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Great Western Minerals Group Ltd. I About Rare Earth Elements - Frequently Asked Que... Page 4 of 5 <br />Hoidas Lake has a higher proportion of the "heavier" rare earths than other <br />deposits. Because these "heavy" rare earths are more valuable, Hoidas demonstrates <br />a higher value for one tonne of REO produced. <br /> t1OMS IAMRARE EAMPRWECT <br /> COWM OF RHO 1X4f11fEtUMM A!1!! V/Lt,E$ <br /> AS At Fab 30. 2009 <br /> Sir ma ly*wp: 1.Y?MS C-Orp- <br /> At Fab 28, 2908 btain.Pass <br />)11ouettlrt Paso <br />BZlOlstf <br />asafta. <br />. vVelt <br />R!0.:1Ahak1 . <br />Rate Earth Oxide- t;<Wft t#sbibuffm REO Value tl9U OlsbOvAon:RZ! Value11M Dis&ibuNmr 1;1 O Value USSh <br />or;unn 4.0A '4910 1.994_QO 64 2AW10 4914, 1.2091LOO <br />Dyspmeian 109.00 OM 19.811 0.1 108.041: 0_12 1$:92 <br />Erbium 10.44 Q.W 8:#9S1 MOO 0-tic <br />Europiurd 430.130 0.40 430,40 021-. l$93azo Or4t CIF amt. <br />OAtdo4iniurh 11,10 0.20 22.20 0 1940" 0;76. 932t_ <br />lbrhduane O Kl. 400 0.00, <br />Fsba![tem 0:#ED <br />Lat altealt 6.10 $3 2.925 2D 28.0: 1,x$854 25 6Q Ms,so <br />Lulofum. 040 000 0.00 <br />llo-adynd 32.00 12M u40.00 45:40 1,928.00 18:58 S,920.0 <br />Rrasaadyn um 20.50 4.34 1,280,30 4.9S 11.939.20: 5.3;1; 1,158i 40 <br />"maritnai' a.SO M" 30A4 1.10 52:aa: 2" 103.98 <br />Torw,um 706.00. 9.4p 0.00 om: 211.60 0.07 470.40 <br />11hu thaft . MOO O,Ct9 0.(111 0-00' 0.00 4.011 11461 <br />Ytieri l 132.00 0.06 9.09: 0 BAD; 4_€10' Om 0.00 <br />.1tlhiwn 10.00 11413E 10.09 020 2#f.00 "5 26.66 <br /> 99;19+4` 9,610<tl1 #4,Si1 11,+109:1;11. X197 3.949 9 <br />Souratz Asian Metal <br />Return to ton <br />Who consumes REEs? <br />The major consumers of rare earths are Southeast Asia (Japan, Korea, Thailand, <br />China) and the USA. <br />The USA used to be the world's largest single consumer of rare earths, at <br />approximately 27% of the world's total. However, during the past few years, China <br />has become the world's largest consumer, surpassing even US consumption. <br />The USA currently imports nearly 100% of its RE requirement, and the value of <br />raze earth products consumed in the USA is estimated to be in excess of US$1 <br />billion per year. <br />Return to ton <br />Could a Saskatchewan-based Rare Earth Industry compete with <br />China? <br />Yes. Great Western Minerals has established contacts in Japan, Europe, and the <br />USA who have indicated that they would be prepared to purchase significant <br />quantities of specific rare earth products from a North American producer in order <br />to reduce their reliance on a single source.