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Heavy Rare Earths Limited (ASX:HRE)

ALERT: Price-sensitive ASX Announcement for HRE
Current share price for HRE : $0.050 0.016 (47.06%)+
Announcement
Release
24 Apr 2026 9:57AM
Price at Release
$0.034
Full Release
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Summary
Heavy Rare Earths Limited (HRE) provided its March 2026 Quarterly Activities Report, highlighting significant advancements in its South Australian projects. The company is preparing for a maiden 2,500m drill program at the Prospect Hill Tin project, with a drilling contractor engaged and environmental and cultural surveys underway. Positive amendments were made to the agreement with Havilah Resources Limited, including the addition of yttrium and scandium in the Radium Hill project. The report also outlines promising mineralogical results from Radium Hill, with the identification of high-value rare earth elements (REEs) in Monazite and Xenotime. Financially, the company reported exploration and evaluation expenditures of $143,000 for the quarter, primarily related to consulting and labour at Radium Hill and Lake Namba-Billeroo tenements. HRE aims to leverage high yttrium prices and advance its exploration activities aggressively.
Key Points
  • Maiden drill program at Prospect Hill Tin project set for late May to early June.
  • Amended agreement with Havilah Resources expands mineral rights at Radium Hill.
  • Mineralogical findings show high-value REEs in Monazite and Xenotime at Radium Hill.
  • Exploration expenditure during the quarter totaled $143,000.
  • High yttrium price increase noted, enhancing project economics.
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.