TMR Advanced Rare-Earth Projects Index
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TMR is first and foremost interested in the rare-earths sector from the strategic point of view. We are interested in the potential value that specific rare-earth deposits and their development could have, in the furtherance of the needs and demands of the overall technology supply chain.
The TMR Advanced Rare-Earth Projects Index consists of rare-earth projects currently underway around the world, which have been either:
- formally defined as a mineral resource or reserve under the guidelines of a relevant scheme such as NI 43-101 or the JORC Code, or
- subject to past mining campaigns, and for which reliable historical data is available, even if not formally compliant with a relevant scheme.
The Index, last updated on February 15, 2012, currently consists of 34 advanced rare-earth projects, associated with 32 different companies and located in 13 different countries, as shown in the table below. Click on a project name to see the data associated with the project.
Araxá – Minas Gerais, Brazil
MBAC Fertilizer Group (TSX:MBC, OTCQX:MBCFF)

| Resource | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Inferred | 6.0 | 2,700,000 | 6.61 | 178,470 |
| TOTALS | 2,700,000 | 6.61 | 178,470 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 2,898 | 44 |
| January 2012 | 3,086 | 47 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 2.45 | 4.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 6.61 wt% |
| In-situ REO:TREO (wt%) | 37.01 | 61.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.50 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Bear Lodge (Bull Hill Zone) – Wyoming, USA
Rare Element Resources Ltd. (TSX.V:RES, AMEX:REE)

| Resource | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Measured | 1.5 | 1,850,000 | 3.95 | 73,075 |
| Indicated | 1.5 | 4,300,000 | 3.67 | 157,810 |
| Inferred | 1.5 | 22,000,000 | 2.73 | 600,600 |
| TOTALS | 28,150,000 | 2.95 | 831,485 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 2,015 | 68 |
| January 2012 | 3,276 | 111 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): 2015
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.80 | 1.29 | 0.15 | 0.53 | 0.08 | 0.02 | 0.04 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 2.95 wt% |
| In-situ REO:TREO (wt%) | 27.08 | 43.77 | 5.02 | 17.84 | 2.82 | 0.61 | 1.36 | 0.11 | 0.32 | 0.04 | 0.07 | 0.01 | 0.04 | 0.01 | 0.91 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Bokan (Dotson / I & L Zones) – Alaska, USA
Ucore Rare Metals Inc. (TSX.V:UCU, OTCQX:UURAF)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Inferred | 0.5 | 3,669,000 | 0.75 | 27,518 |
| TOTALS | 3,669,000 | 0.75 | 27,518 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 693 | 92 |
| January 2012 | 1,278 | 170 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.08 | 0.22 | 0.03 | 0.11 | 0.03 | 0.00 | 0.03 | 0.01 | 0.03 | 0.01 | 0.02 | 0.00 | 0.01 | 0.00 | 0.19 | 0.75 wt% |
| In-situ REO:TREO (wt%) | 10.32 | 29.49 | 3.49 | 14.48 | 3.75 | 0.40 | 3.62 | 0.67 | 3.89 | 0.80 | 2.01 | 0.27 | 1.47 | 0.13 | 25.20 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Buckton – Alberta, Canada
DNI Metals Inc. (TSX.V:DNI, F:DG7)

| Resource | COG ($/t(MR)) | MR (t) | TREO (wt%) | TREO (t) |
| Inferred | 7.50 | 250,092,000 | 0.03 | 80,029 |
| TOTALS | 250,092,000 | 0.03 | 80,029 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 28 | 86 |
| January 2012 | 50 | 157 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.03 wt% |
| In-situ REO:TREO (wt%) | 18.52 | 29.63 | 4.01 | 15.43 | 3.40 | 0.62 | 3.09 | 0.62 | 2.47 | 0.62 | 1.54 | 0.31 | 1.54 | 0.31 | 17.90 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Çanakli I – Burdur, Turkey
AMR Mineral Metal Inc.

