NECHALACHO REE & ZIRCONIUM PROJECT
Highlights of 2013 DFS
Completed Feasibility Study by SNC-Lavalin
NI 43-101 Report prepared by Micon
The results of the feasibility study demonstrate that the project is technically feasible and economically robust.
The FS covers all aspects of project development, including mining, mineral concentration, hydrometallurgical processing, refining and separation of individual rare earth oxides as well as all related infrastructure.
Overview
Unlocking Supply for Technological Advancements in Nuclear, Defense, and Communications Sectors
Location:
Thor Lake, Northwest Territories
Stage:
DFS 2013 to be updated
Mineralization/Commodity:
All Light Rare Earth Elements
All Heavy Rare Earth Elements
Transitional Rare Earth Element Yttrium
Zirconium, Tantalum, Niobium
Key Points:
100% interest in resources below a depth of 150m above sea level
Early works permits are in place
The Nechalacho property is situated in an area known as the Akaitcho Territory, an area which is subject to a comprehensive land claim negotiation involving four communities of the Dene Nation. The area is also subject to a settled Land Claim of the Tlicho Government who refer to the area as the Monfwe overlap.
In 2012, Avalon signed its first Accommodation Agreement with the Deninu K’ue First Nation.
In February 2014, Avalon signed a similar Participation Agreement with the Northwest Territory Métis Nation.
Prepared by Micon International, this 2013 Technical Report compiles SNC-Lavalin's feasibility study for Avalon's Nechalacho rare earth elements project.
Benefits of the Nechalacho Project
Stakeholder Value
Nechalacho represents a transformative economic opportunity, driving regional growth and advancing sustainable development through impactful partnerships with indigenous and local community stakeholders.
NA Defense Supply Chain
Nechalacho offers one of North America's largest high-grade rare-earth mineral deposits, essential for advanced technological industries and maintaining a geo-strategically stable supply with national and global security implications.
Sustainable Growth
The asset positions us to sustainably meet the rising demand for critical minerals, ensuring long-term resource availability and contributing to global efforts for environmental sustainability and technological advancement.