Australian exploration company focussed on the development of
Rare Earths in Arizona North America
American Rare Earths Limited (ARR) is an Australian exploration company targeting the discovery and development of strategic technology mineral resources in the USA and Australia. The Company announced in August 2019 its entry into the lucrative US rare earth market, through the acquisition of the La Paz Rare Earth Project in Arizona which contains an existing NI 43-101 Resource. This Acquisition secures ARR as the only listed ASX company with exposure to the US rare earths market.
In Australia, ARR has two strategic assets, its investment in cobalt blue & its Australian tenements in the Broken Hill Region.
La Paz Rare Earth
La Paz Rare Earth LLC (LPRE) was founded in August 2019 and is a wholly owned subsidiary of Australian listed company American Rare Earths Ltd (ASX:ARR).
LPRE was established to acquire and develop the advanced La Paz Rare Earth Project, located in La Paz County, Arizona, approximately 170 km northwest of Phoenix. The Project is surrounded by world class infrastructure within a mining friendly jurisdiction.
Initially, LPRE staked over 1,100 hectares of unencumbered tenements which formed the La Paz Acquisition and which it now controls 100% having received all permits from the Bureau of Land Management (BLM) and State of Arizona Land Department.
Upon Acquisition, the Company carried out successful field exploration activities which identified higher-grade zones of mineralisation extending outside the existing NI43-101 Resource to the South West. As such, LPRE moved quickly to submit further applications on an additional 660 hectares directly adjacent to La Paz which cover these extensions. Approval is anticipated early 2020.