American Rare Earths keen to unlock potential of new high-grade discovery | News Direct

American Rare Earths keen to unlock potential of new high-grade discovery

American Rare Earths Ltd
News release by American Rare Earths Ltd

facebook icon linkedin icon twitter icon pinterest icon email icon Melbourne, Victoria | July 26, 2023 02:10 PM Eastern Daylight Time

American Rare Earths Ltd (ASX:ARR, OTCQB:ARRNF) CEO Chris Gibbs tells Proactive the company has identified a new significant rare earth element (REE) deposit in Wyoming, US (Beaver Creek REE project) containing grades between 1.7% and 9.1% of rare earths lanthanum, cerium, neodymium, praseodymium and yttrium.

The company has staked 37 federal unpatented lode claims covering about 303 hectares (749 acres) at the Beaver Creek REE Project.

"These are outstanding results from the initial field work and the exploration team we have on the ground in the United States,” Gibbs told investors on Tuesday.

“The newly staked claims are within the same state as our flagship Halleck Creek project, which already has a JORC Resource of 1.43 billion tonnes.

“Given the proximity of these new claims to Halleck Creek, we’re very excited about the future synergies and opportunities between both projects and we look forward to conducting further exploration activities to unlock the potential of this new high-grade discovery.”

Grab samples have been sent to ALS Global for assay, while a detailed mapping and sampling program will be fast-tracked to deepen ARR’s understanding of the deposit.



Contact Details


Proactive Investors


Jonathan Jackson


+61 413 713 744

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