American Rare Earths Limited - ARR share price

About American Rare Earths Limited

American Rare Earths Limited, formerly Broken Hill Prospecting Limited, is engaged in mineral exploration within Australia. The Company is focused on development of La Paz Rare Earths Project in Arizona. It is an owner of near-surface cobalt mineral deposits located around Thackaringa, where it holds approximately two exploration licenses and two mining leases (EL6622 (Pine Ridge), EL8143, ML86 (Pyrite Hill) and ML87 (Big Hill)). Its tenements at Thackaringa cover near-surface cobalt deposits with approximately 30,000 tons of contained cobalt metal. It focuses on assessing cobalt deposits for open cut mining and cobaltiferous pyrite concentrate production/processing to produce cobalt, sulfuric acid for industrial application, feldspar-quartz for ceramics and a high iron residue for iron smelters. The Company also owns Laramie Rare Earths (REE) Project in Wyoming, United States.