Heavy Rare Earths to acquire high-calibre SA uranium projects from Havilah Resources

Heavy Rare Earths Havilah Resources ASX HRE HAV uranium prospects sale Heavy Rare Earths (ASX: HRE) has entered into an agreement with Havilah Resources (ASX: HAV) to acquire the Radium Hill, Lake Namba-Billeroo and Prospect Hill uranium projects in north-eastern South Australia.

The three projects cover a total area of 2,949 square kilometres across 22 tenements or part-tenements in the uranium-rich Curnamona Province in an area that hosts two operating in-situ leach (ISL) mines at Honeymoon – owned by Boss Energy (ASX: BOE) – and Four Mile, owned by private company Heathgate Resources.

Heavy Rare Earths plans to initially target extensions of the Radium Hill deposit, the southern extension of the Billeroo palaeochannel, the southern Namba palaeochannel and potential palaeochannels north and east of Prospect Hill. Exploration commitment

Heavy Rare Earths will earn an initial 80% interest in the uranium rights on all projects by spending $3 million on exploration and […]

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