June 2013 Updates To The TMR Advanced Rare-Earth Projects Index

I recently updated the TMR Advanced Rare-Earth Projects Index, to reflect one new addition and three updates. The effective date of the update is July 24, 2013. The specifics:

• On January 11, 2013, DNI Metals Inc. (TSX.V:DNI) announced an updated NI-43-101-compliant mineral-resource estimate for the Buckton project in Canada. According to the associated press release, 3.2 Gt of the resource is at the Inferred level @ 0.03% TREO, at a cut-off value of $10 / t mineral resource.
• On February 20, 2013, IAMGOLD Corporation (TSX:IMG, NYSE:IAG) announced an updated NI-43-101-compliant mineral-resource estimate for the Niobec project in Canada. According to the associated news release, 531Mt of the resource is at the Indicated level @ 1.64% TREO and 527 Mt is at the Inferred level @ 1.83% TREO, each at a cut-off grade of 0.5%. This updated resource estimate makes the Niobec deposit the largest on the TMR Index, in terms of contained rare earths.
• On February 28, 2013, DNI Metals Inc. (TSX.V:DNI) announced a maiden NI-43-101-compliant mineral-resource estimate for the Buckton South project in Canada. According to the associated press release, 496.7 Mt of the resource is at the Inferred level @ 0.03% TREO, at a cut-off value of $10 / t mineral resource.
• On June 26, 2013 Rare Element Resources Inc. (TSX:RES, MKT:REE) published an amendment to its May 3, 2013 NI-43-101-compliant mineral resource estimate for the Bear Lodge project in the USA, first announced in March 2013. There were minor differences between the resource estimates described in the amended report, and those in the original news release

The Index currently consists of 52 rare-earth mineral resources, associated with 47 advanced rare-earth projects and 44 different companies, located in 32 different regions within 15 different countries.

I have also updated the pricing used in the Index data, to reflect the average monthly prices for June 2013. 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.