Rare Element Resources
Bear Lodge Project
Canadian NI 43-101 Technical Report
October 9
th
, 2014
100135-200-46 – Rev. 0
21-22
Table 21.11 - Mining Operating Cost Estimate Summary
(Golder, 2014)
Table 21.12 shows the operation cost for the PUG. Note that transporting the PUG pre-
concentrate from the mine area to the Hydromet plant at Upton is the greatest cost
followed by labor and energy.
Table 21.12 - PUG Plant Operating Cost Estimate Summary
(Roche, 2014)
Cost Item
Year 1, ($000s) Year 1, $/kg
Mining Equipment O&M
4,111
1.03
Hourly Labor
4,436
1.11
Blasting
1,263
0.32
Mine Supervision & Admin
1,535
0.38
DIRECT OPERATING COSTS
11,346
2.84
INDIRECT OPERATIONS SUPPORT
3,787
0.95
TOTAL MINE OPERATING COSTS
15,133
3.79
Total Effective Tons (000s ton)
3,990
Cost Item
Year 1, ($000s) Year 1, $/kg
Estimated Labor Cost
874
0.09
Estimated Energy Cost
773
0.08
Hydromet Feed Transport Cost
2,103
0.22
Consumables
414
0.04
Maintenance Supplies
211
0.02
Other Operating Costs
95
0.01
TOTAL PUGOPEX
4,470
0.46
