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Avalon Rare Metals Inc.


WKN: A2AFJK | Symbol: AVL
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AVALON RARE METALS INC.
Corporate Profile

Avalon Rare Metals Inc. (AVL: TSX) is a Canadian junior mineral exploration and development company with a primary focus on the rare metals and minerals that are in increasing demand for environmentally-beneficial high technology applications. These include lithium, tantalum, cesium, indium, gallium, rare earth elements ("REE") such as neodymium, dysprosium and terbium and rare minerals such as calcium feldspar.

Avalon presently owns five rare metals and minerals projects in Canada, four of which are at an advanced stage of development. These are the Separation Rapids lithium minerals project, the Warren Township calcium feldspar project where bulk sampling programs are in progress, and the Thor Lake REE and the East Kemptville tin-indium-gallium-germanium projects, where large inferred resources have been identified requiring further drilling to bring the projects to the pre-feasibility stage.

Avalon has now clearly positioned itself in the marketplace as a unique junior resource company offering investors exposure to a broad range of rare metals and minerals that are now vital to a growing number of applications in electronics, automotive, aerospace, alternative energy and environmental protection. Specific examples include the strong demand for the REE´s terbium and europium because of their critical role in producing the colours in a flat panel display technology, indium and gallium in new solar energy panel technology and the REE´s neodymium, dysprosium and praseodymium used to make the super magnets that are critical to the technology behind the rapidly growing hybrid and electric car markets.

Demand for rare earth elements is soaring along with consumer demand for more fuel-efficient cars. A typical hybrid car contains over 30kg of rare earth elements and new sources of supply will be needed to meet the growing global demand, which currently is supplied almost entirely by China. At Thor Lake, Avalon owns one of the highest quality undeveloped REE deposits in the world, unique in its exceptional enrichment in the more valuable "heavy rare earths" such as europium, dysprosium and terbium .

Avalon´s strategy for growth is to develop its rare metals and minerals projects to production and cash flow, expand the markets for these materials and acquire additional compatible rare metals assets. Now well-financed with over $7 million in cash resources and a growing audience amongst institutional investors, Avalon is well-positioned to advance its priority projects and build substantial shareholder value as development milestones are achieved.

http://www.avalonventures.com/corporate/
Meinungen von "drüben":

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die z.B. so klingen: :eek:

Hold on for a Big Score!
freedom4561
5/29/2009 1:42:35 AM | | 258 reads | Post #27175482
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Recent comentary by John Kaiser puts owning and holding AVL into proper perspective for maximizing profits....

"A takeover bid in the $5-$10 range would not be a shabby outcome at all for bottom-fishers. But, as I mentioned earlier, rare earth oxides are not like gold. A gold producer cannot do anything with gold other than sell it into the market. But a rare earth producer can develop a downstream business where it adds value by turning rare earth oxides into alloys and specialized compounds for which end-users pay a premium.

In this regard Avalon starts looking a bit like a technology company on whose revenue potential it is not so easy to put a limit. The Thor Lake system is so large that it is not really a depleting asset in the manner of a typical precious or base metal deposit, but rather an endless supply of the key ingredient for substantially more valuable downstream products. It is this strategic upside potential which makes Avalon Rare Metals Inc such an unusual resource junior which bottom-fishers should hold for a very big score"
AVL wird primär an der TSE gehandelt. Hab gesehen, daß wohl auch Handel in Frankfurt und Berlin möglich ist. Allerdings ist in D nahezu Null Umsatz.

