EDITOR: | August 11th, 2022 | 2 Comments

Marty Weems of American Rare Earths talks about successful drilling results at Halleck Creek

| August 11, 2022 | 2 Comments
image_pdfimage_print

In this InvestorIntel interview with host Tracy Weslosky, American Rare Earths Limited’s (ASX: ARR | OTCQB: ARRNF) President – North America, Marty Weems talks about continuing positive news coming out of its Halleck Creek rare earths project, and how the company plans an updated JORC-compliant exploration target “to give the market an idea of what we mean when we say this project has the potential to be the largest rare earth JORC resource and development in the USA.”

In the interview, which can also be viewed in full on the InvestorIntel YouTube channel (click here to access InvestorChannel.com), Marty tells Tracy that with recent drill results “the grades appear very consistent to depths of exceeding 100 meters, so we’re not talking about a few little high-grade veins of rare earths. We’re talking exceptional thickness,” he says. He goes on to say that “it’s exposed at surface and really consistent to depths exceeding 100 meters, so the majority of the drill holes average over 4,100 parts per million total rare earth content – rare earth oxides – over more than 90 meters of mineralized thickness in average across those holes, so the project remains open at depth and laterally and that’s especially exciting considering we now have over 24 square kilometers of claim control at Halleck Creek.”

Marty tells Tracy that in addition to last week’s reported assay results, American Rare Earths was named the sole industry member of a consortium led by Lawrence Livermore National Laboratory (LLNL) that has been awarded up to $13 million in research funding to develop scalable, bio-based separation and purification of rare earths elements.

To access the full InvestorIntel interview, click here.

Don’t miss other InvestorIntel interviews. Subscribe to the InvestorIntel YouTube channel by clicking here.

About American Rare Earths Limited

American Rare Earths Limited is an Australian company listed on the ASX with assets in the growing rare earth metals sector of the United States of America, emerging as an alternative international supply chain to China’s market dominance of a global rare earth market expected to expand to US$20 billion by the mid-2020s. The Company’s mission is to supply Critical Materials for Renewable Energy, Green Tech, Electric Vehicles, National Security, and a Carbon-Reduced Future.

Western Rare Earths (WRE) is the wholly-owned US subsidiary of the Company. ARR owns 100% of the world-class La Paz Rare Earth Project, located 170km northwest of Phoenix, Arizona. As a large tonnage, bulk deposit, La Paz is potentially the largest, rare-earth deposit in the USA and benefits from containing exceptionally low penalty elements such as radioactive thorium and uranium. Approximately 742 – 928 million tonnes of Rare Earths mineralized rocks are identified as an exploration target in the La Paz Rare Earths project’s Southwest area with an average TREO Grade of 350 – 400ppm and Scandium Oxide grade of 20-24.5ppm. The new exploration Target is additive to the La Paz Rare Earth project recently upgraded 170MT Resource. (ASX Announcement, 29 September 2021). During the period from February to April 2022 the Company drilled nine holes for 821 metres and collected 677 samples in the La Paz southwest area. The assay results from the first 332 samples demonstrate rock type associated with higher rare earth grades. The enhanced grades and thickness of the mineralized zone have accelerated exploration planning. The Company is working on establishing a JORC resource for the southwest area (ASX Announcement, 14 June 2022). Preliminary metallurgical test work demonstrates that La Paz ore can be effectively concentrated using conventional magnetic separation, selective grinding and direct flotation. Under the guidance of Wood Australia, advanced metallurgy and mineral processing test work is near completion with Nagrom Laboratories in Perth Western Australia (ASX Announcement, 7 April 2022).

In the first half of 2021, ARR acquired the USA REE asset, the Halleck Creek Project in Wyoming. Since acquiring the asset the company has increased the land holding to over 6,000+ acres. Approximately 308 to 385 million tonnes of rare earths mineralized rocks were identified as an exploration target for the Halleck Creek project area with an average Total Rare Earth Oxide (TREO) grade of 2,330 – 2,912 ppm. Initial surface sampling of the Overton Mountain area conducted in 2018 revealed average TREO values of 3,297 ppm, average Heavy Rare Earth Oxide (HREO) values of 244 ppm, and average Magnetic Rare Earth Oxide (MREO) values of 816 ppm. (ASX Announcement,26 April 2022). The maiden exploration drilling program was completed in April 2022. The Company is updating the existing exploration target and developing a more comprehensive drilling program with the objective of defining a high tonnage maiden JORC resource.

La Paz and Halleck Creek’s mineral profiles are incorporated into emerging US advanced rare earth processing technologies in collaboration with US national laboratories, major universities and the US DOE innovation hub, the Critical Materials Institute.

To know more about American Rare Earths Limited, click here

Disclaimer: American Rare Earths Limited is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at info@investorintel.com.


Editor:

InvestorIntel.com is a leading online source of investor information that provides public market coverage for both investors and industry alike. A qualified online influencer through ... <Read more about InvestorIntel>


Copyright © 2022 InvestorIntel Corp. All rights reserved. More & Disclaimer »

Comments

  • Thomas

    The chemical nature of rare earths determines how they are mined, extracted and separated, and these methods generally cause environmental pollution. For example, the development and utilization of light rare earth is mostly carried out in a physical way, that is, the ore is mined first and then separated and processed. This mining method has formed a huge tailings pond, which is a huge hidden danger and source of dust and radiation pollution.

    For the mining and extraction of heavy rare earth, the leaching mining method is still the main method. That is, the mine is soaked directly with acid-base solution (such as ammonium sulfate), and the solution and rare earth separation components are recovered in the mountain. While the soaking solution causes environmental pollution, the elements in rare earth cannot be completely recovered, and secondary pollution is inevitable.

    August 15, 2022 - 8:31 AM

  • KUANGMING

    The chemical nature of rare earths determines how they are mined, extracted and separated, and these methods generally cause environmental pollution.The United States has never considered the country as a huge hidden danger and a source of dust and radiation pollution.

    August 24, 2022 - 3:52 AM

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.