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Koppamurra Rare Earths Project, SA

Australian Rare Earths Limited (AR3) | Pre-Feasibility Study and maiden Ore Reserve | Released 25 Jun 2026

Mine life
12 years
Initial life of mine
Strip ratio
1.52
LOM, waste:ore
NPV
A$858 million
Post-tax, 8%, base case
Capex
A$178 million
Initial, incl. contingency

Inferred share: ~29% Inferred in LOM production target

Figures are as the company states them, in its currency and on its basis. "Not disclosed" means the release doesn't state the figure.

Planning inputs

~29% Inferred in LOM production target | Pit wall slope 50° | Mining loss 5% | Contract mining | Ore Reserve by Mineral Technologies

Also in the release

Free-dig ionic clay ore at 924 ppm TREO feeds a 3 Mtpa heap leach at 68% TREO recovery. AISC US$38.32/kg TREO. Pre-tax NPV8 A$1,196M. First production targeted by 2029. Dilution not disclosed.

Read the release on the company's siteAdded to the tracker; released before the first issue of The Study Sheet.

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