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American Rare Earths Expands Halleck Creek Resource and Slashes Processing Volumes
6:00am on Monday 2nd of June, 2025 AEST
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Mining
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American Rare Earths Expands Halleck Creek Resource and Slashes Processing Volumes
6:00am on Monday 2nd of June, 2025 AEST
Key Points
JORC resource increased to 2.63 billion tonnes at 3,292 ppm TREO
10x rare earth upgrade achieved via low-cost beneficiation, reducing processing volumes by 93.5%
Updated scoping study shows NPV10% of US$558M (3 Mtpa) and US$1.17B (6 Mtpa) with IRRs above 24%
License granted for test mining and bulk sampling at Cowboy State Mine
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