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

by Gareth Hatch on November 9, 2013 · 5 comments

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 ~~Brazil~~ Montreal, 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.

About Gareth Hatch

For more than 25 years, Gareth Hatch has helped people and organizations to better understand the challenges of the critical-materials supply chain. He is Managing Director of Strategic Materials Advisory and was a co-founder of Technology Metals Research, consulting firms operating in the critical-materials sector. The views and opinions expressed by Gareth on this archived Web site are his alone. Such views and opinions do not necessarily represent those of any other person or entity.

1 Gennady November 10, 2013 at 1:12 AM: Given the total volume of gold production at Kulari, we can assume the presence of man-made dumps at least 30-40 tons of metal, which is literally on the surface. In addition, man-made dumps contains rich kularita (new mineral, open geologists Kulari), which contains 16 rare earth elements. These stocks is assessed at 40 thousand tons http://zolotodb.ru/news/10693 Plus, the 102 tons of gold. http://www.mineral.ru/News/15034.html
2 Jackie L Goldsmith November 10, 2013 at 2:39 AM: There are alot of rare earths drawn to ferro silica depoists with carbonate /shale inter mixed. Values are very, very ,very high and have been of excellant value to me and my associates at this time. I have a field method for checking these REE and HREE out in the field using UPS and portable hand held X Ray on a precious metals setting… works very well and once trans fered to a spread sheet the data is avaiable to present to your client or corpoate office by internet. … In fact a print out is availble on sight for engineering discussions for that specfic GPS position. Sites samples are taken from are flagged for future referance. Jackie L, Goldsmith Physical/Analytical/Geo Chemist jackieg1936@yahoo.com
3 Michel Proulx November 11, 2013 at 9:04 PM: New addition to future TMR Advanced Rare-Earth Projects Index will be Grevet REE Property.
Some 143 carbonatite and related lithological showings have been recognized to date within the Grevet REE Property. At least 50 of these showings have produced rock samples with elevated REE > 0.50% total rare earth oxide, (TREO) in carbonatite, with 14 showings having greater than 1.0% TREO, and 3 showings having rock samples with 12.24%, 19.6% and 20.4% TREO.
This Grevet REE Property is actually available front the owner.
4 tim fried November 19, 2013 at 12:26 AM: Hi Gareth
Just wondering why you are no longer showing the size of the ore body (as you were up until August). Quite handy to know if it’s a large or small resource.
Cheers
5 Gareth Hatch November 21, 2013 at 8:39 AM: @Tim: The estimated quantity of contained rare earths is still listed – third column from the right, and I would argue that that is more important than the overall resource size. However, we can look at putting that overall resource size column back in :-)