Australian Rare Earths (ASX: AR3) has significantly expanded its Koppamurra mineral resource estimate (MRE) with a 27% increase in the MRE and a 70% boost in the higher-grade subsets.
AR3 managing director and CEO, Travis Beinke said, “We are pleased to announce another significant milestone in delineating the rare earths mineral province discovered by AR3 at Koppamurra. This substantial increase in the mineral resource estimate, coupled with the improved grade and higher-grade tonnage, reinforces our belief in the project’s potential to become a strategically important, long-life supplier of critical rare earths.
The mineral resource now includes 68Mt grading over 1000ppm TREO, representing a 70% increase on the previous mineral resource estimate, highlighting the potential for an initial higher-grade project development plan.
Also, higher grade subsets have been identified. Infill drilling has defined thicker, Northwest trending areas of continuous higher-grade mineralization within the resource.
“The updated minerals resources estimate has underscored the significant potential for a shallow,
higher-grade subset of the broader rare earth deposit. The additional drilling, along with ongoing
improvements to the resource model provide us with growing confidence in the consistency of the
mineralization.” Beinke added.
To find out more, please visit www.ar3.com.au
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