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AMERICAN RARE EARTHS American Rare Earths Limited ( ASX : ARR ) An Australian exploration company focused on the discovery & development of Rare Earths and Critical mineral resources in North America and Australia Commodity Exposure Rare Earth Elements , in the USA Heavy Mineral Sands and Cobalt in Australia Directors & Management Creagh O'Connor Non - Executive Chairman Keith Middleton Managing Director Geoff Hill Non - Executive Director & Vice Chairman Denis Geldard Non - Executive Director Jim Guilinger Chief Technical Advisor Wayne Kernaghan Company Secretary Capital Structure Ordinary Shares on Issue 338,058,326 American Rare Earths Limited ARBN 003 453 503 Head Office Suite 706 Level 7 , 89 York St , Sydney NSW 2000 GPO BOX 1546 , Sydney NSW 2001 Tel +61 2 8054 9779 15 April 2021 March 2021 Quarterly Activities Report Highlights • • • • • • • • • • New higher grade Rare Earths and Scandium samples returned from a sampling program at the 100 % owned La Paz Rare Earths Project in Arizona USA ; New samples obtained during the December 2020 Quarter have a 47 % higher grade of Total Rare Earths Elements ( " TREE " ) than the average previously reported JORC 2012 compliant resource estimate ; Composited grade for new samples of 552ppm TREE , well above the resource estimate cut - off grade of 300ppm ; 32 samples from the La Paz project area composited for metallurgical testing by the Saskatchewan Research Council facility in Canada ; First drilling program since 2012 commenced at La Paz after receipt of permit approvals which is 50 % larger than originally planned and designed to double the depth of the current resource with potential to expand and upgrade the resource ; La Paz Scandium and Rare Earths Project has La Paz Economic Development Corporation endorsement and La Paz County Board of Supervisors approval ; US Government Officials and industry experts visited the La Paz Scandium and Rare Earths Project during drilling in March 2021 ; 8,000,000 shares in Cobalt Blue Holdings Limited ( " COB " ) sold for A $ 2,468,822 ; Three - year Convertible Notes ( " CN " ) of A $ 1M converted into 5,000,000 COB shares at a deemed price of A $ 0.20 per share with a total of A $ 60,328 in interest received up until conversion ; ARR continues to hold 6,000,448 COB shares ( post share sale and CN conversion ) and a five - year COB Promissory Note ( " PN " ) of A $ 3M interest free for the first three years ( currently in year two ) with interest of 6 % per annum for years four and five payable in arrears and secured by title to tenements . American Rare Earths cash at bank on 31 March 2021 is $ 4,615,154 Email info@americanrareearths.com.au Web : https://americanrareearths.com.au/