American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) has recently announced exciting assay results from a mapping and sampling program in the Cowboy State Mine area, revealing a potential increase in the mine planning by 64%. The surface samples obtained showed levels of up to 6,221 ppm TREO, exceeding the average of 3,805 ppm TREO found in the recent scoping study.
The high value magnetic rare earths (MREO) were found to average 27% of the total rare earth oxide (TREO) content, indicating a rich resource area with significant potential. The mapping and sampling conducted will support future drilling in higher-grade resource areas, enhancing the overall resource estimation and mine planning for American Rare Earths.
Donald Swartz, the Chief Executive Officer of American Rare Earths, expressed optimism about the results, stating that they demonstrate the upside potential for the mining project. The enriched mineralization in the area, combined with the favorable geology, presents an opportunity for optimizing mine planning and project economics.
The company’s low operating costs, attributed to the advantageous geology of the region, further support the feasibility of the project. The focus on higher-grade target areas within the Cowboy State Mine area will play a crucial role in advancing the project towards pre-feasibility level analysis.
American Rare Earths is dedicated to developing environmentally friendly and cost-effective extraction methods to meet the growing demand for rare earth resources essential for clean energy and national security initiatives. With the potential to become one of the largest rare earth projects in North America, the company continues to explore new opportunities and collaborate with government-supported research and development efforts.
For more information about American Rare Earths Limited and their recent findings, interested parties can refer to the full JORC report available on their website or contact the media and investor relations representatives provided.
