FORWARD LOOKING STATEMENTFORWARD LOOKING STATEMENT
ForwardForward--Looking Statements Looking Statements –– Certain statements included in this presentation are forwardCertain statements included in this presentation are forward--looking looking statements which are made pursuant to the “safe harbor” provisions of the United States Private statements which are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. They include estimates and statements that describe the Securities Litigation Reform Act of 1995. They include estimates and statements that describe the Company’s future plans, objectives and goals, including words to the effect that the Company or Company’s future plans, objectives and goals, including words to the effect that the Company or management expects a stated condition or result to occur. When used herein, words such as management expects a stated condition or result to occur. When used herein, words such as “estimate”, “expect”, “believe”, “intend”, “budget”, “plan”, “projection”, “progressing”, “strategy”, “estimate”, “expect”, “believe”, “intend”, “budget”, “plan”, “projection”, “progressing”, “strategy”, estimate , expect , believe , intend , budget , plan , projection , progressing , strategy , estimate , expect , believe , intend , budget , plan , projection , progressing , strategy , “outlook”, “will”, and other similar expressions are intended to identify forward“outlook”, “will”, and other similar expressions are intended to identify forward--looking statements. In looking statements. In particular statements relating to the estimated future metal prices, cash flows, expenses, capital particular statements relating to the estimated future metal prices, cash flows, expenses, capital costs, ore production, mine life, financing, construction and commissioning are forwardcosts, ore production, mine life, financing, construction and commissioning are forward--looking looking statements. Such forwardstatements. Such forward--looking statements involve inherent risks and uncertainties and are subject looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond our control, that may cause actual results or performance to to factors, many of which are beyond our control, that may cause actual results or performance to differ materially from those currently anticipated in such statements. Important factors that could differ materially from those currently anticipated in such statements. Important factors that could cause actual results to differ materially from those expressed or implied by such forwardcause actual results to differ materially from those expressed or implied by such forward looking looking cause actual results to differ materially from those expressed or implied by such forwardcause actual results to differ materially from those expressed or implied by such forward--looking looking statements include among others metal price volatility, changes in the US/CDN dollar exchange rate, statements include among others metal price volatility, changes in the US/CDN dollar exchange rate, economic and political events affecting metal supply and demand, fluctuations in ore grade, ore economic and political events affecting metal supply and demand, fluctuations in ore grade, ore tonnestonnes milled, geological, technical, mining or processing problems, future profitability and production, milled, geological, technical, mining or processing problems, future profitability and production, availability of financing on acceptable terms and unexpected problems during the development, availability of financing on acceptable terms and unexpected problems during the development, construction and startconstruction and start--up phases of the underground mine. For a more comprehensive review of risk up phases of the underground mine. For a more comprehensive review of risk factors, please refer to the Company’s most recent Annual Report in Form 40factors, please refer to the Company’s most recent Annual Report in Form 40--F/Annual Report under F/Annual Report under “M t’ Di i d A l i f Fi i l R lt ” d A l I f ti F d “Ri k “M t’ Di i d A l i f Fi i l R lt ” d A l I f ti F d “Ri k “Management’s Discussion and Analysis of Financial Results” and Annual Information Form under “Risk “Management’s Discussion and Analysis of Financial Results” and Annual Information Form under “Risk Factors” on file with the U.S. Securities and Exchange Commission and Canada provincial securities Factors” on file with the U.S. Securities and Exchange Commission and Canada provincial securities regulatory authorities. The Company disclaims any obligation to update or revise any forwardregulatory authorities. The Company disclaims any obligation to update or revise any forward--looking looking statements whether as a result of new information, events or otherwise. Readers are cautioned not to statements whether as a result of new information, events or otherwise. Readers are cautioned not to put undue reliance on these forwardput undue reliance on these forward--looking statements. Descriptions of mineral reserves and looking statements. Descriptions of mineral reserves and resources estimates included herein under Canadian standards may not be comparable to similar resources estimates included herein under Canadian standards may not be comparable to similar information made available by U.S. companies subject to reporting and disclosure requirements of the information made available by U.S. companies subject to reporting and disclosure requirements of the information made available by U.S. companies subject to reporting and disclosure requirements of the information made available by U.S. companies subject to reporting and disclosure requirements of the United States Securities and Exchange Commission. See “Mineral Reserve and Resource Estimate United States Securities and Exchange Commission. See “Mineral Reserve and Resource Estimate ––Note to U.S. Shareholders” in the Annual Report in Form 40Note to U.S. Shareholders” in the Annual Report in Form 40--F.F.The presentation has been prepared by management of Rare Earth Metals Inc, and does not represent The presentation has been prepared by management of Rare Earth Metals Inc, and does not represent a recommendation to buy or sell these securities. Investors should always consult their investment a recommendation to buy or sell these securities. Investors should always consult their investment advisors prior to making any Investment decision.advisors prior to making any Investment decision.
