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

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.