Heavy Rare Earths Limited (HRE), a publicly-listed company on the Australian Securities Exchange (ASX), has released its quarterly activities report for June 2023. This marks the fourth quarter since the company’s listing. The report highlights significant developments and achievements during this period.
One noteworthy accomplishment is the completion of assays from the final 98 holes at the Cowalinya site. These assays have revealed the presence of high-grade rare earths, located up to 14 kilometers away from the newly discovered Western Zone. This discovery opens up exciting possibilities for further exploration and resource extraction in the area.
In an effort to enhance the understanding of the Cowalinya project, HRE has engaged the services of a resource consultant. This consultant will provide valuable expertise to update the Mineral Resources estimation and also determine an Exploration Target for the Cowalinya project. These assessments are crucial in evaluating the potential of the site and planning future mining operations effectively.
To support the design of a metallurgical flow sheet specifically tailored for the Cowalinya project, Strategic Metallurgy has conducted comprehensive diagnostic leach test work. This test work will provide essential insights into the optimal processing methods for extracting and refining rare earth minerals from the Cowalinya deposit. By optimizing the metallurgical processes, HRE aims to maximize the recovery of valuable rare earth elements while minimizing costs and environmental impact.
During this quarter, HRE undertook a reconnaissance visit to the Duke rare earth project. This visit served as an initial assessment of the project’s potential and provided valuable insights into the geological characteristics of the area. The information gathered will aid in determining the feasibility of future exploration and development activities at the Duke site.
Furthermore, HRE continues to maintain a strong focus on sustainability and environmental stewardship. The company adheres to responsible mining practices and is committed to minimizing any adverse impacts on the environment. HRE’s dedication to sustainable operations ensures that their activities align with best practices in the industry and contribute positively to the communities they operate in.
In conclusion, HRE’s June 2023 quarterly activities report highlights significant advancements made during this period. The successful assays at Cowalinya, engagement of a resource consultant, completion of diagnostic leach test work, and reconnaissance visit to the Duke project demonstrate the company’s commitment to exploration, resource development, and operational efficiency. With a strong emphasis on sustainability, HRE is well-positioned to navigate the challenges of the rare earth market while creating long-term value for its stakeholders.
