Business
Initial mineral resource for Area 4 of Namibia Rare Earths' Lofdal Project confirms exceptional heavy rare earth enrichment
NI 43-101 compliant mineral resource estimate for Area 4 delivers exceptional levels of h...
About this update from Namibia Critical Metals Inc.
[{"type":"text","content":"\n\n\n\n\n\nNI 43-101 compliant mineral resource estimate for Area 4 delivers\n exceptional levels of heavy rare earth enrichment\n\n\n0.90 MMT1@ 0.62% TREO with 86% heavy enrichment (Indicated) and 0.75 MMT @ 0.56%\n TREO with 85% heavy enrichment (Inferred) using 0.3% cut-off\n\n\nLow grade cut-off of 0.1% TREO provides 2.88 MMT @ 0.32% TREO with 76%\n heavy enrichment (Indicated) and 3.28 MMT @ 0.27% TREO with 75%\n heavy-enrichment (Inferred)\n\n\nResource currently drilled to 150 vertical meters - open at depth and\n along strike\n\n\nHALIFAX, Sept. 19, 2012 /CNW/ - Namibia Rare Earths Inc. (\"Namibia Rare\n Earths\" or the \"Company\") (TSX:NRE) is pleased to announce the release\n of a NI 43-101 compliant initial mineral resource estimate for the\n heavy rare earth enriched deposit in Area 4 on the Lofdal Rare Earth\n Project in northwestern Namibia (Figure 1). The mineral resource\n exhibits exceptional levels of heavy rare earth enrichment2 (\"HREE\") of between 75% and 93% HREE depending on cut-off grade with\n corresponding total rare earth oxide grades (\"TREO\") ranging from\n 0.27-1.26% TREO. The resource drilling program has provided a mineral\n resource estimate extending from surface to a vertical depth of\n approximately 150 meters. Ongoing exploration drilling has however,\n intersected the deposit to vertical depths of 250 vertical meters\n (Company press release July 17, 2012).\n\n\nThe in-situ mineral resource estimate was independently prepared by The MSA Group\n of South Africa (\"MSA\"). MSA has currently identified 0.3% TREO as the\n appropriate cut-off grade for the mineral resource which provides 0.90\n MMT at 0.62% TREO with 86% heavy enrichment (Indicated) and 0.75 MMT at\n 0.56% TREO with 85% heavy enrichment (Inferred). Details on the base\n case resource are provided in Table 1. A summary of mineral resources\n at varying cut-off grades is presented in Table 2. A complete listing\n of details on all cut-off grades is presented in Table 3.\n\n\n\n\n\n\n\n\nTable 1 - Mineral Resource (Base Case) Lofdal Area 4 \n\n \n\n \n\n\nIn-situ Indicated Mineral Resource @ 0.3% Cut-off\n\n\n Tonnes\n\n\n \n\n\nLa2O3\n\n\n \n\n\nCe2O3\n\n\n \n\n\nPr2O3\n\n\n \n\n\nNd2O3\n\n\n \n\n\nSm2O3\n\n\n \n\n\nLREO\n\n\n \n\n\nEu2O3\n\n\n \n\n\nGd2O3\n\n\n \n\n\n...