PRESENTATION OUTLINEPRESENTATION OUTLINE
Corporate StrategyCorporate Strategy Corporate StrategyCorporate Strategy Corporate StructureCorporate Structure Officers and DirectorsOfficers and Directors
i li l Rationale Rationale ProjectsProjects
•• ClayClay--Howells Howells •• Lackner Lake Lackner Lake •• Red Wine Red Wine
SummarySummary SummarySummary
CORPORATE STRUCTURECORPORATE STRUCTURE
COMPANY IS THE RESULT OF A “MERGER” BETWEEN EAST COMPANY IS THE RESULT OF A “MERGER” BETWEEN EAST ENERGY CORP (TSXENERGY CORP (TSX--V:EEC) AND RARE EARTH METALS INC V:EEC) AND RARE EARTH METALS INC ENERGY CORP. (TSXENERGY CORP. (TSX--V:EEC) AND RARE EARTH METALS INC. V:EEC) AND RARE EARTH METALS INC. (PRIVATE COMPANY) WITH RESULTING COMPANY RARE (PRIVATE COMPANY) WITH RESULTING COMPANY RARE EARTH METALS EARTH METALS
73 4 MILLION OUTSTANDING73 4 MILLION OUTSTANDING 73.4 MILLION OUTSTANDING73.4 MILLION OUTSTANDING
3.75 MILLION OPTIONS3.75 MILLION OPTIONS
12 MILLION WARRANTS12 MILLION WARRANTS
89.15 MILLION FULLY DILUTED89.15 MILLION FULLY DILUTED
$9.6 MILLION IN THE TREASURY$9.6 MILLION IN THE TREASURY
OFFICERS & DIRECTORSOFFICERS & DIRECTORSOFFICERS & DIRECTORSOFFICERS & DIRECTORS
MICHAEL STARESMICHAEL STARESPRESIDENT & CEOPRESIDENT & CEO
WAYNE REIDWAYNE REIDWAYNE REIDWAYNE REIDDIRECTORDIRECTOR
STEPHEN STARESSTEPHEN STARESPRESIDENT OF BENTON RESOURCES CORPPRESIDENT OF BENTON RESOURCES CORPPRESIDENT OF BENTON RESOURCES CORP.PRESIDENT OF BENTON RESOURCES CORP.
