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Hastings Technology Metals Ltd.
Summary
| Project: | Yangibana | |
|---|---|---|
| Deposit: | Auer | |
| Location: | Australia | |
| Commodities: | Rare Earth | |
| Date: | 10/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 5-10-2018: Hastings Technology Metals Ltd. announces an Exploration/Drilling Update report for its Auer deposit at the Yangibana project. Drilling results incl. 14.0m @ 1.59% TREO. Hastings Technology Metals Limited (ASX:HAS) is pleased to announce that i | |
| Resources: | (Reserve, Prob.): 7.742Mt @ 1.13% TREO at project | |
| CP/QP: | [Overall Report]: Not stated (n/a) | |
| ABSTRACT: | Hastings Technology Metals Limited (ASX:HAS) is pleased to announce that its 2018 drilling programme at the Yangibana Rare Earths Project has been completed. The infill and extension drilling at the Auer and Auer North deposits (Figure 1) has provided positive results and the Company will release new JORC Resources in the coming weeks. Note that the mineralisation at Auer and Auer North is generally steep (70o -80o ) and the intersected lengths are as much as double the true width. The important Nd2O3+Pr6O11:TREO ratio range mostly from 30-38%, in line with the November 2017 JORC Resource average of 35%. This ratio effects the proportion of the Company’s target oxides of neodymium and praseodymium to TREO in the planned mixed rare earths carbonate product. Figure 2 also shows drilling carried out between Auer Zones 1 and 2. Earlier drilling had indicated that this area was not mineralised but results from the recent drilling provide some encouraging results. As can be seen in Table 1, Auer Zone 4 has provided particularly encouraging results this year with wide intersections of mineralisation encountered from an area with limited outcrop of ironstone. The zone remains open to the northeast and at depth. | |
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