American Rare Earths Reports Positive Metallurgical Test Results - Seite 2

“In short, 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.”

“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.”

“With less than 25% of the area drilled, the deposit remains open at depth and with significant upside potential. To further enhance the project economics, we are keen to test the depth of the deposit, seek to upgrade resources and explore potential higher-grade zones within the project footprint.”

This market announcement has been authorized for release to the market by the Board of American Rare Earths Limited.

Mr. Chris Gibbs
CEO & Managing Director

Competent Persons Statement:

The information in this document is based on information compiled by Mr. Greg Henderson. Mr. Henderson is a Senior Process Consultant at Wood Australia. Mr. Henderson is a Fellow of the Australian Institute of Mining and Metallurgy (AUSIMM), number 109007, and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 JORC Code. Mr. Henderson consents to the inclusion in the report of the matters based upon the information in the form and context in which it appears.

This work was reviewed and approved for release by Mr. Dwight Kinnes (Society of Mining Engineers #4063295RM) who is employed by American Rare Earths and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 JORC Code. Mr. Kinnes consents to the inclusion in the report of the matters based upon the information in the form and context in which it appears.

About American Rare Earths:

One of the only ASX listed companies with exposure to the rapidly expanding US market, American Rare Earths is developing its 100% owned magnet metals projects, Halleck Creek in Wyoming, and La Paz in Arizona. Both have potential to be among the largest, rare earths deposits in North America. The Company is concurrently evaluating other exploration opportunities while collaborating with US Government supported R&D to develop a sustainable domestic supply chain for the renewable future.

Head Office
Suite 706 Level 7, 89 York St.
Sydney, NSW 2000
Tel [phone]
GPO Box 1546
Sydney NSW 2001

US Mail
c/o Western Rare Earths
514 Grand Avenue #371
Laramie, WY 82070
[e-mail]
americanrareearths.com.au

Media Contact:
Susan Assadi
347 977 7125
[e-mail]