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Has 100% ownership of the only past-producing HREE open pit mine outside of China (Kutessay II).
Holds a 25 yr mine license in Kyrgyzstan, the only foreign company in the country with an REE mining license.
Owns option to purchase KCMP, an REE processing plant located in close proximity to Kutessay II used by the Soviets when Kutessay II was in production.
Kutessay II produced 80% of all REEs for the Soviets for 30 yrs and was only 1/3 mined using historical estimates.
First drill hole targeted for Kutessay III, located adjacent to Kutessay II and thought to be double its size.
Ore field located 150 km from Bishkek with solid infrastructure and labor including paved roads and power.
Metallurgy of REEs was solved by the Soviets at great expense.
Forecast demand for HREEs to outstrip supply by 2014.
China controls 95% of REE production globally and there is an imminent shortage of production-ready projects outside of China. Kutessay II offers a rare opportunity to cost effectively produce REEs on a faster basis relative to its peers.
