RARE EARTHS, SPECIALITY & MINOR METALS INVESTMENT SUMMIT

THE LONDON CHAMBER OF COMMERCE AND INDUSTRY ● THURSDAY, 18 MARCH 2010www.ObjectiveCapitalConferences.com

Investment Conferences

2.55 – 3.20 Where are the miners’ looking, who’s looking and who’s paying for assetsDon Pridmore – Managing Director, Intierra Resource Intelligence

Objective Capital: Rare Earths … Summit

March 18, 2010

Don Pridmore, Mickey Thompson and Jeremy Thompson

REE and Vanadium Companies

Intierra’s Business

Rare Earth Elements(REE)

Used in high tech applications and energy efficient technologies

Production of hybrid/solar cars, solar panels, wind turbines, compact florescent lighting, high energy magnets, mobile phones and computers

REE Facts

REE Elements

Lanthanum (La), Cerium (Ce), Praseodymium (Pr),

Neodymium (Nd), Promethium (Pm), Samarium (Sm),

Europium (Eu), Gadolinium (Gd), Terbium (Tb),

Dysprosium (Dy), Holmium (H0), Erbium (Er),

Thulium (Tm), Ytterbium (Yb), Lutetium (Lu)

Scandium (Sc) Yttrium (Y)

(UNOBTAINIUM is not a rare earth!)

Up until 1985, USA was dominant producer

In 2009, 95% of production will come from China

China will start to limit exports opening up requirement for new sources

REE Facts

REE Facts

Companies Properties82 TSX-V 147

17 TSX 23

48 ASX 60

3 LSE 3

4 AIM 4

1 OFEX 1

2 JSE 2

39 other 40

198 Companies with REE properties

Global REE Properties Status

Grass Roots 160Exploration 60Advanced Exploration 25Pre-feasibility 6Feasibility 0Construction 1Operating 18

Total 278

Company Raised US$ Title Type Activity Country TotalRare Element Resources Limited $3,000,000 Private Placement Private Placement Exploration USA

USA $3,000,000Avalon Rare Metals Inc. $16,988,823 Bought deal financing Private Placement Development CANFieldex Exploration Inc. $1,940,000 Private Placement Private Placement Exploration CANQuest Uranium Corporation $6,107,264 Private Placement Private Placement Exploration CANTNR Gold Corp. $2,910,000 Private Placement Private Placement Working Capital CAN

CAN $28,000,000Arafura Resources Limited $9,037,549 Rights Issue Entitlement Issue Development AUS

$15,750,000Placement & Rights Issue to Advance Nolans Private Placement Development AUS

Lynas Corporation Ltd $85,050,000Equity Subscription for Lynas Rare Earth Project Private Placement CAPEX AUS

$405,000,000Equity Raising for Phase 1 of Rare Earth Project Private Placement CAPE AUS

AUS $515,000,000

Total $546,000,000

Capital raisings for REE projects

Property transactions REE projects

Report date Property Country Seller Buyer Transaction type Resource

30-Jan-09 Agnew Lake Canada Nyah resources Inc. Cash Minerals Ltd Equity ThoriumUranium Mine Uranium 4320t

Yttrium

13-Jan-09 Steenkampskraal South Africa Rare Earth Extraction Co. Great Western ZAR 1,000,000 Copper 944tRare Earth Mine Minerals Group Ltd Gold 1,897 oz

Rare earth 29,400tSiver 22,763

Vanadium

Companies38 TSX-V

11 TSX

58 ASX

3 LSE

4 AIM

4 JSE

49 other

169 Companies with V2O5 properties

Property transactions V2O5 projects

Name Country Status Transaction Cash USD Transaction Buyer Transaction Seller Resource Savage River Magnetite Mine Australia Operating Grange Resources Limited

(100.00% acquired)Jiangsu Shagang Group Co Ltd, Unknown Company or Entity

Saint Urbain Titanium/Iron Ore Project Canada Adv. Exploration 97,549 Rock Tech Resources Inc (100.00% acquired)

Other Parties/Vendors

Titan Magnetite/Titanium Project Canada Adv. Exploration 487,326 Prophecy Resources Corp. (80.00% acquired)

Randsburg International Gold Corp.

117,600

Yangqueqing Magnetite/Titanium/Vanadium Mine China Operating 29,292,179 China Vanadium Titano-Magnetite Mining Co., Ltd. (100.00% acquired)

Huilixian Yangqueqing Iron Mine

Amazon Bay Iron Sands Project Papua New Guinea Pre-feas/Scoping MIL Resources Limited (51.00% acquired)

Unknown Company or Entity

Ruoutevare Magnetite/Titanium Deposit Sweden Pre-feas/Scoping WAG Limited (50.00% Beowulf Mining plc 280,000Paris Hills Vanadium Deposit United States Adv. Exploration 959,634 Stonegate Agricom Ltd

(100.00% acquired)Rocky Mountain Resources Corp.

315,337

Capital raisings for Vanadium projects

Company Raised US$ Title Type Activity Country Total Crosshair Exploration & Mining Corp. $3,904,000 Brokered Private Placements Private Placement Exploration CAN

CAN $3,904,000Largo Resources Ltd. $2,928,000 Private Placement Private Placement Other BRAZ Largo Resources Ltd. $7,808,000 Private Placement - Maracas additional interest Private Placement Asset Acquisition BRAZ

BRAZ $10,736,000Reed Resources Ltd $9,984,400 Placement and Share Purchase Plan Private Placement Exploration AUST

AUST $9,984,400

Total $24,624,400