US rare earth market potential, page-10

At a time of red hot political and market interest in critical minerals, American Rare Earths is taking strides towards its goal of being a leading supplier of the minerals with the start of drilling at its 100% owned Halleck Creek project in Wyoming.The maiden drill program at the 512 hectare project closely follows drilling commencing in the southwest zone of American Rare Earths (ASX:ARR)’s flagship La Paz project last month. That campaign is targeting a further 700 to 900 million tonnes at the 170.6 million tonne JORC compliant total resource in Arizona.At Halleck Creek the nine-hole diamond core drill campaign over about 825m has a target of 308-385 million tonnes.Expected to be completed by late April, it will provide initial mineralization and fresh rock material for additional analysis, with assays expected in June.Managing director and CEO Chris Gibbs said it was an exciting time for the American Rare Earths team.“Surface samples collected in 2018 and 2021 show high-grade rare-earth element (REE) mineralization which is rich in Neodymium and Praseodymium (NdPr) with low penalty elements of Thorium and Uranium,” he said.“The Halleck Creek targets will complement our La Paz Rare Earth project deposits which also target Neodymium and Praseodymium with ultra-low penalty elements of Thorium and Uranium in Arizona.” QUOTE from * today
There is plenty happening now with ARR ain the US looking forward to ongoing results from both projects in the coming months IMO