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Heavy Rare Earths Limited (ASX:HRE)

ALERT: Price-sensitive ASX Announcement for HRE
Current share price for HRE : $0.032 0.007 (28%)+
Announcement
Release
30 Jun 2026 8:52AM
Price at Release
$0.025
Full Release
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Summary
Heavy Rare Earths Limited (HRE) has initiated a strategic review of its Cowalinya rare earth project in Western Australia, with a focus on Heavy Rare Earth Oxides (HREO). The Cowalinya project hosts a JORC resource of 159 million tonnes at 870 ppm Total Rare Earth Oxides (TREO), with significant zones of higher-grade TREO that are being reinterpreted. The review aims to maximize the project's value by leveraging existing geological data and assessing new opportunities. The scarcity and critical importance of HREOs, such as Terbium and Dysprosium, particularly in the context of recent export controls by China, underscore the strategic significance of the project. HRE has engaged a rare earths expert to lead the review, expected to yield recommendations in the coming weeks.
Key Points
  • Strategic review of Cowalinya project initiated by HRE.
  • Focus on Heavy Rare Earth Oxides (HREO) due to critical global demands.
  • Cowalinya hosts a JORC resource of 159Mt at 870ppm TREO.
  • Higher-grade TREO zones are being reinterpreted.
  • China's export controls on HREOs increase the project's strategic importance.
  • Review expected to provide strategic recommendations soon.
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.