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Heavy Rare Earths Limited (ASX:HRE)

ALERT: Price-sensitive ASX Announcement for HRE
Current share price for HRE : $0.040 0.014 (53.85%)+
Announcement
Release
20 May 2026 9:15AM
Price at Release
$0.026
Full Release
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Summary
Heavy Rare Earths Limited (HRE) announced that it has received heritage clearance from the Dieri Aboriginal Corporation for its maiden drilling program at the South Ridge Tin Project, located within the Prospect Hill Project in South Australia. The clearance, approved after a collaborative heritage survey involving HRE, the Dieri Aboriginal Corporation, and an anthropologist, allows HRE to proceed with a 25-hole drilling program. Historical data indicates high-grade tin intersections, suggesting potential for defining a high-grade tin resource. The clearance process was expedited with helicopter access due to challenging road conditions following significant rainfall in the region. HRE has also submitted a program for environment protection and rehabilitation to the Department for Energy and Mining in South Australia, and is coordinating with local contractors to ensure safe access for the drilling program.
Key Points
  • Heritage clearance received from Dieri Aboriginal Corporation.
  • Planned 25-hole, 2,500m maiden drill program at South Ridge.
  • Historic data shows high-grade tin intersections.
  • Helicopter used for site access due to weather-impacted roads.
  • Submitted environmental protection and rehabilitation program.
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.