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Heavy Rare Earths Limited (ASX:HRE)

ALERT: Price-sensitive ASX Announcement for HRE
Current share price for HRE : $0.032 -0.009 (-21.95%)+
Announcement
Release
20 Jul 2026 9:00AM
Price at Release
$0.041
Full Release
download
Summary
Heavy Rare Earths Limited has conducted a strategic review of its Subron Rare Earths Project, previously known as Cowalinya, in Western Australia. The review revealed significant high-grade mineralisation of Heavy Rare Earth Oxides (HREO) with a peak ratio of 70%, highlighting the project's strategic potential. The project located near Esperance port and the Kalgoorlie Rare Earth Processing Facility, benefits from excellent logistics. High-grade domains have been identified, particularly at the Seawolf Prospect with intersections of 8m at 3057ppm TREO. The review, which involved analyzing 547 aircore drill holes, emphasizes the project's potential alignment with the needs of next-generation submarines due to its geometry and rich deposits of rare earths like Yttrium, Terbium, and Dysprosium. Preliminary metallurgical tests show promising TREO recovery rates, and further comprehensive studies are planned to explore the project's full potential.
Key Points
  • Subron Rare Earths Project renamed from Cowalinya, located in Western Australia.
  • Strategic review highlights high-grade Heavy Rare Earth Oxides (HREO) with a peak ratio of 70%.
  • High-grade mineralisation identified along new structural corridors.
  • Seawolf Prospect recorded high-grade intersections of 8m at 3057ppm TREO.
  • 547 aircore drill holes reviewed, focusing on HREO distribution.
  • Subron's geometry likened to a submarine, aligning with its potential for next-generation submarines.
  • Strategic interest in rare earths enriched in HREOs like Yttrium, Terbium, and Dysprosium.
  • Preliminary leach testwork shows up to 91% TREO recovery.
  • Comprehensive metallurgical work planned to further characterize and understand mineral species.
  • The project is well-positioned logistically near the Esperance port and Kalgoorlie Rare Earth Processing Facility.
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.