Rare Element Resources
Bear Lodge Project
Canadian NI 43-101 Technical Report
October 9
th
, 2014
10135-200-46 - Rev. 0
14-51
Table 14.30 - Summary of Measured and Indicated Resource by Element
Measured
Indicated
Measured + Indicated
Oxide
Oxide + Calcite Total Oxide Oxide
Oxide + Calcite Total Oxide Oxide
Oxide + Calcite Total Oxide
Cutoff Grade
%TREO
1.5
1.5
1.5
1.5
1.5
1.5
1.5
1.5
1.5
Short Tons Resource
millions
1.50
1.46
2.96
7.74
7.18
14.92
9.24
8.65
17.89
Metric Tons Resource
millions
1.36
1.32
2.69
7.02
6.51
13.54
8.38
7.85
16.23
Average Grade
%TREO
3.89
3.73
3.81
3.00
2.85
2.93
3.14
3.00
3.08
lbs REO
millions
117
109
226
464
410
874
581
519
1,100
kg REO
millions
53.07
49.44
102.5
210.5
186.0
396.4
263.5
235.4
499.0
%Cerium Oxide
Ce
2
O
3
1.68
1.63
1.66
1.30
1.24
1.27
1.36
1.30
1.33
%Lanthanum Oxide
La
2
O
3
1.14
1.03
1.08
0.81
0.74
0.78
0.86
0.79
0.83
%Neodymium Oxide
Nd
2
O
3
0.65
0.67
0.66
0.53
0.53
0.53
0.55
0.55
0.55
%Praseodymium Oxide
Pr
2
O
3
0.184
0.183
0.184
0.148
0.141
0.145
0.154
0.148
0.151
%Samarium Oxide
Sm
2
O
3
0.103
0.105
0.104
0.087
0.088
0.087
0.089
0.091
0.090
%Gadolinium Oxide
Gd
2
O
3
0.053
0.048
0.050
0.045
0.046
0.046
0.047
0.046
0.047
%Yttrium
Y
2
O
3
0.038
0.029
0.034
0.033
0.034
0.034
0.034
0.033
0.034
%Europium Oxide
Eu
2
O
3
0.022
0.021
0.022
0.019
0.019
0.019
0.020
0.020
0.020
%Dysprosium Oxide
Dy
2
O
3
0.0126
0.0100
0.0113
0.0113
0.0119
0.0116
0.0115
0.0116
0.0116
%Terbium Oxide
Tb
2
O
3
0.0043
0.0036
0.0040
0.0037
0.0039
0.0038
0.0038
0.0038
0.0038
%Erbium Oxide
Er
2
O
3
0.0026
0.0021
0.0024
0.0021
0.0022
0.0021
0.0022
0.0022
0.0022
%Ytterbium Oxide
Yb
2
O
3
0.0016
0.0014
0.0015
0.0012
0.0013
0.0013
0.0013
0.0013
0.0013
%Holmium Oxide
Ho
2
O
3
0.00138
0.00107
0.00122
0.00120
0.00126
0.00123
0.00122
0.00123
0.00123
%Lutetium Oxide
Lu
2
O
3
0.00020
0.00019
0.00019
0.00016
0.00017
0.00017
0.00017
0.00018
0.00017
%Thulium Oxide
Tm
2
O
3
0.00025
0.00021
0.00023
0.00021
0.00022
0.00021
0.00021
0.00022
0.00021
ppm Thorium
Th
469
365
418
383
448
414
397
434
415
ppm Uranium
U
106
112
109
93
94
93
95
97
96
%Iron Oxide
Fe
2
O
3
14.1
12.4
13.2
12.8
10.9
11.9
13.0
11.2
12.1
%Manganese Oxide
MnO
4.16
2.92
3.55
3.09
2.28
2.70
3.26
2.38
2.84
%Calcium Oxide
CaO
1
17
9
1
16
8
1
16
8
Total Light
3.754
3.612
3.684
2.883
2.733
2.811
3.024
2.882
2.955
Total Heavy
0.136
0.117
0.127
0.117
0.121
0.119
0.120
0.120
0.120
Critical REOs
0.912
0.914
0.913
0.748
0.740
0.744
0.775
0.769
0.772
Fraction Heavy
0.035
0.031
0.033
0.039
0.042
0.041
0.038
0.040
0.039
Note – Measured and Indicated resources are inclusive of mineralized material
that is also reported as reserves.
(A.Noble, 2014)
