Rare Earth Element Projects Seabrook and Big Beaver House

Rare Earth Element Projects
Seabrook and Big Beaver House
July 2012

Rare Earth Elements
Ti
22
Zr
40
Hf
72
Li
3
He
2
C
6
N
7
O
8
F
9
Ne
10
Na
11
B
5
Be
4
H
1
Al
13
Si
14
P
15
S
16
Cl
17
Ar
18
K
19
Ca
20
Sc
21
V
23
Cr
24
Mn
25
Fe
26
Co
27
Ni
28
Cu
29
Zn
30
Ga
31
Ge
32
As
33
Se
34
Br
35
Kr
36
Rb
37
Sr
38
Y
39
Nb
41
Mo
42
Tc
43
Ru
44
Rh
45
Pd
46
Ag
47
Cd
48
In
49
Sn
50
Sb
51
Te
52
I
53
Xe
54
Cs
55
Ba
56
Ta
73
W
74
Re
75
Os
76
Ir
77
Pt
78
Au
79
Hg
80
Tl
81
Pb
82
Bi
83
Po
84
At
85
Rn
86
Fr
87
Ra
88
Rf
104
Db
105
Sg
106
Bh
107
Hs
108
Mt
109
Mg
12
La-Lu
57-71
Ac-Lr
57-71
Ce
58
Pr
59
Nd
60
Pm
61
Sm
62
Eu
63
Gd
64
Tb
65
Dy
66
Ho
67
Er
68
Tm
69
Yb
70
Lu
71
La
57
Sc
21
Y
39
Light Rare Earths Heavy Rare Earths
17 Elements on the Periodic Table
• 15 Lanthanides (La - Lu)
• Scandium
• Yttrium

Rare Earth Elements - Applications
Modified from BGS REE report June 2010

2008 REO Consumption
Catalysts
Glass &
Polishing
20%
By Volume By Value
22%
Other
6% 6%
Ceramics
7%
Phosphors
21%
18%
Magnets
Metal Alloys
Catalysts
Glass &
Polishing
Phosphors
6%
32%
Other
5%
3% 3%
Ceramics
14%
37%
Metal Alloys
Magnets
IMCOA – Kingsnorth 2010

Global Distribution of REEs
India
Australia
United
States
Other
3%
6%
Reserves
22%
13%
19%
37%
China
Commonwealth of
Independent States
Country
Reserves
(Tonnes)
China
36,000,000
Commonwealth of
Independent States 19,000,000
United States 13,000,000
Australia
5,400,000
India
3,100,000
Brazil
48,000
Malaysia
30,000
Other
22,000,000
Total: 99,000,000
USGS Mineral Commodities Survey, Hedrick 2010

Tonnes REO
REO Production By Country
160000
140000
120000
100000
80000
60000
40000
20000
0
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
China Dominates
World Production
at 96.8% of Supply
2008
2009
Other
Brazil
Russia
USA
Malaysia
India
China
World Minerals Statistics Database, BGS

REO Demand - tpa
REE Demand Forecast
250,000
200,000
150,000
100,000
50,000
0
China Vs. Rest of World
Robust 8-12%
Annual Growth
Rate Forecast
China Supply ROW Supply China Demand Adjusted Global Demand
IMCOA – Kingsnorth 2010

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Primary REE Source - Carbonatite
• A Carbonatite is an
igneous rock
comprising at least
50% carbonate
minerals.
• Usually occur as
small plugs within
concentrically
zoned alkalic
intrusive
complexes.
• Greatly enriched in niobium,
rare-earth elements, barium,
strontium, phosphorus, and
fluorine
Idealized carbonatite pipe (modified from
Jébrack and Marcoux, 2008)

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Carbonatite REE Mine Example
• Production at the Niobec mine
began in 1976.
• Niobec mine has an excellent
history of reserve renewal over
30 years of operation.
• 29.5 million tonnes grading
0.68% Nb 2O 5 Produced
• Currently producing
approximately 7-8% of world
consumption.
• 23.5 million tonnes grading
0.59% Nb 2O 5 current
Measured & Indicated
Resources
(modified from Iamgold, 2009 43-101 Technical Report)

TNR Rare Earth Element Project Location
2 Projects in
Ontario,
Canada
Stable
Jurisdiction
Seabrook & Big Beaver House Properties
Underexplored REE Carbonatite Opportunities 10

