ARR - American Rare Earths unveils promising Halleck Creek scoping study
(NewsDirect)
American Rare Earths Ltd (ASX:ARR) CEO Donald Swartz sits down withProactive’s Jonathan Jackson to highlight the positive outcomes of ascoping study for the Halleck Creek Project in Wyoming, USA. The studyconfirms the project's viability as a low-cost, scalable andworld-class rare earth element (REE) venture, showcasing strongeconomic potential and a solid foundation for future development. Theindependent analysis by Stantec Consulting Services Inc revealed a netpresent value (NPV) of US$673.9 million at an 8% discount rate andUS$505.1 million at a 10% discount rate (pre-tax), with an internalrate of return (IRR) of 22.5%. The project's payback period isestimated at 2.9 years, with a life of mine (LOM) average cost ofUS$38.38 per kilogram for neodymium-praseodymium (NdPr) equivalent,significantly lower than current global averages. With a proposedinitial mining rate of 3 million tonnes per annum (Mtpa), the HalleckCreek Project is positioned for a scalable expansion, underpinned by aresource base of 540 million tonnes, suggesting a mine life of 180years at 3 Mtpa. This scalability and the project's strategicdesign aim to reduce Western dependency on Chinese rare earthsupplies, marking a significant step towards diversifying global REEsources.
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
Jonathan@proactiveinvestors.com
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