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Heavy Rare Earths Limited (ASX:HRE)

ALERT: Price-sensitive ASX Announcement for HRE
Current share price for HRE : $0.032 -0.017 (-34.69%)+
Announcement
Release
30 Oct 2025 8:42AM
Price at Release
$0.049
Full Release
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Summary
Heavy Rare Earths Limited's September 2025 Quarterly Activities Report highlights several key advancements in their prospecting projects across South Australia. The company successfully acquired mineral rights to the Prospect Hill Tin Project and identified promising targets at South Ridge for a maiden mineral resource estimate. The Lake Namba-Billeroo and Radium Hill Projects continue to develop with data from various surveys refining drilling targets. New board appointments were announced to support the company's strategic exploration initiatives. Financially, the company maintained a steady cash position with available funding for nearly six quarters, reflecting a cautious approach to cash flow management and no significant changes in its financing activities.
Key Points
  • Prospect Hill Tin Project mineral rights acquired, identifying priority targets.
  • South Ridge prospect potential for a maiden mineral resource estimate.
  • Radium Hill and Lake Namba-Billeroo projects advancing with new survey data.
  • Board strengthened with new Non-Executive Director and Chairman.
  • Steady cash position maintained with funding available for nearly six quarters.
  • No significant changes in financing activities during the quarter.
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.