September 2011 Updates To The TMR Advanced Rare-Earth Projects Index

by Gareth Hatch on September 26, 2011 · 5 comments

in Rare Earths, Tools & Metrics

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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, 2011. According to the 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, 2011. 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 release, constitute over 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, which is 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 and I are hosting the TMR Rare Earths Boot Camp in Toronto during October 31 – November 1, 2011. This will be an intensive, two-day educational program for technical, financial, investment and policy-making professionals, 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, click on the link on the upper right-hand side of this page, or visit http://www.rareearthsbootcamp.com to get more details and to register.

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1 Chandra Durve September 26, 2011 at 4:26 pm

Hi Gareth,

where can I find the technology for mineral processing rare earths?

2 Gareth Hatch September 26, 2011 at 6:29 pm

@Chandra Durve: are you looking for information, or actual equipment?

3 nicolas pietrangelo September 26, 2011 at 8:05 pm

The future/diesel hybrids with NIMH batteries and synthetic fuels from coal and Natural Gas(cobalt-iron-nickle etc cataltysts) along with thermoelectrics using Tellurium-bismuth capturing waste heat. All this GARBAGE about lithium powered electrics is just that GARBAGE. Those are the metals I would watch along with the lanthanum and other rare earths as you all have pointed out with the magnets etc.

4 Jon Pesek September 28, 2011 at 3:22 pm

Gareth,

Two questions. First, thank you for providing details on 22 projects under development, but is there any information on the other 367 projects you mention? Second, do you know where I can find information on the project in Vietnam (Mau Xe North & South, I think)? My understanding is that it is supposed to come online in 2012/13, but little has been publicized about it.

Thanks

5 Roland Seereiner October 21, 2011 at 3:33 am

Hi Garteth,
could you tell me where i can find some relevant information about the present producing rare eath mines?
Thank you

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