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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 Scandium in Australia Directors & Management Creagh O'Connor Non - Executive Chairman 27 July 2021 June 2021 Quarterly Activities Report 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 344,308,326 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 Email info@americanrareearths.com.au Web : https://americanrareearths.com.au/ Highlights • • • • • • • • • • Completing a drilling program at the La Paz Scandium and Rare Earth Elements ( " REE " ) Project in Arizona , USA , identified favourable geology as deep as 122 metres , up to four times the depth of the current 30- metre resource . Drilling results exceeded expectations by showing continuous resource mineralisation at previously undrilled depths in all assayed drill holes , with one hole containing consistent REE grades above 300ppm REE cut- off to a depth of 122 metres . A resource upgrade is in progress with a robust size increase expected . Two holes in the previously undrilled southwest area of the La Paz project point to a potential new ore body discovery . Metallurgical testwork on original La Paz resource area rock chips produced positive results supporting additional testwork on the recently drilled diamond core . New high - grade Searchlight Rare Earth Project acquired in Nevada USA near Mountain Pass , USA's only operating REE mine . The 100 % owned Searchlight Project staked claims covering 656 hectares ( 1,620 acres ) is prospective for REE . Initial geological review and sampling program conducted on the Searchlight mining claims indicate the presence of concentrated REE . Scandium mineral rights were acquired over Split Rocks Project in Western Australia . Historical drilling identified elevated Scandium at shallow depths with 62 samples in 46 holes exceeding 50ppm at 52 metres , including three samples exceeding 100ppm three samples exceeding 90ppm at a depth of less than 24 metres . Assay results pending from confirmatory drilling recently completed at Split Rocks . Acquisition of the Halleck Creek ( formerly known as the Laramie Rare Earth Project ) from Zenith Minerals Limited is complete after final approval by the Wyoming Office of State Lands and Investments for the transfer of four state mineral leases to ARR . Cash balance on 30 June 2021 is $ 3,700,689