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AR3 - Australian Rare Earths (2 Viewers)

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Australian Rare Earths Limited is a company focused on Ionic Clay hosted rare earths resource opportunities in South Australia and Victoria. The Company currently holds one granted exploration licence (EL) in South Australia and one granted EL in Victoria, and is the applicant for three further South Australian exploration licences.

The Company’s primary focus is our 100%-owned Koppamurra Project, a district scale ionic clay rare earth opportunity located in South Australia and Victoria containing a high value REE assemblage with low radioactivity. The Company has already had significant exploration success through the discovery of the Red Tail and Yellow Tail deposits, including the declaration of a maiden Mineral Resource the grade of which is comparable with those found in southern China, the major source of heavy rare earths.

The success of the Company’s first drilling campaign, incorporating aircore, auger and push-tube core techniques, was obtained from drilling of less than 5% of the Project area.

It is anticipated that AR3 will list on the ASX during June 2021.

 

Dona Ferentes

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Listing date25 June 2021 #
Contact detailshttp://www.ar3.com.au/
Ph: 1300 646 100
Principal ActivitiesRare earths exploration and development
GICS industry groupTBA
Issue Price$0.30
Issue TypeOrdinary Fully Paid Shares
Security codeAR3
Capital to be Raised$12,000,000
Expected offer close date4 June 2021
UnderwriterNot underwritten. Taylor Collison Limited (Lead Manager)
 

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