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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.
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.