April 2013 Updates To The TMR Advanced Rare-Earth Projects Index

by Gareth Hatch on May 18, 2013 · 9 comments

in Rare Earths, Tools & Metrics

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I recently updated the TMR Advanced Rare-Earth Projects Index, to reflect a name change. The effective date of the update is May 20, 2013 May 16, 2013. The specifics:

  • On March 7, 2013, Galileo Resources PLC (AIM:GLR) announced an update to the SAMREC-compliant mineral-resource estimate for the Glenover project in South Africa. According to the executive summary of the associated preliminary economic assessment, 7.4 Mt of the resource is at the Indicated level @ 2.20% TREO and 3.0 Mt is at the Inferred level @ 1.96% TREO (cut-off grade not specified).
  • On May 16, 2013, Crossland Uranium Mines Limited (ASX:CUX), co-developer of the Charley Creek project in Australia, announced a name change to Crossland Strategic Metals Limited, while maintaining the same ticker symbol.

The Index currently consists of 51 rare-earth mineral resources, associated with 46 advanced rare-earth projects and 44 different companies, located in 32 different regions within 15 different countries.

I have also updated the pricing used in the Index data, to reflect the average monthly prices for April 2013.

You can access the updated details via the Index page.

Last updated on May 20, 2013 to reflect additional update on Glenover project.

Disclosure: at the time of writing, Gareth Hatch holds no shares or stock options in any of the companies mentioned in this article, or in any publicly traded rare-earth company, nor is he doing paid consulting for any such company.

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1 Sandra Cole May 18, 2013 at 1:39 PM

Good job
Keep it up.

2 Amar Acharjee May 19, 2013 at 2:04 AM

Dear Sir,

Thanks for the updated details of the TMR Advanced Rare-Earth Projects Index,

3 Abner May 19, 2013 at 11:21 AM

Your dedication to keeping us informed is sincerely appreciated. Thanks Gareth.

4 Tim Fried May 19, 2013 at 10:01 PM

Thanks for the update Gareth. It might be an idea to take Cummins Range off the list as Navigator Resources don’t own it (Kimberley Rare Earths used to but changed their name to Anova Metals Ltd) and as far as I am able to determine have no further interest in the carbonatite or any REEs for that matter.

5 Gareth Hatch May 19, 2013 at 10:21 PM

Thank you, folks.

@Tim Fried: I realize that Navigator Resources is currently in administration but to my knowledge it is still technically the owner of the Cummins Range project, per the recent Report to Creditors. The old Kimberley Rare Earths had 25% of the project but they relinquished it some time ago.

6 Christina Chen May 20, 2013 at 1:14 AM

Thank you, Gareth!

7 ringo June 13, 2013 at 3:20 PM

how do we know that your Index currently consisting of 51 rare-earth mineral resources is objective an valid….it seems a bit biased

8 ringo June 13, 2013 at 11:16 PM

The Index currently consists of 51 rare-earth mineral resources…booo? what is this

9 Gareth Hatch June 18, 2013 at 9:01 PM

@ringo: I’m always intrigued to receive comments from folks who are using anonymous proxies…

I’m not really sure I understand your questions. The Index page clearly states the objective criteria used for inclusion on the Index; feel free to verify if the projects list match those criteria, and if there are others that also match them but have not been included :-)

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