American Rare Earths (ASX:ARR) has received ‘positive’ metallurgical test results on ore from its Halleck Creek Project in Wyoming, US.
The company says the latest testwork supports previous results, displaying a simple process flow sheet to produce a rare earth concentrate and maximise the recovery of magnet metals neodymium and praseodymium (NdPr).
Recent tests rejected a ‘highly encouraging’ 77% of waste material in the early processing stages prior to the flotation circuit, demonstrating the potential opportunities to reduce Halleck’s operating and capital costs.
American Rare Earths Chief Executive Officer (CEO) and Managing Director Chris Gibbs says: “Halleck Creek has the right rare earths (NdPr) and low-penalty elements. This means a valuable product, simple metallurgy, and lower costs. Most importantly, the project is in the heart of the USA, the largest economy in the world.
“Halleck Creek has the right rare earths (NdPr) and low-penalty elements”
As an exploration company, I’m also excited to advance our exploration activities at Halleck Creek to support the economic and feasibility studies currently underway.”
The company reports that less than 25% of the area is drilled and the deposit remains open at depth and with ‘significant’ upside potential. American Rare Earths says it wants to test the depth of the deposit to upgrade resources and explore the potential for ‘higher-grade’ zones within Halleck’s footprint.
American Rare Earths is an ASX-listed company with exposure to the rapidly expanding US market. The company is developing its wholly owned magnet metals projects, Halleck Creek in Wyoming and La Paz in Arizona.
Write to Aaliyah Rogan at Mining.com.au
Images: American Rare Earths Ltd
