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Tantalus Rare Earths AG: NI 43-101 Technical Report and updated Resource Estimate by SGS published (news with additional features)

DGAP-News: Tantalus Rare Earths AG / Key word(s): Study
results/Research Update
Tantalus Rare Earths AG: NI 43-101 Technical Report and updated
Resource Estimate by SGS published (news with additional features)

17.12.2014 / 09:00

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Press Release

Tantalus Rare Earths AG: NI 43-101 Technical Report and updated Resource
Estimate by SGS published
- Describes the significant developments taken in the past 18 months and
illustrates the commercial potential for the project

- Expansion of exploration area and higher average grade result in a
significant upgrade of the resource

- Contained Total Rare Earths Oxides (TREO) are

- Measured 39,092 tonnes with an average grade of 975 ppm

- Indicated 138,292 tonnes with an average grade of 878 ppm

- Inferred 384,552 tonnes with an average grade of 894 ppm

- The previous resource statement from April 2013 showed only an Inferred
Mineral Resource of 348,000 tonnes of TREO and an average TREO grade of
800 ppm

- In various pitting campaigns in the exploration area 30,059 clay
samples have been taken and tested

- The information confirms that the Tantalus project in Madagascar is one
of the largest ionic clay type rare earths deposits in the world and
one of the most advanced located outside of China

Grünwald, Germany, 17 December, 2014 - The Technical Report and updated
Resource Estimate published clearly shows the significant developments
taken in the past 18 months of the Tantalus Rare Earths AG (ISIN
DE000A1MMFF4) project in Madagascar. In addition, it illustrates the
commercial potential for the project. Based on the exploration work made in
2013 Tantalus' resource estimate made by acknowledged testing and
consulting group SGS Canada shows a TREO content of Measured Resources
39,092 tonnes, Indicated 138,292 tonnes and Inferred 384,552 tonnes. The
average REO grade is approx. 900 ppm. A grid spacing of at least 50 m x 50
m corresponds to Measured Resources. A grid spacing of at least 200 m x 200
m corresponds to Indicated Resources. A grid spacing of at least 500 m x
500 m corresponds to Inferred Resources. For further details see annex on
page 4.
The new resource estimate by SGS represents a significant upgrade to the
previous resource statement, which showed a TREO content of 348'000 tonnes
and an average TREO grade of 800 ppm.

The cut-off grade used in the report is 200 ppm TREO excluding Cerium and
Lanthanum for areas sloping greater than 5 degrees and 320 ppm for flat
areas. The cut-off values are consistent with published values from the