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Last €0.0090 EUR
Change Today 0.00 / 0.00%
Volume 0.0
As of 2:06 AM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

rare earth minerals ltd (2RE) Snapshot

Open
€0.0090
Previous Close
€0.0090
Day High
€0.0090
Day Low
€0.0090
52 Week High
07/22/14 - €0.04
52 Week Low
03/31/14 - €0.0030
Market Cap
61.3M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
6.8B
EX-Date
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P/E TM
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Dividend
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Dividend Yield
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Current Stock Chart for RARE EARTH MINERALS LTD (2RE)

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rare earth minerals ltd (2RE) Details

Rare Earth Minerals plc acquires, explores for, and develops rare earth minerals, and/or metals projects and assets. The company primarily owns a 30% interest in the Fleur – El Sauz lithium project that covers an area of approximately 34 square kilometers in Mexico. It also holds interest in various projects located in Greenland and Western Australia. The company was formerly known as Zest Group plc and changed its name to Rare Earth Minerals plc in November 2010. Rare Earth Minerals plc was incorporated in 2004 and is based in London, the United Kingdom.

3 Employees
Last Reported Date: 03/14/14
Founded in 2004

rare earth minerals ltd (2RE) Top Compensated Officers

Executive Chairman, Member of Remuneration Co...
Total Annual Compensation: 92.0K GBP
Finance Director, Secretary, Executive Direct...
Total Annual Compensation: 60.0K GBP
Compensation as of Fiscal Year 2013.

rare earth minerals ltd (2RE) Key Developments

Rare Earth Minerals plc Provides Sonora Lithium Project Update

Rare Earth Minerals plc announced the initial results from the successful drilling campaign on La Ventana, and the intersection of a new lithium target on El Sauz /Fleur. The programme on La Ventana was primarily in-fill drilling which will be utilised to increase confidence in the current mineral resources. In addition a hole drilled to identify possible resource expansion targets to the west of the current delineated ore bodies on Ventana and El Sauz /Fleur, successfully intersected at shallow depth two clay beds of 7.8 metres and 38.7 metres respectively.

Bacanora Minerals Ltd. Provides an Update of Activities on La Ventana Concession

Bacanora Minerals Ltd. provided an update of activities on its wholly owned La Ventana concession as well as on concessions held by Mexilit S.A. de C.V. and Megalit S.A. de C.V., companies owned 70% by Bacanora and 30% by Rare Earth Minerals PLC in Sonora, Mexico. A total of 2,100 metres have been drilled in 14 in-fill holes on La Ventana, a further nine holes remain to be drilled in the ongoing program. Intercepts of the Upper Clay range from 26.1 to 50.8 metres in length and those for the Lower Clay range from 12.98 to 22.5 metres on La Ventana. Analyses received for the first three holes indicate that weighted averages for lithium content in the Upper Clay Unit varies from 955 ppm over 41.6 metres (hole LV-19) to 2,264 ppm Li over 7.75 metres (hole LV-21); for the Lower Clay Unit lithium content varies from 1,618 ppm over 23.84 metres to 2,649 ppm over 12.80 metres. Individual 1.5 metre long samples of clay range up to 5,130 ppm Li.

Rare Earth Minerals plc Announces the Drilling Results of the Sonora Lithium Project

Rare Earth Minerals Plc announced the results of the successful drilling campaign on the southern 3 km of an estimated 6 km strike extent of lithium bearing clays on the Buenavista Project (Buenavista). The exploration programme targeted a new and previously untested deposit type in the Sonora Lithium Project, which is thought to be of fluvial origin and eroded from a primary lithium source, as opposed to the types of deposits previously drilled at the Sonora Lithium Project in northern Mexico. The results confirm significant thicknesses of lithium bearing clays, very close to surface, at greater than 1,000 ppm Lithium values. Highlights of drill results: 24 reverse circulation holes tested approximately half of the 6 km strike length of the lithium-bearing clays exposed at Buenavista. The lithium-bearing clays outcrop at surface and dip gently to the east, providing a target for potential open pit mining with a minimal strip ratio. Significant lithium values (i.e. greater than 1,000 ppm Li) were found in 13 of the 24 holes. Of those 13 holes, 11 reported significant thicknesses and grades of lithium-bearing clays. Lithium values of individual 1.0 metre samples, within the significant intervals, range from 336 to 2,210 ppm Li. These drilling results along with other geological data are currently being reviewed to determine if further drilling is required in the northern portion of the deposit. Once this drilling is completed it is anticipated that a NI41-101 resource statement would be prepared on Buenavista.

 

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