Australian Rare Earths (ASX:AR3) secures $771k rebate for Koppamurra R&D

Australian Rare Earths (ASX:AR3) secures $771k rebate for Koppamurra R&D

February 16, 2024 Off By Jack Baker

Australian Rare Earths has received a $771,000 cash rebate from the Australian Government for research and development into metallurgy of its large-scale clay-hosted Koppamurra rare earth project in South Australia.

The explorer is undertaking extensive metallurgical work on the project, a key aspect of unlocking commercialisation and production from one of the largest ionic clay-hosted rare earth provinces in the nation.

China built its sector dominance around the easily extractable deposits, with the Red Dragon’s bans on rare earth extraction and separation technologies having significant implications for western nations’ economic and national security.

The federal government’s Critical Minerals Strategy holds the objectives of building a diverse, resilient, sustainable supply chain, building sovereign processing capability, and extracting value from its onshore resources.

Australian Rare Earths see this grant of validation of the innovative and important work it is doing toward those ends.

The Australian industry has largely been built around hard-rock carbonatite deposits, but mining the true ionic-adsorption clay deposits which can deliver high recoveries through benign low-cost processing are increasingly viewed as the real prize.

Accelerating discovery, extraction, and processing from the deposits is a key focus for the ANSTO – Australian Nuclear Science and Technology Organisation’s – Minerals unit, which has just been provided $13.9 million in funding under the Australian Critical Minerals Research and Development Hub hosted by CSIRO.

ANSTO Chief Executive Officer Shaun Jenkinson said the federal nuclear organisation’s extensive experience working with the elements had helped to unlock Australia’s lower grade deposits.

“Australia already has a rich supply of high-grade rare earths deposits and strong expertise in processing techniques to extract the most out of our resources that puts us in a strong position globally,” Mr Jenkinson said.

“This funding will allow us to gain an even greater understanding of the mineralogy and processing routes needed to tap into clay-hosted and ionic-adsorption deposits, which have higher ratios of sought-after magnet metals.”

Koppamurra clays

Australian Rare Earths’ Koppamurra’s resource estimate currently stands at 186 million tonnes at a total rare earth oxide grade of 712 parts per million, with the company seeing ample scope for continued growth.

The current resource covers about 2% of the total tenement area, and 99 million tonnes sit in the measured and indicated categories.

The bulk of Australian Rare Earths’ exploration activities was previously focused on mapping and understanding the project’s geology, but it has now progressed to the definition stage, with a trial pit constructed to collect samples for offsite testing.

The latest assays have reinforced the potential for a shallow high-grade subset to the Koppamurra resource, with Australian Rare Earths expecting more  in soon from an untested 10-kilometre-long northern strike extension.

[mstock id=”14056″]

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified. 

We are a boutique environment – the home of uncompromisingly high-quality brands spanning news, opinion, and interaction, priding ourselves on promoting discussion and understanding that facilitates growth. We work closely with our clients to really understand what they are trying to achieve and use best practice available to do that!

Contact info

Suite 3, 47 Havelock Street
West Perth WA 6005
info@marketopen.com.au

Stewart Walters
Managing Director
stewart@marketopen.com.au
+61 414 644 166

Amanda Ellis
Chief Content Producer
amanda@marketopen.com.au
+61 438 003 868

Important links

Follow us