July 2011 Updates To The TMR Advanced Rare-Earth Projects Index

by Gareth Hatch on July 15, 2011 · 2 comments

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.

About Gareth Hatch

For more than 20 years, Gareth Hatch has helped people and organizations to better understand the challenges of the critical-materials supply chain. He is Managing Director of Strategic Materials Advisors and was a co-founder of Technology Metals Research, consulting firms operating in the critical-materials sector. Gareth is co-founder and CEO of Innovations Metals Corp. (IMC), developers of the proprietary RapidSX™ separation and purification process for critical metals. IMC is owned by Ucore Rare Metals Inc. (TSX.V:UCU) for whom he serves as CTO and Director. The views and opinions expressed by Gareth on this archived Web site are his alone. Such views and opinions do not necessarily represent those of any other person or entity.

1 Tom Bailey July 16, 2011 at 9:25 PM: Gareth, with 381 development projects in the pipeline, all sorts of wonderful information will come out, if only to keep stock prices rolling. My take is that about 375 projects wont make it. I respect people like Jack Liffton, Mickey Fulp and yourself. The servivors in the race are 10 minutes from the finish line. So informed investors need to track those projects. Could you maybe help there, with info on projects that have heavy RE and Light RE that will in the final 6 miners outside China. They will be in my opinion the only ones that matter. After they get moving with their take off contracts the world will be covered in REE goo powder.
2 Gary Lewis July 17, 2011 at 10:54 AM: Both are good projects.
I feel there is alot more room n this market then meets the eye.
As times goes on alot more uses will be found for these REEs.
In power generation alone if V redocs battery technology proves out then the sky is the limit.
Here is one for u.
At this time we are resticted by wind issues and resulting demands.
They are looking at tital.
The answer is in existing penstocks , Forcemainsand farming river currents.
This can provide so much green energy.
Remember the next world super power will be the the one with the greatest supply of green power and efficient use of power and thatis why REEs are not a flash in the pan.
As the big energy suppliers get dialed in things will change.
They can control this market much like diamonds are controled.
It would be easy now as the supply outside of china is so small.
MCP and Lynus could partner up with big oil and the world would have 3 suppliers.
Consolidation