OAR Resources Limited
OAR.AX
Australian Securities Exchange0.04
AUD
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OAR Resources Limited
OAR.AX
(Australian Securities Exchange)
Recent
price
0.04
P/E
ratio
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div
yld
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ROIC.AI
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- Business
- OAR Resources Limited, recently rebranded as Core Energy Minerals Ltd effective November 29, 2024, is a diversified mineral exploration and development company focused on battery and critical minerals including rare earth elements (REE), uranium, nickel, copper, lithium, and precious metals. The company’s core asset portfolio encompasses the Crown Nickel-Copper-PGE Project in the Julimar District of Western Australia; the Denchi Lithium Project and other lithium and battery minerals assets in the Northern Goldfields; extensive tenements across the Western Eyre Peninsula in South Australia featuring graphite, halloysite-kaolin, and rare earth element potential; gold exploration rights in Nevada, USA; and additional projects in Namibia and Brazil targeting uranium and REE deposits. It also holds a gold lixiviation plant in Peru through its subsidiary Ozinca Peru SAC. OAR’s product and service offerings include mineral exploration, development of battery and critical mineral projects, and gold processing services. In recent developments, OAR completed strategic acquisitions and pegging applications for exploration tenements in Namibia’s Erongo region and Brazil, aiming to expand its uranium and rare earth mineral portfolio. These activities align with a strategic shift to diversify geographically and enhance exposure to in-demand battery and critical minerals essential for electric vehicles and renewable energy technologies. The company also executed a 1-for-20 reverse stock split in December 2024 and finalized its rebranding to Core Energy Minerals Ltd to reflect its evolving focus. Furthermore, OAR secured a $750,000 unsecured short-term loan to fund ongoing exploration and business advancement. Founded in 2001 and headquartered in Perth, Australia, OAR Resources operates across multiple continents, including Australia, North America, South America, and Africa. Its customer base primarily consists of industrial users of battery minerals, mining investors, and stakeholders in renewable energy supply chains. OAR continues to assess and acquire high-quality projects to strengthen its presence in tier one mining jurisdictions with a commitment to sustainable resource development and critical mineral supply.