Rare Element Resources
Bear Lodge Project
Canadian NI 43-101 Technical Report
October 9
th
, 2014
100135-200-46 – Rev. 0
21-10
Tables 21.3 thru 21.4 present costs according to area and type.
Table 21.3 - Physical Upgrade Plant Direct Capital Cost Summary, ($000s)
Area
Direct
Purchase
Contractor
Purchase
Installation
Sub-
Contractor
Total Cost
Site Preparation $
$ 583
$ 226
$ 804
Civil / Structural
$ 19,635
$ 19,635
Mechanical
$ 10,715
$ 2,083
$ 12,798
Piping
$ 660
$ 1,343
$ 2,003
Electrical
$ 2,774
$ 3,721
$ 1,948
$ 8,443
Instrumentation
$ 705
$ 429
$ 1,135
Total
$ 13,489
$ 25,304
$ 6,025
$
$ 44,819
(Roche, 2014)
Table 21.4 - Hydromet Plant Direct Capital Cost Summary, ($000s)
Area
Direct
Purchase
Contractor
Purchase
Installation
Sub-
Contractor Total Cost
Site Preparation $ 75
$ 2,578
$ 2
$ 2,655
Civil / Structural
$ 31,227
$ 38
$ 31,265
Mechanical
$ 59,618
$ 1,769
$ 7,250
$ 68,636
Piping
$ 4,308
$ 5,896
$ 10,204
Electrical
$ 867
$ 6,019
$ 983
$ 7,869
Instrumentation $ 2
$ 903
$ 540
$ 1,446
Total
$ 60,561
$ 46,804
$ 14,710
$ 122,075
(Roche, 2014)
21.2 Sustaining Cost Estimate
Sustaining capital costs are included in this cost estimate. Sustaining capital includes
costs associated with the replacement of equipment at the end of its useful life, such as
the mining fleet and the periodic embankment raising on the tailings dam.