https://www.boerse-stuttgart.de/de/factsheet/aktien/boersen.…
NEWS RELEASE
February 3, 2009 No. 09-01
New 43-101 Resource Estimate confirms increased tonnage and grade for Lake Zone REE deposit, Thor Lake, NWT.
_________________________________
Avalon Ventures Ltd. TSX: AVL (“Avalon” or the “Company”) is pleased to announce the results of a new NI 43-101 estimate of rare earth element (“REE”) resources in the Lake Zone deposit, Thor Lake, NWT. prepared by independent consultant Wardrop Engineering Ltd. (‘Wardrop”). The new resource estimate is based on the drill holes completed by Avalon since 2007, plus four pre-2007 drill holes, re-analysed to include the full suite of Rare Earth Elements. The new resource estimate focuses on the Basal Zone which has produced the most attractive grades due to its enrichment in the more valuable heavy rare earths. The results are summarized below at a range of cut-off grades for each of the Basal Zone, the Upper Zone and the two sub-zones combined (Total):
ZONE
Resource
Cut‐off
Tonnes
TREO
HREO
H/T
Class
TREO (%)
(x1000)
(%)
(%)
(%)
Basal
IND
1.60
2,186
2.14
0.43
20.0%
Basal
IND
1.80
1,573
2.31
0.47
20.4%
Basal
IND
2.00
1,054
2.52
0.53
20.9%
Basal
IND
2.20
731
2.71
0.57
21.1%
ZONE
Resource
Cut‐off
Tonnes
TREO
HREO
H/T
Class
TREO (%)
(x1000)
(%)
(%)
(%)
Basal
INF
1.60
28,447
1.99
0.44
22.1%
Basal
INF
1.80
18,181
2.16
0.49
22.4%
Basal
INF
2.00
11,795
2.31
0.52
22.4%
Basal
INF
2.20
6,594
2.48
0.57
22.9%
ZONE
Resource
Cut‐off
Tonnes
TREO
HREO
H/T
Class
TREO (%)
(x1000)
(%)
(%)
(%)
Upper
IND
1.60
1,873
1.96
0.19
9.7%
Upper
IND
1.80
1,161
2.12
0.20
9.3%
Upper
IND
2.00
723
2.26
0.20
9.1%
Upper
IND
2.20
313
2.46
0.21
8.7%
2
ZONE
Resource
Cut‐off
Tonnes
TREO
HREO
H/T
Class
TREO (%)
(x1000)
(%)
(%)
(%)
Upper
INF
1.60
32,707
2.10
0.17
8.2%
Upper
INF
1.80
19,825
2.36
0.18
7.7%
Upper
INF
2.00
13,070
2.60
0.19
7.1%
Upper
INF
2.20
8,548
2.87
0.20
6.8%
ZONE
Resource
Cut‐off
Tonnes
TREO
HREO
H/T
Class
TREO (%)
(x1000)
(%)
(%)
(%)
TOTAL
IND
1.60
4,059
2.06
0.32
15.5%
TOTAL
IND
1.80
2,734
2.23
0.35
15.9%
TOTAL
IND
2.00
1,778
2.41
0.40
16.4%
TOTAL
IND
2.20
1,045
2.64
0.46
17.6%
ZONE
Resource
Cut‐off
Tonnes
TREO
HREO
H/T
Class
TREO (%)
(x1000)
(%)
(%)
(%)
TOTAL
INF
1.60
61,154
2.05
0.30
14.5%
TOTAL
INF
1.80
38,006
2.27
0.33
14.4%
TOTAL
INF
2.00
24,865
2.46
0.34
13.9%
TOTAL
INF
2.20
15,142
2.70
0.36
13.2%
*Notes:
1.
HREO (Heavy Rare Earth Oxides) is the total concentration of: Y2O3, Eu2O3, Gd2O3, Tb4O7,Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3 and Lu2O3.
2.
TREO (Total Rare Earth Oxides) is HREO plus: La2O3, Ce2O3, Pr6O11, Nd2O3 & Sm2O3
3.
Wardrop considers a 1.60% TREO cut-off grade to be a reasonable estimate of potentially economic resources, based on a preliminary estimate of operating costs of $197.00/tonne.
4.
To determine a recommended cut-off grade, Gross Metal Values (GMV) were calculated using 4 year average REE prices (where available) and assuming recoveries of: 74.6% for Y2O3 and 82.1% for all other rare earth elements. The metallurgical recoveries include both mineral processing (flotation) and hydrometallurgical recoveries. A 1.60 % TREO cut-off grade closely approximates a $200/tonne GMV.
5.
IND = Indicated, INF = Inferred, H/T = ratio of HREO to TREO expressed as percent.
Management considers the results encouraging for the following reasons:

Significantly higher grades of TREO and HREO are present in the Basal Zone at higher cut-off grades, which would potentially enable mining higher grade resources during initial years of operation.