| Resource | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Inferred | 0.6 | 49,000,000 | 0.09 | 42,826 |
| TOTALS | 49,000,000 | 0.09 | 42,826 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 61 | 70 |
| January 2012 | 101 | 116 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.02 | 0.04 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 wt% |
| In-situ REO:TREO (wt%) | 24.49 | 44.39 | 4.58 | 15.10 | 2.17 | 0.57 | 1.37 | 0.23 | 0.80 | 0.11 | 0.46 | 0.11 | 0.46 | 0.11 | 5.03 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Clay-Howells – Ontario, Canada
Rare Earth Metals Inc. (TSX.V:RA, OTCQX:RAREF)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Inferred | 0.6 | 8,477,000 | 0.73 | 62,052 |
| TOTALS | 8,477,000 | 0.73 | 62,052 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 544 | 74 |
| January 2012 | 921 | 126 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.18 | 0.32 | 0.03 | 0.11 | 0.02 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.73 wt% |
| In-situ REO:TREO (wt%) | 25.10 | 43.62 | 4.39 | 15.09 | 2.33 | 0.55 | 1.51 | 0.55 | 0.96 | 0.14 | 0.41 | 0.00 | 0.41 | 0.00 | 4.94 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Cummins Range – Western Australia, Australia
Navigator Resources Limited (ASX:NAV) & Kimberley Rare Earths Limited (ASX:KRE)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Inferred | 1.0 | 4,900,000 | 1.74 | 85,260 |
| TOTALS | 4,900,000 | 1.74 | 85,260 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 1,103 | 63 |
| January 2012 | 1,694 | 97 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.46 | 0.80 | 0.08 | 0.27 | 0.03 | 0.01 | 0.02 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 1.72 wt% |
| In-situ REO:TREO (wt%) | 26.88 | 46.77 | 4.80 | 15.70 | 1.87 | 0.36 | 1.13 | 0.00 | 0.49 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 1.97 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Dubbo Zirconia Project – New South Wales, Australia
Alkane Resources Ltd. (ASX:ALK, OTCQX:ANLKY)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Indicated | N/A | 35,700,000 | 0.89 | 317,730 |
| Inferred | N/A | 37,500,000 | 0.89 | 333,750 |
| TOTALS | 73,200,000 | 0.89 | 651,480 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 642 | 72 |
| January 2012 | 1,055 | 119 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): 2013-2014
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.17 | 0.33 | 0.04 | 0.13 | 0.02 | 0.00 | 0.02 | 0.00 | 0.02 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.14 | 0.89 wt% |
| In-situ REO:TREO (wt%) | 19.55 | 36.85 | 4.03 | 14.12 | 2.17 | 0.08 | 2.17 | 0.31 | 2.02 | 0.39 | 1.16 | 0.16 | 1.01 | 0.16 | 15.82 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Eco Ridge – Ontario, Canada
Pele Mountain Resources Inc. (TSX.V:GEM, PK:PMNHF)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Indicated | 0.028% U3O8 | 14,312,000 | 0.16 | 23,472 |
| Inferred | 0.028% U3O8 | 33,121,000 | 0.13 | 43,720 |
| TOTALS | 47,433,000 | 0.14 | 67,191 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 92 | 65 |
| January 2012 | 143 | 101 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.03 | 0.07 | 0.01 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.14 wt% |
| In-situ REO:TREO (wt%) | 24.27 | 46.19 | 4.30 | 14.11 | 2.41 | 0.14 | 1.66 | 0.23 | 1.03 | 0.16 | 0.40 | 0.07 | 0.33 | 0.07 | 4.62 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Eldor – Quebec, Canada
Commerce Resources Corp. (TSX.V:CCE, OTCQX:CMRZF, F:D7H)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Inferred | 1.25 | 117,340,000 | 1.739 | 2,040,543 |
| TOTALS | 117,340,000 | 1.739 | 2,040,543 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 1,184 | 68 |
| January 2012 | 1,910 | 110 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.44 | 0.80 | 0.08 | 0.30 | 0.04 | 0.01 | 0.02 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 1.74 wt% |
