Randy scott tms presentation (blue metric) 1230Presentation Transcript
1NYSE MKT: REE & TSX: RESBear LodgeCritical Rare EarthProjectTechnology Metals Summit – March 2013A Year ofDramatic Change
22DisclaimerThe information contained herein, while obtained from sources which we believe are reliable, is not guaranteed as to its accuracy or completeness. Thecompany is an exploration company and its mineral project has yet to be proven to be economic. Some references to geologic and technical informationcontained herein are historical or have been generated by external consultants who may or may not be QPs under NI 43-101 and are therefore not inaccordance with the requirements under NI 43-101 or have to be prepared in accordance with a preliminary or final feasibility study. The content of thispresentation is for information purposes only and does not constitute an offer to sell or a solicitation to purchase any securities referred to herein.Forward-looking statements: This presentation includes certain forward-looking statements about future events and/or financial results which areforward-looking in nature and subject to risks and uncertainties. Forward-looking statements include without limitation, statements regarding thecompany’s plan, goals or objectives and future mineral projects, potential mineralization, resources and reserves, exploration results and future plansand objectives of Rare Element Resources. Forward-looking statements can generally be identified by the use of forward-looking terminology such as“may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, or “continue” or the negative thereof or variations thereon or similar terminology.There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from thoseanticipated in such statements. Important factors that could cause actual results to differ materially from expectations include risks associated withpermitting, mining generally, and pre-development stage projects in particular. Potential investors should conduct their own investigations as to thesuitability of investing in securities of Rare Element Resources.Cautionary Note to U.S. Investors Concerning Estimates of Measured, Indicated and Inferred Resources This presentation uses the term “Inferred”Mineral Resources. U.S. investors are advised that while such terms are recognized and required by Canadian regulations, the Securities and ExchangeCommission does not recognize them. “Inferred Resources” have a great amount of uncertainty as to their existence, and great uncertainty as to theireconomic and legal feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a higher category. UnderCanadian rules, estimates of Inferred Resources may not form the basis of feasibility or other economic studies. U.S. investors are also cautioned not toassume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.
33CREO Comparative Value$- $500 $1,000 $1,500 $2,000 $2,50013Rare Element Resources Whitetail DepositRare Element Resources Bull Hill & Whitetail, 1.5% cut-off911131517192123Critical Elements- Nd,Pr,Eu,Tb,Dy & YPProject Number1) Rare Element Resources internal studies2) January 2013 pricesUS$ per Metric Tonne
44CREO Comparative Value$- $500 $1,000 $1,500 $2,000 $2,500 $3,000123Rare Element Resources Bull Hill & Whitetail, 3.0% cut-off56Rare Element Resources Whitetail Deposit89Rare Element Resources Bull Hill & Whitetail, 1.5% cut-off1112131415161718192021222324Critical REO + By-productsCritical Elements- Nd,Pr,Eu,Tb,Dy & YProject1) Rare Element Resources internal studies2) January 2013 pricesUS$ per MetricTonne
55Distribution of Bull Hill + WhitetailOxide Zone REEs(1) Based on M&I Resources from News Release dated March 18, 2013(2) Based on January 1, 2013 prices of REEsRare-EarthElementWt-% OxideDistribution(1) % Relative Value(2)Lanthanum 27.3% 6.4%Cerium 43.4% 11.3%Neodymium 17.9% 35.1%Praseodymium 5.0% 10.3%Samarium 2.9% 1.5%Europium 0.6% 24.2%Gadolinium 1.4% 1.6%Terbium 0.1% 3.5%Dysprosium 0.3% 5.2%Yttrium 1.0% 0.8%Total 99.9% 99.9%
66M&I Resources2012 2013Indicated 182 359Measured 77 69-50100150200250300350400450MillionkgsEstimated REO Resources(in millions of kilograms)65% Increase259428
77M&I Resources Estimate(Near surface oxide zone)Deposit Cutoff(%TREO)Tonnes(106)Grade(%TREO)Grade(%CREO)%HREOBull Hill+ Whitetail1.5 13.3 3.22 0.80 3.6Whitetail 1.5 2.0 2.61 0.74 7.6CREO defined as Nd, Pr, Eu, Dy, Tb, YBased on M&I Resources from News Release dated March 18, 2013
88Distribution of Whitetail RidgeOxide Zone REEsRare-EarthElementWt-% OxideDistribution(1) % Relative Value(2)Lanthanum 25.3% 4.5%Cerium 39.8% 7.9%Neodymium 18.8% 27.9%Praseodymium 4.8% 7.6%Samarium 3.7% 1.4%Europium 0.8% 29.6%Gadolinium 2.6% 2.3%Terbium 0.3% 6.4%Dysprosium 0.9% 10.8%Yttrium 2.5% 1.7%Total 99.5% 100.1%(1) Based on Inferred Resource from News Release dated 7 May 2012(2) Based on January 1, 2013 prices of REEs
99Inferred Resource Estimate(Near surface oxide zone)Deposit Cutoff(%TREO)Tonnes(106)Grade(%TREO)Grade(%CREO)%HREOBull Hill+ Whitetail1.5 28.5 2.68 0.66 4.9Whitetail 1.5 7.3 2.82 0.75 7.2CREO defined as Nd, Pr, Eu, Dy, Tb, YBased on M&I Resources from News Release dated March 18, 2013
1010Growing Bear Lodge DistrictLeapFrog image showing the distribution of the +2% and +3% TREO grade shells in the greater Bull Hill area.
1111Soil and Rock ChipGeochemistry
1212Cutoff Grade ComparisonM&I Near Surface Oxide ZoneCutoff Grade%TREOResource Grade% TREOTonnesMillions1.0 2.6 19.31.5 3.2 13.33.0 4.7 5.44.5 6.5 2.1Based on M&I Resources from News Release dated March 18, 2013
1414Location and Infrastructure• Good road systemsurrounding project• Low-cost, reliable poweravailable• 64 km to nearest railhead;chemicals available• Skilled labor and wateravailable• Favorable communityacceptance; major coalmining center 97 km W• Top ranked miningjurisdiction(1)(1) Wyoming ranked as one of the top worldwide locations favorable for mining by the Fraser Institute and Behre Dolbear