Thor Lake Introduction

The Nechalacho Rare Earth Element Project located at Thor Lake, Northwest Territories, is Avalon's 100% owned flagship project and is recognized internationally for its exceptional wealth of heavy rare earth elements. To view the project Fact Sheet, click here.

As of September 2011, over C$38 million and 59,000 metres of drilling has been completed in exploring and developing the property. Subsequent to the completion of the prefeasibility, and incorporating the results of the 2010 summer program, the Indicated Mineral Resources have increased to 57.49 million tonnes of 1.56% TREO with 20.72% HREO/TREO in the Basal Zone. The same update resulted in the Inferred Mineral Resources increasing to 226.88 million tonnes of 1.30% TREO with 14.33% HREO/TREO.

Avalon has taken a multi-dimensional approach in terms of the environment and working with local communities, and in 2010, Avalon received PDAC's 2010 Environmental and Social Responsibility Award. Three different MOU’s were signed with the Akaitcho First Nations in 2011 leading to a future cooperative partnership of the Nechalacho deposit.

Definitions

The definitions that follow are acronyms used throughout the Thor Lake Project section. The list is to aid in reading and understanding the technical content of our website:

REE = rare earth elements, lanthanum to lutetium by atomic weight plus yttrium
LREE = light rare earth elements, lanthanum to samarium by atomic weight
HREE = heavy rare earth elements, europium to lutetium plus yttrium
TREO = rare earth elements, calculated as oxides, including lanthanum to lutetium plus yttrium
HREO = heavy rare earth elements, as per HREE above, calculated as oxides
LREO = light rare earth elements, as per LREE above, calculated as oxides

Reports and Tables

The following reports and tables will further augment the reader's understanding of the technical details of the Project.

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