Updated TMR Advanced Rare-Earth Projects Index

September 27, 2011 07:00 PM

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. According to an 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. 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, constitute more than 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, 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 Lifton and I are hosting the TMR Rare Earths Boot Camp in Toronto October 31-November 1. This will be an intensive, two-day educational program for technical, financial, investment, and policy-making professionals, and will be 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, visit http://www.rareearthsbootcamp.com to get more details and to register.

Gareth Hatch analyzes the role of rare and strategic metals in the technology supply chain and is a co-founder with Jack Lifton of Technology Metals Research LLC as well as founder of Terra Magnetica and an editor at RareMetalBlog.

About the Author

Gareth Hatch analyzes the role of rare and strategic metals in the technology supply chain. He is a co-founder with Jack Lifton of Technology Metals Research LLC, as well as president and director of Innovation Metals Corp.