Since our last update note (which was two months ago now), there have been significant updates to the data for two projects on the TMR Advanced Rare-Earth Projects Index, and changes to two others:
- Rare Element Resources Ltd. (TSX.V:RES, AMEX:REE) published an updated mineral-resource estimate on June 14, 2011. 4.44 Mt of the resource is now Indicated @ 3.77 wt% TREO, and 16.16 Mt is now Inferred, @ 3.03 wt% TREO (both at a cut-off grade of 1.5%). The associated data have been updated accordingly.
- Matamec Explorations Inc. (TSX.V:MAT, PK:MTCEF) published an updated mineral-resource estimate on June 30, 2011. 12.472 Mt of the resource is now Indicated @ 0.51 wt% TREO, and 3.842 Mt is now Inferred @ 0.46 wt% TREO (both at a cut-off grade of 0.3%). The associated data have been updated accordingly.
- Kimberley Rare Earths (ASX:KRE) is looking to become a JV partner on the Cummins Range project with Navigator Resources (ASX:NAV).
- Korea Resources Corp. is now involved with the Zandkopsdrift project owned by Frontier Rare Earths Ltd. (TSX.V:FRO, PK:FREFF). Details have yet to be finalized, but this development is now reflected in the associated details for this project.
FYI, TMR is now tracking a total of 381 rare-earth development projects associated with 244 different companies in 35 different countries.
I have updated the pricing used in the Index data, to reflect the average monthly prices for June 2011 and the moving three-year average price for separated rare-earth oxides.
You can access the details via the Index page.