Bear Lodge Critical Rare Earth Project
description
Transcript of Bear Lodge Critical Rare Earth Project
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NYSE MKT: REE & TSX: RES
Bear Lodge Critical Rare Earth
Project
Technology Metals Summit – March 2013
A Year of Dramatic Change
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Disclaimer
The information contained herein, while obtained from sources which we believe are reliable, is not guaranteed as to its accuracy or completeness. The
company is an exploration company and its mineral project has yet to be proven to be economic. Some references to geologic and technical information
contained herein are historical or have been generated by external consultants who may or may not be QPs under NI 43-101 and are therefore not in
accordance with the requirements under NI 43-101 or have to be prepared in accordance with a preliminary or final feasibility study. The content of this
presentation is for information purposes only and does not constitute an offer to sell or a solicitation to purchase any securities referred to herein.
Forward-looking statements: This presentation includes certain forward-looking statements about future events and/or financial results which are
forward-looking in nature and subject to risks and uncertainties. Forward-looking statements include without limitation, statements regarding the
company’s plan, goals or objectives and future mineral projects, potential mineralization, resources and reserves, exploration results and future plans
and objectives of Rare Element Resources. Forward-looking statements can generally be identified by the use of forward-looking terminology such as
“may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, or “continue” or the negative thereof or variations thereon or similar terminology.
There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause actual results to differ materially from expectations include risks associated with
permitting, mining generally, and pre-development stage projects in particular. Potential investors should conduct their own investigations as to the
suitability of investing in securities of Rare Element Resources.
Cautionary Note to U.S. Investors Concerning Estimates of Measured, Indicated and Inferred Resources This presentation uses the term “Inferred”
Mineral Resources. U.S. investors are advised that while such terms are recognized and required by Canadian regulations, the Securities and Exchange
Commission does not recognize them. “Inferred Resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their
economic and legal feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a higher category. Under
Canadian rules, estimates of Inferred Resources may not form the basis of feasibility or other economic studies. U.S. investors are also cautioned not to
assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.
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CREO Comparative Value
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Rare Element Resources Bull Hill & Whitetail, 3.0% cut-offRare Element Resources Whitetail Deposit
6Rare Element Resources Bull Hill & Whitetail, 1.5% cut-off
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101112131415161718192021222324
$- $500 $1,000 $1,500 $2,000 $2,500
Critical Elements- Nd,Pr,Eu,Tb,Dy & Y
Project Number
Project Number
1) Rare Element Resources internal studies2) January 2013 prices
US$ per Metric Tonne
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CREO Comparative Value
123
Rare Element Resources Bull Hill & Whitetail, 3.0% cut-off56
Rare Element Resources Whitetail Deposit89
Rare Element Resources Bull Hill & Whitetail, 1.5% cut-off1112131415161718192021222324
$- $500 $1,000 $1,500 $2,000 $2,500 $3,000
Critical REO + By-products
Critical Elements- Nd,Pr,Eu,Tb,Dy & Y By-products
Project Number
1) Rare Element Resources internal studies2) January 2013 prices
US$ per MetricTonne
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Distribution of Bull Hill + WhitetailOxide Zone REEs
(1) Based on M&I Resources from News Release dated March 18, 2013(2) Based on January 1, 2013 prices of REEs
Rare-Earth Element
Wt-% Oxide Distribution(1) % Relative Value(2)
Lanthanum 27.3% 6.4%Cerium 43.4% 11.3%
Neodymium 17.9% 35.1%Praseodymium 5.0% 10.3%
Samarium 2.9% 1.5%Europium 0.6% 24.2%Gadolinium 1.4% 1.6%
Terbium 0.1% 3.5%Dysprosium 0.3% 5.2%
Yttrium 1.0% 0.8%Total 99.9% 99.9%
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M&I Resources
2012 2013 -
50
100
150
200
250
300
350
400
450
Estimated REO Resources(in millions of kilograms)
Mill
ion
kgs
65% Increase
259
428
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M&I Resources Estimate(Near surface oxide zone)
Deposit Cutoff(%TREO)
Tonnes(106)
Grade (%TREO)
Grade(%CREO)
%HREO
Bull Hill+ Whitetail
1.5 13.3 3.22 0.80 3.6
Whitetail 1.5 2.0 2.61 0.74 7.6
CREO defined as Nd, Pr, Eu, Dy, Tb, YBased on M&I Resources from News Release dated March 18, 2013
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Distribution of Whitetail RidgeOxide Zone REEs
Rare-Earth Element
Wt-% Oxide Distribution(1) % Relative Value(2)
Lanthanum 25.3% 4.5%Cerium 39.8% 7.9%
Neodymium 18.8% 27.9%Praseodymium 4.8% 7.6%
Samarium 3.7% 1.4%Europium 0.8% 29.6%Gadolinium 2.6% 2.3%
Terbium 0.3% 6.4%Dysprosium 0.9% 10.8%
Yttrium 2.5% 1.7%Total 99.5% 100.1%
(1) Based on Inferred Resource from News Release dated 7 May 2012(2) Based on January 1, 2013 prices of REEs
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Inferred Resource Estimate(Near surface oxide zone)
Deposit Cutoff(%TREO)
Tonnes (106)
Grade (%TREO)
Grade(%CREO)
%HREO
Bull Hill+ Whitetail
1.5 28.5 2.68 0.66 4.9
Whitetail 1.5 7.3 2.82 0.75 7.2CREO defined as Nd, Pr, Eu, Dy, Tb, YBased on M&I Resources from News Release dated March 18, 2013
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Growing Bear Lodge District
LeapFrog image showing the distribution of the +2% and +3% TREO grade shells in the greater Bull Hill area.
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Soil and Rock Chip Geochemistry
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Cutoff Grade ComparisonM&I Near Surface Oxide Zone
Cutoff Grade%TREO
Resource Grade% TREO
TonnesMillions
1.0 2.6 19.3
1.5 3.2 13.3
3.0 4.7 5.4
4.5 6.5 2.1
Based on M&I Resources from News Release dated March 18, 2013
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Hydrometallurgical Flowsheet
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Location and Infrastructure
• Good road system surrounding project
• Low-cost, reliable power available
• 64 km to nearest railhead; chemicals available
• Skilled labor and water available
• Favorable community acceptance; major coal mining center 97 km W
• Top ranked mining jurisdiction(1)
(1) Wyoming ranked as one of the top worldwide locations favorable for mining by the Fraser Institute and Behre Dolbear
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NYSE MKT: REE & TSX: RES