Heavy Rare Earths Limited advised of its acquisition of two granted exploration licences, E63/2144 and E63/2145, from Future Metals Group Pty. Ltd. These are located immediately south-west of and contiguous with its Cowalinya tenement E63/1972. Their combined size is approximately 20 km (c.f., E63/1972 224 km2).

Both tenements are on unallocated crown land and neither has been targeted for rare earths in previous exploration. Drilling by HRE suggests there is strong potential for thick developments of saprolite-hosted rare earth mineralisation to continue westwards from E63/1972 into E63/2144. The Company acquired both licences for a total of $50,000 in cash consideration.