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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 (0%)+
Announcement
Release
4 Jun 2026 8:45AM
Price at Release
$0.008
Full Release
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Summary
Core Energy Minerals Ltd (ASX:CR3) announced promising results from their infill auger drilling program at the Tunas Rare Earth Element Project in Paraná, Brazil. The recent drilling confirmed the continuity of thick, near-surface rare earth element (REE) mineralisation, with significant mineralised intercepts remaining open at depth, indicating potential for expansion. The highest grades of total rare earth oxides (TREO) were observed in the lower saprolite profile. A total of 19 auger holes were completed, with assays pending for 14 additional holes, which are expected to further define the scale and continuity of the mineralised system. These findings support the project's high prospectivity for ionic adsorption clay-style mineralisation. Ongoing leachability tests are being conducted to evaluate the REE extraction characteristics.
Key Points
  • Strong infill auger results at Tunas Project confirm continuity of REE mineralisation.
  • Highest grades were found in the lower saprolite profile, near the transition into saprock.
  • Significant REE mineralisation hosted in saprolitic clays within the Tunas Project, Brazil.
  • A total of 19 auger holes were completed, with 14 pending assay results.
  • Potential expansion indicated as all mineralisation remains open at depth.
  • Leachability testwork ongoing to assess ionic adsorption clay potential.
  • Auger drilling supports the prospectivity of near-surface rare earth mineralisation.
  • Results showed significant MREO content, with peak value up to 41% of TREO.
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.