Tasman Metals Files Amended and Restated Feasibility Study for Norra Karr

Tasman Metals Ltd. (TSXV:TSM,NYSEMKT:TAS) announced that it’s filed on SEDAR an amended and restated NI 43-101 feasibility study for its Norra Karr rare earths project.
The company also announced a clarification to its disclosure following a review by the BC Securities Commission.
As quoted in the press release:

The Amended PFS removes all references made in the PFS to the Norra Karr project having a unconstrained mine life in excess of 60 years and corresponding production of tonnage that exceeds the resources contained in the PFS. We also hereby retract disclosure of an “unconstrained mine life in excess of 60 years” reported as a PFS highlight in our January 21, 2015 news release regarding the PFS.
We clarify that the only current mineral resource estimate for the Norra Karr project is the indicated mineral resource disclosed in the Amended PFS and summarized below. No other current mineral resoures are estimated or are implied for the Norra Karr project.

The indicated mineral resource for Norra Karr is as follows:

1) Mineral resources are not mineral reserves and do not have demonstrated economic viability.
2) Mineral resources are reported inclusive of any mineral reserves.
3) The mineral resources reported have based on a 20yr pit.
4) Mineral resources are reported for combined migmatitic grennaite, pegmatitic grennaite, grennaite with catapleiite and eudialyte lakarpite mineralization only
5) The mineral resources reported represent estimated contained metal in the ground and has not been adjusted for metallurgical recovery.
6) Total Rare Earth Oxides (TREO) includes: La2O3, Ce2O3, Pr2O3, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3.
7) Heavy Rare Earth Oxides (HREO) includes: Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3.
8) Preferred base case mineral resources are reported at a TREO % cut-off grade of 0.4% TREO.
9) Metal prices used for 20yr pit comprise:

Cerium Oxide	US$/g	0.005	Neodymium Oxide	US$/g	0.105
Dysprosium Oxide	US$/g	0.470	Praseodymium Oxide	US$/g	0.075
Erbium Oxide	US$/g	0.000	Samarium Oxide	US$/g	0.007
Europium Oxide	US$/g	0.700	Terbium Oxide	US$/g	0.725
Gadolinium Oxide	US$/g	0.020	Thulium Oxide	US$/g	0.000
Holmium Oxide	US$/g	0.000	Yttrium Oxide	US$/g	0.015
Lanthanum Oxide	US$/g	0.007	Ytterbium Oxide	US$/g	0.000

10) The potential development of mineral resources may be materially affected by legal, political, environmental or other risks.

Click here to read the full Tasman Metals Ltd. (TSXV:TSM,NYSEMKT:TAS) press release.