TSXV: CCE | FSE: D7H0 | OTC: CMRZF

Highlights

Ashram REE Deposit

  • Indicated: 73.2 million tonnes (Mt) grading 1.89% TREO (Total Rare Earth Oxide) and 6.6% CaF₂ (calcium fluoride).
  • Inferred*: 131.1 Mt grading 1.91% TREO and 4.0% CaF₂.
  • NdPr oxide represents 21.2% of TREO (indicated) and 21.4% of TREO (inferred). (Nd2O3 + Pr2O3) / TREO.

Recognized as one of the largest monazite-mineralized carbonatite REE deposits in the world.

  • Demonstrates exceptional enrichment in high-value REEs, particularly neodymium (Nd) and praseodymium (Pr), critical for permanent magnets used in clean energy technologies
  • These distributions exceed those of several global producers, adding significant strategic and economic value.
  • Enriched concentrations of Dy and Tb, which are essential for advanced magnet applications.

* Mineral resources are not mineral reserves as they have not demonstrated economic viability. The quantity and grade of reported inferred Resources are uncertain in nature and there has been insufficient exploration to define these inferred Resources as Indicated or Measured. 

Australian Stock Exchange listing pending.

TSXV: CCE | FSE: D7H0 | OTC: CMRZF

Highlights

Ashram REE Deposit

  • Indicated: 73.2 million tonnes (Mt) grading 1.89% TREO (Total Rare Earth Oxide) and 6.6% CaF₂ (calcium fluoride).
  • Inferred *: 131.1 Mt grading 1.91% TREO and 4.0% CaF₂.
  • NdPr oxide represents 21.2% of TREO (indicated) and 21.4% of TREO (inferred *). (Nd2O3 + Pr2O3) / TREO.

Recognized as one of the largest monazite-mineralized carbonatite REE deposits in the world.

  • Demonstrates exceptional enrichment in high-value REEs, particularly neodymium (Nd) and praseodymium (Pr), critical for permanent magnets used in clean energy technologies
  • These distributions exceed those of several global producers, adding significant strategic and economic value.
  • Enriched concentrations of Dy and Tb, which are essential for advanced magnet applications.

* Mineral resources are not mineral reserves as they have not demonstrated economic viability. The quantity and grade of reported inferred Resources are uncertain in nature and there has been insufficient exploration to define these inferred Resources as Indicated or Measured. 

Australian Stock Exchange listing pending.

TSXV: CCE | FSE: D7H0 | OTC: CMRZF

Highlights

Ashram REE Deposit

  • Indicated: 73.2 million tonnes (Mt) grading 1.89% TREO (Total Rare Earth Oxide) and 6.6% CaF₂ (calcium fluoride).
  • Inferred *: 131.1 Mt grading 1.91% TREO and 4.0% CaF₂.
  • NdPr oxide represents 21.2% of TREO (indicated) and 21.4% of TREO (inferred *). (Nd2O3 + Pr2O3) / TREO.

Recognized as one of the largest monazite-mineralized carbonatite REE deposits in the world.

  • Demonstrates exceptional enrichment in high-value REEs, particularly neodymium (Nd) and praseodymium (Pr), critical for permanent magnets used in clean energy technologies
  • These distributions exceed those of several global producers, adding significant strategic and economic value.
  • Enriched concentrations of Dy and Tb, which are essential for advanced magnet applications.

* Mineral resources are not mineral reserves as they have not demonstrated economic viability. The quantity and grade of reported inferred Resources are uncertain in nature and there has been insufficient exploration to define these inferred Resources as Indicated or Measured. 

Australian Stock Exchange listing pending.

Niobium Potential at Eldor Property

Significant niobium mineralization is adjacent to the Ashram Deposit. New high-grade discoveries have also been made at Knox, Spoke, and Moira prospects, all of which remain open in multiple directions.

  • Summer 2024 drill program: Total 29 NQ-sized holes for a total of 8,253m of drilling
  • Recent drilling at Mallard and Miranna prospects continue to deliver high-grade results
  • Hole EC24-208 (Mallard): Intersected 122.5 meters averaging 0.62% Nb₂O₅ from near surface, including higher-grade intervals of 12.0 meters at 0.82% Nb₂O₅ and 7.5 meters at 1.01% Nb₂O₅.
  • Hole EC24-215 (Miranna): Reported 35.7 meters at 0.67% Nb₂O₅ within a broader zone of 65.7 m at 0.53% Nb₂O₅.

Preliminary Economic Assessment (PEA)

The company is in the process of updating its Preliminary Economic Assessment (PEA) for the Ashram Deposit, with completion scheduled for Q2 2025.

  • This update is expected to incorporate recent advancements in processing techniques and resource estimates, potentially enhancing the project’s economic viability.
  • The PEA focuses on enhancing project economics with a detailed cost analysis and operational strategy, ensuring optimal resource utilization.
  • It includes findings from environmental baseline studies and technical assessments by multiple specialized consultants to achieve a cost accuracy of +/-35%.

Processing Capabilities

Processing efficiencies could significantly reduce the cost of downstream refining and increase the project’s commercial viability making it more economical.

  • Streamlined flotation process flow sheet tested in the laboratory, achieving high-grade rare earth concentrates (36-37% REO) with recovery rates of 65-68%.
  • The high-grade mineral concentrate is anticipated to reduce the scale of downstream hydrometallurgical processing, leading to lower capital and operating expenses.
  • These results are favorable compared to historical and current hard rock global rare earth producers, where 30% REO is typically the lowest grade concentrate produced.
  • Processing focuses on maximizing the value of high-demand REEs such as neodymium (Nd) and praseodymium (Pr), critical for magnet manufacturing.

The company has delivered samples of its Mixed Rare Earth Carbonate (MREC) to global processors, including Solvay and Ucore Rare Metals, with strong market interest in its products.

Forward Looking Statements

The information contained herein is provided by the management of Commerce Resources Corp. This document does not constitute the solicitation of the purchase or sale of securities. Except for the historical information contained herein, the matters discussed in this document are forward-looking statements, the accuracy of which are subject to risks and uncertainties and should not be relied upon.

Find out more:

Visit Our Website
Download PDF
Sign Up For The Latest News & Updates!