I recently updated the TMR Advanced Rare-Earth Projects Index, to reflect a project update since the last edition. The effective date of the latest edition is March 7, 2014. The specifics:
- On February 26, 2014, Northern Minerals Limited (ASX:NTU) announced an updated JORC-compliant mineral-resource estimate for the Browns Range project in Australia. According to the associated news release, 4.37 Mt of the resource is at the Indicated level @ 0.72% TREO and 2.12 Mt is at the Inferred level @ 0.77% TREO, each at a cut-off grade of 0.15% TREO .
The Index currently consists of 57 rare-earth mineral resources, associated with 51 advanced rare-earth projects and 49 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 February 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.