I recently updated the TMR Advanced Rare-Earth Projects Index, to reflect one new addition and two updates. The effective date of the latest edition is November 5, 2013. The specifics:
- On October 15, 2013, Northern Minerals Limited (ASX:NTU) announced an updated JORC-compliant mineral-resource estimate for the Browns Range project in Australia, of which the previously announced Wolverine prospect is a part. According to the associated news release, 2.53 Mt of the overall Browns Range resource is at the Indicated level @ 0.72% TREO and 21.60 Mt is at the Inferred level @ 0.63% TREO, each at a cut-off grade of 0.15% TREO;
- On October 21, 2013, Ucore Rare Metals Inc. (TSX.V:UCU, OTCQX:UURAF). announced an updated NI-43-101-compliant mineral-resource estimate for the Bokan Dotson-Ridge project in the USA. According to the associated news release, 2.9 Mt of the resource is at the Indicated level @ 0.615% TREO and 2.0 Mt is at the Inferred level @ 0.606% TREO, each at a cut-off grade of 0.40% TREO; and
- On October 31, 2013 at the COM 2013 REE Symposium in
BrazilMontreal, Canada, Mining Ventures Brasil Ltda. announced a maiden NI-43-101-compliant mineral-resource estimate for the Serra Verde project in Brazil, originally completed in April 2013. According to the associated paper in the Proceedings of the event, 178 Mt of the resource is at the Indicated level @ 0.16% TREO and 234 Mt is at the Inferred level @ 0.16% TREO, each at a cut-off grade of 0.1% 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 October 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.