| In-situ REO:TREO (wt%) | 25.01 | 45.77 | 4.77 | 17.14 | 2.19 | 0.52 | 1.27 | 0.12 | 0.58 | 0.06 | 0.17 | 0.00 | 0.12 | 0.00 | 2.30 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Foxtrot – Labrador, Canada
Search Minerals Inc. (TSX.V:SMY)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Indicated | 0.015% Dy2O3 | 3,410,000 | 1.07 | 36,487 |
| Inferred | 0.015% Dy2O3 | 5,850,000 | 0.96 | 56,160 |
| TOTALS | 9,260,000 | 1.00 | 92,647 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 747 | 75 |
| January 2012 | 1,253 | 125 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.18 | 0.38 | 0.04 | 0.16 | 0.03 | 0.00 | 0.02 | 0.00 | 0.02 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.13 | 1.00 wt% |
| In-situ REO:TREO (wt%) | 18.01 | 38.34 | 4.33 | 15.65 | 2.79 | 0.14 | 2.23 | 0.37 | 2.12 | 0.41 | 1.15 | 0.17 | 1.05 | 0.16 | 13.10 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Hastings – Western Australia, Australia
Hastings Rare Metals Limited (ASX:HAS)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Indicated | 0.15% Nb2O5 | 27,100,000 | 0.21 | 56,910 |
| Inferred | 0.15% Nb2O5 | 9,100,000 | 0.21 | 19,110 |
| TOTALS | 36,200,000 | 0.21 | 76,020 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 240 | 114 |
| January 2012 | 478 | 228 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.02 | 0.00 | 0.02 | 0.00 | 0.01 | 0.00 | 0.11 | 0.21 wt% |
| In-situ REO:TREO (wt%) | 1.62 | 6.04 | 0.90 | 3.47 | 2.19 | 0.14 | 3.57 | 1.14 | 8.85 | 2.05 | 8.23 | 1.05 | 6.61 | 0.86 | 53.28 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Hoidas Lake – Saskatchewan, Canada
Great Western Minerals Group Ltd. (TSX.V:GWG, OTCBB:GWMGF)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Measured | 1.5 | 963,808 | 2.57 | 24,751 |
| Indicated | 1.5 | 1,597,027 | 2.35 | 37,514 |
| Inferred | 1.5 | 286,596 | 2.14 | 6,130 |
| TOTALS | 2,847,431 | 2.40 | 68,395 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 1,666 | 69 |
| January 2012 | 2,724 | 113 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.49 | 1.12 | 0.14 | 0.49 | 0.07 | 0.01 | 0.03 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.03 | 2.40 wt% |
| In-situ REO:TREO (wt%) | 20.44 | 46.61 | 5.97 | 20.57 | 2.71 | 0.54 | 1.24 | 0.11 | 0.35 | 0.00 | 0.24 | 0.00 | 0.05 | 0.00 | 1.17 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Kangankunde – Balaka, Malawi
Lynas Corporation Ltd. (ASX:LYC, OTCQX:LYSDY)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Inferred | 3.0 | 2,530,000 | 4.24 | 107,272 |
| TOTALS | 2,530,000 | 4.24 | 107,272 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 2,456 | 58 |
| January 2012 | 3,520 | 83 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 1.26 | 2.11 | 0.20 | 0.59 | 0.04 | 0.01 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.24 wt% |
| In-situ REO:TREO (wt%) | 29.77 | 49.73 | 4.69 | 14.02 | 1.05 | 0.19 | 0.36 | 0.07 | 0.08 | 0.01 | 0.02 | 0.00 | 0.01 | 0.00 | 0.00 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Kipawa – Quebec, Canada
Matamec Explorations Inc. (TSX.V:MAT, OTCQX:MHREF)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Indicated | 0.3 | 12,472,000 | 0.51 | 63,857 |
| Inferred | 0.3 | 3,842,000 | 0.46 | 17,788 |
| TOTALS | 16,314,000 | 0.50 | 81,645 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 437 | 87 |
| January 2012 | 795 | 159 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.07 | 0.15 | 0.02 | 0.07 | 0.01 | 0.00 | 0.01 | 0.00 | 0.02 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.11 | 0.50 wt% |
| In-situ REO:TREO (wt%) | 14.51 | 29.57 | 3.55 | 13.36 | 2.95 | 0.39 | 2.95 | 0.58 | 3.55 | 0.79 | 2.50 | 0.39 | 2.35 | 0.37 | 22.18 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Kutessay II – Chui, Kyrgyzstan
Stans Energy Corp. (TSX.V:HRE, OTCQX:HREEF)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Measured | 0.1 | 13,548,000 | 0.270 | 36,580 |
| Indicated | 0.1 | 2,717,000 | 0.238 | 6,466 |
