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Heavy Rare Earths Limited (ASX:HRE)

ALERT: Price-sensitive ASX Announcement for HRE
Current share price for HRE : $0.043 0.005 (13.16%)+
Announcement
Release
4 Dec 2025 9:20AM
Price at Release
$0.038
Full Release
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Summary
Heavy Rare Earths Limited announced securing all mineral rights to the Prospect Hill project in South Australia, indicating strong potential for polymetallic mineralization, especially at the South Ridge site. The project reveals high-grade silver and base metal mineralization with plans for a maiden resource estimate and further drilling to upgrade the tin resource to JORC compliance. The comprehensive historical data from previous explorations highlights significant intervals of silver, copper, zinc, and lead, suggesting the project's value as a polymetallic deposit.
Key Points
  • Heavy Rare Earths Limited secured all mineral rights to the Prospect Hill project.
  • The project shows strong potential as a polymetallic deposit, particularly at South Ridge.
  • High-grade silver (Ag), copper (Cu), zinc (Zn), and lead (Pb) mineralization confirmed.
  • Plans are in place for a maiden mineral resource estimate and further drilling programs.
  • The South Ridge target features high-grade tin (Sn) results with intersections up to 4.85%.
  • The company aims to upgrade the Sn resource to JORC compliance via new drilling efforts.
  • Prospect Hill consists of three exploration tenements covering 75 km² in South Australia.
  • Previous operators' data indicates significant base metal and silver prospects.
  • Future work includes geochemical sampling and geological studies to enhance resource estimates.
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.