Australian Rare Earths Limited (ASX:AR3) Announces Expansion of Overland Project
Project Expansion
Australian Rare Earths Limited (ASX:AR3) has expanded its Overland Uranium Project by acquiring an additional 799 km² of highly prospective uranium exploration tenure, adjacent to its existing holdings. This expansion increases the total project area to approximately 4,800 km² within South Australia’s Murray Basin.
Promising Geology
Geological and geophysical analyses have identified multiple potential uranium sources, pathways, and traps within the new and existing tenure. The additional tenure overlaps with the Nadda Basin, a region known for Kazakh-style uranium mineralisation, which accounts for around 40% of the global uranium supply.
Future Drilling Plans
AR3 plans to continue its 2025 drilling program, focusing on deeper paleochannel-hosted, in-situ recoverable (ISR) deposits and testing new targets along the western margin of a palaeovalley. Assay results from recent drilling are expected to be released over the coming months, alongside ongoing data analysis and geophysical surveys to refine exploration efforts.
Executive Comments
AR3 Managing Director and CEO, Travis Beinke, stated, “The granting of this extensive new tenure at the Overland Project marks another step forward in our strategy to build an outstanding uranium exploration portfolio. The addition of 799 km² of highly prospective ground, adjoining our existing Overland Project, enhances our discovery potential. This strategic addition underscores our commitment to delivering long-term value for our shareholders by determinedly pursuing high-impact exploration opportunities in a sector vital to the global clean energy transition.”
Motley Fool contributor Aaron Shaw 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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