Australian Rare Earths Limited (ASX:AR3) Confirms Uranium Intersections
Assay Results
Australian Rare Earths Limited (ASX:AR3) has announced assay results confirming uranium intersections in drill hole OV047. The assays revealed multiple intervals with uranium concentrations ranging from 72 ppm U3O8 to 103 ppm U3O8, indicating substantial mineralisation.
Mineralisation Potential
The Overland project shows significant mineralisation potential with an anomalous zone up to 6 meters thick and over 1 kilometer wide, open in all directions. The assays confirm dual uranium potential, supporting both near-surface calcrete-hosted and deeper in-situ recoverable (ISR) deposits.
Drilling Program
Drilling and assays at Overland continue, with results from infill holes expected in the June quarter of 2025. The 2025 drilling program will proceed through April, focusing on both surficial uranium discoveries and deeper ISR-amenable deposits within the 4,000 km² exploration land package.
Executive Comments
Travis Beinke, Managing Director and CEO, stated, “These assay results from the first hole where the occurrence of shallow calcrete-hosted uranium was discovered underscore the significant potential of the Overland project. The search for both shallow calcrete-hosted uranium, and sedimentary hosted, ISR amenable targets, continues in this frontier uranium play.”
Future Outlook
Australian Rare Earths Limited anticipates providing further updates on the ongoing drill program and sharing additional assay results as exploration activities at Overland progress.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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