The Basal Zone shows good lateral continuity and consistent enrichment in high value HREO at 20% to 22% of TREO.

The REE mineralization is open for expansion especially to the south, where some of the greatest thicknesses and highest grades have been intersected to date in the Basal Zone and where airborne magnetic data indicates potential for extensions.
3
This new mineral resource estimate confirms that potentially economic resources are present to justify commencing a prefeasibility study. However, considerable in-fill definition drilling will be required to increase the confidence level on a significant portion of the inferred resources to the indicated category. A Phase 3 drilling program is commencing this week to achieve this objective and further delineate the southern end of the deposit where some of the best grades and greatest thicknesses of REE mineralization have been intersected to date.
Further, it is observed that resource size is very sensitive to the cut-off grade applied, which is, in turn, very sensitive to metallurgical operating costs. For this exercise, Wardrop relied largely on the results of historical metallurgical testwork completed in 2002 mainly to determine tantalum recoveries. The Company is steadily advancing its own metallurgical studies at SGS Lakefield Research under the direction of John Goode, P.Eng. with the objective of developing a more cost-efficient and effective metallurgical flowsheet.
An REE market study is being carried out by Industrial Minerals Company of Australia Pty Ltd. of Perth, Australia to provide estimates of potential sales volumes, which will be used to provide guidance on sizing the operation. Initial results are expected in March, 2009. This study will also provide forecasts of future REE market demand and prices. This is a challenging exercise as the global REE market is very dynamic at the present time, with increasing supply constraints from China and rapidly growing demand for hybrid and electric cars and various other green energy technologies.
Finally, it is expected that work on a Prefeasibility study, including another resource model update, will commence in the second quarter once a preliminary metallurgical flow sheet has been defined and results from additional definition drilling become available. It is presently anticipated this study will be completed in the second half of 2009.
Commented President, Don Bubar, “We are very pleased with these initial results. While a large portion of the resource continues to be classified as inferred, we are confident that increasing the portion of indicated resources is purely a function of completing additional in-fill drilling and we are excited about the potential for expanding the higher grade part of the resource to the south.”
ESTIMATION METHODOLOGY
The resource estimate is based on the following parameters:

The number of drill holes utilized in the estimate were 93 holes totalling 17,582.5 metres of diamond drilling.

Mineralized outlines were defined using a combination of:
1.
geological logging of alteration and potentially REE bearing minerals
2.
logging using a Niton hand held XRF analyzer calibrated for REE
3.
assays on the drill core for all 14 REE plus yttrium.

The estimation method used ordinary kriging on blocks 10m by 10m by 5m high. Specific gravities as well as the grades for individual rare earth elements and associated elements were independently estimated for each block. The resource estimates were completed for the Basal Zone and for all material between the Basal Zone and surface (Upper zone)separately and then summed for the total estimate.
Search Radii
Samples Required
4
Pass
X
Y
Z
Min
Max
Max/dh
1
60
60
30
4
15
3
2
120
120
60
3
15
3
3
240
240
120
3
15
3

Samples were composited to a length of 2.5m, no capping was required.

The Rare Earth Oxide prices used to calculate the GMV were 4 year averages using data reported by Metal Pages (oxide basis, FOB China ) and tabulated below:
Element
Oxide
4-Yr Ave. US$/kg
Note
Yttrium
Y2O3
$8.74
1
Lanthanum
La2O3
$3.57
Cerium
Ce2O3
$2.43
Praesodymium
Pr2O3
$19.45
Neodymium
Nd2O3
$20.19
Samarium
Sm2O3
$3.33
Europium
Eu2O3
$321.52
Gadolinium
Gd2O3
$10.29
1
Terbium
Tb2O3
$507.42
Dysprosium
Dy2O3
$76.33
Holmium
Ho2O3
$25.50
2
Erbium
Er2O3
$55.00
2
Thulium
Tm2O3
$90.00
2
Ytterbium
Yb2O3
$25.00
2
Lutetium
Lu2O3
$500.00
2
1.
For Gd2O3, only 3 years of data was available from Metal-Pages and consequently, the 3 year average was used.
2.
For Ho2O3, Er2O3, Tm2O3, Yb2O3 and Lu2O3, no data was available from Metal-Pages and the prices were sourced directly from commercial sources within REE markets.

