poss. billion dollar in ground ree jorc res ?

Lets get a quick heads up on this REE Jnr

X. Jorc 36.2 Mt @ 2102ppm (0.21%) Total Rare Earth Oxides (TREO)including 85% Heavy Rare Earth Oxides (HREO)

X. Hastings contains one of the worlds largest HREO resources

X. Hastings mix HREE (mainly Dysprosium, Yttrium) at Hastings and LREE (Neodymium) at Yangibana. These are classified as “critical” rare earths by the US Department of Energy (December 2010)

X. Sep 2011 prices = Neodymium US$262/Kg, Dyprosium US$2290/kg, Yttrium US$162/Kg

X. The Hastings deposit has the highest in situ value per kg of REO versus its HREO peers @ $379/Kg See ASX Presentation 31 Jan 2012 pg 13.

X. Hastings has 65,270t Contained HREE, Lynas has 73,475t contained HREE. Source ASX Presentation 31 Jan 2012 pg.

X. Signif potential to increase resource. Open at depth and to South

X. Potential 30yr Mine life


Worth a read of the complete presso referred to above on the ASX 31 Jan 2012.