US rare earth market potential

Originally posted by bluesamurai: ↑

Assay Results Expand Rare Earth Enrichment Within theCowboy State Mine Area at Halleck Creek, WyomingHighlights• Surface samples of up to 6,221 ppm TREO (64% increase to mine planning), revealed potentialfor 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 drillingAmerican Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) the ‘Company’ todayannounced 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 withinthe recently published scoping study. These results complement the recently announced updatedJORC resource of 2.34 billion tonnes2 and illustrate the consistently enriched mineralisation at HalleckCreek.This mapping and sampling campaign within the Cowboy State Mine Area was focussed at a higherresolution. In total, 95 samples were sent for analysis at ALS Global, including 5 Qualityassurance/Quality control samples of standards, blanks, and duplicates. The results are summarisedin Table 1. The mapping refined contacts between the RMP and surrounding granites as shown inFigure 1. The new mapping and sampling campaign provides better constraints on the geology of theCowboy State mine area for future resource targeting and drill hole planning. Specifically, areas coveredwith 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 recentlyannounced scoping study. These results are contiguous and complimentary to our recently releasedmine 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 weenter pre-feasibility level analysis. The low-operating costs ($38.38/kg NdPr equivalent) are largelyattributable to the favourable geology, which is evident in these surface samples of highly enrichedmineralisation within zero-strip-ratio mining areas. The Uranium and Thorium continue to occur in verylow levels naturally”.1. ASX announcement QUOTE Development progressing well IMO

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Just an observation regarding the market we are now entering, I believe that we are about to enter an exiting phase of growth born out of a mining boom similar to what happened in the mid to the late 1800’s，Have always worked on the premise 2025 would herald this moment. Seems it has come early. Obviously hold and copper were the catalysts back then it looks like it will happen again. This time it will be critical metals to have a multi decade influence on the global market. If you study the 1800’s massive mining wealth was responsible for the building of beautiful buildings libraries hospitals schools art galleries ports To etc. Also all countries experienced the grow of railway infrastructure that created all of the cities we enjoy now To add to this we are on the verge of major global conflict ,the demand for defence metals has never been so crucial our well being.ARR will play a part in this burgeoning economic reset , looking forward with confidence in the future IMO

https://carboncredits.com/magnate-gina-rinehart-moves-into-rare-earth-metals/