I recently updated the list of projects on the TMR Advanced Rare-Earth Projects Index, to reflect one new rare-earth mineral-resource estimate that was announced recently. I also made some other updates. The specifics:
- Greenland Minerals and Energy Ltd. (ASX:GGG, PK:GDLNF) announced a JORC-compliant mineral-resource estimate for its Zone 2 project in Greenland, on March 21, 2012. According to the associated press release, 242 Mt of the resource is at the Inferred level @ 1.10% TREO, at a cut-off grade of 0.015 wt% U3O8).
I have also updated the pricing used in the Index data, to reflect the average monthly prices for April 2012 and the moving three-year average price for separated rare-earth oxides.
In addition, to the new projects above, two companies with projects on the Index announced updates to their existing resource estimates:
- On April 16, 2012, Pele Mountain Resources Inc. (TSX.V:GEM, OTCQX:GOLDF) announced an update to its NI-43-101-compliant mineral-resource estimate for the Eco Ridge project in Canada, as part of an updated Preliminary Economic Assessment report. According to the associated press release, 48.7 Mt of the resource is at the Indicated level @ 0.12% TREO and 37.9 Mt is at the Inferred level @ 0.22% TREO (each at a cut-off value of $100 / tonne for the Main Conglomerate Bed and $50 / tonne for the Hanging Wall Zone).
- Hudson Resources Inc. (TSX.V:HUD, OTCQX:HUDRF) announced an update to its NI 43-101-compliant mineral-resource estimate for the ST1 Zone of its Sarfartoq project in Greenland, on April 26, 2012. According to the associated press release, 5.9 Mt of the resource is at the Indicated level @ 1.77% TREO and 2.5 Mt is at the Inferred level @ 1.59% TREO (each at a cut-off grade of 1.0 wt% TREO).
FYI, TMR is now tracking a total of 429 rare-earth projects under development associated with 261 different companies in 37 different countries.
You can access the updated details via the Index page.
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.