Australian Rare Earths Limited (ASX:AR3) Announces Uranium Exploration Results
Exploration Results
Australian Rare Earths Limited (ASX:AR3) has announced an update on its Overland Uranium Project, detailing successful shallow uranium exploration. The company’s recent drilling has extended calcrete-hosted uranium mineralisation, defining a broader target area bounded by faulting with anomalous gamma and pXRF uranium readings.
Operational Achievements
To date in 2025, AR3 has completed 68 drillholes totaling 6,167 meters. The identification of near-surface calcrete-hosted mineralisation complements the company’s initial focus on deeper ISR-amenable palaeochannel uranium targets, creating a dual-asset opportunity. Recent drilling has identified key targets with elevated gamma responses up to 1,010 cps and pXRF uranium values exceeding 50 ppm.
Future Drilling Plans
AR3 will continue its 2025 drill program to delineate the extent of the near-surface uranium occurrence and test additional targets for similar mineralisation styles. High-priority assay results are expected over the next few months, enhancing the understanding of the mineralisation’s orientation and setting for ISR-amenable deposits.
Executive Comments
Managing Director and CEO Travis Beinke stated, “This AR3 Overland drilling update marks another step forward in unlocking the uranium potential of our project. The extension of the near surface uranium footprint and the strong support for our calcrete-hosted model underscore the prospectivity we initially recognised. Our systematic approach to exploration and targeted drilling continues to deliver results. Importantly, our targeted drilling is now focused on high-priority zones, guided by a clearer understanding of the mineralisation’s orientation and the favourable geological settings we’ve identified at depth for ISR amenable uranium deposits. With the drill program continuing, we look forward to reporting further results as we test the numerous high-priority targets we have identified.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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