Rare Earths Limited has identified significant uranium mineralization within its newly granted exploration licenses in South Australia’s Overland Project. Assay results from historic drilling have confirmed the presence of uranium, revealing two extensive sedimentary-hosted uranium target zones. These findings enhance the exploration potential of the project and provide a strong basis for planned follow-up drilling and technical evaluation. The company plans to integrate data and conduct geophysical reviews to refine their geological model and confirm the mineralization potential, which could strengthen their position in the uranium exploration sector.
More about Australian Rare Earths Limited
Australian Rare Earths Limited (ASX: AR3) is involved in the exploration and development of rare earth elements and uranium, focusing on the Overland Project in South Australia, which spans approximately 8,000 square kilometers.
Average Trading Volume: 1,828,253
Technical Sentiment Signal: Buy
Current Market Cap: A$58.38M
For detailed information about AR3 stock, go to TipRanks’ Stock Analysis page.