Over the weekend I updated the list of projects on the TMR Advanced Rare-Earth Projects Index, to reflect not one but two new rare-earth mineral resource estimates, which were announced earlier this month. I also made some other updates. The specifics:
- Hastings Rare Metals Limited (ASX:HAS) announced a JORC-compliant mineral-resource estimate for its Hastings project in Australia, on September 8, 2011. According to the associated press release, 27.100 Mt of the resource is at the Indicated level @ 0.21 wt% TREO, and 9.100 Mt is at the Inferred level @ 0.21 wt% TREO (both at a cut-off grade of 0.15 wt% Nb2O3 – this is a polymetallic deposit).
- Montero Mining and Exploration Ltd. (TSX.V:MON) announced a 43-101-compliant mineral-resource estimate for its Wigu Hill project in Tanzania, on September 12, 2011. According to the associated press release, 3.3 Mt of the resource is at the Inferred level @ 2.59 wt% TREO (at a cut-off grade of 1 wt%). Note that the estimate is for the five light rare earths (oxides of La, Ce, Pr, Nd & Sm), which according to the associated press release, constitute over 99% of the rare earths present.
- I have removed references to Rare Earth Extraction Co. (Rareco) – since Great Western Minerals Group Ltd. (TSX.V:GWG, OTCBB:GWMGF) now has 100% ownership of the latter company, which is now a wholly-owned subsidiary.
- I have also updated the pricing used in the Index data, to reflect the average monthly prices for August 2011 and the moving three-year average price for separated rare-earth oxides.
FYI, TMR is now tracking a total of 389 rare-earth development projects associated with 244 different companies in 35 different countries.
You can access the updated details via the Index page.
One other reminder: Jack and I are hosting the TMR Rare Earths Boot Camp in Toronto during October 31 – November 1, 2011. This will be an intensive, two-day educational program for technical, financial, investment and policy-making professionals, focused on teaching the fundamentals of the rare-earths sector. The event features a world-class, independent expert faculty, who will draw from their decades of experience to teach specific aspects of the rare-earths lifecycle, at a level that everyone can understand.
Places are filling up, so if you’re interested in attending, or in having a colleague or member of your staff attend, click on the link on the upper right-hand side of this page, or visit http://www.rareearthsbootcamp.com to get more details and to register.