{"id":33361,"date":"2023-05-26T08:25:17","date_gmt":"2023-05-26T07:25:17","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=33361"},"modified":"2024-02-16T15:44:35","modified_gmt":"2024-02-16T15:44:35","slug":"advancing-rare-earth-exploration-in-australia","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/advancing-rare-earth-exploration-in-australia\/33361\/","title":{"rendered":"Advancing rare earth exploration in Australia"},"content":{"rendered":"
Heavy Rare Earths Limited (ASX:HRE) is an Australian rare earth exploration and development company with a key clay-hosted rare earth exploration project in Western Australia. Although still in its early stages, the company is making significant progress towards turning its flagship project into a promising development for the production of rare earths.<\/p>\n
To find out more, The Innovation Platform<\/em> spoke to Executive Director Richard Brescianini.<\/p>\n Heavy Rare Earths was formed in early 2022 and listed on the Australian Exchange in August 2022. The company first acquired an option on a property in Western Australia near Esperance where it completed around 3,000m of air core drilling. This resulted in a small resource of 28 million tones at 625 parts per million (ppm) of total rare earth oxides (TREO).<\/p>\n Before this resource had been calculated, I was approached to join the company due to my extensive knowledge and experience in rare earth exploration. I was impressed by the company\u2019s progress and discipline in capital management and agreed to become a director of the company in February 2022.<\/p>\n The company came to market with one main project \u2013 Cowalinya, near Esperance. I also brought a second project into the company \u2013 Duke, in the Northern Territory \u2013 which is in the early stages compared to Cowalinya.<\/p>\n We are currently a small company. When dealing in resource development, and particularly in the business of rare earths, you must be certain that you have a \u2018real project\u2019 with strong potential to be turned into a mine before you invest in expanding the business.<\/p>\n I am an executive director and the only current staff member. There are also two non-executive directors on the board, who consult as required.<\/p>\n The Chairman, John Byrne, has over 40 years of experience in capital markets and bringing mines into development. We are aligned in our view that Cowalinya is a good project but is still in its infancy. We do not want to overwork and overspend on the project before we can determine that it is a viable potential development. We must first ensure that we have a good metallurgical understanding of the potential ore that is sitting in the ground.<\/p>\n The other non-executive director, Ryan Skeen, is the CEO of an Australian-listed company called First Au. He is very bright and focused and is currently learning the craft in the resources game. I value his judgement and my discussions with him.<\/p>\n Between the three of us, we have a good blend of skills. I have also retained the vendor of the Cowalinya project and continue to use him as a consultant, alongside another consultant. In addition, experts from Strategic Metallurgy are undertaking our metallurgical test work.<\/p>\nCan you start by explaining the background of your company, how it was formed, and why you decided to focus on rare earth exploration?<\/h3>\n
What is the managerial background of your company and how does this experience apply to your current work?<\/h3>\n
Can you elaborate on the Cowalinya project?<\/h3>\n