TORONTO, June 18, 2014 /CNW/ - Frontier Rare Earths Limited (TSX: FRO)
(US:FREFF) ("Frontier") is pleased to announce that it has delivered a
presentation at the inaugural International Conference on Rare Earth
Resources and Markets in Guangzhou, China at the invitation of the
Association of China Rare Earth Industry ("ACREI"), the organiser of
Frontier was one of the few western companies invited to participate in
this important event, which was attended by over 300 of China's leading
rare earth industry professionals and government representatives.
Frontier's Chief Executive Officer, James Kenny, was invited by
Rongzhang Ma, Secretary General of ACREI, to moderate the opening
session of the conference and later presented an overview of Frontier's
Zandkopsdrift rare earth project in South Africa.
The theme of this year's conference focused on establishing an exchange
and co-operation platform for rare earth production, application and
trading enterprises, and to promote the healthy and sustainable
development of the rare earth industry.
A copy of Frontier's corporate presentation can be found at www.frontierrareearths.com.
The Association of China Rare Earth Industry, a non-profit organization,
was founded in 2012. The mission of ACREI is to promote international
cooperation and contribute to the sustainable development of China's
rare earth industry. Members include all types of companies associated
with China's rare earth industry, including those involved in mining,
processing, separation, and metal and alloy making, among others.
About Frontier Rare Earths Limited (TSX: FRO US: FREFF)
Frontier Rare Earths Limited (www.frontierrareearths.com) is a mineral exploration and development company principally focused
on the development of rare earths projects in Africa. Frontier's
flagship asset is the Zandkopsdrift rare earth project, which is
located in the Northern Cape Province of South Africa and is one of the
largest, highest grade undeveloped rare earth deposits worldwide.
Frontier has a direct 64% interest and an 85% economic interest in
Zandkopsdrift following the acquisition by its strategic partner Korea
Resources Corporation of an initial 10% interest in Zandkopsdrift. In
March 2012 Frontier filed a Preliminary Economic Assessment ("PEA") on
the Zandkopsdrift project prepared in accordance with National
Instrument 43-101. The results of the PEA indicated that the proposed
development of the Zandkopsdrift Project is both technically feasible
and economically robust with a low risk profile. In conjunction with
the PEA a mineral resource estimate for Zandkopsdrift confirmed 42.5m
tonnes at an average grade of 2.23% containing approximately 940,000
tonnes total rare earth oxides (applying a 1% cut-off) and with 78% of
the mineral resource in the indicated category. Mineral resources that
are not mineral reserves do not have demonstrated economic viability.
Fiona Harper, Pr.Sci.Nat, was the independent qualified person from
Venmyn Rand (Pty) Ltd. responsible for the PEA. For additional quality
assurance program and the quality control measures applied, as well as
other relevant technical information in respect of the Zandkopsdrift
project, please refer to our technical report entitled "Amended
Independent Technical Report on the Results of a Preliminary Economic
Assessment of Frontier Rare Earths Limited's Zandkopsdrift Rare Earths
Project, Located in the Northern Cape Province Of South Africa", dated
March 30, 2012, which is available on SEDAR at www.sedar.com.
Frontier is listed on the main board of the Toronto Stock Exchange and
currently has 89,562,781 shares outstanding. Frontier is well funded,
with approximately $32 million in cash and no debt, and this strong
cash position is expected to be sufficient to fully fund the completion
of Prefeasibility and Definitive Feasibility Studies on Zandkopsdrift
and work on Frontier's other proposed exploration and development
SOURCE: Frontier Rare Earths Ltd.
For further information:
e-mail the Company at IR@frontierrareearths.com or contact +352 208 80249.