Ann: Substantial drilling program underway at Koppamurra, page-2

Nice! This drilling program will continue until early 2023, generating approximately 1,000 samples each week for rare earth element assays. That’s a lot of news to come, leading up to an updated Mineral Resource by late Q1 2023.

With the unquestionable global decarbonisation thematic and forecast growth in demand for rare earth elements in Tier1, safe 'sovereign-trusted' jurisdictions like Australia with high ESG credentials, AR3 is set to capitalise.

These words from MD says it all:

“After delivering what turned out to be a game-changing resource increase in July, we are now moving ahead with the next step in our development plan with a new phase of drilling designed to upgrade and further expand this high-quality deposit,” he said.

“Drilling will target immediate extensions of the MRE, within the Exploration Target and Inferred resource areas which will progress the confidence in the resource footprint and classification, underpinning the economic feasibility of the project.”

“The consistent nature of the deposit enables expedient drilling and rapid Resource growth as well as the ability to undertake progressive rehabilitation, all of which continues to distinguish Koppamurra as a unique rare earth business opportunity.

“The key attributes of Koppamurra include its Tier-1 jurisdiction location, a rare earth element suite that offers the potential to supply both the light and heavy rare earths required for high strength permanent magnets, the shallow, free-digging nature of the mineralisation and a low CAPEX development pathway that offers the potential for a modular, staged approach.

“Significantly, the updated Mineral Resource and adjoining Exploration Targets are based on just 5 per cent of our exploration tenure, highlighting the potential for what could become a generational sized deposit.”

DYOR, GLTAH