WILLIAM HARPERWILLIAM HARPERDIRECTORDIRECTOR
LIGHT RARE EARTH ELEMENTS(LREE)(LREE) PRICES AS OF MARCH 2/10
ELEMENT ATOMIC SYMBOL PRICE KG
ALL DATA IS FOB CHINAFROM METALS-PAGES.C0M
AND STANS ENERGY’S WEBSITE
Lanthanum La $5.55 Cerium Ce $4.15 Praseodymium Pr $25.75 Neodymium Nd $26.75 Samarium Sm $4.50
Heavy Rare Earth Elements(HREE)(HREE) PRICES AS OF MAR 2 /10
ELEMENT ATOMICIC SYMBOL PRICE KG
ALL DATA IS FOB CHINAFROM METALS-PAGES.C0M
AND STANS ENERGY’S WEBSITE
Europium Eu $480.00 Gadolinium Gd $7.65 Terbium Tb $350.00
Dysprosium Dy $129 50 Dysprosium Dy $129.50 Holmium Ho $25.38 Erbium Er $25.50 Thulium Tm $790.00 Ytterbium Yb $155 30 Ytterbium Yb $155.30 Lutetium Lu $238.00 Yttrium Y $10.25
CORPORATE STRATEGYCORPORATE STRATEGY
FOCUS ON REE DEPOSITS WITH ADDITIONAL MINERAL CREDITS ie FOCUS ON REE DEPOSITS WITH ADDITIONAL MINERAL CREDITS ie IRON ORE BERYLLIUM ZIRCONIUM NIOBIUMIRON ORE BERYLLIUM ZIRCONIUM NIOBIUMIRON ORE, BERYLLIUM, ZIRCONIUM, NIOBIUMIRON ORE, BERYLLIUM, ZIRCONIUM, NIOBIUM
PRIORITIZE OPPORTUNITIES TO ACQUIRE ADVANCED (DRILL PRIORITIZE OPPORTUNITIES TO ACQUIRE ADVANCED (DRILL READY) PROJECTS WITH GOOD ACCESS AND INFRASTRUCTURE READY) PROJECTS WITH GOOD ACCESS AND INFRASTRUCTURE
MOVE ON THESE OPPORTUNITIES QUICKLY MOVE ON THESE OPPORTUNITIES QUICKLY -- PRESENTLY A TIGHT PRESENTLY A TIGHT QQSUPPLY of REEs AND EXPORT RESTRICTIONS SHOULD ENSURE A SUPPLY of REEs AND EXPORT RESTRICTIONS SHOULD ENSURE A HEALTHY MARKET WITH GOOD FUTURE METAL PRICES BUT HEALTHY MARKET WITH GOOD FUTURE METAL PRICES BUT TIMING WILL BE IMPORTANTTIMING WILL BE IMPORTANT
PRIORITY IS TO COMPLETE METALLURGICAL TEST WORK ON THE PRIORITY IS TO COMPLETE METALLURGICAL TEST WORK ON THE PRIORITY IS TO COMPLETE METALLURGICAL TEST WORK ON THE PRIORITY IS TO COMPLETE METALLURGICAL TEST WORK ON THE CLAY HOWELLS PROSPECT CLAY HOWELLS PROSPECT
MAINTAIN A PIPELINE OF OTHER ADVANCED PROPERTIES THAT MAINTAIN A PIPELINE OF OTHER ADVANCED PROPERTIES THAT CAN BE EVALUATED EITHER INTERNALLY OR THROUGH JOINT CAN BE EVALUATED EITHER INTERNALLY OR THROUGH JOINT VENTUREVENTUREVENTURE.VENTURE.
REDWINE PROPERTY
GOOSE BAY
ST JOHNSCLAY
HOWELLSHOWELLSPROPERTY
THUNDER BAY
TIMMINSLACKNER
PROPERTY
CLAY - HOWELLS PROPERTY LOCATION
CLAYCLAY-- HOWELLS PROSPECTHOWELLS PROSPECT
