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 November 19, 2015. The specifics:
- On October 6, 2015, Hastings Technology Metals Limited (ASX:HAS) (formerly Hastings Rare Metals Limited) announced an updated JORC-guided mineral-resource estimate for the Yangibana project in Australia. According to the associated news release, 8.1 Mt of the resource is at the Indicated level @ 1.07% TREO and 4.2 Mt is at the Inferred level @ 1.07% TREO, both without a cut-off grade.
- On October 8, 2015, Crossland Strategic Metals Limited (ASX:CUX) announced that its previous joint-venture partner in the Charley Creek project in Australia, Pancontinental Uranium Corporation (TSX.V:PUC), has sold its stake in the project to a private Australian company 100% owned by EMMCO Mining Sdn Bhd, a private Malaysian company.
- On October 12, 2015, Hastings Rare Metals Limited (ASX:HAS) announced a name change to Hastings Technology Metals Limited.
- On October 16, 2015, the Thorium Foundation announced completion of the acquisition of the Steenkampskraal project in South Africa, formerly owned by Great Western Minerals Group Ltd. (TSX.V:GWG) before being transferred to the Douglas Trust.
- On October 30, 2015, Arafura Resources Limited (ASX:ARU) announced an updated JORC-guided mineral-resource estimate for the Nolans project in Australia. According to the associated news release, 4.9 Mt of the resource is at the Measured level @ 3.2% TREO, 30.0 Mt is at the Indicated level @ 2.7% TREO, and 21 Mt is at the Inferred level @ 2.3% TREO, each at a cut-off grade of 1% TREO.
The Index currently consists of 58 rare-earth mineral resources, associated with 53 advanced rare-earth projects and 49 companies, located in 35 regions within 16 countries.
I have also updated the pricing used in the Index data, to reflect the average monthly prices for October 2015. The underlying pricing data used are copyright © 2015 Argus Media Group, with all rights reserved and used with permission under license. 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.
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