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Sonora Lithium Project - NI43-101 Technical Report
Sonora Lithium Project - NI43-101 Technical Report.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 4877K Rare Earth Minerals PLC 25 June 2014 \n \n\n25 June 2014\n \nRare Earth Minerals Plc.\n \n(\"Rare Earth Minerals\", \"REM\" or \"the Company\")\n \nSonora Lithium Project - NI43-101 Technical Report\n \nRare Earth Minerals Plc (LSE AIM: REM) is pleased to announce that the Company's Joint Venture Partner Bacanora Minerals Ltd (\"Bacanora\") has filed the Technical Report (\"Report\") on the updated and reclassified lithium resource in respect of the Sonora Lithium Project.\nThe Report summarises increases to the resources tonnage and classification that were announced by the Company in its announcement of June 4, 2014. For a summary of those increases, readers are encouraged to refer to the announcement of 4 June or directly to the Report.\nThe report covers the El Sauz and Fleur mineral concessions, the La Ventana Concessions and the Megalit Concessions.REM's interest in the overall Sonora Lithium Project consist of a 11.27% direct interest in Bacanora, a 30% in the Bacanora subsidiary that owns the El Sauz and Fleur mineral concessions (Joint Venture 1) and a 10% in the Bacanora subsidiary that owns the Megalit mineral concessions (Joint Venture 2). When aggregated the total economic interests are, 37.89% in Joint Venture 1 and 20.14% in Joint Venture 2.\nThe Report, in compliance with the recognised Canadian Security Administrators' National Instrument 43-101 and CIM guidelines for reporting resources and reserves, has been filed by Bacanora on SEDAR and will be available for download on the Company's website at www.rareearthmineralsplc.com. The full news release from Bacanora is shown below.\n- Ends -\nFor further information please contact: \nRare Earth Minerals plc +44 (0) 207 440 0647\nDavid Lenigas\nKiran Morzaria\n \nWH Ireland Limited (NOMAD & Joint Broker)  ...