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TNR Gold Corp. (TSX-V: TNR) is a mineral exploration company actively pursuing a portfolio of gold, copper, and Rare Earth Element (REE) containing properties worldwide. Our primary focus is in exploration and development of our key ventures which are the Shotgun gold project in Alaska, TNR iron ore and REE projects in Soules Bay, Canada and our ongoing project generator in Argentina. The Argentine Los Azules project is held under the wholly-owned subsidiary Solitario Argentina S. A. ("Solitario"), we are currently moving forward with the litigation over some of the claims on the property while we continue to explore and identifying new quality prospective ventures globally. TNR's strategy is to strengthen its assets through partnerships with mid-tier and major companies, and establish long-term cash flow through royalty interests and project development.
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Rare Earth Element Projects
Seabrook and Big Beaver House July 2012
Rare Earth Elements
Ti 22
Zr 40
Hf 72
Li 3
He 2
C 6
N 7
O 8
F 9
Ne 10
Na 11
B 5
Be 4
H 1
Al 13
Si 14
P 15
S 16
Cl 17
Ar 18
K 19
Ca 20
Sc 21
V 23
Cr 24
Mn 25
Fe 26
Co 27
Ni 28
Cu 29
Zn 30
Ga 31
Ge 32
As 33
Se 34
Br 35
Kr 36
Rb 37
Sr 38
Y 39
Nb 41
Mo 42
Tc 43
Ru 44
Rh 45
Pd 46
Ag 47
Cd 48
In 49
Sn 50
Sb 51
Te 52
I 53
Xe 54
Cs 55
Ba 56
Ta 73
W 74
Re 75
Os 76
Ir 77
Pt 78
Au 79
Hg 80
Tl 81
Pb 82
Bi 83
Po 84
At 85
Rn 86
Fr 87
Ra 88
Rf 104
Db 105
Sg 106
Bh 107
Hs 108
Mt 109
Mg 12
La-Lu
57-71
Ac-Lr
57-71
Ce 58
Pr 59
Nd 60
Pm 61
Sm 62
Eu 63
Gd 64
Tb 65
Dy 66
Ho 67
Er 68
Tm 69
Yb 70
Lu 71
La 57
Sc 21
Y 39
Light Rare Earths Heavy Rare Earths
17 Elements on the Periodic Table
• 15 Lanthanides (La - Lu)
• Scandium
• Yttrium
Rare Earth Elements - Applications
Modified from BGS REE report June 2010
By Volume By Value
Ceramics
Magnets
Metal Alloys
Phosphors
Glass & Polishing
Catalysts
Other
Magnets
Ceramics
Catalysts
Other
Metal Alloys
Phosphors
Glass & Polishing
21%
18%
7%
22%
20%
6% 6%
37%
14%
32%
6%
5%
3% 3%
2008 REO Consumption
IMCOA – Kingsnorth 2010
China
Commonwealth of Independent States
United States
Australia
India
Other
Reserves
Global Distribution of REEs
37%
19%
22%
13%
6%
3%
Country Reserves (Tonnes)
China 36,000,000
Commonwealth of Independent States
19,000,000
United States 13,000,000
Australia 5,400,000
India 3,100,000
Brazil 48,000
Malaysia 30,000
Other 22,000,000
Total: 99,000,000
USGS Mineral Commodities Survey, Hedrick 2010
0
20000
40000
60000
80000
100000
120000
140000
160000 1
99
5
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
Other
Brazil
Russia
USA
Malaysia
India
China
REO Production By Country To
nn
es R
EO
China Dominates World Production at 96.8% of Supply
World Minerals Statistics Database, BGS
0
50,000
100,000
150,000
200,000
250,000
REO
Dem
and
- t
pa
China Supply ROW Supply China Demand Adjusted Global Demand
China Vs. Rest of World
REE Demand Forecast
IMCOA – Kingsnorth 2010
Robust 8-12% Annual Growth Rate Forecast
Primary REE Source - Carbonatite
8
• A Carbonatite is an
igneous rock
comprising at least
50% carbonate
minerals.
• Usually occur as
small plugs within
concentrically
zoned alkalic
intrusive
complexes.
• Greatly enriched in niobium,
rare-earth elements, barium,
strontium, phosphorus, and
fluorine Idealized carbonatite pipe (modified from
Jébrack and Marcoux, 2008)
Carbonatite REE Mine Example
9
• Production at the Niobec mine
began in 1976.
• Niobec mine has an excellent
history of reserve renewal over
30 years of operation.
• 29.5 million tonnes grading
0.68% Nb2O5 Produced
• Currently producing
approximately 7-8% of world
consumption.
