Rare Element Resources
Bear Lodge Project
Canadian NI 43-101 Technical Report
October 9
th
, 2014
10135-200-46 - Rev. 0
14-50
Table 14.29 - Summary of Measured and Indicated Resource by Deposit
Resource
Class
Cutoff = 1.5% TREO
Zone
Oxide
Oxide+Carbonate
Total
Short Tons
(million)
Metric Tons
(million)
Grade
(%TREO)
Short Tons
(million)
Metric Tons
(million)
Grade
(%TREO)
Short Tons
(million)
Metric Tons
(million)
Grade
(%TREO)
Measured
Main
1.5
1.4
3.89
1.5
1.4
3.73
3.0
2.7
3.81
Main - Center Fork
-
-
-
-
-
-
-
-
-
Main NS Trending
-
-
-
-
-
-
-
-
-
Total Main
1.5
1.4
3.89
1.5
1.4
3.73
3.0
2.7
3.81
East
-
-
-
-
-
-
-
-
-
Northwest Bull
-
-
-
-
-
-
-
-
-
Southeast
-
-
-
-
-
-
-
-
-
West 1
-
-
-
-
-
-
-
-
-
West 2
-
-
-
-
-
-
-
-
-
Whitetail SW
-
-
-
-
-
-
-
-
-
Whitetail NE
-
-
-
-
-
-
-
-
-
Total
1.5
1.4
3.89
1.5
1.4
3.73
3.0
2.7
3.81
Tons REO (millions)
117
106
112
102
229
208
Indicated
Main
1.8
1.6
3.66
3.6
3.3
3.19
5.4
4.9
3.35
Main - Center Fork
-
-
-
-
-
-
-
-
Main NS Trending
1.1
1.0
3.85
0.5
0.5
3.51
1.6
1.5
3.74
Total Main
2.9
2.6
3.73
4.1
3.7
3.23
7.0
6.4
3.44
East
0.4
0.4
2.50
0.1
0.1
2.81
0.5
.5
2.56
Northwest Bull
-
-
-
-
-
-
-
-
Southeast
-
-
-
-
-
-
-
-
West 1
2.7
2.4
2.44
0.4
0.4
2.35
3.1
2.8
2.43
West 2
-
-
-
-
-
-
-
-
Whitetail SW
0.1
0.1
2.54
0.1
0.1
1.93
0.2
0.2
2.24
Whitetail NE
1.7
1.5
2.78
2.4
2.2
2.31
4.1
3.7
2.50
Total
7.8
7.1
3.00
7.1
6.4
2.84
14.9
13.5
2.92
Tons REO (millions)
468
425
403
366
871
790
Total
Measured + Indicated
Main
3.3
3.0
3.76
5.1
3.35
8.4
3.51
Main - Center Fork
-
-
-
-
-
-
-
-
-
Main NS Trending
1.1
1.0
3.85
0.5
3.51
1.6
3.74
Total Main
4.4
4.0
3.78
5.6
3.36
10.0
3.55
East
0.4
0.4
2.50
0.1
2.81
0.5
2.56
Northwest Bull
-
-
-
-
-
-
-
-
-
Southeast
-
-
-
-
-
-
-
-
-
West 1
2.7
2.4
2.44
0.4
0.4
2.35
3.1
2.8
2.43
West 2
-
-
-
-
-
-
-
-
-
Whitetail SW
0.1
0.1
2.54
0.1
0.1
1.93
0.2
0.2
2.24
Whitetail NE
1.7
1.5
2.78
2.4
2.2
2.31
4.1
3.7
2.50
Total
9.3
8.4
3.14
8.6
7.8
3.00
17.9
16.2
3.07
Tons REO (millions)
584
530
516
468
1,100
998
Note – Measured and Indicated resources are
inclusive
of mineralized material that is also reported as reserves.
(A.Noble, 2014)
