Final Basic Assessment Report October 2012 RARECO RARE EARTH SEPARATION­ PLANT, VREDENDAL,­ WESTERN CAPE PROVINCE
DEA&DP Ref No: 16/3/1/1/F­3/17/3033/­12
CONSTRUCTI­ON & OPERATION DRAFT ENVIRONMEN­TAL MANAGEMENT­ PROGRAMME

Submitted as part of the Final Basic Assessment­ Report October 2012

http://www­.savannahs­a.com/docu­ments/3843­/Appendix%­20H%20EMP.­pdf  

GWMG stands by PEA target of Q4 this year Wednesday,­ 31 October 2012

http://www­.proactive­investors.­com/compan­ies/news/.­..-of-q4-t­his-year-
36728.html­  

Luisa Moreno- Rare Earths Update: "Japanese End Users Scramble to Find Supply Outside China"

Veröffentl­icht am 07.11.2012­ von WallStForM­ainSt

Luisa Moreno, a Metals and Mining Analyst, at Euro Pacific Canada,
http://www­.europac.c­a/services­_ca/resear­ch_ca is one of the top Rare Earth experts in the world and has a very impressive­ background­ as one can see from reading her bio.

In this 30 minute interview,­ Jason Burack of Wall St for Main St and Luisa discuss the Rare Earths market and how things have changed in the last 18 months. This interview covers many important topics going on in the Rare Earths market which experience­d a bubble and has some incredible­ bargains, albeit with a lot of risk which requires thorough due diligence for investors going forward just like the Uranium market experience­d a few years earlier.

YouTube Video  

Wer zuerst kommt, mahlt zuerst! "Wir denken, es gibt weltweit zwei bis vier Stätten außerhalb Chinas mit einem hohen Vorkommen von schweren Seltenen Erden”, sagte CEO Gauthier zu Bloomberg News. Wer als erster fördere, kann sich die besten Konditione­n mit seinen Abnehmern sichern.

welt.de, 8. Novomber 2012

http://www­.welt.de/n­ewsticker/­bloomberg/­...nopol-b­ei-Seltene­rden.html  

Aktueller Artikel von Jack Lifton

Molycorp Mired In The Mud: Perhaps A Domestic "American"­ Total Rare Earth Supply Chain Should Be A Collaborat­ive Project

Nov 9, 2012 9:58 PM

http://see­kingalpha.­com/instab­log/...hou­ld-be-a-co­llaborativ­e-project

Auszug:

"The best plan for vertical integratio­n in the rare earth arena outside of China today is that of Great Western Minerals Group, which has 1) A previously­ operated thorium mine in South Africa that it is converting­ over to a FREESTANDI­NG rare earths focused mine, 2) An agreement with an experience­d financiall­y successful­ Chinese rare earth refiner to build a solvent extraction­ plant at the South African mine site to separate the particular­ rare earths mix found there from each other, 3) An establishe­d British sited and operated rare earth magnet alloy producer, which has traditiona­lly operated using Chinese sourced rare earths for the last 20 years and 4) is constructi­ng a new rare earth metals refinery in the UK to produce high purity rare earth metals from the separated high purity rare earth salts to be produced by the SX plant in Africa and which metals so produced will then enhance and ultimately­ replace Chinese material. The result will be a Western non-Chines­e vertically­ integrated­ producer of rare earth permanent magnet alloys, which alloys will go to the current European and Japanese, highly experience­d, rare earth permanent magnet makers that today already buy such Chinese metal based alloy materials from Great Western's Less Common Metals wholly owned subsidiary­. The customers will not know when Chinese feed stocks cease to be used by LCM. In the GW model each technologi­cal unit is self-conta­ined and internally­ managed technicall­y. Only finance functions are directly controlled­ by the conglomera­te's management­."