The grades of other potentially economic rare elements (Zirconium, Tantalum, Niobium, Hafnium, and Gallium) were estimated in the block model but were not assigned any economic value, as markets for these by-products have yet to be confirmed.

Rare earth recoveries and reagents’ consumption are largely based on metallurgical tests completed by SGS Minerals (then Lakefield Research) in 2002 as interpreted by Wardrop. Recoveries used were 74.6% for Y2O3 and 82.1% for all other rare earth elements including both mineral processing and hydrometallurgical recoveries.

Updated operating costs were estimated based on the 2007 NI 43-101 compliant Scoping Study (Preliminary Economic Assessment) estimates prepared by Wardrop.

The GMV cutoff grades were determined by using 1) the metal prices listed above, 2) the metal recoveries from the historic metallurgical tests and 3) estimated operating costs of $197/tonne for underground mining at an operating rate of 1200 tpd, milling and flotation to a REE concentrate and then hydrometallurgical treatment to recover individual REE. .

A 1.6 % TREO cut-off grade closely approximates a $200/tonne GMV.
5
COMPARISON WITH 2007 REPORTED RESOURCES
The resource estimate reported here can be compared with that from the May, 2007 Preliminary Economic Assessment on the Thor Lake Rare Metals Project, NWT, also prepared by Wardrop Engineering Ltd.
For the 2007 study, the yttrium oxide grade (Y2O3%) was utilized to establish potential cutoff grades as it was one of the few target elements for which there was systematic analytical data available. The 2007 estimate was based on the assumption of open pit mining and lower mineable grades, which in turn lowered the operating costs. Accordingly, the recommended resource in 2007 was based on 0.10% Y2O3 cutoff. The current scenario envisions underground mining via ramp access and room and pillar type mining methods,
For comparison purposes, the table below provided by Wardrop, summarizes the resources for the 0.10% Y2O3 (1000ppm) cutoff grade:
YEAR
ZONE
Resource
Cut-off
Tonnes
TREO
HREO
H/T
Ta2O5
Nb2O5
ZrO2
SG
Category
Y2O3 (%)
(%)
(%)
(%)
(%)
(%)
(%)
(t/m3)
2007
TOTAL
INF
0.100
14,005,000
1.23
N.D.
N.D.
0.025
0.330
1.730
2009
Upper
IND
0.100
1,381,000
1.57
0.24
15.4%
0.033
0.459
3.170
2.99
2009
Upper
INF
0.100
16,667,000
1.58
0.25
15.8%
0.028
0.384
2.799
2.89
2009
Basal
IND
0.100
3,519,000
1.81
0.37
20.7%
0.046
0.514
3.473
2.92
2009
Basal
INF
0.100
69,418,000
1.55
0.35
22.6%
0.040
0.431
3.165
2.88
2009
TOTAL
IND
0.100
4,900,000
1.74
0.34
19.4%
0.042
0.498
3.388
2.94
2009
TOTAL
INF
0.100
86,084,000
1.56
0.33
21.3%
0.038
0.422
3.094
2.88
Change from 2007 to 2009, Total-Inferred
515%
27%
51%
28%
79%
Note: IND = Indicated, INF = Inferred, N.D. = Not Determined
The table illustrates the change in tonnage and grade, where tonnage at the same cutoff for total resources has increased 515% from 14.005M tonnes to 86.084M tonnes. Grade also increased by 27% for TREO from 1.23% to 1.56%. Note that at the time of the 2007 report, the Basal Zone had not been recognized as a distinct sub-zone within the Lake Zone REE deposit.
Grades for other associated rare metals notably tantalum, niobium and zirconium were also higher in the new resource estimate compared with that done from historical data in 2007.
DISCUSSION
6
The Lake Zone deposit is now recognized as having two distinct sub-zones or layers; an Upper Zone which consists mainly of light rare earth dominant minerals such as bastnaesite, allanite and monazite and a lower Basal Zone which also contains the heavy rare earth bearing mineral fergusonite. The presence of fergusonite in the Basal Zone, and a species of zircon also containing heavy rare earths, results in a relative enrichment in the more valuable heavy rare earth elements Europium through Lutetium (“HREE”) plus yttrium in this zone. The lower contact of the Basal Zone is sharply defined while the upper contact is gradational with the Upper Zone. Collectively, the two sub zones combined represent a very large low grade REE resource. The zoning will enable development of a mine plan consistent with market demand for the individual rare earth elements.
