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Heavy Rare Earths Limited (ASX:HRE)

ALERT: Price-sensitive ASX Announcement for HRE
Current share price for HRE : $0.032 -0.003 (-8.57%)+
Announcement
Release
9 Jul 2026 9:44AM
Price at Release
$0.035
Full Release
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Summary
Heavy Rare Earths Limited has announced the receipt of drilling approvals for the South Ridge Tin Project in South Australia, extending the host structure's mapped outcrop to 1.85km. The company's geological team identified new structures parallel to the existing South Ridge Shear, creating additional exploration opportunities. All necessary approvals, including the Program for Environment Protection and Rehabilitation (PEPR) from the South Australian Department of Mines and Energy, have been secured, allowing for an expanded drilling program. This program now consists of up to 36 drill holes to collect material for metallurgical test work, which aims to provide a maiden Mineral Resource Estimate at this advanced tin prospect.
Key Points
  • Total mapped outcrop of the main South Ridge Shear zone extended to 1.85km.
  • New structures identified parallel to existing South Ridge Shear.
  • All approvals, including PEPR, confirmed by South Australian DEM.
  • Drilling program expanded from 28 to up to 36 drill holes.
  • CEO Jason Barnett highlighted the significance of new extensions and parallel structures.
  • Potential for a maiden Mineral Resource Estimate.
  • Camp site and collar pegs prepared for drilling, awaiting road reopening.
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.