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Rare Element Resources Ltd.
Summary
| Project: | Bear Lodge | |
|---|---|---|
| Deposit: | Bull Hill Mine | |
| Location: | United States | |
| Commodities: | Rare Earth | |
| Date: | 10/10/2014 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 10-10-2014: Rare Element Resources Ltd. announces a Pre-Feasibility Study report for its Bull Hill Mine deposit at the Bear Lodge project. PFS results incl. pre-tax NPV (10%) of $426M, IRR of 32.7%. Rare Element Resources, Inc. (“Rare Element” or the “Com | |
| Resources: | (Reserve, P+P): 15.6Mt @ 2.78% TREO at Bear Lodge project | |
| CP/QP: | [Resources]: Alan C. Noble (Ore Reserves Engineering) | |
| ABSTRACT: | Rare Element Resources, Inc. (“Rare Element” or the “Company”), a wholly-owned subsidiary of Rare Element Resources Ltd., is progressing with technical work at its Bear Lodge rare earths property in Crook County, Wyoming. The purpose of this Preliminary Feasibility Study (PFS) is to provide the Company a preliminary plan for the development of a rare earth element (REE) mining operation at the Bull Hill Mine of the Bear Lodge Project, located in the Bear Lodge Mountains, Crook County, Wyoming, and the processing facility located near Upton, Weston County, Wyoming. This Preliminary Feasibility Study (PFS) was commissioned to provide a technical report that contains: 1) the mineral reserve and resource model; 2) the technical activities of the rare earth exploration program; 3) establishment of a mineable reserve and an open pit mine plan; 4) a detailed description of mineral concentration and hydrometallurgical processing; and 5) an economic analysis of the rare earth project. These data are presented in this National Instrument 43-101 compliant report titled: “Technical Report on the Mineral Reserves & Development of the Bull Hill Mine”. The results of the PFS show that the Bear Lodge Project is technologically feasible with favorable returns on invested capital. Key metrics of the updated PFS are summarized in Table 1.1. | |
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