{"id":917,"date":"2023-11-02T22:56:54","date_gmt":"2023-11-02T22:56:54","guid":{"rendered":"https:\/\/economicherald.net\/?p=917"},"modified":"2023-11-02T22:56:54","modified_gmt":"2023-11-02T22:56:54","slug":"american-rare-earths-on-road-to-growing-halleck-creek-resource","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=917","title":{"rendered":"American Rare Earths on road to growing Halleck Creek resource"},"content":{"rendered":"

American Rare Earths is planning to upgrade the 1.43 billion tonne JORC Resource at Halleck Creek after completing development drilling at what is potentially the largest strategic rare earths project in the US.<\/p>\n

Assay results are expected next month from the 2,389m 23-hole program that identified several high-grade zones, with grades of up to 8,875ppm observed via XRF.<\/p>\n

All drillholes confirmed enriched rare earth mineralisation and, as with previous drilling at American Rare Earths (ASX:ARR)<\/a> flagship project, minimal levels of radioactive penalty elements uranium and thorium were observed.<\/p>\n

The latest positive news follows last month\u2019s announcement that enriched mineralisation was found to a depth of at least 300m. That\u2019s an increase of 178% over previous drilling, which indicates the resource may be much larger than previously expected.<\/p>\n

Even after this latest program only 25% of the deposit has been drilled, and it remains open at depth and width.<\/p>\n

Within the Maiden JORC Resource of 1.43 billion tonnes<\/a> is an estimated 4.73 million tonnes of Total Rare Earth Oxides (TREO). About 24% of that is high value magnet rare earth elements neodymium and praseodymium, or NdPr, used in clean energy technology, modern electronics and national security hardware.<\/p>\n

As ARR works towards releasing a Preliminary Economic Analysis (PEA) for Halleck Creek, two tonnes of core material from the program are being shipped to laboratories to assess metallurgical characteristics.<\/p>\n

The results from this round of tests will be used to further refine the flowsheet design and cost estimates for the upcoming PEA, building upon the recently announced highly encouraging metallurgical test results<\/a>. Those results indicated that Halleck Creek ore can be effectively processed using conventional technologies, which means lower initial capital expenditure and reduced ongoing operating costs.<\/p>\n

Also related to the PEA was the program\u2019s focus on confirming high-grade mineable areas to define a significant volume of measured and indicated resources, which is necessary for resource reporting.<\/p>\n

More broadly, it will also provide greater confidence as ARR refines its future strategy at Halleck Creek.<\/p>\n

CEO Donald Swartz said: \u201cThis drilling campaign was an important initial step on our development path.
\n\u201cOur next steps are to ship the core material we have extracted to laboratories. Concentrate will be prepared, then dispatched to several downstream testing facilities to continue de-risking the project utilising our low-cost processing technology.\u201d<\/p>\n

\u00a0<\/p>\n

Team effort<\/strong><\/h2>\n

Swartz also thanked the company\u2019s geologists and technical staff for helping to ensure the program was completed on schedule and within budget.<\/p>\n

The team has also been busy at the highly prospective new Beaver Creek Project<\/strong><\/a>, which is also in Wyoming and offers potential synergies with Halleck Creek. In September Beaver Creek yielded high-grade assay results as ARR boosted its land holding in the area by 85%.<\/p>\n

Pic: American Rare Earths<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

This article was developed in collaboration with American Rare Earths, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n

\u00a0<\/em><\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post American Rare Earths on road to growing Halleck Creek resource<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

American Rare Earths is planning to upgrade the 1.43 billion tonne JORC Resource at Halleck Creek after completing development drilling at what is potentially the [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":918,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nAmerican Rare Earths on road to growing Halleck Creek resource - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=917\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"American Rare Earths on road to growing Halleck Creek resource - 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