NI43-101Pre-Feasibility Study Report - page 75

Rare Element Resources
Bear Lodge Project
Canadian NI 43-101 Technical Report
October 9
, 2014
10135-200-46 - Rev. 0
4 Property Description and Location
4.1 Bull Hill Project
The Bear Lodge Project consists of the Bull Hill mine site and is located in central
Crook County, north-eastern Wyoming (see Figure 4.1), in the northwestern portion of
the Black Hills uplift. The Upton Plant Site is located 40 miles (64.4 km) south of the
Bull Hill Mine and approximately 2 miles (3.2 km) northwest of the town of Upton
Wyoming in north-central Weston County.
Rare Element will be required to obtain permits to operate the Bull Hill Mine and the
Hydromet plant and tailings storage facility from the United States Forest Service
(USFS) and the Wyoming Department of Environmental Quality (WDEQ). In addition,
a source materials possession license will be required from the United States Nuclear
Regulatory Commission (NRC). In accordance with Rare Element’s Environmental,
Health, and Safety Policy, Rare Element will comply with applicable federal and state
environmental statutes, standards, regulations, and guidelines in the permitting of the
Bull Hill Mine and Hydromet plant/tailings storage facility (TSF).
There are no known environmental liabilities associated with either site. The
Company began environmental baseline data collection in 2010 to characterize the
conditions of each site. As of the date of this report, none of the permits have been
obtained and work continues on the preparation of supporting data.
4.2 Bull Hill Mine and PUG Site Location
The mine property is situated in the central Bear Lodge Mountains, a relatively small
northwesterly trending range. The project is flanked to the west by the Powder River
Basin, famous for its extensive coal mining, and is bordered to the north and east by
the Great Plains. The Bear Lodge Project lies about 7 air miles (11 kilometers) or 12
road miles (19 kilometers) northwest of the town of Sundance, Wyoming,
approximately 22 air miles (35 kilometers) west of the South Dakota state line, 55 air
miles (89 kilometers) east of Gillette, Wyoming, and 230 miles (370 kilometers) north
of Cheyenne, the state capitol. Gillette is headquarters for the Wyoming coal mining
industry and has many of the services required by the mining industry.
The Bear Lodge Project includes approximately 9,634 acres held by 499 unpatented
lode mining claims and one section of fee land in the Bear Lodge Mining District of
Crook County in the State of Wyoming, USA (Figure 1.2). Within the Project Area lies
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