November 2012 Updates To The TMR Advanced Rare-Earth Projects Index

by Gareth Hatch on December 9, 2012 · 6 comments

in Rare Earths, Tools & Metrics

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I recently updated the list of projects on the TMR Advanced Rare-Earth Projects Index, to reflect a recently announced update to a rare-earth mineral-resource estimate. I also made some other updates. The effective date of the updates is December 7, 2012. The specifics:

  • On November 26, 2012, Avalon Rare Metals Inc. (TSX:AVL, MKT:AVL) announced an updated NI 43-101-compliant mineral-resource estimate for the Basal Zone of the Nechalacho project in Canada. According to the associated press release, 10.9 Mt of the resource is at the Measured level @ 1.67% TREO, 55.0 MT is at the Indicated level @ 1.54% TREO and 59.9 Mt is at the Inferred level @ 1.28% TREO (each at a cut-off grade of $USD320 / tonne net metal return).

After considering the differentiation that certain companies are making between zones of their projects, for pre-feasibility and feasibility study purposes, I have now separated out the details of specific zones present at three rare-earth projects, to go along with the existing differentiation between the Central Lanthanide and Duncan Deposits at Mount Weld, owned by Lynas Corporation Ltd. (ASX:LYC, OTCQX:LYSDY).

They are:

  • The Main and MHREO Zones of the Ashram project in Canada (formerly referred to on the Index as the Ashram zone of the Eldor project), owned by Commerce Resources Corp. (TSX.V:CCE, OTCQX:CMRZF, F:D7H);
  • The Basal and Upper Zones of the aforementioned Nechalacho project in Canada; and
  • The Enriched and Granite Zones of the Strange Lake B-Zone project in Canada, owned by Quest Rare Minerals Ltd. (TSX:QRM, MKT:QRM).

With this update, The Index currently consists of 48 rare-earth mineral resources, associated with 44 advanced rare-earth projects, 42 different companies and located in 31 different regions within 14 different countries.

I have also updated the pricing used in the Index data, to reflect the average monthly prices for November 2012 and the moving three-year average price for separated rare-earth oxides.

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.

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1 Edmund Brooke December 10, 2012 at 1:03 pm

Gareth,
These people may be worth having a look at, they sell investment in ‘baskets’ of mixed rare earths.

http://www.west-pier.co.uk

Contact: Harold Matthews
hmatthews@west-pier.co.uk

The asset provider of whom we work on behalf of, for this particular Investment, are called Denver-Trading http://www.denver-trading.com . The asset provider uses a HMRC and FSA regulated Escrow (Imperial Escrow FSA number 530039) to handle all client funds. They also use Nordex Financial to monitor and audit the Investment whilst it is stored in the Bonded Warehouse in London, where you can go and visit your Investment if you do so wish. Nordex Financial is an Appointed Representative of Sapia Partners LLP, an entity authorised and regulated by the Financial Services Authority (FSA number 550103).

2 Gareth Hatch December 10, 2012 at 1:11 pm

@Edmund Brooke: would that be the same Denver Trading mentioned in this article?

http://blogs.mirror.co.uk/investigations/2012/12/meet-the-new-investment-scam-o.html

3 John Hyde December 10, 2012 at 5:26 pm

I think we just saw that scam! Wow.

4 Edmund Brooke December 11, 2012 at 1:37 pm

Gareth,

I do believe so.

Can I also refer you to IKN subscription blog –

http://incakolanews.blogspot.co.uk/2012/11/more-on-why-you-should-never-invest-in.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed:+IncaKolaNews+(inca+kola+news)&utm_content=Yahoo!+Mail

Sum’at to do with Stan Bharti / Dacha Strategic Metal inc / Forbes & Manhattan etc.
Best wishes
Edmund

5 Maria Ljunggren Söderman December 17, 2012 at 8:33 am

I’ve been trying to find estimates of current REE reserves on an elemental basis. So far, I’ve only found REE aggregates, e.g. USGS. It shouldn’t be that complicated to go from minerals in reserves to individual elements in reserves, should it? Or am I overlooking some difficulties? I am not looking for very precise information, just a rough global estimate of the individual REE reserves.
Any suggestions would be appreciated. Thanks in advance!

Kind regards
Maria Ljunggren Söderman

6 Gareth Hatch December 17, 2012 at 9:44 am

@Maria Ljunggren Söderman: that would be difficult because until you test each specific mineral deposit, you don’t know what concentration and distribution of individual rare-earth elements are present. The USGS and other estimates are imprecise, educated guesses at best.

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