Press Releases 2012

Kores Completes Acquisition of 10% Interest in Frontier Rare Earths' Zandkopsdrift Project for C$23.8 Million

December 14, 2012

Toronto, Ontario: Frontier Rare Earths Limited (TSX: FRO) (“Frontier” or the “Company”) is pleased to announce that Korea Resources Corporation (“Kores”), the Korean Government-owned mining and natural resource investment company, has completed the previously announced acquisition of a 10% interest in Frontier's Zandkopsdrift rare earth project in South Africa (“Zandkopsdrift”), along with an off-take right and obligation for 10% of Zandkopsdrift rare earth production, by payment of a cash consideration of C$23.8 million. This acquisition makes Frontier the only junior company in the rare earths sector to have signed and completed a definitive agreement with a significant strategic partner.

James Kenny, President and CEO of Frontier Rare Earths commented: “The acquisition by Kores of a 10% interest in Zandkopsdrift is a strong vote of confidence in both the potential of the Zandkopsdrift project and the management of Frontier. With our partnership with Kores and a significantly strengthened balance sheet, we believe that Frontier is very well positioned to meet its objective of becoming the next major producer of separated rare earths outside of China.” 

Read more: Kores Completes Acquisition of 10% Interest in Frontier Rare Earths' Zandkopsdrift Project for C$23.8 Million

Frontier Rare Earths Provides An Update On Its Kores Joint Venture

November 27, 2012

Toronto, Ontario: Frontier Rare Earths Limited (TSX: FRO) (“Frontier” or the “Company”) is pleased to provide an update on the status of its strategic partnership agreement with Korea Resources Corporation (“Kores”), the Korean Government-owned mining and natural resource investment company.

Read more: Frontier Rare Earths Provides An Update On Its Kores Joint Venture

Frontier Rare Earths Provides An Update On Its Zandkopsdrift Project And Other Corporate Activities

November 7, 2012

Toronto, Ontario: Frontier Rare Earths Limited (TSX: FRO) (“Frontier” or the “Company”) is pleased to provide a progress update on the Preliminary Feasibility Study that is being carried out at its
Zandkopsdrift rare earth element project in South Africa (“Zandkopsdrift”) and on the Company’s other exploration, development and corporate activities.

Read more: Frontier Rare Earths Provides An Update On Its Zandkopsdrift Project And Other Corporate Activities

Frontier Rare Earths And Kores Significantly Expand Strategic Partnership To Develop Zandkopsdrift Rare Earth Project

October 23, 2012

Highlights:

• Kores option to increase its participation up to a 50% or equal interest with Frontier in Zandkopsdrift (see note 1), together with an off-take right and obligation for up to 50% of production from Zandkopsdrift

• Kores to arrange project finance for entire Zandkopsdrift development on best available market terms

Read more: Frontier Rare Earths And Kores Significantly Expand Strategic Partnership To Develop Zandkopsdrift Rare Earth Project

Frontier Rare Earths Provides Update On Joint Venture With Kores - Negotiations At Advanced Stage On Significant Expansion Of Strategic Partnership Agreement

October 1, 2012

Toronto, Ontario: Frontier Rare Earths Limited (TSX: FRO) (“Frontier” or the “Company”) today provided an update on its strategic joint venture with Korea Resources Corporation (“Kores”), which is designed to advance the development of Frontier’s Zandkopsdrift rare earth project. Kores is a Korean Government-owned mining and natural resource investment company and has a mandate to ensure that Korean industry has access to strategically important mineral resources.

Read more: Frontier Rare Earths Provides Update On Joint Venture With Kores - Negotiations At Advanced Stage On Significant Expansion Of Strategic Partnership Agreement