Australian Rare Earths Limited (ASX:AR3)

Australian Rare Earths Limited (ASX: AR3) announced that follow-up drilling at its 100%-owned Overland Project in South Australia has materially expanded the Overland carbonatite discovery, with hole OV176 intersecting 130 metres downhole of interpreted carbonatite from 68 metres and ending at 201 metres still within carbonatite, indicating the system remains open at depth and that true thickness is not yet known. The new intercept lies about 5 kilometres south of the original discovery hole OV167 and, together with results from OV177, OV178 and OV175, supports AR3’s interpretation of a large carbonatite complex associated with a roughly 10 kilometre magnetic corridor, while also confirming magnetic anomalies as an effective exploration targeting tool. OV177 showed stronger gamma response but fewer obvious carbonatite textures, suggesting alteration on the intrusion margin, while OV178 helped define a western boundary at that location. The company said assays are pending and will be important in determining rare earth, niobium and broader critical mineral fertility and economic significance, with petrographic and isotopic studies also underway. AR3 noted growing interest from academic and government geologists, including Adelaide University, the ARC Training Centre for Future Critical Resources and the Geological Survey of South Australia, as it advances geological, mineralogical and geochemical work on what it considers an emerging large-scale carbonatite-related system.