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Australian Rare Earths Ltd

Koppamurra proposed project flowsheet and strategic enablers

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Koppamurra International Partnerships and Australian Government grant

Australia’s Critical Minerals Strategic Reserve welcomed: AR3 welcomes the announcement by Prime Minister Albanese and Resources Minister King of plans to create a Critical Minerals Strategic Reserve, highlighting the strategic importance of rare earths to safeguard Australia’s sovereign interest.

Investment to unlock new supply: The proposed national offtake agreements and selective stockpiling of critical minerals could be a key enabler of projects such as AR3’s Koppamurra light & heavy Rare Earths project, to create new and diversified supply.

AR3’s Koppamurra Rare Earth Project advancing: AR3 is advancing Koppamurra with the support of a co-funded Australian Government grant of $5 million from the International Partnerships in Critical Minerals Program.

Koppamurra strategically positioned with potential time-to-market:As an ionic clay-hosted rare earths deposit, AR3’s Koppamurra project design will benefit from a potential time-to-market competitive edge to be an early supplier of new non-China supply, by virtue of relatively lower capex, simpler flowsheet and lower technical risk.

AR3 Managing Director and CEO, Travis Beinke, said:

“Geopolitical developments have underscored the importance of new and secure supply of critical minerals in general, and rare earths in particular. AR3’s Koppamurra project is well placed to be part of this. We welcome today’s announcement by Prime Minister Albanese and Resources Minister King that a re-elected ALP government would create a Critical Minerals Strategic Reserve.

Today’s announcement by the Prime Minister and the Resources Minister, following the recent moves by China to impose export restrictions on a range of heavy rare earth elements, including the key magnet heavy rare earth elements Dysprosium and Terbium, underscores the strategic importance of the Koppamurra Rare Earths Project in building diverse, resilient and sustainable supply chains.

AR3 has been active in advocacy to policy makers along these lines, including through participation in the Australian Strategic Policy Institute (ASPI) Darwin Dialogue on Critical Minerals and Rare Earth and the publication of policy suggestions in ASPI’s The Strategist Article: Critical minerals need insulation from China's market manipulation 

What is clear is that ionic clay-hosted deposits, particularly those like Koppamurra which are amenable to development via a progressive and rapid rehabilitation heap leach approach, will benefit from a potential time-to-market competitive edge to be in the vanguard of new non-China supply, by virtue of relatively lower capex, simpler flowsheet and lower technical risk.”

Australian Rare Earths Limited (ASX:AR3, or “Company”) welcomes the announcement from the Prime Minister and the Resources Minister, that a re-elected government would create a Critical Minerals Strategic Reserve with an initial investment of $1.2 billion[1]. The plan to introduce two new mechanisms, national offtake agreements and selective stockpiling of critical minerals, is a positive step forward in a time of global uncertainty and will help unlock the next wave of projects to produce the critical minerals and rare earths required for a Future Made in Australia.

AR3 looks forward to participating in Government-Industry consultation for implementation of the Critical Minerals Strategic Reserve.

[1] https://anthonyalbanese.com.au/media-centre/albanese-government-to-establish-critical-minerals-strategic-reserve

Critical Minerals Strategic Reserve underscores strategic importance of rare earths