| Inferred | 0.1 | 1,746,000 | 0.204 | 3,562 |
| TOTALS | 18,011,000 | 0.26 | 46,608 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 283 | 109 |
| January 2012 | 550 | 213 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.04 | 0.05 | 0.01 | 0.02 | 0.01 | 0.00 | 0.01 | 0.00 | 0.02 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.07 | 0.26 wt% |
| In-situ REO:TREO (wt%) | 16.82 | 20.00 | 3.84 | 8.31 | 4.17 | 0.23 | 3.65 | 1.58 | 6.24 | 0.58 | 3.30 | 0.25 | 3.34 | 0.51 | 27.17 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Kvanefjeld – Kujalleq, Greenland
Greenland Minerals and Energy Ltd. (ASX:GGG, PK:GDLNF)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Indicated | 0.015 UO | 437,000,000 | 1.09 | 4,763,300 |
| Inferred | 0.015 UO | 182,000,000 | 0.98 | 1,783,600 |
| TOTALS | 619,000,000 | 1.06 | 6,546,900 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 678 | 64 |
| January 2012 | 1,042 | 98 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): 2016
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.29 | 0.44 | 0.04 | 0.14 | 0.02 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.08 | 1.06 wt% |
| In-situ REO:TREO (wt%) | 27.5 | 42.0 | 4.2 | 12.9 | 1.6 | 0.1 | 1.1 | 0.2 | 1.1 | 0.2 | 0.6 | 0.1 | 0.5 | 0.2 | 7.7 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
La Paz – Arizona, USA
Australian American Mining Corporation Ltd. (ASX:AIW)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Indicated | 0.03 | 16,200,000 | 0.04 | 7,128 |
| Inferred | 0.03 | 112,000,000 | 0.04 | 49,280 |
| TOTALS | 128,200,000 | 0.04 | 56,408 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 37 | 84 |
| January 2012 | 66 | 151 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.01 | 0.02 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.04 wt% |
| In-situ REO:TREO (wt%) | 17.20 | 38.32 | 4.38 | 16.44 | 3.12 | 0.78 | 2.72 | 0.40 | 2.08 | 0.41 | 1.13 | 0.15 | 0.88 | 0.12 | 11.88 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Montviel (Core Zone) – Quebec, Canada
Geomega Resources Inc. (TSX.V:GMA)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Indicated | 1.0 | 183,900,000 | 1.45 | 2,672,067 |
| Inferred | 1.0 | 66,700,000 | 1.46 | 973,820 |
| TOTALS | 250,600,000 | 1.45 | 3,645,887 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 900 | 62 |
| January 2012 | 1,362 | 94 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.37 | 0.72 | 0.08 | 0.24 | 0.02 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 1.45 wt% |
| In-situ REO:TREO (wt%) | 25.57 | 49.20 | 5.18 | 16.63 | 1.71 | 0.33 | 0.57 | 0.05 | 0.16 | 0.02 | 0.04 | 0.01 | 0.02 | 0.00 | 0.51 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Mount Weld Central Lanthanide Deposit – Western Australia, Australia
Lynas Corporation Ltd. (ASX:LYC, OTCQX:LYSDY)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Measured | 2.5 | 6,873,000 | 12.2 | 838,506 |
| Indicated | 2.5 | 6,983,000 | 8.1 | 565,623 |
| Inferred | 2.5 | 1,093,000 | 4.6 | 50,278 |
| TOTALS | 14,949,000 | 9.7 | 1,454,407 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 6,479 | 67 |
| January 2012 | 10,349 | 106 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): 2012
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 2.32 | 4.63 | 0.50 | 1.76 | 0.24 | 0.05 | 0.11 | 0.01 | 0.02 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.07 | 9.7 wt% |
| In-situ REO:TREO (wt%) | 23.88 | 47.54 | 5.16 | 18.13 | 2.44 | 0.53 | 1.09 | 0.09 | 0.25 | 0.03 | 0.06 | 0.01 | 0.03 | 0.00 | 0.76 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Mount Weld Duncan Deposit – Western Australia, Australia
Lynas Corporation Ltd. (ASX:LYC, OTCQX:LYSDY)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Measured | 2.5 | 4,499,000 | 5.1 | 229,449 |
| Indicated | 2.5 | 3,925,000 | 4.7 | 184,475 |
| Inferred | 2.5 | 569,000 | 3.7 | 21,053 |
| TOTALS | 8,993,000 | 4.8 | 434,977 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 3,774 | 78 |
