Australian Rare Earths Limited (ASX: AR3) has confirmed significant near-surface uranium intersections from assays at its Overland Project in South Australia, highlighting considerable potential for both shallow and deeper uranium deposits.
Key Highlights:
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Assay results from drill hole OV047 confirmed:
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2 metres at 92ppm U3O8 from 26 metres, including 1 metre at 103ppm U3O8.
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Additional 1 metre intersection at 72ppm U3O8 from 31 metres.
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Identified mineralisation at Overland suggests a promising anomalous zone up to 6 metres thick and over 1 kilometre wide, remaining open in all directions.
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Dual potential for uranium confirmed: shallow calcrete-hosted deposits and deeper, ISR-amenable (in-situ recovery) deposits.
