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Australian Rare Earths Limited (ASX:AR3)

ALERT: Price-sensitive ASX Announcement for AR3
Current share price for AR3 : $0.110 -0.035 (-24.14%)+
Announcement
Release
24 Apr 2026 9:31AM
Price at Release
$0.145
Full Release
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Summary
During the quarter ended 31 March 2026, Australian Rare Earths Limited (ASX: AR3) reported significant advancements in its projects, particularly at the Koppamurra Rare Earths Project in South Australia. The company established a high-purity Mixed Rare Earth Oxide (MREO) pathway and achieved improved heap leach performance, indicating a more efficient and commercially viable processing route. The Pre-Feasibility Study (PFS) is on track for completion by late Q2 2026, with pilot plant operations set to begin, aiming to process approximately 30 tonnes of clay. Financially, AR3 strengthened its balance sheet through a share placement raising approximately $6 million and receiving a further $960,000 from the Australian Government's International Partnerships in Critical Minerals grant. The company closed the quarter with a cash position of A$6.66 million. Furthermore, AR3 progressed its Overland Uranium Project, with regulatory approval secured for drilling and new sedimentary-hosted uranium target zones defined.
Key Points
  • High-purity MREO pathway established at Koppamurra.
  • Improved heap leach performance, reducing cycle time and costs.
  • PFS on track for late Q2 2026; pilot plant operations to start.
  • Raised ~$6 million via share placement and $960,000 IPCM grant.
  • Cash position of A$6.66 million as of 31 March 2026.
  • Progressed Overland Uranium Project with new targets and drilling approvals.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.