American Rare Earths CEO reveals encouraging results from Halleck Creek Project in Wyoming
Published: 03:53 01 Dec 2023 AEDT
American Rare Earths Ltd (ASX:ARR, OTCQB:ARRNF) CEO Donald Swartz discusses promising assay results from the Halleck Creek project in Wyoming in an interview with Proactive's Stephen Gunnion.
Swartz emphasized the project's vast potential, with only 25% of mineralization traditionally explored. The recent drilling campaign revealed positive results, indicating potential beyond the current JORC resource.
Swartz anticipates an upgrade to the resource model and a new JORC update by January or the first quarter.
Metallurgical advancements are a focus, highlighting the non-refractory nature of the deposit, enabling conventional leaching for rare earth element recovery.
As the company moves towards an updated JORC, a scoping study is underway with Stantec (TSX:STN), following the engagement of Perth-based metallurgy consultants.
Swartz also discussed the company's new chairman Ken Traub, bringing over 30 years of US public company experience.
Swartz is set to discuss metallurgical breakthroughs and the path to production at Morgan Stanley (NYSE:MS)’s Metals & Mining panel on November 30, 2023, at 1:30pm ET.