18 DIAMOND DRILL HOLES TESTED THE CABONATITE18 DIAMOND DRILL HOLES TESTED THE CABONATITE--MAGNETITE ZONE FOR A STRIKE MAGNETITE ZONE FOR A STRIKE LENGTH OF 700 METERS LENGTH OF 700 METERS
NEWEST DRILL HOLE ASSAYS INCLUDE:NEWEST DRILL HOLE ASSAYS INCLUDE:
CHCH--09 09 : 0.69% TREO /0.12% Nb203 /47.20% Fe203 /76.6 METERS : 0.69% TREO /0.12% Nb203 /47.20% Fe203 /76.6 METERS
CHCH--1717 : : 0.85% TREO /0.13% Nb205 /37.76% Fe203 /35 METERS0.85% TREO /0.13% Nb205 /37.76% Fe203 /35 METERS
CHCH--1313 :: 0.69% TREO / 0.14% Nb205 /57.8% Fe203/105.3 METER INC: 1.088%0.69% TREO / 0.14% Nb205 /57.8% Fe203/105.3 METER INC: 1.088%TREO/0.14% Nb205 and 65.95% Fe203/ 16.9 METERSTREO/0.14% Nb205 and 65.95% Fe203/ 16.9 METERS
100% OWNED PATENTED MINERAL AND SURFACE RIGHTS, ROAD ACCESSIBLE WITH 100% OWNED PATENTED MINERAL AND SURFACE RIGHTS, ROAD ACCESSIBLE WITH GREAT INFRASTRUCTURE GREAT INFRASTRUCTURE -- HIGHWAY, RAILROAD AND PIPELINES WITHIN 40 HIGHWAY, RAILROAD AND PIPELINES WITHIN 40 KILOMETERS KILOMETERS
VERY SIMILAR TO THE BAYAN OBO MINE IN CHINAVERY SIMILAR TO THE BAYAN OBO MINE IN CHINA
NUMEROUS OTHER UNTESTED MAGNETIC ANOMALIES WITHIN THE 110 SQ KM NUMEROUS OTHER UNTESTED MAGNETIC ANOMALIES WITHIN THE 110 SQ KM CARBONATITE COMPLEXCARBONATITE COMPLEX
CLAYCLAY-- HOWELLS HOWELLS -- LOCATION MAPLOCATION MAP
CLAIM MAP WITH ROAD ACCESS
CLAY HOWELLSHOWELLSPROSPECT
AIRBORNE MAGNETICS: CLAYAIRBORNE MAGNETICS: CLAY-- HOWELLSHOWELLS
AREA OF 2010 WINTER DRILL PROGRAM
UNTESTEDMAGNETIC
ANOMALIES
CLAYCLAY-- HOWELL PROSPECT FIRST DERIVATIVE MAGNETICS HOWELL PROSPECT FIRST DERIVATIVE MAGNETICS
2010 DRILLING AREA
RED OUTLINE IS THE AREA OF POTENTIAL
TO ADD TONS TO IRON DEPOSIT PLUS
REE
REE Distribution of Various DepositsREE Distribution of Various Deposits100%
90%
70%
80%
60%
50%50%
ss ou d ns llslls ge ho
40%
ge
Mt P
ass
Baot
ouM
t Wel
dN
olan
syay--H
owel
l
How
ell
Pea
Ridg
eN
echa
lach
o
Stra
nge
Lake
Clay
Clay N
CH-02CH-01
CH-08CH-10
CH-15CH-17
CH-04CH-05CH-06CH-07
CH-09CH-11CH-13
CH-16CH-18
CH-12CH-14
Hole FROM (m)
TO (m)
Interval (m) Zone TREO
(%)LREO TREO
HREO TREO
Fe2O3(t) (%)
Nb2O5 (%)
CH-17 85 120 35 B Zone 0.85 92% 8% 37.76 0.13
CH-17 inc 94 5 101 6 5 B Zone 2 06 94% 6% 59 04 0 16CH-17 inc 94.5 101 6.5 B Zone 2.06 94% 6% 59.04 0.16
CH-17 221 248 27 C Zone 0.73 88% 12% 46.81 0.19