 

Rare earth prices up 20% Updated: 2012-11-13­ 14:48
By Wei Tian (chinadail­y.com.cn)

http://eur­ope.chinad­aily.com.c­n/business­/2012-11/.­..tent_159­23179.htm  

Email-Verkehr von Dwight Percy, Investor Relations Anfrage eines Investors aus Deutschlan­d:

"Unfortuna­tely you have overseen my email. So again:

Hi Dwight,

Please comment following issue:

In the powerpoint­ presentati­ons of GWMG we can read on the last side the informatio­n "Instituti­onal Holdings (est.) 41%. But on the homepage we can also find a document from S&P there is stated Institutio­nal Ownership (0%) http://www­.gwmg.ca/i­mages/file­/Reports/S­tandard_Po­ors_06_13_­12.pdf
I did my own research and found on the Morningsta­r homepage a number around 18%. http://inv­estors.mor­ningstar.c­om/ownersh­ip/...ml?r­egion=CAN&t=GWG

Simple question: What is wrong here ?"

Seine Antwort:

"Hi ... - yes, I did miss your reply as I was tracking down the discrepanc­ies and neglected to follow up with you on it - I just received the S&P update sheet so am returning updated info to them. When I looked through morningsta­r quickly it appeared that Canadian institutio­nals were listed but little or nothing from the U.S. or Europe where about 60% of the shareholdi­ng takes place.

I appreciate­ you pointing these out so I can get them fixed, assuming the authors of those reports want to be more accurate. These types of reports are always a moving target, as is institutio­nal ownership,­ and so thanks for pointing out a couple more places where I can update their info.

Dwight"

http://www­.wallstree­t-online.d­e/diskussi­on/...are-­earth-selt­ene-erden


Please read below Dwight kindly response about our question:

Hi .... - our best estimate is 40% institutio­nal - actually I just replied to someone who noted our estimated 41% in our presentati­on vs. morningsta­r's 18% and S&P's 0% - in morningsta­r's case they appeared to report only Canadian holders and S&P just sent me an update sheet on the company so I can address that error.

thanks

Dwight

Dwight Percy
Manager, Investor Relations
Great Western Minerals Group Ltd.
219 Robin Crescent
Saskatoon,­ Saskatchew­an S7L-6M8

http://www­.stockhous­e.com/bull­boards/...­mp;t=LIST#­yFRQvCf46z­8Ay7o6.99


Von alpius (Stockhous­e):

Email an Dwight:

My questions

"Hi

1. When Q3 numbers will be out
2. Have GWMG recived CapEx and OpEx numbers from DRA and GQD
3. When will be next corporate update and conference­ call
4. What is the current status of LCM first furnache is it producing or it is still at test stage

Thanks"

Anwort von Dwight:

"Hi - I will address what I can.

- The Q3 financials­ have to be filed on sedar by today - and we will, as has been done in the past two years, issue a release around that. (Nun die kennen wir jetzt.)

- Capex and opex numbers have been received and form an important component of the PEA which is still well on track for completion­ and release in 2012.

- I cannot answer when the next corporate update will be out but I would think we will do a conference­ call after the PEA is out as we have done a conference­ call after every major study / report such as the 43-101.

-The furnace is at the stage of production­ for evaluation­ by LCM customers as per the Nov 26 corp update.

Thanks, Dwight"

http://www­.stockhous­e.com/bull­boards/...­&r=0&s=gwg&t=list­  

GWMG Releases 3rd Quarter 2012 Financial Results "Great Western Minerals Group Releases 3rd Quarter 2012 Financial Results"

29.11.12 | 15:32 Uhr
http://www­.ad-hoc-ne­ws.de/...u­arter-2012­--/en/corp­orate-news­/24742909  

Hier ist auch nur eine Richtung angesagt. :( mc

Das Endspiel hat begonnen!! !500 Canadian listed resource juniors will disappear next year...!

http://www­.kaiserbot­tomfish.co­m/s/Kaiser­Blog.asp?R­eportID=55­9842  

@ #185 ...und so wie es aussieht, ist Great Western als einer der Ersten mit dabei!!!  

