I recently updated the list of projects on the TMR Advanced Rare-Earth Projects Index, to reflect a recently announced update to a rare-earth mineral-resource estimate. I also made some other updates. The effective date of the updates is November 10, 2012. The specifics:
- On October 31, 2012, Quest Rare Minerals Ltd. (TSX.V:QMR, MKT:QRM) announced an updated NI 43-101-compliant mineral-resource estimate for the Strange Lake B-Zone project in Canada. According to the associated press release, 278.1 Mt of the resource is at the Indicated level @ 0.93% TREO and 214.4 Mt is at the Inferred level @ 0.85% TREO (each at a cut-off grade of 0.5% TREO). The portion of the resource at the Indicated level contains a higher-grade “Enriched Zone” of 20.0 Mt @ 1.44% TREO (previously referred to as the “Pegmatitic Spine”).
I have also updated the pricing used in the Index data, to reflect the average monthly prices for October 2012 and the moving three-year average price for separated rare-earth oxides.
FYI, TMR is tracking a total of 442 rare-earth projects in progress associated with 260 different companies in 37 different countries.
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.