AR3 has received a further $2.1 million IPCM grant instalment, taking total funding to $4.85 million of its $5 million award (remainder due early 2027). The payment follows June's Koppamurra PFS (A$858 million NPV8, 99% IRR, ~1 year payback on A$178 million capex) and Maiden Ore Reserve.

Pilot-scale processing continues at ANSTO, with first bulk MREO samples expected late September 2026 for customer qualification and DFS work. Next steps: continue pilot processing, start the DFS, and submit the Mining Lease application by end of 2026.

Read the full article: https://investornews.com/member_news/2-1-million-ipcm-grant-instalment-received-as-koppamurra-pilot-processing-continues-at-ansto/