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Chilean Cobalt said NeoRe completed drilling at the proposed MEP-1 site, ordered principal long-lead equipment and expanded the project area by about 30,800 hectares to about 67,400 hectares. First MREC output is targeted for early 2027, subject to permits and other factors.
Chilean Cobalt reports exploration and development updates at its NeoRe Rare Earth Project in southern Chile, including completed drilling, long-lead equipment orders and a 30,800-hectare expansion.
The company also advanced NeoRe exploration and ordered long-lead equipment.