I recently updated the TMR Advanced Rare-Earth Projects Index, to reflect one update. There was also one other project-related announcement since the last edition. The effective date of the latest edition is January 16 2014. The specifics:
- On October 21, 2013, Matamec Explorations Inc. (TSX.V:MAT, OTCQX:MHREF) announced the filing on SEDAR of the Feasibility Study Report for the Kipawa project in Canada. The Report included an updated NI 43-101-compliant mineral-resource estimate for Kipawa. According to the Report, 10.5 Mt of the resource is at the Measured level @ 0.46% TREO, 13.4 Mt is at the Indicated level @ 0.36% TREO and 3.3 Mt is at the Inferred level @ 0.31% TREO, each at a cut-off grade of 0.2% TREO.
- On December 19, 2013, Rare Element Resources Ltd. (TSX:RES, MKT:REE) announced an updated NI 43-101-compliant mineral-resource estimate for the Bear Lodge project in the USA. The announcement including updated data for the Measured and Indicated portions of the project only; once updated data for the Inferred Resource has also been published, the Index will be updated accordingly.
The Index currently consists of 57 rare-earth mineral resources, associated with 51 advanced rare-earth projects and 48 different companies, located in 34 different regions within 16 different countries.
I have also updated the pricing used in the Index data, to reflect the average monthly prices for December 2013, as reported by Metal Pages. You can access the updated details via the Index page.
One final note – the easy-to-remember shortcut for accessing the Index is www.RareEarths.org.
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.