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Corporate Presentation - Avalon Rare Metals

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Nechalacho REE Deposit:<br />

Development Timeline<br />

VALUE<br />

2005: $700,000<br />

• Acquisition<br />

• Compilation<br />

2013: $300-400 million<br />

2007-2008: $7.5 million<br />

• Production<br />

• Delineation drilling<br />

• Metallurgical studies<br />

2010-2012: $20-30 million<br />

• Preliminary engineering<br />

• Bulk sample & feasibility<br />

• Environmental studies<br />

• Permitting & MOU<br />

• Off-take arrangements<br />

2006 - 2007: $750,000<br />

• Mine development<br />

• Scoping study<br />

2009-2010: $4-5 million<br />

• Definition drilling<br />

• Metallurgy & market studies<br />

• Pre-feasibility study<br />

• Environmental studies<br />

TSX:AVL<br />

OTCQX:AVARF www.avalonraremetals.com 27

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