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 August 2, 2015. The specifics:
- On May 11, 2015, Ucore Rare Metals Inc. (TSX.V:UCU) announced an updated NI 43-101-guided mineral-resource estimate for the Bokan-Dotson Ridge project in the USA. According to the associated news release, 4.8 Mt of the resource is at the Indicated level @ 0.602% TREO and 1.1 Mt is at the Inferred level @ 0.603% TREO, both at a cut-off grade of 0.40% TREO;
- On May 12, 2015, Frontier Rare Earths Ltd. (TSX:FRO) announced an updated NI 43-101-guided mineral-resource estimate for the Zandkopsdrift project in South Africa as part of a completed pre-feasibility study. According to the associated news release, 23.0 Mt of the resource is at the Measured level @ 2.07% TREO, 22.7 Mt is at the Indicated level @ 1.73% TREO, and 1.1 Mt is at the Inferred level @ 1.52% TREO, each at a cut-off grade of 1% TREO; and
- On June 17, 2015, Geomega Resources Inc. (TSX.V:GMA) announced an updated NI 43-101-guided mineral-resource estimate for the Montviel project in Canada. According to the associated news release, 82.4 Mt of the resource is at the Indicated level @ 1.51% TREO and 184.2 Mt is at the Inferred level @ 1.43% TREO, at an unspecified cut-off grade.
The Index currently consists of 58 rare-earth mineral resources, associated with 53 advanced rare-earth projects and 49 companies, located in 35 regions within 16 countries.
I have also updated the pricing used in the Index data, to reflect the average monthly prices for July 2015. The underlying pricing data used are copyright © 2015 Argus Media Group, with all rights reserved and used with permission under license. 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.