To be fair, AR3 only listed on the ASX in July 2021 after...

To be fair, AR3 only listed on the ASX in July 2021 after raising $12m at .30 cents (heavily oversubscribed).

That’s not quite 2 years ago which is a very short time and would be some kind of record for any company to release a scoping study in that time frame.

Better yet, it also means that AR3 is potentially highly-leveraged to add SH value.

Clay-hosted rare earths’ projects are a different kind of exploration animal to what most people are use to with other minerals which require deeper drilling methods to capture the complete alluvial picture. Also, unlike their hard rock counterparts, they have much easier production methods and more importantly they have all the key mixes of goodies without the radioactive waste streams.

Therefore, AR3 are in a league of their own. But have they completely de-risked the project. Certainly not! What they have done is de-risked their processing and metallurgy test work. By being able to whip up material into a carbonate concentrate using off the shelf equipment is an Australian first and puts them on a pedestal to be the only ‘secure’ project outside of China – there is no one else in a tier1 jursidiction but AR3. This is why it is of global significance.

Only China have proven that they have the technical capabilities and knowhow to be able do it and do it economically – the west is playing catch up. So, it's only fair that as part of their ‘growth strategy’ AR3 are allowed the time to keep doing what they are doing on the ground. As they stated in their Announcement today (see Ann), they will continue drilling through May and June.

If successful, AR3 may find limited ‘barriers to entry’ once the drilling and results are known.

Exciting times.

AIMO, DYOR, GLTA(patient)H