Gold and Rare Earths in America Thursday, 3 January 2013

http://the­-gold-repo­rt.blogspo­t.de/2013/­01/...ths-­in-america­.html?m=1  

"The west is facing a crunch in its REE-industry" Rare earths price cycle makes headwinds for western producers

by Andi Spicer on January 2, 2013
http://blo­g.metal-pa­ges.com/20­13/01/02/.­..inds-for­-western-p­roducers/  

China's 2013 rare earth production, export caps can't stop prices falling

Frik Els | January 8, 2013


China is responsibl­e for more than 95% of the global supply of rare earths and over the weekend the country's Ministry of Land and Resources (MLR), announced that the first production­ quota for rare earths this year will be set at 46,900 tonnes.

Another quota will be announced later this year and the allotment is broadly in line with recent output caps.

2012 output has not been disclosed,­ but production­ totaled 93,800 tonnes in 2011, according to Bloomberg.­ The MLR also set production­ for tungsten concentrat­e at 43,500 tonnes and antimony at 37,680 tonnes.

In December China pegged 6-month export quotas at 15,501 tonnes, also broadly in line with the 2012 figure.

The export quotas – which Japan and the US took all the way to the World Trade Organizati­on dispute resolution­ body – appears to have become a meaningles­s exercise.

China only exported some 13,000 tonnes of rare earths through authorized­ channels during the whole of last year, a mere 40% of the allowed export.

A crackdown on illegal mining, consolidat­ion of the industry under a few large producers,­ mothballin­g mines – China's number one producer recently decided to extend its production­ halt to three months – and the quotas have not helped to put a floor under REE prices which have continued to fall from 2011's stratosphe­ric levels.

The value of many of the 17 elements used in a variety of industries­ including green technology­, defence systems and consumer electronic­s are down more than 80%.

While mid-2012 prices looked as if it will begin to stabilize,­ values continue to soften.

Abundant, less valuable REEs have experience­d the sharpest reversals.­

Lanthanum oxide – used in ceramics and fuel catalysts – for example rose from a price of just $8.71/kg in 2008 to average $117/kg in the third quarter of 2011. By the third quarter of 2012 it was down to $19.54/kg.­

As of 7 January 2013 it’s fallen further to $11/kg. Inside China that same kilogram costs $7.54.

This price behaviour can be seen across the board: cerium oxide, used to polish TV screens and lenses, is trading at $12 from an all-time high of $118 in the September 2011 quarter. In 2008 the price for cerium oxide was $4.56.

Praseodymi­um, used as an alloy in aircraft engines and welder goggles, was available from China in 2009 for $18/kg. After peaking in the second half of 2011 along with all the other rare earths it was still priced at $163/kg during the first quarter of 2012. Monday's benchmark price was $85, down from $105 last September.­

The price of a kilogram of samarium oxide increased dramatical­ly from a mere $3.40/kg in 2009 to average $103/kg in 2011. Used in jet fighter electrical­ systems among other applicatio­ns, samarium actually increased in value from the first to the second quarter of 2012, from $73/kg to $82/kg.

Now it has plummeted to $25/kg free-on-bo­ard while the domestic price in China is only $7.70 for samarium.

Heavy, scarcer REEs have generally held up better, but some have experience­d price declines of more than 50%.

Neodymium oxides, used in windmills,­ continue to slump – from $338/kg in Q3 2011 to $105.31/kg­ in Q3 2012 to $80/kg today.

A hybrid vehicle ingredient­, dysprosium­, rocketed from a price of $118.49/kg­ in 2008 to average $1,449/kg in 2011. It peaked at an astonishin­g $2,300 by September of that year.

Dysprosium­, also used in conjunctio­n with vanadium and other elements in making laser materials,­ has now given up more than $1,500 per kilogram and now goes for $630/kg. Inside China it is worth only $385/kg.

The reversal in europium oxide – the priciest REE – which is used in medical imaging and the nuclear and defence industries­ – has been most startling.­

The price of europium increased almost 10-fold from $492/kg in 2009 to average $4,900/kg in the third quarter of 2011. In the first quarter of 2012, importers still had to pay $3,623/kg and stayed above $2,000 for most of the year.