CH-17 inc 221 228 5 7 5 C Zone 1 12 92% 8% 40 07 0 09CH-17 inc 221 228.5 7.5 C Zone 1.12 92% 8% 40.07 0.09
CH‐17 CH‐17
8%(C Zone: 27m @ 0.73% TREO)
6%(B Zone: 6.5m @ 2.06% TREO)
92% 94%
LREO/TREO HREO/TREO LREO/TREO HREO/TREO
CH-01CH-02
CH-08CH-10
CH-15CH-17
CH-04CH-05CH-06CH-07
CH-09CH-11CH-13
CH-11CH-13
CH-11CH-13
Hole FROM (m) TO (m) DEPTH (m) Zone TREO
(%)LREO TREO
HREO TREO
Fe2O3(t) (%)
Nb2O5 (%)
CH‐06 158 210 52 B Zone 0.62 91% 9% 43.18 0.12
CH‐06 inc 161 173.5 12.5 B Zone 1.05 91% 9% 39.51 0.20
i % %CH‐06 inc 169.2 173.5 4.3 B Zone 1.94 93% 7% 40.26 0.17
CH‐06 239 304.5 65.5 C Zone 0.62 89% 11% 40.48 0.14
CH‐06 inc 250.3 256.3 6 C Zone 1.03 89% 11% 31.56 0.08
7%
CH‐06(B Zone: 4.3m @ 1.94% TREO)
11%
CH‐06(C Zone: 6.0m @ 1.03% TREO)
93%
LREO/TREO HREO/TREO
89%
LREO/TREO HREO/TREOLREO/TREO HREO/TREO LREO/TREO HREO/TREO
CH-01CH-02
CH-08CH-10
CH-15CH-17
CH-04CH-05CH-06CH-07
CH-09CH-11CH-13
CH-16CH-18
CH-12CH-14
Hole FROM (m)
TO (m)
Interval (m) Zone TREO
(%)LREO TREO
HREO TREO
Fe2O3(t) (%)
Nb2O5 (%)
CH-09 124.5 201.1 76.6 B Zone 0.69 90% 10% 47.20 0.12
CH-09 inc 139.5 155.7 16.2 B Zone 1.19 91% 9% 45.55 0.08
CH-09 inc 150.8 155.7 4.9 B Zone 2.45 92% 8% 46.21 0.09
CH‐09(B Zone: 76.6m @ 0.69% TREO)
CH‐09(B Zone: 4.9m @ 2.45% TREO)
10%
( @ )8%
( @ )
90%
LREO/TREO HREO/TREO
92%
LREO/TREO HREO/TREOLREO/TREO HREO/TREO LREO/TREO HREO/TREO
CH-01CH-02
CH-08CH-10
CH-15CH-17
CH-04CH-05CH-06CH-07
Ch-09CH-11CH-13
CH-16CH-18
CH-12CH-14
Hole FROM (m) TO (m) Interval
(m) Zone TREO (%)
LREOTREO
HREOTREO
Fe2O3(t) (%)
Nb2O5 (%)
CH-13 102.2 207.5 105.3 TBD 0.69 90% 10% 57.83 0.14
CH-13 inc 102.2 118.5 16.3 TBD 0.82 90% 10% 45.37 0.14
CH-13 and 164 203 39 TBD 0.85 91% 9% 59.41 0.13
CH 13 279 6 298 18 4 TBD 0 47 95% 5% 53 29 0 06CH-13 279.6 298 18.4 TBD 0.47 95% 5% 53.29 0.06
CH‐13105 3 @ 0 69% TREO)
10%105.3m @ 0.69% TREO)
90%
LREO/TREO HREO/TREO
CLAY HOWELLS CAMPCAMP
CLAY HOWELLS CAMP
CLAY – HOWELLS EXPLORATION PLANCLAY HOWELLS EXPLORATION PLAN
AIRBORNE SURVEY COMPLETED
18 DDH COMPLETED (5432.5 METERS)
MUTIPLE MAGNETITE ZONES INTERSECTED IN DRILLING THAT INDICATE A STRIKE LENGTH OF OVER 700 METERS AND OPEN IN ALL DIRECTIONS
CORE SAMPLES HAVE BEEN SELECTED AND SENT TO XSTRATA PROCESS SUPPORT IN SUDBURY FOR METALLURGICAL TESTWORK; RESULTS WILL BE AVAILBLE IN SIX WEEKSRESULTS WILL BE AVAILBLE IN SIX WEEKS
