Rare Element Resources Ltd. · OTC:REEMF
Rare Element Resources — Investor Presentation (February 2013)
23 slides from Rare Element Resources's investor presentation, February 2013
Slide 1: Bear Lodge Critical Rare Earth Project
Bear Lodge Critical Rare Earth Project Developing the Next World-Class Rare Earth District February 2013 Rare Element Resources ǀ NYSE:REE TSX:RES 1
Slide 2: Disclaimer
Disclaimer The information contained herein, while obtained from sources which we believe are reliable, is not guaranteed as to its accuracy or completeness. The company is an exploration company and its mineral project has yet to be proven to be economic. Some references to geologic and technical i
Slide 3: Rare Element Resources
Rare Element Resources Developing the Next World-Class Rare Earth District Rare Element Resources is an NYSE and TSX-listed company holding a 100% interest in the Bear Lodge Critical Rare Earth Project in the State of Wyoming, USA. • Randall J. Scott: President & CEO Management • Jaye T. Pickarts, P
Slide 4: Right Value, Right Time, Right Place, Right Team
Rare Element Resources Developing the Next World-Class Rare Earth District Right Value Right Time Right Place Right Team • Excellent distribution of Critical Rare Earth Elements including: Nd, Pr, Eu, Tb, Dy, Y • 2nd highest grade rare-earth deposit in North America • Significant high-grade co
Slide 5: Right Time
Rare Element Resources Right Time Long life source of Critical Rare Earth Elements (CREOs) including those with the highest forecast demand growth and prices (Nd, Pr, Eu, Tb, Dy, Y) PRODUCTION: Phased development Commissoning/start-up Separation DEVELOPMENT: Expansion Metallurgy and Pilot plant stud
Slide 6: Right Time: Milestones
Bear Lodge Project Right Time: Milestones • 227 core holes and 92 bulk sample holes • Updated reserve/resource estimates • Positive PFS Completed • Pilot plant testing • Engineering design at 25% • Environmental baseline data collection •Mine permitting underway •Advancing metallurgical and pilot pl
Slide 7: Bear Lodge: A High Grade Critical Rare Earth Project
Bear Lodge: A High Grade Critical Rare Earth Project Right Place Excellent Mining Location and Infrastructure • Good road system surrounding project • Low-cost, reliable power available • 64 km to nearest railhead; chemicals available • Skilled labor and water available • Favorable community accepta
Slide 8: Right Value: Growing Mineral Resources
Bear Lodge Project Right Value: Growing Mineral Resources • Measured & Indicated Rare-Earth Mineral Resource (NI 43-101-compliant) • 6.8M tonnes @ 3.79% REO • 1.5% cutoff grade • Inferred Rare-Earth Mineral Resource (NI 43-101-compliant) • 31.4M tonnes @ 2.83% REO • 1.5% cutoff grade • Prepared by O
Slide 9: Right Value: Distribution of Bull Hill Oxide Zone REEs
Bear Lodge Project Right Value: Distribution of Bull Hill Oxide Zone REEs Rare-Earth Wt-% Oxide % Relative Value(2) Element Distribution(1) Lanthanum 28.0% 6.9% Cerium 43.5% 11.8% Neodymium 17.6% 35.9% Praseodymium 5.0% 10.8% Samarium 2.7% 1.5% Europium 0.6% 22.8% Gadolinium 1.3% 1.6% Terbium 0.1% 3
Slide 10: Right Value: Distribution of Whitetail Ridge Oxide Zone REEs
Bear Lodge Project Right Value: Distribution of Whitetail Ridge Oxide Zone REEs Rare-Earth Wt-% Oxide % Relative Value(2) Element Distribution(1) Lanthanum 25.5% 4.8% Cerium 41.0% 8.6% Neodymium 17.9% 28.3% Praseodymium 4.8% 8.1% Samarium 3.3% 1.4% Europium 0.9% 28.5% Gadolinium 2.2% 2.0% Terbium 0.
Slide 11: Right Value: One of the Highest Grade Eu Deposits
Bear Lodge Project Right Value: One of the Highest Grade Eu Deposits 2012 Drilling Results Expanded district-wide zonation of Tb, Dy, and Y enrichment surrounding high-grade core of TREO in the Bull Hill deposit Drilling intercepts identify significant thicknesses with high Eu abundance and stro
Slide 12: Resource Areas & Exploration Targets
Bear Lodge Project Resource Areas & Exploration Targets Yellow is the >2% TREO grade shell, Red is >3% grade shell 12
Slide 13: Bull Hill Area Resources and Targets
Bear Lodge Project Bull Hill Area Resources and Targets
Slide 14: Engineering, Development and Metallurgy
Bear Lodge Project Engineering, Development and Metallurgy Positive Pre-Feasibility Study Completed (April 2012) 9,400 tonnes/year of contained REEs Nineteen-plus year mine life Simple low cost metallurgical process involving; • Physical Upgrading Circuit (PUG) • Hydrometallurgical processing
Slide 15: Right Value: Robust Feasibility Results
Bear Lodge Project Right Value: Robust Feasibility Results Preliminary Feasibility Study (April 2012) Mining •Truck & shovel open pit operation •19 yr estimated mine life PUG •Straight-forward crushing, attritioning, washing & screening Hydromet •2 parallel circuits •21,000 tpa REO concentrate (cont
Slide 16: Bull Hill Physical Upgrade Flowsheet
Bear Lodge Project Bull Hill Physical Upgrade Flowsheet 16
Slide 17: Upton Hydrometallurgical Flowsheet
Bear Lodge Project Upton Hydrometallurgical Flowsheet 17
Slide 18: Bull Hill Mine General Layout
Bear Lodge Project Bull Hill Mine General Layout 18
Slide 19: Hydromet Plant/TSF General Layout
Bear Lodge Project Hydromet Plant/TSF General Layout 19
Slide 20: Mining/PUG Process
Bear Lodge Project Mining/PUG Process • Conventional truck and excavator open pit mining • Overburden to waste rock disposal facility • High grade oxide, OxCa and stockwork ores • Crushing • Attritioning/scrubbing • Screening, Magnetic Separation • Coarse reject to waste rock disposal facility • Dew
Slide 21: Hydromet Plant/REE Recovery
Bear Lodge Project Hydromet Plant/REE Recovery • Pre-concentrate product from PUG plant • Leach reactors (20% HCl at 190 degrees F) to dissolve REE’s • Precipitation to produce a 90%+ total rare element oxide product • Uranium not concentrated in product • Two-stage scrubbing for chlorine gas recove
Slide 22: Unlocking the True Value of the Bear Lodge REE District
Rare Element Resources Unlocking the True Value of the Bear Lodge REE District Recent drilling demonstrates increasing abundance of CREOs REE distribution high in Nd/Pr, Eu and significant in Tb, Dy, Y Advanced Metallurgical testwork and pilot plant studies in progress at laboratories around t
Slide 23: NYSE: REE TSX: RES www.rareelementresources.com
NYSE: REE TSX: RES www.rareelementresources.com Phone: 720-278-2460 23
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