The Ashram Deposit is a carbonate with monazite the dominate rare earth mineral, accompanied by less bastnaesite and xenotime. Therefore, the deposit hosts a well-balanced rare earth distribution anchored in the magnet feed rare earths (Nd, Pr, Tb, and Dy) which have the strongest market fundamentals over the near, mid, and long-term. In addition, within the overall resource, there exists a zone of more intense Middle and Heavy Rare Earth Oxide (MHREO) enrichment, termed the ‘MHREO Zone’. This mineralized zone contains an REE distribution of 24% combined NdPr (19% Nd, 5% Pr) with significant Dy (0.9%) and Tb (0.2%). This type of magnet feed and MHREO enrichment is unique to Ashram and extends from surface comprising a significant amount of the deposit’s total resource. .
The Ashram Deposit, including the MHREO Zone, hosts a measured resource of 1.6 million tonnes (Mt) at 1.77% rare earth oxide (REO) and 3.8% F, an indicated resource of 27.7 Mt at 1.90% REO and 2.9% F, and an inferred resource of 219.8 Mt at 1.88% REO and 2.2% F, at a cut-off grade of 1.25% REO.
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves.
The Blue River Project, host to the Upper-Fir Deposit, is located in east-central British Columbia, Canada, proximal to provincial Hwy # 5 near the town of Blue River, about 230 km north of Kamloops. The Property hosts excellent infrastructure including a network of forestry roads as well as CN rail line and a high voltage power line. Well-positioned to benefit from this infrastructure is the Company’s wholly owned Upper-Fir Tantalum and Niobium Deposit, with an indicated resource of 48.4 Mt at 197 ppm Ta2O5 and 1,610 ppm Nb2O5, and an inferred resource of 5.4 Mt at 191 ppm Ta2O5 and 1,760 ppm Nb2O5 at block unit cut-off values of US$45t for bulk mining and US$66/t for selective mining method.
Mineral resources are not mineral reserves as they do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves.
Head office
Suite 1450 – 789 West Pender Street
Vancouver, BC
Canada V6C 1H2
Email: info@commerceresources.com
Tel: 604 484 2700
Fax: 604 681 8240
North American Toll-Free: 866 484 2700