Rare earth search targets Limestone Coast

Rare earth search targets Limestone Coast

A new Naracoorte-based mining company is about to start drilling for rare earths at a deposit in Koppamurra.

Australian Rare Earths Limited (AREL) was launched on the Australian Stock Exchange in July and it has established an office and warehouse in Naracoorte.

The areas to be drilled are sites in the Hynam, Frances and Comaum districts.

Rare Earth Elements are a group of 17 metals critical to making magnets in high-tech products.

AREL non-executive chairman Professor Dudley Kingsnorth has recently made an upbeat statement to the Australian Stock Exchange.

“Starting our maiden drilling program so soon after our successful initial public offering in July is proving to be a most fulfilling time for AREL,” Prof Kingsnorth said.

“There has been a great deal of hard work by a dedicated team of people to get us to the point where we will soon have drill rigs on the ground.

“Establishing the office in Naracoorte is an integral part of our community presence, ensuring the local community is not only comfortable with what we are doing, but fully understands the opportunities that could come with what we are pursuing.”

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