Soil Assays Show Up to 116 ppm Uranium at Heavy Rare Earths’ Perenjori Project

Context and Significance of the Uranium Target

Heavy Rare Earths Limited (ASX, HRE) has announced compelling new soil assay results from its 100% owned Perenjori project in Western Australia, confirming a significant uranium target at the Gingaba Well prospect. The assays, which returned uranium concentrations up to 116 parts per million (ppm), correspond with an extensive 8-kilometre airborne radiometric anomaly first identified in 2011. This anomaly’s scale and intensity are comparable to those observed over some of the region’s most notable calcrete-hosted uranium deposits, such as Yeelirrie and Lake Maitland.

Exploration Methodology and Findings

The company’s recent soil sampling program employed advanced ultrafine fraction analysis, targeting the <2 micron soil fraction to detect uranium and rare earth elements with high precision. The spatial correlation between elevated uranium levels in soil and the airborne radiometric anomaly strengthens the case for a substantial uranium system hosted within palaeochannels beneath the surface. Notably, the uranium values recorded at Gingaba Well are on par with or exceed those at several significant Western Australian uranium projects, underscoring the prospect’s potential.

Next Steps, Drilling and Approvals

Heavy Rare Earths plans to initiate a drilling campaign to test the depth and extent of the uranium mineralisation beneath the Gingaba Well anomaly. The proposed program involves shallow drill holes designed to intersect the palaeochannel-hosted uranium target. However, this drilling is contingent upon securing necessary government and cultural heritage approvals, reflecting the company’s commitment to responsible exploration practices and engagement with the Bundi Yamatji heritage corporation.

Regional Context and Strategic Implications

The Perenjori project sits within a uranium-rich province of Western Australia, an area increasingly recognised for its calcrete and palaeochannel-hosted uranium deposits. Heavy Rare Earths’ confirmation of a sizeable uranium anomaly at Gingaba Well positions the company to potentially expand its resource base in a market where uranium demand is underpinned by global energy transition trends. While the current assays derive from soil samples and do not yet represent bulk ore grades, the upcoming drilling results will be critical in defining the deposit’s economic viability.

Outlook and Market Considerations

With uranium prices experiencing renewed interest amid a global push for clean energy, Heavy Rare Earths’ advancement of the Perenjori project could attract significant market attention. The company’s methodical approach, combining geophysical surveys with targeted geochemical sampling, exemplifies modern exploration techniques aimed at de-risking early-stage projects. Investors and analysts will be watching closely as drilling results emerge, which will provide clearer insights into the scale and grade of the uranium mineralisation.