Announcement Date: 2023-02-14
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Australian Rare Earths Ltd.
Project name: Koppamurra
Location: Australia
Commodities: Rare Earth
Highlight: Drilling results incl. 3m at 3915ppm RE from 9m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Australian Rare Earths (ASX: AR3) is pleased to announce the start of a new drilling program as part of its strategy to grow the Resource at its Koppamurra project in South Australia. The new program is aimed at extending the known mineralization beyond the boundaries of the current resource. AR3 is also awaiting the remaining assays from the drilling conducted in late 2022. These will be included in the Resource update scheduled for later this quarter. AR3 Acting Managing Director, Rick Pobjoy, said: “We are pursuing our strategy to continue growing the resource in parallel with metallurgical work and commercial studies.” “The assays we have received so far from last year’s drilling have been outstanding because they show ongoing continuous grades and thickness. Furthermore, the thickness of the intersections and their proximity to the surface are encouraging from a mining perspective.” “We expect to receive the rest of these assays within weeks and then complete the resource update by the end of March 2022.” “In the meantime, we are drilling outside the resource area in search of the next round of inventory growth.”
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