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 April 2, 2015. The specifics:
- In November 2014, Mineração Serra Verde, a subsidiary of Mining Ventures Brasil, completed a pre-feasibility study for the Serra Verde project in Brazil, which included an upgraded NI 43-101-guided mineral-resource estimate. Per the company's Web site, 7 Mt of the resource is at the Measured level @ 0.16% TREO, 381 Mt is at the Indicated level @ 0.16% TREO, and 521 Mt is at the Inferred level @ 0.016% TREO, each at a cut-off grade of 0.1% TREO;
- On December 17, 2014, AusAmerican Mining Limited (ASX:AIW), owners of the La Paz project in the USA, changed its name to AusROC Metals Ltd.(ASX:ARK);
- On January 22, 2015, IAMGold Corporation (NYSE:IAG) completed the sale of its Niobec niobium mine in Canada, and the associated adjacent REE deposit, to Magris Resources Inc., a private Canadian company.;
- On February 12, 2015, Greenland Minerals and Energy Ltd. (ASX:GGG) announced an updated JORC-guided mineral-resource estimate for the Kvanefjeld project in Greenland. According to the associated news release, 143 Mt of the resource is at the Measured level @ 1.21% TREO, 308 Mt is at the Indicated level @ 1.11% TREO, and 222 Mt is at the Inferred level @ 1.00% TREO, each at a cut-off grade of 0.015% U3O8. We await a response from the company on some details of the elemental breakdown, before we update the distribution and grade tables; and
- On February 23, 2015, Northern Minerals Limited (ASX:NTU) announced an updated JORC-guided mineral-resource estimate for the Browns Range project in Australia. According to the associated news release, 4.7 Mt of the resource is at the Indicated level @ 0.70% TREO and 4.3 Mt is at the Inferred level @ 0.56% TREO, each at a cut-off grade of 0.15% TREO.
The Index currently consists of 58 rare-earth mineral resources, associated with 53 advanced rare-earth projects and 49 companies, located in 34 regions within 16 countries.
I have also updated the pricing used in the Index data, to reflect the average monthly prices for March 2014, as reported by Metal Pages. 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.