I recently updated the TMR Advanced Rare-Earth Projects Index, to reflect two updates. The effective date of the latest edition is December 9, 2013. The specifics:
- On August 6, 2013, Montero Mining and Exploration Ltd. (TSX.V:MON) announced an updated NI 43-101-compliant mineral-resource estimate for the Twiga Zone of the Wigu Hill project in Tanzania. According to the associated news release, 0.47 Mt of the Twiga Zone is at the Inferred level @ 5.24% TREO5, at a cut-off grade of 3.0% TREO5 (where TREO5 refers to oxides of La, Ce, Pr, Nd & Sm) or 5.27% TREO at the same cut off; and
- On November 12, 2013, Great Western Minerals Group Ltd. (TSX.V:GWG, OTCQX:GWMGF) announced an updated NI 43-101-compliant mineral-resource estimate for the Steenkampskraal project in South Africa. According to the associated news release, 0.085 Mt of the resource is at the Measured level @ 19.48% TREO, 0.52 Mt is at the Indicated level @ 13.51% TREO and 0.06 Mt is at the Inferred level @ 10.46% TREO, each at a cut-off grade of 1.0% TREO.
The Index currently consists of 57 rare-earth mineral resources, associated with 51 advanced rare-earth projects and 48 different companies, located in 34 different regions within 16 different countries.
I have also updated the pricing used in the Index data, to reflect the average monthly prices for November 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.