Heavy Rare Earths

HRE June 2023 Quarterly Activities Report & Appendix 5B

Heavy Rare Earths Limited(“HRE” or “the Company”) is pleased to announce its June 2023 quarterly activities report for the fourth quarter since listing on the Australian Securities Exchange (ASX).


  • Assays from final 98 holes at Cowalinya deliver high-grade rare earths up to 14 kilometres from newly discovered Western Zone
  • Resource consultant engaged to update Mineral Resources and estimate Exploration Target for Cowalinya project
  • Strategic Metallurgy completes diagnostic leach test work to support the design of a metallurgical flow sheet for Cowalinya
  • Reconnaissance visit to Duke rare earth project identifies extensive area for first- pass systematic exploration
  • New tenement for rare earths exploration granted in Western Australia
  • Well-funded to progress with company objectives and exploration activities

HRE’s key exploration project is Cowalinya in the Norseman-Esperance region of Western Australia. This is a clay-hosted rare earth project with a JORC Inferred Resource of 28 Mt @ 625 ppm TREO1 and a desirable rare earth composition where 25% are the valuable magnet rare earths and 23% the strategic heavy rare earths.

Cowalinya Rare Earth Project, Western Australia

Resource Exploration and Expansion Program

During the quarter the Company announced assays from the final 98 air core holes from its 441-hole resource exploration and expansion drilling program at Cowalinya (refer to ASX announcements 12 April 2023 and 1 May 2023) completed in the September-December 2022 period.


Click here for the full ASX Release

This article includes content from Heavy Rare Earths, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

HRE:AU
The Conversation (0)
Positive Feasibility Study Demonstrates Profitable Magnet Recycling Business in UK

Positive Feasibility Study Demonstrates Profitable Magnet Recycling Business in UK

Landmark Belfast facility backed by UK Government shows strong returns and supply chain engagement

Ionic Rare Earths Limited (“IonicRE” or the “Company”) (ASX: IXR) wholly owned subsidiary Ionic Technologies is on track for the development of a unique commercial REO manufacturing facility in Belfast, UK, following the successful completion of a Feasibility Study that demonstrates both strong financial returns and environmental sustainability. The study positions Ionic Technologies as the ‘first mover’ in the development of a sustainable, traceable and sovereign UK/Europe supply chain, meeting the demands of the net-zero transition, advanced manufacturing and defence.

Keep reading...Show less
CuFe Ltd

Sale of Crossroads Gold Royalty for A$4 Million Cash

CuFe Ltd (ASX: CUF) (CuFe or the Company) is pleased to announce that its wholly owned subsidiary Jackson Minerals Pty Ltd (Jackson) has entered into a binding sale and purchase agreement with Northern Star (Saracen Kalgoorlie) Pty Ltd and Northern Star (KLV) Pty Ltd (collectively Northern Star) for the sale of Jackson’s 2% Net Smelter Royalty over Northern Star’s Crossroads gold project.

Keep reading...Show less

Ucore Closes Private Placement Financing

Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that has closed its previously announced non-brokered private placement offering of 4,803,329 units (the "Units") at a price of $0.50 per Unit for gross proceeds of $2,401,665 (the "Offering"). Each Unit consists of one common share in the capital of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share (a "Warrant Share") for a period of 24 months following the date of closing of the Offering (the "Closing Date", being the date hereof) at an exercise price of $0.75.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
ChemX Materials

ChemX Receives $661,890 R&D Refund

ChemX Materials Limited (ASX:CMX) (ChemX or the Company), an Australian high purity critical materials company and 100%-owner of the HiPurA® patented process to produce High Purity Alumina (HPA) in O’Connor, Western Australia is pleased to advise it has received its FY24 R&D Refund from the ATO.

Keep reading...Show less
Person signing paper.

Viridion Joint Venture Signs MOU for Rare Earth Magnet Supply in Brazil

Viridion, a joint venture between Ionic Rare Earths (ASX:IXR,OTC Pink:IXRRF) and Viridis Mining and Minerals (ASX:VMM), has signed a five year memorandum of understanding (MOU) with the owner of Lab Fab.

Lab Fab, which is owned by SENAI FIEMG Innovation and Technology Centre, is South America's first rare earth magnet laboratory. The facility is located in Brazil, which is looking to boost its rare earths presence.

The MOU will target the joint development and production of rare earth magnets at Lab Fab.

Keep reading...Show less
  Bastion Minerals

Up to 18% REE & 24% Copper PXRF Analyses in REE Line, Sweden - Coinciding with High Magnetic Responses

Bastion Minerals Ltd (ASX:BMO or the Company) is pleased to provide an update on its activities in Sweden, where the Company holds the highly prospective high-grade copper (Cu) and Rare Earth Elements (REE) Gyttorp area no. 100 property (Gyttorp Project or Gyttorp) and eight additional properties along the REE line (Figures 1 and 2, Table 1).

Keep reading...Show less

Latest Press Releases

Related News

×