FOLLOW UP DRILLING ONCE ALL ASSAYS ARE COMPILED AND PRELIMINARY MINERALOGICAL WORK COMPLETED, ALSO PROSPECT ALL OTHER TARGETS IN THE COMPLEX
TOTAL EXPENDITURES FOR WINTER DRILLING AND SUMMER PROGRAM $2,290,000.00
RED WINE PROSPECTRED WINE PROSPECT-- LABRADORLABRADOR
CLAIM BLOCKS COVERING FIVE HISTORIC SHOWINGS:CLAIM BLOCKS COVERING FIVE HISTORIC SHOWINGS:
MANN #1MANN #1 MANN #2MANN #2 MICHELIN #1MICHELIN #1 NORTH RED WINE #1&2NORTH RED WINE #1&2 TWOTWO--TOM LAKETOM LAKE
ALL WITHIN THE RED WINE PERALKALINE COMPLEXALL WITHIN THE RED WINE PERALKALINE COMPLEX
HYDRO DAM ACCESS ROAD WITHIN 40 KM OF THE SHOWINGSHYDRO DAM ACCESS ROAD WITHIN 40 KM OF THE SHOWINGS HYDRO DAM ACCESS ROAD WITHIN 40 KM OF THE SHOWINGSHYDRO DAM ACCESS ROAD WITHIN 40 KM OF THE SHOWINGS
ROAD ACCESS ROAD ACCESS –– WEST CENTRAL LABRADORWEST CENTRAL LABRADOR
MANN #1 BERYLLIUM SHOWINGMANN #1 BERYLLIUM SHOWING
DISCOVERED BY GEOCHEMICAL AND RADIOMETRIC DISCOVERED BY GEOCHEMICAL AND RADIOMETRIC SURVEYS IN 1956SURVEYS IN 1956
RADIOMETRIC ZONE TRACED UP TO 1 6 KILOMETERS RADIOMETRIC ZONE TRACED UP TO 1 6 KILOMETERS RADIOMETRIC ZONE TRACED UP TO 1.6 KILOMETERS RADIOMETRIC ZONE TRACED UP TO 1.6 KILOMETERS LONG AND 100 METERS WIDELONG AND 100 METERS WIDE
DIAMOND DRILL HOLES BY RIO TINTO IN 1961 INCLUDE DIAMOND DRILL HOLES BY RIO TINTO IN 1961 INCLUDE DIAMOND DRILL HOLES BY RIO TINTO IN 1961 INCLUDE DIAMOND DRILL HOLES BY RIO TINTO IN 1961 INCLUDE INTERVAL OF 41.9 METERSINTERVAL OF 41.9 METERS OF 0.35% BERYILLIUM (BeO).OF 0.35% BERYILLIUM (BeO).
2.25 MILLION TONS AT 0.35% TO 0.40% BeO2.25 MILLION TONS AT 0.35% TO 0.40% BeO RESOURCE RESOURCE CALCULATED TO A VERTICAL DEPTH OF 60 METERS BASED CALCULATED TO A VERTICAL DEPTH OF 60 METERS BASED CALCULATED TO A VERTICAL DEPTH OF 60 METERS BASED CALCULATED TO A VERTICAL DEPTH OF 60 METERS BASED ON BLASTED CHANNEL SAMPLING AND LIMITED DIAMOND ON BLASTED CHANNEL SAMPLING AND LIMITED DIAMOND DRILLING( NON 43DRILLING( NON 43--101 COMPLIANT)101 COMPLIANT)
ASSAYS OF 16 SAMPLES TAKEN FROM RECENT ASSAYS OF 16 SAMPLES TAKEN FROM RECENT ASSAYS OF 16 SAMPLES TAKEN FROM RECENT ASSAYS OF 16 SAMPLES TAKEN FROM RECENT PROSPECTING RAN UP PROSPECTING RAN UP TO 0.97% BERYLLIUM (BeO), TO 0.97% BERYLLIUM (BeO), 2.35% NIOBIUM (NB205) AND 4.99% TOTAL RARE EARTHS 2.35% NIOBIUM (NB205) AND 4.99% TOTAL RARE EARTHS TREO). TREO).