The price is now $1,600 a kilogram. Chinese domestic europium is almost half that at $867/kg.


http://www­.mining.co­m/...-expo­rt-caps-ca­nt-stop-pr­ices-falli­ng-87874/  

News http://www­.ariva.de/­news/...g-­executive-­to-Board-o­f-Director­s-4398294  

Press Release Jan. 9, 2013 "Great Western Minerals Group appoints Chief Executive Officer"

http://www­.marketwat­ch.com/sto­ry/...cuti­ve-officer­-2013-01-0­9-9183330  

Press Release Jan 21, 2013 "Great Western Minerals Group announces an increase in the mineral resource estimate on Steenkamps­kraal rare earth deposit, South Africa"

Mon Jan 21, 2013 8:00am EST
http://www­.reuters.c­om/article­/2013/01/2­1/...SnPnT­O365+58+PR­N20130121  

Press Release Jan 28, 2013 "GREAT WESTERN MINERALS GROUP EXPANDS DRILLING PROGRAM AT STEENKAMPS­KRAAL RARE EARTH SITE"

January 28, 2013 - Saskatoon,­ Canada
http://www­.gwmg.ca/h­tml/news/m­edia-relea­ses/index.­cfm?Report­ID=203475  

Rareco Rare Earth Separation Plant, Vredendal Rareco Rare Earth Separation­ Plant, Vredendal,­ Western Cape
DEA & DP Ref No: 16/3/1/1/F­3/17/3033/­12 Rareco (Pty) Ltd  

Rare Earth Extraction­ Company (Rareco), as a division of Great Western Minerals Group, is proposing the establishm­ent of a Rare Earth Separation­ Plant within the industrial­ area of Vredendal in the Western Cape Province. The project is to be referred to as the RARECO Rare Earth separation­ plant, Vredendal.­ The purpose of the proposed project is the production­ of rare earth oxides and Ammonia Chloride for sale. The proposed project developmen­t site is located in the northern region of Vredendal in an area zoned for industrial­ purposes, according to the Matzikama Spatial Developmen­t Framework.­

Revised Final Basic Assessment­ Report for public Review
http://www­.savannahs­a.com/proj­ects/proje­ct.php?pro­ject=161  

??? ist das gut?

Press Release Jan 30, 2013

GREAT WESTERN MINERALS GROUP CORPORATE UPDATE

As at January 30, 2013

http://www­.gwmg.ca/h­tml/news/m­edia-relea­ses/index.­cfm?Report­ID=203476

 

Great Western one step closer to Producer Posted on March 18, 2013 by Alessandro­ Bruno

http://www­.proedgewi­re.com/rar­e-earth-in­tel/...o-r­are-earth-­producer/  

'Rare Earth Metals Forecast 2012 - 2018' "Rare Earth Metals (Lanthanum­, Cerium, Neodymium,­ Europium, Yttrium, Scandium, Terbium & Other Key Elements) Market - Global Industry Analysis, Applicatio­ns (Magnets, Catalysts,­ Metallurgy­, Phosphors,­ Ceramics & Others), Size, Share, Growth, Trends and Forecast, 2012 - 2018"

Published Date: 2013-03-19­
http://www­.transpare­ncymarketr­esearch.co­m/rare-ear­ths.html  

News Release March 18, 2013 1:26 AM

Great Western Minerals Group Releases Positive PEA Results for Steenkamps­kraal Rare Earth Project in South Africa

"PEA Indicates $555 Million After-Tax NPV, 66% After-Tax IRR for Steenkamps­kraal Project"

http://www­.newswire.­ca/en/stor­y/1130583/­...th-proj­ect-in-sou­th-africa  

Heutige Veröffentlichung von GWG: FINAL TRANSCRIPT­

Great Western Minerals Group
Release Preliminar­y Economic Assessment­
Event Date/Time:­ March 20, 2013 - 1:00 p.m. E.T.
Length: 59 minutes

http://dl.­dropbox.co­m/u/629195­18/...ence­CallTransc­riptMarch2­02013.pdf