Rare Element Resources
Bear Lodge Project
Canadian NI 43-101 Technical Report
October 9
th
, 2014
10135-200-46 - Rev. 0
14-52
Table 14.31 - Total Inferred Resources Using a Range of Cutoff Grades
Resource
Class
Cutoff
Grade
(%REO)
Oxide
Oxide+Calcite
Total Oxidized
Transitional
Sulfide
Total
Short
Tons
(million)
Grade
(%TREO)
Short
Tons
(million)
Grade
(%TREO)
Short
Tons
(million)
Grade
(%TREO)
Short
Tons
(million)
Grade
(%TREO)
Short
Tons
(million)
Grade
(%TREO)
Short
Tons
(million)
Grade
(%TREO)
Inferred
0.5
125.8 1.07 60.7 1.07 186.5 1.07 9.5 1.01 96.9 0.95 292.9 1.03
1
34.4 2.08 18.3 1.93 52.7 2.03 2.6 1.91 22.1 1.89 77.3 1.98
1.5
21.1 2.65 10.7 2.46 31.8 2.58 1.5 2.42 12.7 2.41 46.0 2.53
2
13.0 3.20 6.3 2.97 19.3 3.12 0.8 2.94 7.3 2.91 27.4 3.06
2.5
8.0 3.80 3.6 3.54 11.6 3.72 0.5 3.38 4.2 3.40 16.3 3.63
3
5.1 4.41 2.1 4.09 7.2 4.32 0.3 3.93 2.4 3.92 9.9 4.21
3.5
3.0 5.23 1.3 4.60 4.4 5.04 0.2 4.42 1.6 4.26 6.1 4.82
4
2.2 5.84 0.9 5.08 3.0 5.63 0.1 4.88 0.8 4.71 4.0 5.41
4.5
1.5 6.57 0.5 5.58 2.0 6.31 0.1 5.31 0.4 5.16 2.5 6.09
5
1.1 7.14 0.3 6.10 1.5 6.91 0.0 5.80 0.2 5.60 1.7 6.72
Resource
Class
Cutoff
Grade
(%REO)
Oxide
Oxide+Calcite Total Oxidized
Transitional
Sulfide
Total
Metric
Tons
(million)
Grade
(%TREO)
Metric
Tons
(million)
Grade
(%TREO)
Metric
Tons
(million)
Grade
(%TREO)
Metric
Tons
(million)
Grade
(%TREO)
Metric
Tons
(million)
Grade
(%TREO)
Metric
Tons
(million)
Grade
(%TREO)
Inferred
0.5 114.1 1.07 55.1 1.07 169.2 1.07
8.6 1.01 87.9 0.95 265.7 1.03
1
31.2 2.08 16.6 1.93 47.8 2.03
2.4 1.91 20.0 1.89 70.1 1.98
1.5
19.1 2.65
9.7 2.46 28.8 2.58
1.4 2.42 11.5 2.41 41.7 2.53
2
11.8 3.20
5.7 2.97 17.5 3.12
0.7 2.94
6.6 2.91 24.9 3.06
2.5
7.3 3.80
3.3 3.54 10.5 3.72
0.5 3.38
3.8 3.40 14.8 3.63
3
4.6 4.41
1.9 4.09
6.5 4.32
0.3 3.93
2.2 3.92
9.0 4.21
3.5
2.7 5.23
1.2 4.60
4.0 5.04
0.2 4.42
1.5 4.26
5.5 4.82
4
2.0 5.84
0.8 5.08
2.7 5.63
0.1 4.88
0.7 4.71
3.6 5.41
4.5
1.4 6.57
0.5 5.58
1.8 6.31
0.1 5.31
0.4 5.16
2.3 6.09
5
1.0 7.14
0.3 6.10
1.4 6.91
0 5.80
0.2 5.60
1.5 6.72
(A.Noble, 2014)
