Latest Heavy Rare Earths News

Iluka Resources has locked in a long-term supply deal with VHM Limited for rare earth concentrate from the Goschen project, underpinning its Eneabba refinery feedstock with a $40 million convertible note commitment to aid project development.

Piche Resources has identified extensive high-grade rare earth mineralisation enriched in critical magnet rare earth elements across a 30 km strike at its Ashburton Project, alongside significant uranium prospects.

Terrain Minerals has reported compelling assay results from 35 air core holes at its Lort River Rare Earths Project in Western Australia, revealing a broad, shallow clay-hosted rare earth system with standout high-grade intervals and significant heavy rare earth proportions.

Bayan Mining has partnered with The University of Queensland to push forward its patented yttrium processing technology, aiming to validate and optimise the process using Australian rare earth feedstocks and support pilot-scale development.

Heavy Rare Earths Limited has initiated a strategic review of its Cowalinya rare earth project, focusing on heavy rare earth oxides critical for energy and defence sectors. The review aims to unlock value from high-grade zones within a substantial JORC resource through expert reinterpretation and targeted metallurgical testing.

Iondrive Limited has gained a significant boost from the Oklahoma Department of Commerce, receiving a Letter of Support and potential incentives valued at over US$15 million for scaling its rare earth recycling modules in the US.

New Frontier Minerals is ramping up exploration at its Harts Range Project, focusing on 40 untested geophysical targets with an initial spotlight on the Kings Cross magnetic anomaly. Recent independent research underscores the district-scale copper-nickel-PGE potential of the region, reinforcing the strategic value of NFM's tenure.

Chilwa Minerals has identified widespread rare earth element mineralisation in clays directly beneath its Mposa heavy mineral sands deposit in Malawi, revealing potential for a dual-commodity mining operation pending metallurgical test results.

Ioneer Ltd has been conditionally awarded a long-term land lease by the U.S. Army to establish a critical boron processing facility at the Tooele Army Depot in Utah, marking a significant step in securing domestic defense supply chains.

Core Energy Minerals (ASX:CR3) has reinforced the prospectivity of its Tunas Rare Earth Element Project in Brazil with new assay results confirming thick, near-surface mineralisation and elevated yttrium levels, while mineralisation remains open at depth.

Basin Energy's maiden drilling at Newmans Prospect outlines a 3.3 km corridor of magnet rare earth mineralisation, validating a preserved-weathering exploration model and identifying two priority target zones for follow-up.

Astron Limited is advancing talks for a $220 million senior debt package to fund Phase 1 of its Donald Rare Earths and Mineral Sands Project, with a final investment decision now expected in Q3 2026.