| January 2012 | 6,564 | 136 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 1.20 | 1.90 | 0.23 | 0.87 | 0.14 | 0.04 | 0.10 | 0.01 | 0.06 | 0.01 | 0.02 | 0.00 | 0.01 | 0.00 | 0.25 | 4.8 wt% |
| In-situ REO:TREO (wt%) | 24.86 | 39.37 | 4.75 | 17.89 | 2.83 | 0.77 | 1.99 | 0.26 | 1.27 | 0.19 | 0.41 | 0.04 | 0.18 | 0.02 | 5.17 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Mountain Pass – California, USA
Molycorp Inc. (NYSE:MCP)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Measured | 3.0-5.0 | 602,000 | 8.21 | 49,424 |
| Indicated | 3.0-5.0 | 21,475,000 | 6.63 | 1,423,793 |
| Inferred | 3.0-5.0 | 9,475,000 | 6.32 | 598,820 |
| TOTALS | 31,552,000 | 6.57 | 2,072,037 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 3,618 | 55 |
| January 2012 | 4,968 | 76 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): 2012
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 2.18 | 3.22 | 0.28 | 0.79 | 0.05 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 6.57 wt% |
| In-situ REO:TREO (wt%) | 33.20 | 49.10 | 4.30 | 12.00 | 0.80 | 0.10 | 0.20 | 0.06 | 0.05 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.10 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Nechalacho – Northwest Territories, Canada
Avalon Rare Metals Inc. (TSX:AVL, AMEX:AVL)

| MR type | COG ($/t(MR)) | MR (t) | TREO (wt%) | TREO (t) |
| Indicated | 260 | 88,128,126 | 1.53 | 1,348,360 |
| Inferred | 260 | 226,880,544 | 1.30 | 2,949,447 |
| TOTALS | 315,008,670 | 1.36 | 4,297,807 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 1,085 | 80 |
| January 2012 | 1,892 | 139 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): 2016
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.23 | 0.54 | 0.07 | 0.26 | 0.05 | 0.01 | 0.04 | 0.01 | 0.02 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.11 | 1.36 wt% |
| In-situ REO:TREO (wt%) | 17.15 | 39.53 | 4.91 | 19.20 | 3.78 | 0.45 | 3.12 | 0.40 | 1.83 | 0.30 | 0.74 | 0.10 | 0.60 | 0.08 | 7.82 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Niobec – Quebec, Canada
IAMGOLD Corporation (TSX.IMG, NYSE:IAG)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Inferred | 0.5 | 466,800,000 | 1.65 | 7,702,200 |
| TOTALS | 466,800,000 | 1.65 | 7,702,200 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 1,078 | 65 |
| January 2012 | 1,693 | 103 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.40 | 0.79 | 0.09 | 0.30 | 0.03 | 0.01 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.65 wt% |
| In-situ REO:TREO (wt%) | 24.54 | 47.96 | 5.26 | 18.42 | 2.06 | 0.42 | 0.98 | 0.08 | 0.28 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Nolans Bore – Northern Territory, Australia
Arafura Resources Ltd. (ASX:ARU, PK:ARAFF)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Measured | 1.0 | 5,100,000 | 3.24 | 165,240 |
| Indicated | 1.0 | 12,300,000 | 2.83 | 348,680 |
| Inferred | 1.0 | 12,800,000 | 2.61 | 334,080 |
| TOTALS | 30,200,000 | 2.83 | 848,000 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 1,891 | 67 |
| January 2012 | 3,022 | 108 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): 2014
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.55 | 1.33 | 0.16 | 0.60 | 0.07 | 0.01 | 0.03 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 2.81 wt% |
| In-situ REO:TREO (wt%) | 19.74 | 47.53 | 5.82 | 21.20 | 2.37 | 0.40 | 1.00 | 0.08 | 0.33 | 0.05 | 0.08 | 0.01 | 0.06 | 0.01 | 1.32 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Norra Kärr – Småland, Sweden
Tasman Metals Ltd. (TSX.V:TSM, AMEX:TAS, F:T61)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Inferred | 0.4 | 60,500,000 | 0.54 | 326,700 |
| TOTALS | 60,500,000 | 0.54 | 326,700 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 516 | 96 |
| January 2012 | 968 | 179 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.05 | 0.12 | 0.02 | 0.06 | 0.01 | 0.00 | 0.02 | 0.00 | 0.03 | 0.01 | 0.02 | 0.00 | 0.02 | 0.00 | 0.19 | 0.54 wt% |
