I recently updated the TMR Advanced Rare-Earth Projects Index, to reflect a name change. The effective date of the update is May 20, 2013 May 16, 2013. The specifics:
- On March 7, 2013, Galileo Resources PLC (AIM:GLR) announced an update to the SAMREC-compliant mineral-resource estimate for the Glenover project in South Africa. According to the executive summary of the associated preliminary economic assessment, 7.4 Mt of the resource is at the Indicated level @ 2.20% TREO and 3.0 Mt is at the Inferred level @ 1.96% TREO (cut-off grade not specified).
- On May 16, 2013, Crossland Uranium Mines Limited (ASX:CUX), co-developer of the Charley Creek project in Australia, announced a name change to Crossland Strategic Metals Limited, while maintaining the same ticker symbol.
The Index currently consists of 51 rare-earth mineral resources, associated with 46 advanced rare-earth projects and 44 different companies, located in 32 different regions within 15 different countries.
I have also updated the pricing used in the Index data, to reflect the average monthly prices for April 2013.
You can access the updated details via the Index page.
Last updated on May 20, 2013 to reflect additional update on Glenover project.
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.
I recently updated the list of projects on the TMR Advanced Rare-Earth Projects Index, to reflect a new addition and three resource updates. The effective date of the update is April 15, 2013. The specifics:
- On January 31, 2013, Seltenerden Storkwitz AG announced a maiden JORC-compliant resource estimate for the Storkwitz project in Germany. According to the associated press release and other corporate information, 2.0 Mt of the resource is at the Indicated level @ 0.49% TREO and 2.4 Mt is at the Inferred level @ 0.42% TREO (each at a cut-off grade of 0.25% TREO).
- On March 18, 2013, Rare Element Resources Ltd. (TSX:RES, MKT:REE) announced an updated NI 43-101-compliant mineral-resource estimate for the Bear Lodge project in the USA. According to the associated press release, 1.8 Mt of the resource is at the Measured level @ 3.92% TREO, 11.5 Mt is at the Indicated level @ 3.11% TREO and 38.4 Mt is at the Inferred level @ 2.59% TREO (each at a cut-off grade of 1.5% TREO).
- On April 4, 2013, Peak Resources Ltd. (ASX:PEK, OTCQX:PKRLY) announced an updated JORC-compliant mineral-resource estimate for the Ngualla project in Tanzania. According to the associated press release, 27 Mt of the resource is at the Measured level @ 4.33% TREO, 13 Mt is at the Indicated level @ 3.99% TREO and 1.7 Mt is at the Inferred level @ 3.56% TREO (each at a cut-off grade of 3.0% TREO).
- On April 7, 2013, Tantalus Rare Earths AG (F:TAE:GR) announced an updated JORC-compliant mineral-resource estimate for the Tantalus project in Madagascar. According to the associated press release, 435 Mt of the resource is at the Inferred level @ 0.08% TREO, with no cut-off grade.
With this new addition, The Index currently consists of 51 rare-earth mineral resources, associated with 46 advanced rare-earth projects and 44 different companies, located in 32 different regions within 15 different countries.
I have also updated the pricing used in the Index data, to reflect the average monthly prices for March 2013.
You can access the updated details via the Index page.
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.