The gradational contact and the large size of the combined resource, means the tonnage estimate for the Basal Zone is very sensitive to the cut-off grade applied. For example, varying the cutoff grade by just 0.4% from 2.0% to 1.6% TREO more than doubles the estimated inferred mineral resource tonnage in the Basal Zone from 11.795 million tonnes to 28.447 million tonnes.
The cut-off grade is influenced largely by metallurgical process costs and recoveries, and metal price assumptions. At present the metallurgical process costs and recoveries are subject to considerable uncertainty as the assumptions are based largely on the 2002 metallurgical test results. These tests were focused on the recovery of tantalum and were never optimized for REE recovery. Further, prices for some key reagents show considerable volatility and a check of recent spot reagent pricing indicates a higher current price than that used in the determination of the recommended cutoff grade. The spot prices were not used in the calculation of cutoff due to the current volatility within these commodity markets.
Finally, the metal price assumptions utilized in the resource model are based on 4 year averages of historical prices except where indicated. Given the growing demand for REE and marked increases in price for most of the REE over the past 2 years, these assumptions can be considered conservative. For comparison, using 3 year averages would increase tonnages at the 2.3% cut-off grade by 12% and if one uses October 2008 prices, the tonnage would increase by almost 30%.
DISCLOSURE
A copy of the full NI 43-101 resource report being prepared by Wardrop will be filed on SEDAR as soon as it is available and no later than 45 days following the date of this news release.
The mineral resource estimates which are effective today were completed by Thomas C. Stubens, M.A.Sc., P. Eng, Senior Geologist of Wardrop Engineering, Vancouver, BC, and are based on geological interpretations supplied by the Company to Wardrop and modified by Wardrop Engineering Ltd/Inc. Stubens is an 'independent qualified person' for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators and has verified the data disclosed in this release.
Joanne Paul, P.Geo., also an 'independent qualified person' for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, has verified the sampling procedures and QA/QC data delivered to Wardrop and is of the opinion that the data are of good quality and suitable for use in the resource estimates.
7
The field exploration program was carried out under the supervision of J.C. Pedersen, P.Geo., the Company’s Senior Geologist. The Company’s Vice-President, Exploration, Dr. William Mercer, P.Geo. provided overall direction on the project.
About Avalon Ventures Ltd.
Avalon Ventures Ltd. is a Canadian junior mineral exploration and development company, with a primary focus on rare metals and minerals with high technology applications related to electronics, energy efficiency and a cleaner environment. Avalon currently holds a portfolio of five such projects, including three that are at, or close to, the feasibility stage. Shares Outstanding: 67,649,748. Cash resources: approximately $9.0 million.
To find out more about Avalon Ventures Ltd., please visit our website at www.avalonventures.com. For questions and feedback, please email the Company at office@avalonventures.com or phone Don Bubar, P.Geo. President, at 416-364-4938. Mr. Bubar and Dr. Mercer are the Qualified Persons responsible for the technical content of this news release. For general discussion and commentary on the rare metals, please visit www.raremetalblog.com.
This news release contains forward-looking information. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management’s expectations with respect to, among other things, the size and quality of the Company’s mineral resources, progress in development of mineral properties, demand and market outlook for metals and future metal prices. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the inherent risks involved in the exploration and development of mineral properties, uncertainties with respect to the receipt or timing of required permits and regulatory approvals, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

