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Monetizing monazite

Global supplies of rare earth elements have been threatened ever since China imposed export quotas in mid-2010. In the aftermath, increased attention was drawn to potential producers like MolyCorp and Lynas Corporation, while the sector was viewed in need of a savior outside of China. Among the juniors aiming to join the fray, Medallion Resources has proposed a unique strategy to gain low-cost production in the very near term.

Namibia Rare Earths announces resource drilling program and geophysical surveys underway at Lofdal

Namibia Rare Earths (TSX: NRE) is pleased to announce that a 6,000 meter diamond drilling program has started with two drill rigs focused on the delineation of a first mineral resource from Area 4 on the Lofdal Rare Earth Project in northwestern Namibia. Concurrent with the drilling program, an induced polarization geophysical survey will be undertaken over prospective extensions of the favourable heavy rare earth-enriched structure emanating from Area 4. The drilling program is scheduled to be completed by the end of April with delivery of the NI 43-101 compliant mineral resource report in the third quarter of 2012.

Elissa Resources Commences Drilling at Thor Rare Earth Project, Nevada

Elissa Resources ("Elissa" or the "Company") (TSX VENTURE:ELI)(OTCQX:ELSRF)(PINKSHEETS:ELSRF) reports that drilling has commenced at its 100%- owned Thor heavy and light rare earth element (REE) project in Nevada. Multiple diamond core drill holes will initially target the Lopez Trend, a 1.6-mile (2.6-km) long REE-bearing monazite structure that is coincident with a prominent magnetic anomaly.