• 23.5 million tonnes grading
0.59% Nb2O5 current
Measured & Indicated
Resources (modified from Iamgold, 2009 43-101 Technical Report)
2 Projects in
Ontario,
Canada
Stable
Jurisdiction
TNR Rare Earth Element Project Location
Seabrook & Big Beaver House Properties
Underexplored REE Carbonatite Opportunities 10
Seabrook REE Property, Ont.
11
• 3 Claims - 512 Hectares
• 100 kms NE of Sault Ste. Marie
• Accessible year round, 10 km
from Forest Access Road leading
to Hwy. 129 and the Aubrey Falls
Power Generation Station
• Powerline Transects Claim Group
• Located within the Abitibi
Subprovince of the Superior
Province, Canadian Shield
• 1107 and 1109 Ma dating
Seabrook – Claim Map
12
• 2011 Preliminary Exploration
Analyses confirms significant
historical REE grades
• Results from 22 geochemical &
mineralogical characterization
samples were consistent with
historical work
• 10 of the 22 samples contained
greater than 0.20% TREO + Y
•Locations provide an excellent target
for further mapping
Seabrook– Aeromag Map
13
• Magnetic Bullseye Delineates
1.5 x 2 km Central Core to
Carbonatite Complex
• Reflects Magnetite Signature
• Survey has shown anomalous are
on eastern side of peninsula may
extend further into the centre that
was insicated by historical
mapping
From aeromagnetic map 2228G & 2229G (ODM-GSC 1963)
1.5 km
2 k
m
Seabrook – Economic Geology
15
• 1955: Bussineau, W.
Highest Nb values reported with
high radioactivity and magnetite;
Four grab samples grade
0.6, 1.5, 4.7 & 10.3% Nb2O5
• 1971: Canpac Minerals - Gunnex Ltd.
3 areas of high Nb values observed
Never Drilled
• 1977: Thurston et al.
Sovite grab sample grading
0.47% Ce2O3 & 0.22% La2O3
*Only Ce and La analyzed
From Sage 1988
Nb
Nb
Nb La + Ce
Indicates Significant
and Untested REE Potential
Big Beaver House REE Property, Ont.
16
• One of the largest Carbonatite
complexes in Ontario
• Rock types similar to REE deposit
of Molycorp in California and Bear
Lodge carbonate
• Accessible year round, nearby
infrastructure (power/water)
• Located within the Sachigo
Subprovince of the Superior
Province, Canadian Shield
• 1109 ± 61 Ma dating
• Predominantly Pyroxenite,
Ijolite and silicocarbonatite
Big Beaver House – Claim Map
17
• 11 Claims
• 2,688 Hectares
• 40 kms northeast of
Goldcorp’s
Musselwhite gold
mine
• 450 kms north of
Thunder Bay
Big Beaver House – Aeromag Map
18
• Magnetic Bullseye
Delineates 5 x 5 km
Carbonatite Complex
• Reflects Significant
Magnetite
• Almost Complete
Absence of Outcrop
• Low Marshy Ground
From aeromagnetic map 939G (ODM-GSC 1960)
Big Beaver House – Historical Drilling
19
• 1962
Many Lakes Exploration
7 holes – 977 m
• 1966
Teck Corporation
7 holes – 915 m
• 1977
International Minerals &
Chemicals Corporation
5 holes – 189 m *Residual Apatite
Phosphorous Target
Limited Drilling
2,081 metres
5 K
m
5 Km
Big Beaver House – Historical Drilling
20
• M-4
3.05% Nb2O5 over 0.3m and
5.30% Nb2O5 over 1.7m
• T-8
2.92% Nb2O5 over 1.5m
• T-9
1.06% Nb2O5 over 2.0m
High Grade Niobium Intersected
The Big Beaver House Complex
Was Not Tested for its REE Potential
• Ontario Geological Survey
analyzed historic drill core
and confirmed significant
REE mineralization
• OGS (Sage 1982) reported
up to 3,200 ppm Nd+La+Ce
Big Beaver House – 1987 OGS Samples
21
Indicates Significant
and Untested
REE Potential
Big Beaver House REE Project - Summary
22
• One of the largest ( 5x5 km )
Carbonatite complexes
• Excellent Model for REEs
• Underexplored
- Limited Historic Drilling
- REE Potential not tested
• Sampling of Historic Drill Core
Reveals Presence of
Significant REEs
Excellent Exploration
Target for REEs
Disclaimer
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this presentation. Statements in this presentation other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company’s future plans and objectives or expected results, are forward-looking statements. This presentation contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in resource exploration and development. As a result, actual results might vary materially from those described in this presentation. Readers should verify any & all claims and do their due diligence before investing in any securities mentioned. Investing in securities is speculative and carries a high degree of risk.
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