Rare Element Resources
Bear Lodge Project
Canadian NI 43-101 Technical Report
October 9
th
, 2014
10135-200-46 - Rev. 0
xi
List of Tables
Table 1.1 - Bear Lodge Financial Summary and Operating Metrics (US$ Million).................. 1-2
Table 1.2 - Bear Lodge Project – Measured and Indicated Resource .................................... 1-5
Table 1.3 – High-Grade Material in Measured and Indicated Resource ................................. 1-6
Table 1.4 - Bear Lodge Project Mineral Reserve Estimate ..................................................... 1-7
Table 1.5 - Inferred Mineral Resource within the Bear Lodge Project .................................... 1-8
Table 1.6 - REO Distribution in the Bear Lodge Proven and Probable Reserve..................... 1-9
Table 1.7- Capital Expenditures ............................................................................................ 1-12
Table 1.8 - Operating Costs .................................................................................................. 1-14
Table 1.9 - TREO Product Pricing Used in PFS.................................................................... 1-18
Table 1.10 – NPV Sensitivity Analysis (Based on pre-tax NPV) ........................................... 1-18
Table 2.1 - Qualified Persons for the Bear Lodge Project NI 43-101 Technical Report ......... 2-5
Table 7.1 - Summary of Bear Lodge Project Formations and Lithologies............................... 7-4
Table 7.2 - Zonal REE Mineralogy in the Bull Hill and Whitetail Carbonatite........................ 7-13
Table 7.3 - Oxide Zone REE Mineralogy Distribution............................................................ 7-17
Table 8.1 - Thorium and Uranium Abundance ........................................................................ 8-6
Table 8.2 - Thorium & Uranium-Bearing Mineral Phases Associated ..................................... 8-7
Table 8.3 - Average Thorium and Uranium Abundances of the Bastnasite Group
Minerals & Ancylite ................................................................................................ 8-8
Table 9.1 - Bear Lodge Project Exploration Target Areas, 2004 through 2012 ...................... 9-6
Table 9.2 - Rare Element’s Bear Lodge Project Exploration, 2004 through 2012 .................. 9-9
Table 10.1 - Historical Core Drilling for base Metals and REE.............................................. 10-1
Table 10.2 - Rare Element REE Drilling ................................................................................ 10-3
Table 11.1 - Standard Statistics Generated from 2009-2013 Drill Standard Analyses ....... 11-10
Table 11.2 - Standard RSD’s Generated from 2009-2013 Drill Standard Analyses ........... 11-12
Table 11.3 - 2009-2013 Drill Standard Analyses Results.................................................... 11-13
Table 11.4 - 2009-2013 Drill Duplicates Results ................................................................. 11-18
Table 11.5 - 2010-2013 Check Analysis Results ................................................................ 11-20
