Rare Element Resources
Bear Lodge Project
Canadian NI 43-101 Technical Report
October 9
th
, 2014
10135-200-46 – Rev. 0
3-1
3 Reliance on Other Experts
3.1 Introduction
The opinions expressed in this report are based on the available information and
the interpretations, as supplied by Rare Element and third party sources, which
were available at the time of this report. Peter Dahlberg P.E., General Manager,
Roche Engineering is the primary author of this report and has reviewed and
supervised the preparation of all sections of the report. Alan C. Noble, P.E. of Ore
Reserves Engineering prepared the new resource model and William L. Rose,
P.E. of WLR Consulting Inc., prepared the new mine plan and reserve estimate.
Jeffrey Jaacks, PhD of Geochemical Applications International Inc. prepared the
section on sample preparation, analysis and security. Jaye T. Pickarts, P.E. Chief
Operating Officer of Rare Element, contributed to certain sections of this Technical
Report on the Bear Lodge property. The report authors exercised all due care in
reviewing the supplied information and believe that the basic assumptions are
factual and correct, and that the interpretations are reasonable. Assumptions,
conditions, and qualifications are as set forth in the body of this report.
This report was prepared using public and private documents, as well as data
collected by various consultants on the Company’s behalf. Reasonable care was
taken in preparing this report; however, the authors cannot guarantee the accuracy
or completeness of historic supporting documentation.
Estimates of mineral reserves and resource estimates require a high degree of
assurance in the underlying data when the estimates are made. Unforeseen
events and uncontrollable factors can have significant adverse or positive impacts
on the estimates. Actual results may differ from estimates. The unforeseen events
and uncontrollable factors include: geological uncertainties, including inherent
sample variability, metal price fluctuations, variations in mining and processing
parameters, adverse changes in environmental or mining laws and regulations and
inflationary factors affecting cost estimates. The timing and effects of variances
from estimated values cannot be accurately predicted. All associated economic
projections are considered preliminary.
3.2 Exploration and Geology Data
Although ORE independently reviewed some of the drill hole and assay data, the
accuracy of the results and conclusions from the review rely on the accuracy of the
