Just as Halleck Creek got the top 5 spot in a list of the World’s Top 10 Rare Earth Projects, American Rare Earths has announced plans for resource drilling across some of the 75% of the huge project yet to be explored.

Just as Halleck Creek got the top 5 spot in a list of the World’s Top 10 Rare Earth Projects, American Rare Earths has announced plans for resource drilling across some of the 75% of the huge project yet to be explored.

The wholly owned Wyoming project already has a JORC Resource of 1.43 billion tonnes, which includes 1.05 million tonnes of highly valuable magnet metals Neodymium and Praseodymium (NdPr). This makes it potentially one of the largest and most strategically important rare earths projects in North America as the continent moves towards clean energy.

American Rare Earths (ASX:AARR) has now applied for updated drilling permits for up to 31 holes at Halleck Creek and plans to drill approximately 2,400 metres in total in Q3 of CY2023.

With the deposit open at depth and width, the main aims of ARR’s latest exploration plan are to prove up the resource by identifying the highest-grade areas then define a significant volume of measured and indicated resources.

This information is crucial for resource reporting requirements, particularly as ARR starts to migrate its corporate offices to the US to be more accessible to US investors, and prepares to file reports using the US Securities and Exchange Commission (SEC) reporting standards.

Core material from the upcoming drilling will be used for more detailed metallurgical testing, which has already been highly encouraging, and feed into to the development of an operation requiring low capital and operating expenditure, with a very favourable ESG profile.

Preliminary hydrological sampling and monitoring will be done to build a comprehensive understanding of the project’s impact on water resources, which will help guide environmentally responsible development.

The drilling will also provide additional feedstock material for the top-tier R&D projects into a sustainable rare earths supply chain within the US.

Meanwhile ARR’s geologists are working to expand the regional geological knowledge and increase resource classification at Halleck Creek. Mapping and sampling activities are underway in the newly claimed County Line prospect area, and these efforts will be followed by further exploration of claim holdings west of the current resource areas.

Unlocking potential

CEO and MD Chris Gibbs said he was looking forward to unlocking more the project’s potential: “The outstanding results we achieved with the JORC Resource of 1.43 billion tonnes at Halleck Creek provides the foundation to build what we think will be one of the most important rare earths projects in the US, or even the world.

“The 1.05 million tonnes of NdPr at Halleck Creek can unlock current boundaries of the electrification of the US economy.

“We at ARR are rolling up our sleeves to collect, evaluate, and present the environmental, geological, mining, metallurgical, marketing, and financial data needed to develop Halleck Creek while being stalwart stewards of the environment and trustworthy corporate citizens with the people of Wyoming.”

Last week Halleck Creek was named number 5 in mining.com’s World’s Top 10 Rare Earth Projects.

 

 

 

This article was developed in collaboration with American Rare Earths, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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