American Rare Earths non-executive director Matthew Hill retires from board after eight years

American Rare Earths non-executive director Matthew Hill retires from board after eight years

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American Rare Earths Ltd's (ASX:ARR) non-executive director Matthew Hill has retired from the board, effective from September 24, after serving more than eight years. Hill has decided that it is time to retire from these duties given the increasing time constraints as chief executive officer of New Talisman Gold Mines Limited (ASX:NTL), coupled with being based in New Zealand, making face-to-face board and shareholder meetings impractical during the current pandemic restrictions. Significant contribution Chairman Creagh O’Connor said: “Matt has been a director of American Rare Earths since 2012. “His contribution, especially as chairman of the Audit and Risk Committee and in capital raising efforts, has been significant.” Company secretary Ian Morgan has also retired from his role, effective September 25. The board has thanked Morgan for his tireless efforts and for his support for the company over many years. ARR has appointed Wayne Kernaghan as new company secretary, effective from September 25. Trenching results support drill plans American Rare Earths received trenching results on September 4 which further support plans to begin drilling at the La Paz Rare Earth Project northeast of Phoenix, Arizona, USA. The trenching, which is a follow-up to an initial round of surface outcrop sampling, encountered Upper Plate Red Beds containing between 168 and 355 ppm total rare earth metals and 5.7 to 14.6 ppm scandium. Results have enabled a more targeted drilling program to test continuity of the original resource and the identified extension areas to be developed. A follow-up drilling program will target the intersecting of the favourable rare earths and scandium enriched host rocks (gneisses) that occur stratigraphically beneath the tertiary sediments and red beds. Significantly the southern trench exposed silicified gneiss which assayed the highest grades of rare earths and scandium.

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