I recently updated the TMR Advanced Rare-Earth Projects Index, to reflect project updates since the last edition. The effective date of the latest edition is January 21, 2015. The specifics:
- On December 17, 2014, Tantalus Rare Earths AG (F:TAE) announced an updated NI 43-101-guided mineral-resource estimate for the Tantalus project in Madagascar. According to the associated news release, 40.1 Mt of the resource is at the Measured level @ 0.10% TREO, 157.6 Mt is at the Indicated level @ 0.09% TREO, and 430.0 Mt is at the Inferred level @ 0.09% TREO, each at a cut-off grade of 0.03-0.05% TREO without Ce. ; and
- On January 21, 2015, Tasman Metals Ltd. (TSX.V:TSM, MKT:TAS) announced an updated NI 43-101-guided mineral-resource estimate for the Norra Kärr project in Sweden, as part of a completed maiden pre-feasibility study (PFS). According to the associated news release, 31.1 Mt of the resource is at the Indicated level @ 0.61% TREO, at a cut-off grade of 0.4 wt% TREO. We await a response from the company on some details of the elemental breakdown, before we update the various tables with the new resource estimate.
The Index currently consists of 58 rare-earth mineral resources, associated with 53 advanced rare-earth projects and 49 companies, located in 34 regions within 16 countries.
I have also updated the pricing used in the Index data, to reflect the average monthly prices for December 2014, 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.