The Nechalacho Rare Earth Element Project located at Thor Lake, Northwest Territories, is Avalon's 100% owned flagship project and is recognized internationally for its exceptional wealth of heavy rare earth elements. To view the project Fact Sheet, click here.
As of May 2012, over C$57 million and 85,240 metres of drilling has been completed in exploring and developing the property. With the resource estimation update released in July 2012, estimated Measured Mineral Resources in the Basal Zone are 8.90 million tonnes, grading 1.64% TREO and 21.7% HREO/TREO, using the base case $260/tonne NMR cut-off. At the $400/tonne NMR cut-off there are an estimated 8.42 tonnes of Measured Mineral Resources grading 1.69% TREO and 21.82% HREO/TREO. Indicated Mineral Resources in the Basal Zone are an estimated 63.76 million tonnes grading 1.52% TREO and 21.41% HREO/TREO at the $260/tonne NMR base case cut-off.
Avalon has taken a multi-dimensional approach in terms of the environment and working with local communities, and in 2010, Avalon received PDAC's 2010 Environmental and Social Responsibility Award. Three different MOU’s were signed with the Akaitcho First Nations in 2011 leading to a future cooperative partnership of the Nechalacho deposit. In June 2012 Avalon entered into an Accomodation Agreement with the Deninu K'ue First Nation.
The definitions that follow are acronyms used throughout the Thor Lake Project section. The list is to aid in reading and understanding the technical content of our website:
REE = rare earth elements, lanthanum to lutetium by atomic weight plus yttrium
LREE = light rare earth elements, lanthanum to samarium by atomic weight
HREE = heavy rare earth elements, europium to lutetium plus yttrium
TREO = rare earth elements, calculated as oxides, including lanthanum to lutetium plus yttrium
HREO = heavy rare earth elements, as per HREE above, calculated as oxides
LREO = light rare earth elements, as per LREE above, calculated as oxides
NMR = net metallurgical return
Reports and Tables
The following reports and tables will further augment the reader's understanding of the technical details of the Project.