AR3 - Australian Rare Earths

[Dona Ferentes]

Holy artificial court surface.

 

[mullokintyre]

Holy artificial court surface.

View attachment 155823

Theres some fair sized gaps to be filled there.
Wonder how long will it take?
Mick

 

[Dona Ferentes]

Still going ... up 30% on top today to be at 82.5c
A revised statement with 155 pp of extra detail out today... defining a province, not just a resource.

Updated Koppamurra Mineral Resource Up 25%, Indicated Resource up 40%, drilling points to a rare earth mineral province.

Australian Rare Earths Limited (ASX: AR3) at the request of the ASX provides an update to recent announcement dated 3 April 2023 “Koppamurra Mineral Resource Up 25%, Indicated Resource up 40%, drilling points to a rare earth mineral province”.

The requested update relates to the Competent Person Statement contained in the report, to ensure the Competent Person Statement Covers both the Exploration Target along with the Mineral Resource assessments contained in the announcement.

The Company is pleased to confirm that the expanded combined Exploration Target for the Frances and Dovetail sites, contained in the 3 April 2023 announcement, has been based upon and fairly represents information complied by the Competent Person.

The updated Competent Persons Statement is shown .... in bold underline text and has been updated in the attached report.

THE one that got away:

 

[Dona Ferentes]

Still going ... up 30% on top today to be at 82.5c.

THE one that got away:

View attachment 155888

I called it at the peak!!

But I guess the true believers will have a chance for a (diluted) nibble.... traded to 63c yesterday and a few piled out, down to 61.5c this morning, until the Trading Halt. And announcement of a Capital Raising.

 

[Dona Ferentes]

Back trading... as low as 50c. Didn't see mention of SPP.

Under the Placement, the Company will issue approximately 24.6 million New Shares at an issue price of $0.45 per New Share, raising gross proceeds of $11.1 million. New Shares will be issued in two tranches:
- Tranche one to raise approximately $10.65 million via the issue of 23,673,442 New Shares
- Tranche Two to raise $0.4 million via the issue of 893,892 New Shares to Directors and Management which is subject to shareholder approval to be sought at an upcoming General Meeting

The issue price of $0.45 represents a 14.5% discount to the 15-day VWAP of $0.526.

Placement participants will receive a free attaching unlisted option on a 1:3 basis, exercisable at $0.57 with a two-year expiry, thereby potentially raising a further $4.7 million if all Placement Options are exercised within the next 2 years.

 

[finicky]

Enter the void.
Quite liked the quick read I did on this company when it spiked.

Not Held

Breakaway Gap half filled - was it all for nothing
WEEKLY

 

[Dona Ferentes]

Quite liked the quick read I did on this company when it spiked.
... Breakaway Gap half filled - was it all for nothing

The 'chosen few' in the placement would be thinking similar thoughts?

 

[Dona Ferentes]

der

 

[Dona Ferentes]

Theres some fair sized gaps to be filled there.
Wonder how long will it take?

not even a few months...
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now 26c, and has been lower.

84% increase in Resource confirms Koppamurra as a world-scale ionic clay-hosted rare earths Province

Highlights
• Mineral Resource estimate increases 84% to 186 million tonnes at 712 ppm TREO; Contained TREO tonnage up 60% to 132,000 tonnes
• Koppamurra is now one of the largest ionic clay-hosted rare earth provinces in Australia with extensive scope for more growth, positioning it as a multi-generational supplier to the electric vehicle and renewable energy markets
• Outstanding scope for ongoing Resource growth with current Mineral Resource covering only ~2% of total Koppamurra tenure
• Mineralisation remains open to the north and south
• A ~30,000 m drilling program is set to start in October 2023 to further expand the Mineral Resource
• Continuing to advance metallurgical testwork and other development studies in parallel

 

[Dona Ferentes]

With OZL taken over by BHP, the old management are finding roles outside.

“It has been very gratifying watching so many people move onto fantastic and more senior roles. It’s a credit to the people who made up OZ Minerals,” old CEO Andrew Cole says. Five members of Cole’s senior leadership team have been appointed chief executives elsewhere since the close of the $9.6 billion deal in May.
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but the new task at hand is exactly the reason I sold out of AR3.
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[Dona Ferentes]

Receiving drip feed grant money... but will these sorts of speculative plays ever amount to anything?

.
Australian Rare Earths Limited has received a A$771,000 Research and Development Tax Incentive for the work being undertaken at its Koppamurra rare earth project in South Australia. The incentive, which takes the form of a cash rebate, is a validation of the innovative and important work that AR3 is doing to support the achievement of the Federal Government's Critical Minerals Strategy 2023-2030 objectives, which include:
• creating a diverse, resilient and sustainable supply chain through strong and secure international partnerships;
• building sovereign capability in critical minerals processing;
• using critical minerals to help Australia become a renewable energy superpower; and
• extracting more value from resources onshore, to creates jobs and economic opportunities, including for regional and First Nations communities.

 

[Dona Ferentes]

Flowsheet Update for Koppamurra Outlines Low Capital Development Pathway

AR3 Identifies Progressive Heap Leaching Development Pathway for Efficient Rare Earths Extraction at Koppamurra

Highlights:
• Metallurgical testwork delivers high recoveries for Magnet Rare Earths (MRE) up to 72% (ranging from 43% to 72%).
• Progressive heap leach development pathway offers lower capital and operating costs compared to tank leach alternative.
• Optionality for modular expansion to scale up production over time across the province.
• Improved environmental sustainability characteristics:
o Very low water consumption
o Reduced power consumption
o Rapid, progressive rehabilitation techniques
• Testwork also indicates lower gangue/impurity profile with higher rare earth in solution characteristics through column leach, favouring this development approach for an economically sustainable basis of development.
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here's another flowsheet:

 

[Dona Ferentes]

roll the dice? I take these sorts of actions as a tacit admission the current focus isn't going anywhere.
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Strengthens Energy Transition Metals Portfolio with Option to acquire Overland Uranium Project in South Australia

Highlights:
• AR3 secures an option to acquire 100% of Valrico Resources Pty Ltd, holder of the Overland Uranium Project.
• The Project encompasses a substantial 1,981 km2 of prospective land in the North-Western Murray Basin, South Australia.
• AR3 targeting paleochannel sediments in highly prospective potential new uranium province.
• The Project aligns with AR3's clean energy transition focus and leverages the Company's proven in-house uranium exploration expertise.

 

[Dona Ferentes]

chasing uranium, upgrading Koppamurra RE.

 

[barney]

Bit of a bump off the lows .... Probably a few stale bulls exiting so 10 cents possible Support?

 

[finicky]

AR3 still going today fwiw - up 25% intraday.
Left a gap down at .095
Not Held

DAILY