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Australian Rare Earths Limited (ASX:AR3)

ALERT: Price-sensitive ASX Announcement for AR3
Current share price for AR3 : $0.099 0.007 (7.61%)+
Announcement
Release
31 Jul 2026 4:04PM
Price at Release
$0.092
Full Release
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Summary
Australian Rare Earths Limited (AR3) reported a landmark quarter for its Koppamurra project, highlighted by the completion of a Pre-Feasibility Study (PFS) and the establishment of a maiden Ore Reserve. The PFS confirms the project as one of Australia's most advanced ionic clay rare earths developments, with a post-tax NPV8 of A$858 million and an IRR of 99%. The ore reserve stands at 26 million tonnes with a total rare earth oxide (TREO) grade of 920 ppm, approximately 22% higher than the global average. AR3 has also advanced its Mining Lease Application and is preparing for pilot-scale processing at ANSTO's new facility, aiming to commence operations in August 2026. The company is leveraging a $5 million grant for critical minerals partnerships to fund its pilot program. Additionally, AR3's Overland Project reported the discovery of a niobium-rare earth carbonatite system, with further exploration planned.
Key Points
  • Completion of Pre-Feasibility Study and maiden Ore Reserve for Koppamurra.
  • Post-tax NPV8 of A$858 million and IRR of 99% for Koppamurra.
  • Maiden Ore Reserve of 26 Mt at 920 ppm TREO.
  • Mining Lease Application preparation on track for submission in 2026.
  • Pilot processing facility opened at ANSTO, operations starting August 2026.
  • $5 million grant for critical minerals partnerships.
  • Discovery of a niobium-rare earth carbonatite system at Overland Project.
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.