Rare Element Resources
Bear Lodge Project
Canadian NI 43-101 Technical Report
October 9
th
, 2014
10135-200-46 – Rev. 0
1-6
Table 1.3 - High-Grade Material in Measured and Indicated Resource
Contained High-Grade in Measured and Indicated Resource*
(using a 3.0% cutoff grade)
Tons
(M)
Tonnes
(M)
Grade
TREO %
Contained
TREO lbs
(M)
Contained
TREO Kg
(M)
Contained
High-Grade
Measured
1.7
1.5
4.92
167
76
Indicated
4.3
3.9
4.45
383
174
Total
6.0
5.4
4.51
550
250
*The contained high-grade material is a subset of the M&I resource as of June 30, 2014 and identified above.
1.1.1 Mineral Reserve
The mineral reserve is derived from and included as part of the M&I resource.
Mineral reserves take into consideration mineability, selectivity, mining loss, and
dilution, and identify that portion of the M&I resources economically recoverable
under the current development scenario outlined in the PFS. The mineral reserve
was calculated in a manner consistent with NI 43-101 standards and is summarized
in Table 1.4.