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Seabrook REE Property, Ont.
• 3 Claims - 512 Hectares
• 100 kms NE of Sault Ste. Marie
• Accessible year round, 10 km
from Forest Access Road leading
to Hwy. 129 and the Aubrey Falls
Power Generation Station
• Powerline Transects Claim Group
• Located within the Abitibi
Subprovince of the Superior
Province, Canadian Shield
• 1107 and 1109 Ma dating

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Seabrook – Claim Map
• 2011 Preliminary Exploration
Analyses confirms significant
historical REE grades
• Results from 22 geochemical &
mineralogical characterization
samples were consistent with
historical work
• 10 of the 22 samples contained
greater than 0.20% TREO + Y
•Locations provide an excellent target
for further mapping

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Seabrook– Aeromag Map
• Magnetic Bullseye Delineates
1.5 x 2 km Central Core to
Carbonatite Complex
• Reflects Magnetite Signature
• Survey has shown anomalous are
on eastern side of peninsula may
extend further into the centre that
was insicated by historical
mapping
2 km
From aeromagnetic map 2228G & 2229G (ODM-GSC 1963)
1.5 km

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Seabrook – Economic Geology
• 1955: Bussineau, W.
Highest Nb values reported with
high radioactivity and magnetite;
Four grab samples grade
0.6, 1.5, 4.7 & 10.3% Nb 2O 5
• 1971: Canpac Minerals - Gunnex Ltd.
3 areas of high Nb values observed
Never Drilled
• 1977: Thurston et al.
Sovite grab sample grading
0.47% Ce 2O 3 & 0.22% La 2O 3
*Only Ce and La analyzed
Indicates Significant
and Untested REE Potential
From Sage 1988
Nb
Nb
Nb
La + Ce

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Big Beaver House REE Property, Ont.
• One of the largest Carbonatite
complexes in Ontario
• Rock types similar to REE deposit
of Molycorp in California and Bear
Lodge carbonate
• Accessible year round, nearby
infrastructure (power/water)
• Located within the Sachigo
Subprovince of the Superior
Province, Canadian Shield
• 1109 ± 61 Ma dating
• Predominantly Pyroxenite,
Ijolite and silicocarbonatite

17
Big Beaver House – Claim Map
• 11 Claims
• 2,688 Hectares
• 40 kms northeast of
Goldcorp’s
Musselwhite gold
mine
• 450 kms north of
Thunder Bay

18
Big Beaver House – Aeromag Map
• Magnetic Bullseye
Delineates 5 x 5 km
Carbonatite Complex
• Reflects Significant
Magnetite
• Almost Complete
Absence of Outcrop
• Low Marshy Ground
From aeromagnetic map 939G (ODM-GSC 1960)

19
Big Beaver House – Historical Drilling
Limited Drilling
2,081 metres
• 1962
Many Lakes Exploration
7 holes – 977 m
• 1966
Teck Corporation
7 holes – 915 m
• 1977
International Minerals &
Chemicals Corporation
5 holes – 189 m
*Residual Apatite
Phosphorous Target
5 Km
5 Km

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Big Beaver House – Historical Drilling
High Grade Niobium Intersected
• M-4
3.05% Nb 2O 5 over 0.3m and
5.30% Nb 2O 5 over 1.7m
• T-8
2.92% Nb 2O 5 over 1.5m
• T-9
1.06% Nb 2O 5 over 2.0m
The Big Beaver House Complex
Was Not Tested for its REE Potential

Big Beaver House – 1987 OGS Samples
• Ontario Geological Survey
analyzed historic drill core
and confirmed significant
REE mineralization
• OGS (Sage 1982) reported
up to 3,200 ppm Nd+La+Ce
21
Indicates Significant
and Untested
REE Potential

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Big Beaver House REE Project - Summary
• One of the largest ( 5x5 km )
Carbonatite complexes
• Excellent Model for REEs
• Underexplored
- Limited Historic Drilling
- REE Potential not tested
• Sampling of Historic Drill Core
Reveals Presence of
Significant REEs
Excellent Exploration
Target for REEs

Disclaimer
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this presentation.
Statements in this presentation other than purely historical
information, historical estimates should not be relied upon, including
statements relating to the Company’s future plans and objectives or
expected results, are forward-looking statements. This presentation
contains certain "Forward-Looking Statements" within the meaning of
Section 21E of the United States Securities Exchange Act of 1934, as
amended. Forward-looking statements are based on numerous
assumptions and are subject to all of the risks and uncertainties
inherent in the Company’s business, including risks inherent in
resource exploration and development. As a result, actual results
might vary materially from those described in this presentation.
Readers should verify any & all claims and do their due diligence
before investing in any securities mentioned. Investing in securities is
speculative and carries a high degree of risk.
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