http://www.avalonventures.com/_resources/news/NR_2009_02_04.…
February 18, 2009 No.09-02
Avalon Ventures Ltd. changes its name to Avalon Rare Metals Inc.
Toronto, Avalon Ventures Ltd. TSX: AVL (“Avalon” or the “Company”) announces today that its name has been changed to “Avalon Rare Metals Inc.”. There is no consolidation of capital and the shares of the Company will continue to be traded on the Toronto Stock Exchange (“TSX”) under the symbol ‘AVL’.
It is anticipated that the Company’s common shares will commence trading on the TSX under the new name on or about February 20, 2009.
The decision to change the Company’s name was made to reflect the Company’s decision to focus its minerals business exclusively on the rare metals. The new name will facilitate more ready recognition of the Company’s rare metals focus for the growing numbers of investors interested in equities providing exposure to these strategic commodities.
In conjunction with the name change, the Company has adopted a new corporate logo intended to convey an image consistent with the fact that rare metals are vital to a growing number of applications related to energy efficiency and the environment.
Other Corporate Developments
The Company announces that it has appointed Ms. Alana Kelcey to the position of Corporate Secretary, effective February 2, 2009, following the resignation of Ms. Mary Quinn in January.
The Company also announces that the following incumbent board members were re-elected at the Company’s Annual General Meeting held January 19, 2009: Alan Ferry, Chairman of the Board, Donald S. Bubar, Brian D. MacEachen, Joseph G. Monteith, and Peter McCarter. Mr. F. Dale Corman did not stand for re-election, but will continue to serve the Company as a Strategic Advisor.
About Avalon Rare Metals Inc.
Avalon Rare Metals Inc. is a Canadian junior mineral exploration and development company, with a primary focus on rare metals and minerals with high technology applications related to electronics, energy efficiency and a cleaner environment. Avalon currently holds a portfolio of five such projects, including three that are at, or close to, the
\\AVALON-SERVER\public\6 - Regulatory Filings & Disclosure\Press Releases\2009\20090218 Name Change\Nws 09-
02 Name Change Final.doc
feasibility stage. Shares Outstanding: 68,152,248. Cash resources: approximately $8.5 million.
To find out more about Avalon Rare Metals Inc., please visit our website at www.avalonraremetals.com. For questions and feedback, please email the Company or phone Don Bubar, P.Geo., President, at 416-364-4938.
For general discussion and commentary on the rare metals, please visit www.raremetalblog.com.
Forward Looking Information
This news release contains forward-looking information. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management’s expectations with respect to, among other things, the size and quality of the Company’s mineral resources, progress in development of mineral properties, demand and market outlook for metals and future metal prices. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the inherent risks involved in the exploration and development of mineral properties, uncertainties with respect to the receipt or timing of required permits and regulatory approvals, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

