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

by Gareth Hatch on April 17, 2013 · 3 comments

I recently updated the list of projects on the TMR Advanced Rare-Earth Projects Index, to reflect a new addition and three resource updates. The effective date of the update is April 15, 2013. The specifics:

On January 31, 2013, Seltenerden Storkwitz AG announced a maiden JORC-compliant resource estimate for the Storkwitz project in Germany. According to the associated press release and other corporate information, 2.0 Mt of the resource is at the Indicated level @ 0.49% TREO and 2.4 Mt is at the Inferred level @ 0.42% TREO (each at a cut-off grade of 0.25% TREO).
On March 18, 2013, Rare Element Resources Ltd. (TSX:RES, MKT:REE) announced an updated NI 43-101-compliant mineral-resource estimate for the Bear Lodge project in the USA. According to the associated press release, 1.8 Mt of the resource is at the Measured level @ 3.92% TREO, 11.5 Mt is at the Indicated level @ 3.11% TREO and 38.4 Mt is at the Inferred level @ 2.59% TREO (each at a cut-off grade of 1.5% TREO).
On April 4, 2013, Peak Resources Ltd. (ASX:PEK, OTCQX:PKRLY) announced an updated JORC-compliant mineral-resource estimate for the Ngualla project in Tanzania. According to the associated press release, 27 Mt of the resource is at the Measured level @ 4.33% TREO, 13 Mt is at the Indicated level @ 3.99% TREO and 1.7 Mt is at the Inferred level @ 3.56% TREO (each at a cut-off grade of 3.0% TREO).
On April 7, 2013, Tantalus Rare Earths AG (F:TAE:GR) announced an updated JORC-compliant mineral-resource estimate for the Tantalus project in Madagascar. According to the associated press release, 435 Mt of the resource is at the Inferred level @ 0.08% TREO, with no cut-off grade.

With this new addition, The Index currently consists of 51 rare-earth mineral resources, associated with 46 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 March 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.

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 Christina Chen April 18, 2013 at 2:24 AM: Hi Gareth,
Thank you for the updates. I wonder if the rare earth manufacturers outside of China are still profitable as the prices of the Nd & Dy are back to the level before March 2011.
Thanks,
Christina
2 Amar Acharjee April 18, 2013 at 6:03 AM: Dear Sir,
Thank you very much for an update confirmation article with an updated price index data.
-Amar Acharjee
3 Dr.Rao April 23, 2013 at 8:37 PM: Dear Sir
Thank you very much for updated information.