Australian Rare Earths Limited (ASX: AR3) has advanced its Overland Uranium Project, now spanning ~4,000km. The 2024 drilling campaign, totalling 3,271 meters, successfully identified a north/south trending palaeovalley with features ideal for sedimentary-hosted uranium deposits, including permeable sediments, uranium-rich source rocks, and effective reductants.
Drilling highlighted high-priority targets along the western margin of the palaeovalley, with abundant lignite horizons and anomalous gamma readings. Supported by CSIRO research, the next phase begins this month, focusing on mapping the palaeovalley further south and testing priority targets.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.