American Rare Earths’ Halleck Creek Scoping Study released:
Earlier this week, American Rare Earths (ARR) announced results of a Scoping Study on its Halleck Creek REE project in Wyoming.
The Study, which was completed by Stantec Consulting, outlined the project's initial capex at $456M and projected a pre-tax NPV10 of $505M and a ~3-year payback period.
Last month the company announced an increased Halleck Creek MRE of 2,342 million tonnes grading 3,196 ppm TREO using a cut-off grade of 1,000 ppm TREO.
In the proposed flowsheet, the REE-bearing allanite ore from Halleck Creek will be concentrated to a grade of 3.5% to 4% at the mine site, then will be separated into oxides of NdPr, Dy, Tb, La and a mixed Sm-Eu-Gd concentrate at a facility to be built near Wheatland, Wyoming. ARR anticipate the completion of a PFS within the next 12 months.
Adamas take: A positive outcome for the Scoping Study although with a relatively low-grade resource and unproven mineralogy at scale, the upcoming PFS will be key to validate the viability of the project.
https://www.adamasintel.com/
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