Avalon’s Updated Prefeasibility Study Confirms Significantly Improved Economics for the Nechalacho REE Deposit

Avalon Rare Metals Inc. (TSX:AVL,AMEX:AVL) announced an update to its prefeasibility study at the Nechalacho REE Deposit.

The press release is quoted as saying:

The update was prepared to reflect a new mine plan based on an update of the Mineral Reserve Estimate which was, in turn, based on the Company’s January, 2011 mineral resource update as well as higher product prices.

Click here to read the entire news release.