| In-situ REO:TREO (wt%) | 9.94 | 21.55 | 2.76 | 10.87 | 2.21 | 0.37 | 3.31 | 0.74 | 4.79 | 1.10 | 3.31 | 0.55 | 3.13 | 0.37 | 34.99 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Sarfartoq (ST1 Zone) – Qaasuitsup, Greenland
Hudson Resources Inc. (TSX.V:HUD, OTCQX:HUDRF)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Inferred | 0.8 | 14,058,000 | 1.51 | 212,698 |
| TOTALS | 14,058,000 | 1.51 | 212,698 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 968 | 64 |
| January 2012 | 1,500 | 99 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.32 | 0.76 | 0.09 | 0.29 | 0.03 | 0.01 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 1.51 wt% |
| In-situ REO:TREO (wt%) | 20.95 | 50.03 | 5.82 | 19.10 | 1.85 | 0.40 | 1.39 | 0.00 | 0.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.33 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Steenkampskraal – Western Cape, South Africa
Great Western Minerals Group Ltd. (TSX.V:GWG, OTCBB:GWMGF)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Hist. ore | N/A | 117,500 | 16.74 | 19,670 |
| Hist. surface | N/A | 85,000 | 8.28 | 7,037 |
| Hist. other | N/A | 47,000 | 5.00 | 2,350 |
| TOTALS | 249,500 | 11.65 | 29,057 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 7,302 | 63 |
| January 2012 | 11,021 | 95 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): 2013
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 2.52 | 5.42 | 0.58 | 1.94 | 0.29 | 0.01 | 0.18 | 0.01 | 0.08 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.58 | 11.65 wt% |
| In-situ REO:TREO (wt%) | 21.63 | 46.55 | 5.00 | 16.66 | 2.50 | 0.08 | 1.55 | 0.08 | 0.67 | 0.05 | 0.08 | 0.07 | 0.07 | 0.01 | 5.00 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Strange Lake (B-Zone) – Quebec, Canada
Quest Rare Minerals Ltd. (TSX.V:QRM, AMEX:QRM)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Indicated | 0.58 | 140,259,000 | 0.93 | 1,308,616 |
| Inferred | 0.58 | 89,629,000 | 0.88 | 789,631 |
| TOTALS | 229,888,000 | 0.91 | 2,098,248 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 756 | 83 |
| January 2012 | 1,340 | 147 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): 2016
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.13 | 0.27 | 0.03 | 0.11 | 0.02 | 0.00 | 0.02 | 0.01 | 0.03 | 0.01 | 0.02 | 0.00 | 0.02 | 0.00 | 0.23 | 0.91 wt% |
| In-situ REO:TREO (wt%) | 13.76 | 29.13 | 3.24 | 12.14 | 2.70 | 0.11 | 2.65 | 0.55 | 3.60 | 0.83 | 2.54 | 0.40 | 2.61 | 0.40 | 25.34 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Tantalus – Diana, Madagascar
Tantalus Rare Earths AG (F:TAE:GR)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Inferred | 0 | 130,000,000 | 0.08 | 104,000 |
| TOTALS | 130,000,000 | 0.08 | 104,000 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 61 | 76 |
| January 2012 | 104 | 130 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.02 | 0.03 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.08 wt% |
| In-situ REO:TREO (wt%) | 21.22 | 38.08 | 4.37 | 14.36 | 2.50 | 0.37 | 2.00 | 0.37 | 2.00 | 0.37 | 1.25 | 0.12 | 1.00 | 0.12 | 11.86 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Two Tom – Labrador, Canada
Rare Earth Metals Inc. (TSX.V:RA, OTCQX:RAREF)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Inferred | 0.6 | 40,635,000 | 1.18 | 480,306 |
| TOTALS | 40,635,000 | 1.18 | 480,306 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 770 | 65 |
| January 2012 | 1,202 | 102 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.29 | 0.54 | 0.06 | 0.19 | 0.03 | 0.00 | 0.02 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 1.18 wt% |
| In-situ REO:TREO (wt%) | 24.37 | 46.02 | 4.74 | 15.91 | 2.71 | 0.25 | 1.61 | 0.17 | 0.68 | 0.08 | 0.17 | 0.00 | 0.08 | 0.00 | 3.21 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Wigu Hill – Morogoro, Tanzania
Montero Mining and Exploration Ltd. (TSX.V:MON).

