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Heavy Rare Earths Limited (ASX:HRE)

ALERT: Price-sensitive ASX Announcement for HRE
Current share price for HRE : $0.032 -0.008 (-20%)+
Announcement
Release
18 Aug 2026 9:40AM
Price at Release
$0.040
Full Release
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Summary
Heavy Rare Earths Limited announced a significant expansion of its Subron project in Western Australia with the acquisition of two new tenements, increasing the project area to 562 km². This expansion aims to capture extensions of high-grade HREO domains identified through a strategic review, which highlighted multiple high-value targets named after submarines. Notable findings include prospects like Blume, Hunley, and Seawolf, with promising drill results indicating substantial HREO and TREO ratios. The project features critical structural corridors likely to host HREO mineralized trends, positioning Subron as a significant potential supplier of critical minerals. The company plans further drilling and strategic evaluations to enhance resource classification and define additional high-grade mineralization.
Key Points
  • Heavy Rare Earths Limited has successfully applied for two additional tenements contiguous to the Subron project, increasing the area by 268% to 562 km².
  • The company has identified multiple high-grade HREO targets within the Subron project, including prospects named Blume, Hunley, and Seawolf.
  • Interpreted high-grade domains have been named after submarines, utilizing more than 4,000 kgs of rare earths in their construction.
  • Drill results highlight significant intercepts such as 3m at 2246ppm TREO with a 66% HREO ratio and 8m at 3057ppm TREO with a 42% HREO ratio.
  • The strategic review has identified over 50km of sub-parallel structural corridors within the expanded tenure, holding potential HREO mineralised trends.
  • Future work includes additional drilling to convert Inferred resources to Indicated and explore further extensions of high-grade domains.
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.