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Hastings Rare Metals Ltd.
Summary
| Project: | Yangibana | |
|---|---|---|
| Deposit: | Yangibana | |
| Location: | Australia | |
| Commodities: | Rare Earth | |
| Date: | 11/10/2014 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 10-11-2014: Hastings Rare Metals Ltd. announces a Resource Estimation report for its Yangibana deposit at the Yangibana project. 230% increase in resource at Yangibana project. Hastings Rare Metals Limited (ASX:HAS) is pleased to announce a significant in | |
| Resources: | (Resource, I+I): 6.79Mt @ 1.52% TREO at project | |
| CP/QP: | [Resources]: Simon Coxhell (CoxsRocks Pty Ltd.) | |
| ABSTRACT: | Hastings Rare Metals Limited (ASX:HAS) is pleased to announce a significant increase (+230%) in the JORC compliant resources of Rare Earth Oxides at its Yangibana Project in the Gascoyne Region of Western Australia. The resources were estimated by independent consultant CoxsRocks Pty Limited and are summarised in the tables that follow. All resources were estimated using a 0.5% (5,000ppm) Total Rare Earths Oxides (TREO) cutoff, which correlates with the geological structure hosting the majority of the rare earths at each prospect. Each deposit was modelled on the 0.5% (5,000ppm) TREO cut-off with the models then wireframed to produce 3-D models within which the block-modelling was carried out. Resource grades were calculated for each of the rare earths and the relevant figures were summed to provide TREO and critical rare earths oxides (CREO) figures. A specific gravity/bulk density of 2.8 was used in the estimation of tonnes at each prospect, based on the results of the Company’s measurements on core samples from the recent diamond drilling programme. The total project resources have increased from 3.36 million tonnes (mt) at 1.34% TREO as reported in August 2014 to 6.79mt at 1.52% TREO. This represents an increase in contained tonnes of TREO of around 230% from the reported 45,000 tonnes in August to 103,000 tonnes. | |
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