Avalon Rare Metals (TSE:AVL) (NYSE:AVL) is pleased to provide a progress report on its rare metal product marketing initiatives as well as project permitting, metallurgy and diamond drilling programs on the Nechalacho Rare Earth Elements deposit, Thor Lake, NWT, Canada.
Avalon Rare Metals Inc. (TSE:AVL) (NYSE:AVL) is pleased to announce a significant improvement in the anticipated economics of the Nechalacho Rare Earth Elements ("REE") deposit at Thor Lake NWT, Canada (the "Project"), based on the results of an update of its June, 2010 Prefeasibility Study ("PFS"). 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.
Asian Activities Report for July 7, 2011 includes: CuDeco Limited (ASX:CDU) said today that FIRB has approved Oceanwide International Resources Investment Co. Limited to increase its shareholding in CuDeco to 19.9%; Aston Resources Limited (ASX:AZT) announced the completion of its definitive feasibility study for the Maules Creek coal project; GBM Resources Limited (ASX:GBZ) has identified previously undiscovered Rare Earth Element and Yttrium mineralisation at the Milo Prospect in northwest Queensland; Aguia Resources Limited (ASX:AGR) has signed an Option Agreement to acquire 100% of two potentially large-scale phosphate projects in southeast Brazil.
Mr Chalmers is a geologist and graduate of the Western Australian Institute of Technology (Curtin University). He also has a Master of Science degree from the University of Leicester in the United Kingdom. He has worked in the mining and exploration industry for over 36 years, during which time he has had experience in all facets of exploration through feasibility and development to the production phase. Ian is also a principal in Multi Metal Consultants Pty Ltd.
Asian Activities Report for June 24, 2011 includes: Iron Ore Holdings Limited (ASX:IOH) announced an 8% increase of the JORC compliant Mineral Resource at the Iron Valley Project in Western Australia; Gondwana Resources Limited (ASX:GDA) has discovered significant Rare Earth Elements at Trigg Hill Rare Earths Prospect in Western Australia; Nemex Resources Limited (ASX:NXR) has commenced reverse circulation drilling at Woodley iron project, to be followed by Ironstone Well iron project; Alexium International Group Limited (ASX:AJX) has been granted a patent for its smart surface technology in Singapore.
Asian Activities Report for June 23, 2011 includes: Realm Resources Limited (ASX:RRP) is progressing due diligence regarding the potential acquisition of the Katingan Ria thermal coal project in Indonesia; Aurora Minerals Limited (ASX:ARM) announced preliminary assay results from its Glenburgh Project in Western Australia; Renaissance Uranium Limited (ASX:RNU) has identified five areas of strong gold anomalies at its 100%-owned Cutana Project in South Australia; Arafura Resources Limited (ASX:ARU) has extended the expected completion date of the Nolans Project Bankable Feasibility Study by nine to twelve months.
Asian Activities Report for June 20, 2011 includes: Hastings Rare Metals Limited (ASX:HAS) is to acquire a 60% interest in the Yangibana Rare Earth Project in Western Australia; IPGA Limited (ASX:IPP) is to raise A$8.9 million from SeLoger.com; Krucible Metals Limited (ASX:KRB) has received further encouraging results from the Garnet Prospect in Queensland; Mineral Deposits Limited (ASX:MDL) is to form a joint venture with Eramet (EPA:ERA).
