TORONTO, ONTARIO — (Marketwired) — 08/01/13 — (:AVL)(:AVL) ("Avalon" or the "Company") is pleased to provide a progress update on its Nechalacho Rare Earth Elements Project, Thor Lake, NWT (the "Project"). The Company has been focusing on optimizing the Project development model outlined in its Feasibility Study ("FS"), the results of which were released on . Optimization goals include lowering capital and operating costs, reducing environmental impac