SRE Minerals Ltd is a private equity company which has entered into a joint venture agreement with the Korean Natural Resource Trading Corporation for the rights to develop all rare earth elements (REE) deposits in Jongju, North Pyongyam Province.
PCL, a joint venture company, is developing the Jongju Rare Earths Deposit. This represents an exciting opportunity for investors to be part of the early stage exploration and subsequent production of possibly the largest rare earth deposit in the world.
Further exploration is planned to recommence in April 2014, which will include 96,000m (Phase One) and 120,000m (Phase Two) core drilling. Results from the exploration program will be JORC compliant. There have also been several more sites that have been identified with REE anomalies present and an exploration program has been planned to be conducted in the third quarter of 2014.