TIDMREM

RNS Number : 1243O

Rare Earth Minerals PLC

04 August 2014

4 August 2014

Rare Earth Minerals Plc.

("Rare Earth Minerals", "REM" or "the Company")

Initial TREO results from Greenland.

Rare Earth Minerals (AIM: REM) is pleased to provide its initial highly encouraging exploration update and surface sampling results for Rare Earth Elements ("REE") on its 100% owned Greenland exploration licenses.

Highlights:

   --     Initial assay results starting to be received from REE target in Greenland.

-- 4 of 10 samples exceeded 2,000 ppm Total Rare Earth Oxides ('TREO') with the highest at 2,887 ppm TREO.

   --     TREO grades similar to the proximal Tanbreez deposit.

-- A total of 361 samples collected to date are currently being analysed for REE's precious metals.

   --     Exploration on REM's Greenland Licences is continuing.

David Lenigas, the Company's Chairman commented:

"These assay results, the first received from this year's exploration activities in Greenland, along with the proximity of the mineralised structure to two of the world's largest REE deposits, is very encouraging indeed."

"We are awaiting the majority of the assay results from the samples already dispatched for analysis for the current exploration programme currently being carried out on our 100% owned licenses. We are expecting further results to be released over the coming weeks."

REE Sampling Results:

The REE rock chip sampling programme followed up on a micro-kakortokite dyke identified by SRK Exploration Services Ltd ("SRK ES") in the northern part of REM's 100% owned 2012/15 exploration licence in Southern Greenland.

SRK Exploration Services Ltd. ("SRK ES") had previously undertaken a structural interpretation on behalf of Rare Earth Minerals plc ("REM") in order to generate exploration targets within REM's 2012/15 exploration licence. This was carried out using stereo aerial photographs and an automated 3D viewer facility at the Geological Survey of Denmark and Greenland ("GEUS").

Following this structural study, SRK ES concluded that a range of targets are worthy of exploration within REM's licence 2012/15. These targets include a micro-kakortokite dyke of significant width (10-30 m) in the northern part of the licence that may have Rare Earth Element ("REE") potential, given its similarities and possible association to lithologies found at nearby world-class REE deposits.

We are reporting today on the analytical results for 10 samples collected from this micro-kakortokite dyke. Four samples exceed 2,000 ppm of TREO with the highest being 2,887 ppm TREO. These grade are similar to those found at the 4.3 billion ore tonne Tanbreez deposit owned by TANBREEZ Mining Greenland A/S which lies approximately 2 kilometres to the south west of REM's concessions.

This micro-kakortokite dyke lies immediately south of the ilimaussaq complex which contains two of the largest REE element deposits in the world (Tanbreez and Kvanefjeld). This dyke has the same source rock as these deposits and has a strike length of 18 km of which approximately 2-3km is exposed on REM's exploration licenses.

Other Exploration Activities:

In addition to the REE exploration work our site managers Greenland Minerals Energy Limited have been carrying out the sampling of precious metal targets identified by the SRK ES in May this year.

Sampling has comprised stream-sediment, rock chip and pan concentrate sampling. Sulphides have been noted in many of the rock chip samples, as has veining of varying intensity and alteration, which are possible indications of a mineralising event.

A total of 361 samples have been collected to date, 176 stream sediment samples, 131 rock chip samples and 217 pan concentrate samples. These samples are being delivered to ALS laboratory in Ireland for analysis for a variety of elements including precious metals.

Results are expected to start arriving from further rock chip samples in the coming weeks, followed by the stream sediment and pan concentrate samples, and subsequent sample submissions.

Work is ongoing with field teams continuing to complete reconnaissance sampling in target areas generated by the work completed by SRK Exploration.

Qualified Person:

Qualified Person Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

Glossary:

-- TREO is the sum of the oxides of the heavy rare earth elements (HREO) and the light rare earth elements (LREO).

   --     ppm - parts per million.

- Ends -

For further information please contact:

Rare Earth Minerals plc +44 (0) 207 440 0647

David Lenigas

Kiran Morzaria

   WH Ireland Limited (NOMAD & Joint Broker)                               +44 (0) 207 220 1666

James Joyce

Nick Field

Hume Capital plc (Joint Broker) +44 (0) 203 693 1470

Guy Peters

Jon Belliss

Square1 Consulting

David Bick +44 (0) 207 929 5599

Mark Longson

This information is provided by RNS

The company news service from the London Stock Exchange

END

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