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Core Energy Minerals Ltd (ASX:CR3)

ALERT: Price-sensitive ASX Announcement for CR3
Current share price for CR3 : $0.008 -0.002 (-20%)+
Announcement
Release
13 May 2026 10:07AM
Price at Release
$0.010
Full Release
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Summary
Core Energy Minerals Ltd has announced promising initial assay results from the Campo Largo project in Paraná, Brazil, highlighting significant Total Rare Earth Oxides (TREO) with an impressive proportion of Magnetic Rare Earth Oxides (MREO). These findings are part of the company's efforts to enhance its land position in the region and contribute to critical mineral supplies for technology and green energy sectors. The initial reconnaissance has identified expansive saprolite clay profiles, indicating the potential for valuable rare earth element deposits, which will be further explored through systematic auger drill testing.
Key Points
  • Core Energy Minerals Ltd reported significant assay results from their Campo Largo Rare Earth Element project in Paraná, Brazil.
  • High-grade TREO (Total Rare Earth Oxides) with up to 46% MREO (Magnetic Rare Earth Oxides) were observed from reconnaissance sampling.
  • Initial work included geological mapping and sampling, confirming the presence of high-grade Rare Earth Oxides within deeply weathered saprolite clays.
  • The reconnaissance identified deeply weathered saprolite clay profiles, crucial for further systematic auger drill testing.
  • Core Energy aims to build a strong land position in Paraná, exploring for critical minerals essential for electric vehicles, green energy, defense, and technology applications.
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.