Rare Element Resources
Bear Lodge Project
Canadian NI 43-101 Technical Report
October 9
th
, 2014
100135-200-46 – Rev. 0
21-21
21.3.10
Operating Cost Estimate Area Summaries
Table 21.10 shows the operating costs for the Hydromet plant for the first year of
operation. Note that Reagents are the main cost in the Hydromet plant, followed by
energy cost, then labor cost.
Table 21.10 - Hydromet Operating Cost Estimate Summary
(Roche, 2014)
Table 21.11 shows the operating cost for the mine. Labor is the main cost in the mine
followed by equipment fuel and maintenance.
Cost Item
Year 1, ($000s) Year 1, $/kg
HCl (100%)
19,670
2.03
Oxalic Acid (Anhydrous)
14,606
1.51
Iron Scraps
-
-
Nitric Acid (68%)
8,501
0.88
Ammonia
2,952
0.30
Sodium Hydroxide
41
0.00
Limestone
2,700
0.28
Quicklime
14
0.00
Reagents Total
48,482
5.00
Labor Cost
5,750
0.59
Energy Cost
8,940
0.92
Thorium Disposal Cost
1,312
0.14
Maintenance Supplies
3,328
0.34
Water Treatment Chemicals
89
0.01
Misc Other processing
225
0.02
Total
68,126
7.02
