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Heavy Rare Earths Limited (ASX:HRE)

ALERT: Price-sensitive ASX Announcement for HRE
Current share price for HRE : $0.032 -0.008 (-20%)+
Announcement
Release
16 Apr 2026 8:51AM
Price at Release
$0.040
Full Release
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Summary
Heavy Rare Earths Limited (HRE) is progressing towards its maiden drilling campaign at the South Ridge tin deposit, South Australia's largest and most advanced tin project. The company has submitted a PEPR application to South Australia's Department for Energy and Mining and is collaborating with the Dieri Aboriginal Corporation for cultural heritage clearance. Despite weather-related delays, HRE is set to commence a 2,500m drilling program in early June, aimed at providing data for a maiden Mineral Resource Estimate. The project is strategically positioned to benefit from rising global tin prices.
Key Points
  • Heavy Rare Earths Limited (HRE) has submitted a program for environment protection and rehabilitation (PEPR) to South Australia’s Department for Energy and Mining.
  • HRE collaborates with the Dieri Aboriginal Corporation for a cultural heritage clearance survey at Prospect Hill.
  • A South Australian drilling contractor has been engaged for a 2,500m drilling program at Prospect Hill.
  • The drilling program is designed for a maiden Mineral Resource Estimate.
  • Record rainfall caused delays and damage to access roads, affecting the drilling timeline.
  • Tin prices have increased nearly 20% year-to-date, driven by supply risks and high demand for electronics.
  • HRE aims to define a high-grade tin resource at South Ridge, with 24 Reverse Circulation holes and 5 diamond holes planned.
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.