03.12.2012 Views

Rare Earth Elements: A Review of Production, Processing ...

Rare Earth Elements: A Review of Production, Processing ...

Rare Earth Elements: A Review of Production, Processing ...

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

<strong>Rare</strong> <strong>Earth</strong> <strong>Elements</strong> <strong>Review</strong> Section 2 – Introduction to <strong>Rare</strong> <strong>Earth</strong> <strong>Elements</strong><br />

Factor<br />

Table 2-4. Current Activities at Selected, Potential U.S. REE Mines<br />

Mountain Pass<br />

(California),<br />

RCF, Goldman<br />

Sachs, and Traxys<br />

Status Recommissioned<br />

separation plant.<br />

Feasibility study <strong>of</strong><br />

recommencing mining<br />

and processing under<br />

way.<br />

Resources 20 Mt @ 9.2% rare<br />

earth<br />

oxides (REO);<br />

1.8 Mt REO contained<br />

(a proven reserve).<br />

Bear Lodge<br />

(Wyoming),<br />

<strong>Rare</strong> Element<br />

Resources Ltd.<br />

Resource engineering<br />

study under way.<br />

Process development<br />

commenced.<br />

9 Mt @ 4.1% REO<br />

0.4 Mt REO (inferred).<br />

Pea Ridge<br />

(Missouri),<br />

Upland Wings/Wings<br />

Enterprises and<br />

Glencore International<br />

Commercial and<br />

technical studies<br />

ongoing. Property<br />

ownership has changed<br />

to Pea Ridge<br />

Resources, Inc..<br />

4 Mt iron ore; $3 billion<br />

<strong>of</strong> REE; small HREE<br />

deposit, but potentially<br />

higher concentrations<br />

than in any deposit<br />

worldwide.<br />

Round Top Mountain<br />

Project (Texas),<br />

Texas <strong>Rare</strong> <strong>Earth</strong><br />

Company<br />

Exploration—potential<br />

open pit mine. 82,000<br />

feet <strong>of</strong> drill core<br />

available for evaluation.<br />

Preparing for<br />

aeromagnetic survey<br />

and additional drilling.<br />

67% <strong>of</strong> REOs are<br />

HREEs.<br />

Potential Target: 18,000 tons Unknown. Output <strong>of</strong> REE from Information not<br />

<strong>Production</strong> per year REO;<br />

tailing unknown; available.<br />

start-up in 2012.<br />

underground mine<br />

production unknown.<br />

Critical � New owners. � Define “ore reserve.” � Define “ore reserve.” � Information not<br />

Issues � Completing � Develop process. � Develop process. available.<br />

Definitive<br />

Feasibility Study<br />

(DFS).<br />

� Restarting an “old”<br />

plant.<br />

� Complete DFS.<br />

� Approvals.<br />

� Customer support.<br />

� Complete DFS.<br />

� Approvals.<br />

� Customer support.<br />

Sources: http://phx.corporate-ir.net/phoenix.zhtml?c=236277&p=irol-news&nyo=0;<br />

http://www.rareelementresources.com/s/Home.asp; http://www.wingsironore.com/; http://texasrareearth.com/;<br />

http://pearidgeresources.com/<br />

2-9

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!