MANN #2 SHOWINGMANN #2 SHOWING
MINERALIZED RADIOACTIVE ANOMALY
STRIKE LENGTH OF APPROXIMATELY 2400 METERS AND UP TO 90 METERS WIDE
GRAB SAMPLES BY NFLD GOVERNMENT IN 1985 ASSAYED 0.33% CESIUM, 0.17% ZIRCONIUM, 0.14% BERYLLIUM, 0.14% NIOBIUM
MICHELIN #1 SHOWINGMICHELIN #1 SHOWING
RADIOACTIVE ANOMALY UP TO 75 METERS WIDE AND TRACED ALONG STRIKE FOR A DISTANCE OF 1 KILOMETER
GRAB SAMPLING BY NFLD GOVERNMENT IN 1985 ASSAYED 0.79 % CESIUM, 0.096 % YITTRIUM, 0.24% NIOBIUM,0.16 % ZIRCONIUM
TWO TOM SHOWINGTWO TOM SHOWING
DISCOVERED BY BRINEX IN 1967 DISCOVERED BY BRINEX IN 1967
RADIOACTIVE ANOMALY TRACED FOR 1500 METRESRADIOACTIVE ANOMALY TRACED FOR 1500 METRES RADIOACTIVE ANOMALY TRACED FOR 1500 METRESRADIOACTIVE ANOMALY TRACED FOR 1500 METRES
LARGE NUMBER OF BOULDERS PROBABLY DERIVED FROM LARGE NUMBER OF BOULDERS PROBABLY DERIVED FROM LOCAL SOURCELOCAL SOURCE
RECENT PROSPECTING SAMPLING OF RECENT PROSPECTING SAMPLING OF 13 SAMPLES RAN UP 13 SAMPLES RAN UP TO 0.93 % BERYILLIUM (BEO), 4.93 % NIOBIUM (NB205), TO 0.93 % BERYILLIUM (BEO), 4.93 % NIOBIUM (NB205), 3 24 % (TREO) 3 24 % (TREO) 3.24 % (TREO) 3.24 % (TREO)
NORTH RED WINE #1 & 2 SHOWINGNORTH RED WINE #1 & 2 SHOWING
DISCOVERED BY BRINEX LATE 1950’SDISCOVERED BY BRINEX LATE 1950’S DISCOVERED BY BRINEX LATE 1950’SDISCOVERED BY BRINEX LATE 1950’S
OLD PITS TRACED FOR 400 METERSOLD PITS TRACED FOR 400 METERS
UP TO 40 % EUDIALYTE UP TO 40 % EUDIALYTE -- A RUBY RED NAA RUBY RED NA--CA ZIRCONIUM CA ZIRCONIUM SILICATE MINERAL WITH APPRECIABLE REEs AND YSILICATE MINERAL WITH APPRECIABLE REEs AND Y
RECENT PROSPECTING: SAMPLED ANALYZED BETWEEN RECENT PROSPECTING: SAMPLED ANALYZED BETWEEN 1.28 % AND 4.93 % ZIRCONIUM , BETWEEN 0.31 % TO 1.28 % AND 4.93 % ZIRCONIUM , BETWEEN 0.31 % TO 1.04 %1.04 % TREO)TREO)))
LABRADOR EXPLORATION PLANLABRADOR EXPLORATION PLAN FLY NEW RADIOMETRIC AND MAGNETIC SURVEY IN EARLY
SPRING 2010 OVER THE RED WINE PROPERTYSPRING 2010 OVER THE RED WINE PROPERTY
FOLLOW UP BY PROSPECTING, MAPPING, AND TRENCHING ON ALL OUTLINED TARGETS
DRILLING WILL COMMENCE ON MANN # 1 PROPERTY IN MID SUMMER 2010 TO PROPERLY OUTLINE THE EXTENT OF THE BERYLLIUM DEPOSIT OUTLINED BY RIO TINTO IN THE 1960
TO FURTHER EVALUATE THE RARE EARTH AND NIOBIUM VALUES TO FURTHER EVALUATE THE RARE EARTH AND NIOBIUM VALUES OBTAINED BY THE PROSPECTING CREWS IN THE LATE FALL OF 2009
