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ISR Capital Ltd.
Summary
| Project: | Tantalus Rare Earth Project | |
|---|---|---|
| Deposit: | Tantalus Rare Earth Project | |
| Location: | Madagascar | |
| Commodities: | Rare Earth | |
| Date: | 7/22/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-7-2016: ISR Capital Ltd. announces a Supporting Acquisition report for its Tantalus Rare Earth Project deposit at the Tantalus Rare Earth Project project. Summary of geology, exploration and resource estimate of property in support of acquisition. Tant | |
| Resources: | (Resource, M+I): 197.69Mt @ 897ppm TREO for 177383t TREO contained | |
| CP/QP: | [Resources]: Yann Camus (SGS Canada Inc.) | |
| ABSTRACT: | Tantalus Rare Earths Malagasy SARL (‘TREM’) holds the exploration licences grant PR 6698 in the province of Antsiranana, Madagascar. Tantalus Rare Earths AG (TRE AG) has previously mandated SGS Canada Inc. – Geostat Office (hereafter “SGS Geostat”) to complete a resource estimate technical report for the PR 6698 licenses (“The Project”). 100% of the Tantalus Rare Earth Project is held through Tantalum Rare Earth Malagasy SARL (TREM), which is a 100% owned subsidiary of Tantalum Holding (Mauritius) Ltd, which in turn is 40% owned by Tantalus Rare Earths AG (TRE AG) and 60% owned by REO Magnetic Pte Ltd, a Singapore incorporated company. ISR Capital Limited, a Singapore incorporated company, is presently in discussions with REO Magnetic Pte Ltd for the acquisition of a portion of the TRE project. ISR Capital Limited requested this updated technical report in relation to the contemplated transaction with REO Magnetic Pte Ltd. No new resource estimation was done for this updated report; the effective date of October 20th, 2014 remains. This report presents a technical review of the geology and the mineralization on the property. It includes a summary of previous work, a detailed description of the new geological work carried out by Tantalus, updated resource estimation, and a series of recommendations to advance this project. | |
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