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.
OAR Resources Ltd ( (AU:CR3) ) has shared an announcement.
Core Energy Minerals Limited has announced promising results from its initial hand-auger drilling at the Tunas Project in Brazil, revealing significant rare earth element (REE) mineralization in saprolite clay horizons. Despite some limitations in reaching deeper target horizons, the results have encouraged the company to plan a more systematic power-auger sampling program to delineate target zones for a maiden drilling campaign. The company has also expanded its project area by 46 square kilometers to explore additional prospective zones, indicating a strategic move towards organic growth and strengthening its position in the REE market.
More about OAR Resources Ltd
Core Energy Minerals Limited is a company operating in the mineral exploration industry, focusing on the development of rare earth elements (REE) projects. The company is actively engaged in exploring saprolite clay horizons, which are known for hosting REE mineralization, particularly in Brazil.
YTD Price Performance: -56.00%
Average Trading Volume: 1,156,803
Technical Sentiment Signal: Sell
Current Market Cap: A$4.62M
For detailed information about CR3 stock, go to TipRanks’ Stock Analysis page.