Rare Element Resources
Bear Lodge Project
Canadian NI 43-101 Technical Report
October 9
th
, 2014
10135-200-46 - Rev. 0
14-56
Table 14.35 - Summary of High-Grade Measured and Indicated Resource
Resource
Class
Cutoff =3.00 %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 (M1)
0.8
0.7
5.32
0.9
0.8
4.73
1.7
1.5
5.01
Main (M3)
-
-
-
-
-
-
-
-
-
Total Main
0.8
0.7
5.32
0.9
0.8
4.73
1.7
1.5
5.01
East
-
-
-
-
-
-
-
-
-
West 1
-
-
-
-
-
-
-
-
-
Whitetail SW
-
-
-
-
-
-
-
-
-
Whitetail NE
-
-
-
-
-
-
-
-
-
Total Outside Main
-
-
-
-
-
-
-
-
-
Total
0.8
0.7
5.32
0.9
0.8
4.73
1.7
1.5
5.01
Tons REO (millions)
85
77
85
77
170
154
Indicated
Main (M1)
1.0
0.9
4.94
1.9
1.7
4.02
2.9
2.6
4.34
Main (M3)
0.6
0.5
5.16
0.3
0.3
4.77
0.9
0.8
5.03
Total Main
1.6
1.5
5.02
2.2
2.0
4.12
3.8
3.4
4.50
East
0.1
0.1
3.60
-
-
4.45
0.1
0.1
3.60
West 1
0.5
0.5
4.09
0.1
0.1
4.10
0.6
0.5
4.09
Whitetail SW
-
-
3.97
-
-
3.18
-
-
-
Whitetail NE
0.5
0.5
4.14
0.3
0.3
3.57
0.8
0.7
3.93
Total Outside Main
1.1
1.0
4.07
0.4
0.4
3.70
1.5
1.4
3.97
Total
2.7
2.4
4.63
2.6
2.4
4.06
5.3
4.8
4.35
Tons REO (millions)
250
227
211
191
461
418
Total
Measured + Indicated
Main (M1)
1.8
1.6
5.12
2.7
2.4
4.25
4.5
4.1
4.60
Main (M3)
0.6
0.5
5.16
0.3
0.3
4.77
0.9
0.8
5.03
Total Main
2.4
2.2
5.13
3.0
2.7
4.30
5.4
4.9
4.67
East
0.1
0.1
3.60
-
-
4.45
0.1
0.1
3.60
West 1
0.5
0.5
4.09
0.1
0.1
4.10
0.6
0.5
4.09
Whitetail SW
-
-
3.97
-
-
3.18
-
-
-
Whitetail NE
0.5
0.5
4.14
0.3
0.3
3.57
0.8
0.7
3.93
Total Outside Main
1.1
1.0
4.07
0.4
0.4
3.70
1.5
1.4
3.97
Total
3.5
3.2
4.80
3.4
3.1
4.23
6.9
6.3
4.52
Tons REO (millions)
336
305
288
261
624
566
(A. Noble, 2014)
14.17.2
Heavy Rare Earth (HREE) Enrichment
The Whitetail Ridge resource blocks (Whitetail SW and Whitetail NE exhibit significant
HREE-enrichment relative to the Bull Hill Resource blocks (Total Main, East,
Northwest Bull, Southeast, West 1, and West 2). HREE grade enrichment relative to
TREE in the total Whitetail deposit is about 2.5 times that of the total Bull Hill deposit
(Table 14.36).