http://www.avalonventures.com/_resources/news/Nws-09-02-Name…
NEWS RELEASE
February 26, 2009 No. 09-03
Avalon and Chapleau Cree First Nation agree to MOU around the
development of the Warren Township Calcium Feldspar Project
______________________________________________________________
Avalon Rare Metals Inc. TSX: AVL (“Avalon” or the “Company”, formerly Avalon Ventures
Ltd.) and the Chapleau Cree First Nation (“CCFN”) are pleased to announce that they have
agreed to enter into a Memorandum of Understanding (“MOU”) regarding the co-operative
development of the Warren Township Calcium Feldspar project, located near Foleyet, Ontario, 125
km west of the city of Timmins. A formal signing ceremony is planned for Tuesday March 3, in
Toronto, at the annual convention of the Prospectors and Developers Association of Canada.
The Warren Township project consists of three claims totaling 727 ha that are located in the
traditional territory of CCFN and possibly other local First Nations and Aboriginal groups who are
represented by CCFN. Under the terms of the MOU, CCFN has agreed to support the further
development of the project provided that it is assured that:
􀂃 CCFN and other First Nations and Aboriginal groups with an interest in the land benefit
equitably from the operation; and
􀂃 the environmental risks associated with the development, operation and closure of the
operation are deemed to be acceptable.
“We are pleased to have the support of CCFN and other local Aboriginal groups, as well as the
community of Foleyet, in advancing the project and look forward to developing mutuallybeneficial
partnerships” commented Avalon’s President, Don Bubar. “This small operation would
provide business opportunities to First Nations and needed jobs to a part of the province where jobs
are scarce, and with net environmental benefits to Ontario.”
“The environmental benefits stem from the use of the calcium feldspar product in fibreglass
manufacturing where it has been demonstrated to reduce energy consumption and CO2 emissions,
a primary goal of the Province’s proposed new Green Energy legislation” noted Mr. Bubar.
“Furthermore, the contemplated fibre glass products are used in manufacturing energy efficient
composite construction materials for wind turbines, another major green energy initiative being
promoted by the province.”
Previous work on the project has demonstrated the presence of a significant resource of high purity
calcium feldspar amenable to a low-cost, small-scale quarrying operation. The operation, as
presently conceived, would involve development of a processing plant near a major railway line at
Foleyet, to facilitate product shipping to potential markets in the southern Ontario and the
northeastern United States. Capital costs are estimated to be in the order of $10 million and the
operation could create at least 20 direct jobs.
The Company conducted a bulk sampling program and a successful furnace trial in late 2007, in
association with a major US-based glassmaker, but further trials are required to fully demonstrate
the product’s technical advantages. This work has been delayed due to the downturn in the
construction sector, which has negatively impacted the glass industry.
The MOU contemplates that a Resource Benefits Agreement (“RBA”) will be negotiated and
agreed to between AVL and CCFN before the commencement of any mine development work. The
RBA will provide an arrangement for sharing of economic benefits from the operation through
some combination of equity participation, resource revenue sharing, service contracts and
community program sponsorship, at a level that does not unreasonably encumber its future
economic viability. The MOU also contemplates that Avalon will assist CCFN in securing expert
advice to evaluate technical information and the business opportunities related to the project and
secure financial support from applicable government programs to pay for such expert advice.
CCFN has been supporting Avalon in its efforts to secure the necessary operating permit under the
Aggregate Resources Act of Ontario. Operating permit requirements including environmental
studies and development of a mining closure and rehabilitation plan were completed and submitted
in 2007. “We are waiting for the Chapleau District office of the Ministry of Natural Resources to
issue the operating permit and we remain optimistic that final permitting of the full 727 hectare site
will be forthcoming in the near future” noted Mr. Bubar.
One of the unique features of the MOU involves the role that Chapleau Cree First Nation has
agreed to assume, with the support of the other Chiefs in the region, in coordinating input from the
affected First Nations and Aboriginal groups. “The Crown’s current approach to Aboriginal
consultation and accommodation is not working and Aboriginal people are in the best position to
oversee consultation processes that deal with their rights and responsibilities” stated Chapleau Cree
First Nation Chief Keith Corston, adding that “the cost of consultation would, of course, remain
with the Crown.”
About Chapleau Cree First Nation
Chapleau Cree First Nation is situated adjacent to the town of Chapleau, 200 km west of Timmins,
Ontario. Three other First Nations have reserve lands within the vicinity of the town of Chapleau
including Brunswick House First Nation, a key participant in the Warren Township project. The
total Aboriginal population in the Chapleau area is estimated at 1,000 – approximately 30% of the
total regional population.
To find out more about Chapleau Cree First Nation, please visit our website at
www.chapleaucreefirstnation.com. For questions and feedback, please e-mail Chief Keith Corston
at keeter.corston@bellnet.caor by telephone at at 705-864-0784.
About Avalon Rare Metals Inc.
Avalon Rare Metals Inc. is a Canadian junior mineral exploration and development company, with
a primary focus on rare metals and minerals with high technology applications related to
electronics, energy efficiency and a cleaner environment. Avalon currently holds a portfolio of five
such projects, including three that are at, or close to, the feasibility stage. Shares Outstanding:
68,152,248. Cash resources: approximately $8.5 million.
To find out more about Avalon Rare Metals Inc., please visit our website at
www.avalonraremetals.com. For questions and feedback, please e-mail the Company at
office@avalonraremetals.com or phone Don Bubar, P.Geo., President, at 416-364-4938.
For general discussion and commentary on the rare metals, please visit www.raremetalblog.com.
This news release contains forward-looking information and is subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to differ materially from
those projected in the forward-looking information. Forward-looking information is based on the
opinions and estimates of management at the date the information is given, and is subject to a
variety of risks and uncertainties and other factors that could cause actual events or results to
differ materially from those projected in the forward-looking information. The forward-looking
information contained herein is given as of the date hereof and the Company assumes no
responsibility to update or revise such information to reflect new events or circumstances, except
as required by law.

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