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In one of his first acts after taking office earlier this year, U.S. President Joe Biden ordered a review of the rare earth supply chain, a group of 17 elements that are increasingly important to modern technology.
Used in electric vehicles, solar panels, wind turbines, military defence programs such as missile guidance systems, headphones, motors and many other advanced technologies, nearly all politicians have come round to the idea that they’re critical to the future economy and security.
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Namibia Critical Metals Inc.: Mineral Resource Update: More than 650 Percent Increase in Measured and Indicated TREO Mineral Resources for the Lofdal Heavy Rare Earths Project
Cut-off TREO %
Cut-off TREO %
Mineral Resources, which are not Mineral Reserves, have no demonstrated economic viability. TREO = Total Rare Earth Oxides and includes Y2O3 HREO = Total Heavy Rare Earth Oxides and includes Y2O3 LREO = Total Light Rare Earth Oxides
Table 6: Area 2B Grade and Tonnages in Inferred category
Cut-off TREO %
0.5
Table 7: Area 4 Mineral Resources estimate by individual REO - Grades at a cut-off of 0.1% TREO
Class
470
Table 8: Area 4 Mineral Resources estimate by individual REO - Tonnes at a cut-off of 0.1% TREO