Name of the Project
Halleck Creek rare earths project.

Location
Central Laramie Mountains, Wyoming, US.

Project Owner/s
American Rare Earths.
 
Project Description
A scoping study has shown Halleck Creek to be a world-class rare earth element project.

The project comprises the Cowboy State mine in American Rare Earths’ southern land holdings and the Overton mountain resource area in the north.

The scoping study proposes a 20-year operation with a processing rate of about three-million tonnes a year for total production of 64.26-million tonnes.

In Phase 1 production is estimated at 1.53-billion tonnes a year of neodymium/praseodymium, 17-million tonnes a year of terbium oxide, 91-million tonnes a year of dysprosium oxide, 383-million tonnes a year of SEG (samarium, europium and gadolinium) concentrate and 1.49-billion tonnes of lanthanum carbonate.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Under the three-million-tonne-a-year base case scenario, the scoping study outlines  a pretax net present value, at an 8% discount rate, of $637.9-million and an internal rate of return of 22.5%, with a payback of 2.9 years.

Capital Expenditure
Total initial capital expenditure is estimated at $456.1-million.

Planned Start/End Date
Construction is expected to take 2.5 years to complete.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
American Rare Earths, tel +61 2 8054 9779 or email info@americanree.com.