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Australian Rare Earths Ltd

AR3 Secures A$771k Government R&D Incentive

AR3 has received a A$771,000 Research and Development Tax Incentive for the work being undertaken at its Koppamurra rare earth project in South Australia. The incentive, which takes the form of a cash rebate, is a validation of the innovative and important work that AR3 is doing to support the achievement of the Federal Government's Critical Minerals Strategy 2023-2030 objectives.

The Company is undertaking extensive metallurgical research and process development activities to optimise how rare earths will be extracted from the Koppamurra Project. This work is a key component to commercially developing the project, as a secure and reliable source of Australian rare earths, in the future.