I recently updated the list of projects on the TMR Advanced Rare-Earth Projects Index, to reflect a number of updates. The effective date of the updates is February 15, 2013. The specifics:
- On November 1, 2012, Search Minerals Inc. (TSX.V:SMY) announced an updated NI 43-101-compliant mineral-resource estimate for the Foxtrot project in Canada. According to the associated press release, 9.2 Mt of the resource is at the Indicated level @ 1.06% TREO and 5.2 Mt is at the Inferred level @ 0.93% TREO (each at a cut-off grade of 150 ppm Dy2O3).
- On January 23, 2013, Great Western Minerals Group Ltd. (TSX.V:GWG, OTCQX:GWMGF) announced an updated NI 43-101-compliant mineral-resource estimate for the Steenkampskraal project in South Africa. According to the associated press release, 176 kt of the resource is at the Indicated level @ 18.2% TREO and 278 kt is at the Inferred level @ 15.2% TREO (each at a cut-off grade of 1% TREO).
- On February 7, 2013, Rare Earth Metals Inc. announced a name change to Canada Rare Earth Corp. (TSX.V:LL).
With this update, The Index currently consists of 49 rare-earth mineral resources, associated with 45 advanced rare-earth projects and 43 different companies, located in 31 different regions within 14 different countries.
I have also updated the pricing used in the Index data, to reflect the average monthly prices for January 2013.
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.