Name and Location
Lofdal rare earths project, Namibia.

Client
Namibia Rare Earths.

Project Description
The Lofdal project represents a unique opportunity for the development of a significant heavy rare earths supply out-side China.

Current National Instrument (NI) 43-101-compliant indicated resources are 5 594 t rare-earth oxides (REO) with 85.6% heavy rare earths enrichment and inferred resources of 4 180 t REO with 85.1% heavy rare earths enrichment, all reported at a 0.3% total rare-earth oxides (TREO) cutoff grade.

The contained tonnage of REO essentially can double in both categories at a lower cutoff of 0.1% TREO.

Value
Not stated.

Duration
Not stated.

Latest Developments
Namibia Rare Earths has initiated a preliminary economic assessment (PEA) on the Area 4 heavy rare earths deposit at Lofdal, in north-western Namibia.

MDM Engineering Group has been engaged as the principal consultant for the report, which will provide an economic analysis of the potential viability of the current resources at the project.

Ongoing metallurgical testwork has achieved increased recoveries and upgrades, indicating that the targeted mineral concentrate grade of 20% TREO can be attained from low-grade feed of 0.3% TREO.
MDM Engineering will be assisted by Mine Technics of Australia for pit optimisation, mine planning and operations; Swinden Geoscience of Canada will assist with geological inputs and Digby Wells Environmental of South Africa will assist with environmental management and planning.

The PEA will utilise the NI 43-101-compliant resource completed in 2012 by MSA Group.

The PEA is expected to be completed before the end of the third quarter.

Key Contracts and Suppliers
MDM Engineering Group (principal consultant), Mine Technics (pit optimisation, mine planning and operations), Swinden Geoscience (geological inputs) and Digby Wells Environmental (environmental management and planning).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Namibia Rare Earths, tel +1 902 835 8760, fax +1 902 835 8761 or email info@NamibiaREE.com.
MDM Engineering Group, tel +27 11 993 4300, fax +27 11 886 9306 or email info@mdm-engineering.com.
Swinden Geoscience, tel +1 902 444 3525, fax +1 902 444 7802 or email info@swindengeoscience.ca.
Digby Wells Environmental, tel +27 11 789-9495, +27 11 789-9498 or email info@digbywells.co.za.