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ARR, AMERICAN RARE EARTHS LIMITED
nipper
post Posted: Jul 21 2021, 10:18 AM
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In Reply To: nipper's post @ Jul 21 2021, 10:02 AM

and in May 2021, a further acquisition

  • .. The Company has secured a new high grade Rare Earths Elements exploration project, the Searchlight REE Project, located in Nevada, near the only operating rare earths mine in the USA, operated by MP Materials Corp.
  • ... The Project consists of 80 contiguous unpatented lode mining claims, prospective for rare earths, totaling 1620 acres (656 ha) staked by the Company in early 2021
  • .... One sample contains significant high levels of Heavy REE and Magnetic REE, including a total REE of 14,800 ppm (1.48% REE)
  • ..... These claims are 100% owned by Western Rare Earths (WRE), a wholly owned US subsidiary of ARR




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jul 21 2021, 10:02 AM
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In Reply To: nipper's post @ Jul 21 2021, 09:35 AM

American Rare Earths Limited (ARR), formerly Broken Hill Prospecting Limited, is an Australian exploration company formerly focussed on the discovery and development of strategic mineral resources across two primary geographical areas; the Murray Basin Region (Heavy Mineral Sands) and the Broken Hill Region (industrial, base and precious metals, including the Thackaringa Cobalt & Base/Precious Metal Project).

It came to the ASX in July 2020, and quickly changed til to Rare Earths, in the USA, as its new name implies:

QUOTE
La Paz Rare Earth LLC (LPRE) was founded in August 2019 and is a wholly owned subsidiary of Australian listed company Broken Hill Prospecting Ltd (ASX:BPL). LPRE was established to acquire and develop the advanced La Paz Rare Earth Project, located in La Paz County, Arizona, approximately 170 km northwest of Phoenix. The Project is surrounded by world class infrastructure within a mining friendly jurisdiction.


Initially, LPRE staked over 1,100 hectares of unencumbered tenements which formed the La Paz Acquisition and which it now controls 100% having received all permits from the Bureau of Land Management (BLM) and State of Arizona Land Department.

Upon Acquisition, the Company carried out successful field exploration activities which identified higher-grade zones of mineralisation extending outside the existing NI43.101 Resource to the South West. As such, LPRE moved quickly to submit further applications on an additional 660 hectares directly adjacent to La Paz which cover these extensions. Approval is anticipated early 2020
.

La Paz Rare Earths Project
Rare earth elements were first discovered in the La Paz area during exploration sampling programs in mid-2010. During 2011, Australian American Mining Corporation Ltd drilled 195 percussion holes for 5,120 metres, which supported a maiden resource estimate under independent NI 43.101 guidelines. The resource displays relatively uniform distribution of total rare earth elements (TRRE) across and along strike covering a resource area 2.5 km by 1.5km. The entire deposit is exposed at surface, or lightly concealed by alluvial cover. It is open at depth and is currently defined to 30m below surface.

LPRE initially plans to conduct low cost exploration activities (focused on advanced metallurgical test work programs) leveraging the vast historical expenditure on technical data sets from previous explorers.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jul 21 2021, 09:35 AM
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In Reply To: Yeti's post @ Apr 13 2011, 10:41 AM

August 2013 ........... Arasor International Limited (ARR) had not paid its annual fees in respect of the year ending 30 June 2014 but was already suspended from official quotation
November 2013 ..... Lionhub Group Limited (LHB) was formerly known as Arasor International Limited (ARR).

on 19 July, 2021, LionHub Group Limited (LHB) was removed from the ASX Official List in accordance with Listing Rule 17.11, after security holders resolved to remove LHB from the Official List.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
Yeti
post Posted: Apr 13 2011, 10:41 AM
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In Reply To: Yeti's post @ Feb 24 2011, 03:04 PM

Ok, looks like maybe now it is dead. As good as ...

QUOTE
For immediate release 12th April 2011

Arasor to be placed into Liquidation

Arasor International wishes to announce that following extensive investigations to seek out a
potential business to acquire and take control of Arasor to create value for shareholders and
creditors, it has, unfortunately, been unable to reach agreement on a proposal.

Consequently the Directors have resolved to appoint Stephen Dixon of BDO to administer the
wind-up of the Company.


Maybe while they're at it they could also liquidate the genius I paid over a thousand Dollars a year to "highly recommend" this outfit to me.

All good though, expensive lesson well learned and now applied on a daily basis.

Commiserations to all who burned their hands on this one.

Yeti.


Said 'Thanks' for this post: daggie  
 
Yeti
post Posted: Feb 24 2011, 03:04 PM
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In Reply To: daggie's post @ Feb 24 2011, 02:47 PM

Hi Daggie,

Never say die. At least not until it's dead smile.gif

Just look at how well that Titanic story ended; one of the biggest grossing movies of all times!

Yeti.


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daggie
post Posted: Feb 24 2011, 02:47 PM
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In Reply To: Yeti's post @ Feb 24 2011, 01:28 PM

Hi my friend, pity we can't be at the meeting. Don't really know what to think about the announcement. Is there a tiny,tiny bit of hope for us poor sods??? Well, hope is the last thing to die. Somehow the story of ARR reminds me of Titanic story - there was a lot of hope to the last moment...


 


Yeti
post Posted: Feb 24 2011, 01:28 PM
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From announcement out today:

Quote:

For immediate release 24 February 2011

Application to de-list Arasor from the ASX

Arasor International wishes to announce that Resolution 3 - De-list the Company from the ASXproposed in Araror’s Notice of Meeting to its annual General Meeting on Friday 25 February
2011 will not now be put to the General Meeting.

As a result of the progress that the Company is making regarding a settlement in relation to its
debt and guarantee obligations, and interest shown by third parties in selling their business to the
Company the directors consider that there is some prospect of restoring value to shareholders.

Whilst there are still a number of issues to resolve sufficient progress has been made for the
directors, at least for the time being, to withdraw the resolution to de-list the Company from the
ASX.

The resolution will therefore not be tabled at the forthcoming AGM which will be held on Friday
25 February 2011 at the offices of HLB Mann Judd (SA) Pty Ltd, Dowie House, 83 -89 Currie
Street, Adelaide SA 5000.

End quote.

Hmmmm ...

Anybody on Sharescene still following this one who happens to live in Adelaide going to this meeting? Would love a first-hand report ...

Yeti.

 
Yeti
post Posted: Dec 7 2010, 03:11 PM
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New announcement out:

The "good" news: Arasor wins legal case in India.

The bad news:"... For the time being we are not able to to count on this success bringing cash into the company in the short term"
Reg Bancroft - Arasor chairman.

I was looking for some other comment to add but I can't think of anything. Not anything polite anyway, so I'll refrain.

Yeti.


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daggie
post Posted: Sep 25 2008, 05:38 PM
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In reply to: Flyer on Wednesday 03/09/08 02:57pm

Is Commsec going crazy by accepting sales within the range of full dollars, whilst the sp is only in cents????????????????? wacko.gif

 
Flyer
post Posted: Sep 3 2008, 02:57 PM
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In reply to: Flyer on Wednesday 27/08/08 04:34pm

This is from an e-mail from a former employee:

Arasor is dying…they haven’t paid employees for a couple of months not to mention the suppliers.

It seems like the fat lady has sung.

 
 


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