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 December 5, 2014. The specifics:
- On October 10, 2014, Rare Element Resources Ltd. (TSX:RES, MKT:REE) shared details of the NI 43-101-compliant mineral-resource estimate for the Bear Lodge project in the USA, which was initially announced earlier in the year, in an updated pre-feasibility study for the project. According to the associated technical report, 2.7 Mt of the resource is at the Measured level @ 3.81% TREO, 13.5 Mt is at the Indicated level @ 2.93% TREO, and 41.7 Mt is at the Inferred level @ 2.53% TREO, each at a cut-off grade of 1.5 wt% TREO;
- On November 10, 2014, Hastings Rare Metals Ltd. (ASX:HAS) announced an updated JORC-compliant mineral-resource estimate for the Yangibana project in Australia, a joint venture with Rare Earth Minerals PLC (AIM:REM). According to the associated news release, 4.0 Mt of the resource is at the Indicated level @ 1.59% TREO, and 2.8 Mt is at the Inferred level @ 1.43% TREO, each at a cut-off grade of 0.5 wt% TREO; and
- In the same news release, Hastings Rare Metals Ltd. (ASX:HAS) indicated that the Hastings project in Australia is now known as the Brockmans project.
The Index currently consists of 58 rare-earth mineral resources, associated with 53 advanced rare-earth projects and 49 companies, located in 34 regions within 16 countries.
I have also updated the pricing used in the Index data, to reflect the average monthly prices for November 2014, as reported by Metal Pages. 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.