Kamis, 27 November 2014

TRE Project

The TRE Project is an exploration project currently underway on the concession area, comprising rare earth- tantalum-niobium-zirconium-hafnium enriched dykes, sills and argillaceous laterites. The exploration programme aims to define the primary (vein/skarn hosted) and secondary (argillaceous laterites) mineralisation present on the concession towards a National Instrument 43-101 compliant mineral resource estimate and support a detailed feasibility study towards mine development and production.

The concession itself covers an area of 300 km2 and is situated on the eastern half of the Ampasindava Peninsula in the Antsiranana Province of northern Madagascar, approximately 40km south-west of the regional administrative centre, Ambanja.

The closest international airport to the concession is located on the nearby island of Nosy Be, which is also the location of the nearest major operating port. The RN6 national highway intersects the south-east perimeter of the concession.

TRE AG has identified six target areas, covering most of the south-eastern intrusive complex. Three target areas for bedrock hosted mineralisation were identified by an airborne radiometric and magnetic survey in 2008 and a subsequent outcrop survey in 2009. All six targets are believed to be overlain by secondary REE mineralisation hosted by argillaceous laterites.

The exploration programme has evolved over the first half of 2011 to include both the bedrock and argillaceous laterites following recent results of preliminary exploration work undertaken on the large argillaceous laterite occurrences overlying the three anomalous zones, which returned potentially economic grades of rare earth elements and a relatively high percentage of valuable heavy rare earth elements. First indications, including a reconnaissance soil geochemical survey of the central part of the south-eastern intrusion, and subsequent pitting, suggest that these argillaceous laterites may appear over wide parts of the concession, although this is still subject to much more detailed exploration.

The Group´s geologists believe these argillaceous laterites are potentially comparable to the REE bearing clays mined in southern China.

Resource delineation drilling which began in 2010 is now at an advanced stage at Target 1. TRE AG intends to continue its exploration programme to prove up the bedrock in Target 1, 2 and 3 and the argillaceous laterites in Target areas 1 to 6.

The results, to date, from the drilling, trenching, and pitting indicate a relatively high ratio of the more valuable heavy rare earths, of 21% of total rare earth oxides and low levels of uranium and thorium content. The low levels of uranium and thorium are encouraging as it reduces the risk of future environmental problems that have been known to hinder the economic development of similar projects.

The Group expects that the next stage of the exploration programme will be to investigate and sample the more remote areas of the concession.

The Group is also working with independent contractors on the metallurgy and the mineralogy of the various ore types.

Further information on the TRE Project and concession area can be found in the Competent Person's Reports. The TRE project - Project Location Map

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