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Australian Rare Earths Limited Extends Mineralisation at Koppamurra Rare Earths Project Australian Rare Earths Limited

Australian Rare Earths Limited Extends Mineralisation at Koppamurra Rare Earths Project

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Australian Rare Earths Limited (ASX: AR3), a leading rare earths exploration company, has announced strong drilling results that extend the known mineralisation at its Koppamurra ionic clay-hosted rare earths project. This significant discovery spans the border between South Australia and Victoria.

The regional drilling campaign, conducted from February to June 2023, involved more than 1,300 holes for a total of 16,394 meters.

The campaign generated approximately 8,500 assays, which were submitted to Bureau Veritas (BV) in Adelaide for analysis.

The drilling program successfully extended the mineralisation near the current Koppamurra Mineral Resource Estimate of 101 million tonnes at 818ppm TREO (total rare earth oxide).

Results from the drilling also demonstrate the extension of mineralisation within Victoria.
Mineralisation at Koppamurra remains open to the north and south, providing significant potential for further expansion.

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The results will be incorporated into the upcoming Resource update scheduled for later this year.

CEO Travis Beinke expressed his satisfaction with the results, stating, "These strong results support our strategy of continually expanding the highly valuable Koppamurra Resource. The open mineralisation to the north and south offers immense potential for further growth, aligning with our goal of establishing a world-scale ionic clay-hosted rare earths province in a premier location. "

With the remaining assay results expected by the end of July, Australian Rare Earths Limited plans to update the existing 101 million tonnes Mineral Resource Estimate and the Exploration Target of 330 million to 1. 4 billion tonnes. The company anticipates commencing the next drilling program in Q4 2023, focusing on further exploring the potential of the province at Koppamurra.

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