SRK Consulting contracted to Sonora Project

RNS Number : 5999H

Rare Earth Minerals PLC

17 March 2015

 

17 March 2015

Rare Earth Minerals Plc.

("Rare Earth Minerals", "REM" or "the Company")

UK based SRK Consulting contracted to the Sonora Lithium Project

Rare Earth Minerals Plc (AIM: REM) is pleased to announce that SRK Consulting (UK) Limited ("SRK") has been appointed as part of the engineering team to review and prepare an updated resource statement on the Sonora Lithium Project in northern Mexico, in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and the Joint Ore Reserve Committee ("JORC") guidelines.

This resource statement will form the basis for detailed mine design work required for the completion of the Sonora Project's pre-feasibility study and will be used in negotiations with potential project partners and potential lithium off-take partners. 

David Lenigas, The Company's Chairman, commented;

"SRK's appointment as part of the team of internationally recognised consultants is important to the further development of the Sonora Lithium Project and their experience in the lithium sector will be invaluable as this exciting project advances."

"The recently reported drilling success on the Sonora Lithium Project should result in further increases to the already reported indicated mineral resource 3.28 million tonnes LCE, and we look forward to updating the market which could be as early as the end of April 2015."

- Ends -

For further information please contact: 

Rare Earth Minerals plc                                                                   [phone]

David Lenigas

Kiran Morzaria

WH Ireland Limited (NOMAD & Broker)                                        [phone]

James Joyce

Mark Leonard

Square1 Consulting                                                                         [phone]

David Bick

Mark Longson                                                            

 

END

 

 

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