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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 Clarence McAllister Non - Executive Director Jim Guilinger Chief Technical Advisor Wayne Kernaghan Company Secretary Capital Structure Ordinary Shares on Issue 347,008,326 American Rare Earths Limited ARBN 003 453 503 Head Office Suite 706 Level 7 , 89 York St , Sydney NSW 2000 22 October 2021 September 2021 Quarterly Activities Report Highlights • • • GPO BOX 1546 , Sydney NSW 2001 • Tel +61 2 8054 9779 • US Office • 428 E Thunderbird Rd , Ste 435 A successful drilling program at the La Paz Rare Earths Project delivered : 33.1 % increase in JORC 2012 compliant total resource tonnage from 128.2Mt to 170.6Mt • 117 % increase in the indicated resource estimate from 16.2Mt to 35.2Mt • 20.9 % increase in the inferred resource estimate from 112.0Mt to 135.4Mt • 4.4Mkg of Scandium Oxide ( Sc2O3 ) included in the new resource estimate • Opportunity to further extend the maiden resource along strike and at depths where mineralisation from drilling remains open Magnetic separation and liquid flotation testwork on surface rock samples from the La Paz resource produced : • Production of 1,744 ppm TREE and 30ppm Scandium recovering 74.7 % and 43.8 % of respective mineralisation while reducing ore mass by 76 % • 216 % increase in TREE grade concentrated from 552ppm to 1,744ppm • 90 % increase in Scandium grade concentrated from 16ppm to 30.4ppm High - grade surface samples from the expanded Halleck Creek Rare Earth project of 3,349ppm average TREO in the Overton Mountain Area and 3,002ppm TREO in the Red Mountain Area The highest grade observed from 2021 Halleck Creek project samples of 5,756ppm TREO , 552ppm High Rare Earth Oxide ( HREO ) and 1,433ppm Magnetic Mineral Oxide The Company's cash position as of 30 September was $ 2,940,926 The Company holds 6,000,448 COB shares worth A $ 1,950,146 , at a COB closing price of A $ 0.325 on 30 September 2021 The Company also holds a five year A $ 3M Promissory Note ( PN ) with Cobalt Blue Holdings ( COB ) Phoenix , AZ 85023 Email info@americanrareearths.com.au Web : https://americanrareearths.com.au/