Company Profile: Avalon Rare Metals Inc.

• Autores: Emma Hughes
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 545, 2013
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • Avalon Rare Metals Inc. is a mineral development company focused on rare metal deposits in Canada. Its flagship project, the 100%-owned Nechalacho Deposit located at Thor Lake in the Northwest Territories, is emerging as one of the world's largest undeveloped rare earth elements resources.

    As of May 2012, 85,240 metres of drilling at a cost of more than Canadian dollar (C) $57m ($57.8*) had been completed in exploring and developing the Nechalacho property. With the NI 43-101 update released in July 2012, estimated measured mineral resources in the Basal Zone are 8.90m tonnes, grading 1.64% TREO (lanthanum to lutetium plus yttrium) and 21.7% HREO/TREO, using the base case C$260 ($263)/tonne net metallurgical return (NMR) cut-off.

    "[We want to] complete our Nechalacho feasibility, get financing and begin construction of the project," [Pierre Neatby] told IM.