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Inferred | 1 | 3,300,000 | 2.59 | 85,470 |
| TOTALS | 3,300,000 | 2.59 | 85,470 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 1,321 | 51 |
| January 2012 | 1,685 | 65 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): 2014
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.96 | 1.27 | 0.10 | 0.24 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.59 wt% |
| In-situ REO:TREO (wt%) | 37.07 | 49.03 | 3.86 | 9.27 | 0.77 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Xiluvo – Sofala, Mozambique
Southern Crown Resources Ltd. (ASX:SWR)

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Indicated | 1.0 | 1,111,099 | 2.03 | 22,555 |
| TOTALS | 1,111,099 | 2.03 | 22,555 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 1,405 | 69 |
| January 2012 | 3,112 | 153 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): N/A
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.44 | 0.94 | 0.10 | 0.35 | 0.05 | 0.01 | 0.03 | 0.00 | 0.02 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.08 | 2.03 wt% |
| In-situ REO:TREO (wt%) | 21.67 | 46.31 | 4.93 | 17.24 | 2.46 | 0.49 | 1.48 | 0.00 | 0.99 | 0.00 | 0.49 | 0.00 | 0.00 | 0.00 | 3.94 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.
Zandkopsdrift – Northern Cape, South Africa
Frontier Rare Earths Ltd. (TSX:FRO, PK:FREFF) & Korea Resources Corp.

| MR type | COG (wt%) | MR (t) | TREO (wt%) | TREO (t) |
| Indicated | 1.0 | 22,920,000 | 2.32 | 531,744 |
| Inferred | 1.0 | 20,810,000 | 1.99 | 414,119 |
| TOTALS | 43,730,000 | 2.16 | 945,863 |
| Price Model | In-situ TREO ($/t(MR)) | Basket price ($/kg) |
| Trailing 36 Months | 1,518 | 70 |
| January 2012 | 2,500 | 116 |
Note: Ho-Er-Tm-Yb-Lu oxides excluded from pricing models.
First production (published company estimate): 2014
| La2O3 | CeO2 | Pr6O11 | Nd2O3 | Sm2O3 | Eu2O3 | Gd2O3 | Tb4O7 | Dy2O3 | Ho2O3 | Er2O3 | Tm2O3 | Yb2O3 | Lu2O3 | Y2O3 | TREO | |
| Material Grade (wt%) | 0.55 | 0.96 | 0.10 | 0.34 | 0.05 | 0.01 | 0.03 | 0.00 | 0.02 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.09 | 2.16 wt% |
| In-situ REO:TREO (wt%) | 25.39 | 44.23 | 4.57 | 15.76 | 2.32 | 0.60 | 1.44 | 0.16 | 0.77 | 0.14 | 0.17 | 0.05 | 0.23 | 0.05 | 4.13 | 100 wt% |
Mineral resource & REO data derived from company reports; prices derived from metal-pages.com.
Copyright © 2010-2012 Technology Metals Research, LLC. All Rights Reserved. Last Updated: February 15, 2012.

Other Notes:
- Over time, the Index will expand as mineral-resource estimates for additional projects are defined.
- The Index includes advanced rare-earth projects known to Technology Metals Research, LLC (TMR), based on public-domain information only. Therefore, it is possible that there are other advanced rare-earth projects currently in development or operation, which are not included in the Index, and / or at the time of the last update, were not known to TMR.
- Only advanced rare-earth projects that are fully or partially owned or operated by corporations, or other non-state-run entities, are included in the Index.
- At present, the Index deliberately excludes any advanced rare-earth projects (as defined above) located in either China or India.
- All value estimates (for in-situ REOs within each resource, or the unit basket prices for finished products) exclude Ho-Er-Tm-Yb-Lu oxides from the pricing models.
Disclosures concerning the above companies: Gareth Hatch is neither a shareholder of, director of nor a consultant to any of the companies listed in the TMR Advanced Rare-Earth Projects Index. Jack Lifton is long on Great Western Minerals Group Ltd. He is a consultant to Rare Earth Metals Inc., Rare Element Resources Ltd., Ucore Rare Metals Inc. and to Tasman Metals Ltd. He is a director of AMR Mineral Metal Inc. and a member of the supervisory board of Tantalus Rare Earths AG (statement last updated February 15, 2012).
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