American Rare Earths (ASX:ARR) through its US Unit Wyoming Rare, reported intersections exceeding 5,000 parts per million (ppm) Total Rare Earth Oxides (TREO) from its Halleck Creek Project at Wyoming, according to a Tuesday filing with the Australian bourse.

The drilling at Halleck Creek revealed 148 meters at 4,451 ppm TREO, including 52.5 meters at 5,273 ppm TREO, the fining said.

The mining company will complete the updated resource estimate and pre-feasibility study for Halleck Creek in 2025, the filing added.

The company's shares fell 2% on market close.