TOTAL EXPENDITURES FOR THE PROGRAM FOR 2010 SHOULD BE TOTAL EXPENDITURES FOR THE PROGRAM FOR 2010 SHOULD BE APPROXIMATELY $500,000.00
REDWINE PROPERTY
GOOSE BAY
ST JOHNSTHUNDER
BAYCLAY
HOWELLS
LACKNER PROPERTY
TIMMINS
LACKNER PROPERTY LOCATION
LACKNER PROPERTYLACKNER PROPERTY LACKNER LAKE IS SITUATED WITHIN A 30 SQ KM CIRCULAR LACKNER LAKE IS SITUATED WITHIN A 30 SQ KM CIRCULAR
ALKALIC COMPLEX WITH HISTORIC NIOBIUM AND IRON ALKALIC COMPLEX WITH HISTORIC NIOBIUM AND IRON RESOURCESRESOURCES
NEW REE DISCOVERY (POLE LAKE) HOSTED IN A SYENITE NEW REE DISCOVERY (POLE LAKE) HOSTED IN A SYENITE BRECCIA, VALUES UP TO BRECCIA, VALUES UP TO 9.60 %TREO,9.60 %TREO, MINIMUM 3 METERS WIDEMINIMUM 3 METERS WIDE
NO PREVIOUS WORK TARGETED ON REE POTENTIALNO PREVIOUS WORK TARGETED ON REE POTENTIAL
LOCATED 20 KM EAST OF CHAPLEAU, WITH EASY ACCESS LOCATED 20 KM EAST OF CHAPLEAU, WITH EASY ACCESS OC 0 S O C U, S CC SSOC 0 S O C U, S CC SSTHROUGH A SERIES OF WOODS ROADSTHROUGH A SERIES OF WOODS ROADS
HIGHWAY AND RAILWAY WITHIN 10 KM OF PROPERTYHIGHWAY AND RAILWAY WITHIN 10 KM OF PROPERTY
REM SUMMARY REM SUMMARY 18 DIAMOND DRILL HOLES HAVE BEEN COMPLETED TO DATE ON 18 DIAMOND DRILL HOLES HAVE BEEN COMPLETED TO DATE ON
THE CLAY HOWELLS PROJECT, METALURGICAL TEST ARE THE CLAY HOWELLS PROJECT, METALURGICAL TEST ARE CURRENTLY BEING UNDERTAKEN AND RESULTS WILL BE CURRENTLY BEING UNDERTAKEN AND RESULTS WILL BE AVAILABLE IN 6 WEEKSAVAILABLE IN 6 WEEKS
FOUNDED AND MANAGED BY AN EXPERIENCED TEAM WHOSE FOUNDED AND MANAGED BY AN EXPERIENCED TEAM WHOSE FORTE IS PROJECT GENERATION, PROJECT IMPLEMENTATION FORTE IS PROJECT GENERATION, PROJECT IMPLEMENTATION AND AND DISCOVERY DISCOVERY
WELL FUNDED TO ADVANCE PROJECTSWELL FUNDED TO ADVANCE PROJECTS WELL FUNDED TO ADVANCE PROJECTSWELL FUNDED TO ADVANCE PROJECTS
FOCUSING ON ADVANCED REE PROPERTIES WITH HISTORIC FOCUSING ON ADVANCED REE PROPERTIES WITH HISTORIC RESOURCES IN PROVEN GEOLOGICAL ENVIROMENTSRESOURCES IN PROVEN GEOLOGICAL ENVIROMENTS
PROJECT GENERALLY HAVE GOOD ACCESS AND INFRASTRUCTUREPROJECT GENERALLY HAVE GOOD ACCESS AND INFRASTRUCTURE
OPERATING IN MINING FRIENDLY JURISDICTIONS IN ONTARIO, OPERATING IN MINING FRIENDLY JURISDICTIONS IN ONTARIO, NEWFOUNDLAND AND LABRADORNEWFOUNDLAND AND LABRADORNEWFOUNDLAND AND LABRADORNEWFOUNDLAND AND LABRADOR
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