NYSE MKT: REE & TSX: RES
Bear Lodge
Critical Rare Earth
Project
A Year of
Dramatic Change
Technology Metals Summit – March 2013
1
Disclaimer
The information contained herein, while obtained from sources which we believe are reliable, is not guaranteed as to its accuracy or completeness. The
company is an exploration company and its mineral project has yet to be proven to be economic. Some references to geologic and technical information
contained 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 in
accordance with the requirements under NI 43-101 or have to be prepared in accordance with a preliminary or final feasibility study. The content of this
presentation 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 are
forward-looking in nature and subject to risks and uncertainties. Forward-looking statements include without limitation, statements regarding the
company’s plan, goals or objectives and future mineral projects, potential mineralization, resources and reserves, exploration results and future plans
and 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 those
anticipated in such statements. Important factors that could cause actual results to differ materially from expectations include risks associated with
permitting, mining generally, and pre-development stage projects in particular. Potential investors should conduct their own investigations as to the
suitability 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 Exchange
Commission does not recognize them. “Inferred Resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their
economic and legal feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a higher category. Under
Canadian rules, estimates of Inferred Resources may not form the basis of feasibility or other economic studies. U.S. investors are also cautioned not to
assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.
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2
CREO Comparative Value
Critical Elements- Nd,Pr,Eu,Tb,Dy & Y
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23
22
21
20
19
18
17
16
15
ProjectP Number
14
13
12
11
10
9
8
Rare Element Resources Bull Hill & Whitetail, 1.5% cut-off
6
Rare Element Resources Whitetail Deposit
Rare Element Resources Bull Hill & Whitetail, 3.0% cut-off
3
2
1
$-
$500
$1,000
$1,500
$2,000
$2,500
US$ per Metric Tonne
1) Rare Element Resources internal studies
2) January 2013 prices
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3
CREO Comparative Value
Critical REO + By-products
24
23
22
21
20
19
18
17
16
15
Project Number
14
13
12
11
Rare Element Resources Bull Hill & Whitetail, 1.5% cut-off
9
8
Rare Element Resources Whitetail Deposit
6
5
Rare Element Resources Bull Hill & Whitetail, 3.0% cut-off
3
2
1
Critical Elements- Nd,Pr,Eu,Tb,Dy & Y
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
US$ per MetricTonne
1) Rare Element Resources internal studies
2) January 2013 prices
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4
Distribution of Bull Hill + Whitetail
Oxide Zone REEs
Rare-Earth
Element
Lanthanum
Cerium
Neodymium
Praseodymium
Samarium
Europium
Gadolinium
Wt-% Oxide
Distribution(1)
27.3%
43.4%
17.9%
5.0%
2.9%
0.6%
1.4%
Terbium
0.1%
3.5%
Dysprosium
0.3%
5.2%
Yttrium
Total
1.0%
99.9%
0.8%
99.9%
% Relative Value(2)
6.4%
11.3%
35.1%
10.3%
1.5%
24.2%
1.6%
(1) Based on M&I Resources from News Release dated March 18, 2013
(2) Based on January 1, 2013 prices of REEs
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5
M&I Resources
Estimated REO Resources
(in millions of kilograms)
450
428
400
65% Increase
350
Million kgs
300
259
250
200
150
100
50
Indicated
Measured
2012
182
77
2013
359
69
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6
M&I Resources Estimate
(Near surface oxide zone)
Deposit
Cutoff
(%TREO)
Tonnes
(106)
Grade
(%TREO)
Grade
%HREO
(%CREO)
Bull Hill
+ Whitetail
1.5
13.3
3.22
0.80
3.6
Whitetail
1.5
2.0
2.61
0.74
7.6
CREO defined as Nd, Pr, Eu, Dy, Tb, Y
Based on M&I Resources from News Release dated March 18, 2013
7
7
Distribution of Whitetail Ridge
Oxide Zone REEs
Rare-Earth
Element
Lanthanum
Cerium
Neodymium
Praseodymium
Samarium
Europium
Gadolinium
Wt-% Oxide
Distribution(1)
25.3%
39.8%
18.8%
4.8%
3.7%
0.8%
2.6%
Terbium
0.3%
6.4%
Dysprosium
0.9%
10.8%
Yttrium
Total
2.5%
99.5%
1.7%
100.1%
% Relative Value(2)
4.5%
7.9%
27.9%
7.6%
1.4%
29.6%
2.3%
(1) Based on Inferred Resource from News Release dated 7 May 2012
(2) Based on January 1, 2013 prices of REEs
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Inferred Resource Estimate
(Near surface oxide zone)
Deposit
Cutoff
(%TREO)
Tonnes
(106)
Grade
(%TREO)
Grade
(%CREO)
%HREO
Bull Hill
+ Whitetail
1.5
28.5
2.68
0.66
4.9
Whitetail
1.5
7.3
2.82
0.75
7.2
CREO defined as Nd, Pr, Eu, Dy, Tb, Y
Based on M&I Resources from News Release dated March 18, 2013
9
9
Growing Bear Lodge District
LeapFrog image showing the distribution of the +2% and +3% TREO grade shells in the greater Bull Hill area.
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Soil and Rock Chip
Geochemistry
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Cutoff Grade Comparison
M&I Near Surface Oxide Zone
Cutoff Grade
%TREO
Resource Grade
% TREO
Tonnes
Millions
1.0
2.6
19.3
1.5
3.2
13.3
3.0
4.7
5.4
4.5
6.5
2.1
Based on M&I Resources from News Release dated March 18, 2013
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Hydrometallurgical Flowsheet
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Location and Infrastructure
•
Good road system
surrounding project
•
Low-cost, reliable power
available
•
64 km to nearest railhead;
chemicals available
•
Skilled labor and water
available
•
Favorable community
acceptance; major coal
mining center 97 km W
•
Top ranked mining
jurisdiction(1)
(1) Wyoming ranked as one of the top worldwide locations favorable for mining by the Fraser Institute and Behre Dolbear
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NYSE MKT: REE & TSX: RES
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Critical Elements- Nd,Pr,Eu,Tb,Dy & Y