Ann: Cowboy State Mine Sampling Update, page-3

NICE!!!!!!


Assay Results Expand Rare Earth Enrichment Within the
Cowboy State Mine Area at Halleck Creek, Wyoming
Highlights
• Surface samples of up to 6,221 ppm TREO (64% increase to mine planning), revealed potential
for a larger, higher grade REE resource area in the Cowboy State mine area
• Mine planning averaged 3,805 ppm TREO1
in recent scoping study
• High value magnetic rare earths (MREO) average 27% of TREO
• The mapping and sampling will support future higher-grade resource drilling
American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) the ‘Company’ today
announced assay results from a recent mapping and sampling program in the Cowboy State Mine area.
These results will allow the Company to target higher grade areas contiguous to the mining area within
the recently published scoping study. These results complement the recently announced updated
JORC resource of 2.34 billion tonnes
2 and illustrate the consistently enriched mineralisation at Halleck
Creek.
This mapping and sampling campaign within the Cowboy State Mine Area was focussed at a higher
resolution. In total, 95 samples were sent for analysis at ALS Global, including 5 Quality
assurance/Quality control samples of standards, blanks, and duplicates. The results are summarised
in Table 1. The mapping refined contacts between the RMP and surrounding granites as shown in
Figure 1. The new mapping and sampling campaign provides better constraints on the geology of the
Cowboy State mine area for future resource targeting and drill hole planning. Specifically, areas covered
with unconsolidated Tertiary gravel (Figure 1) were delineated, which offers significant upside.
Donald Swartz, Chief Executive Officer commented:
“We are encouraged by these results that continue to demonstrate upside potential to our recently
announced scoping study. These results are contiguous and complimentary to our recently released
mine plans, of which the entirety was developed on state lands, which provides accelerated permitting.
These higher-grade target areas will allow for optimising mine planning and project economics as we
enter pre-feasibility level analysis. The low-operating costs ($38.38/kg NdPr equivalent) are largely
attributable to the favourable geology, which is evident in these surface samples of highly enriched
mineralisation within zero-strip-ratio mining areas. The Uranium and Thorium continue to occur in very
low levels naturally”.