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Hastings Technology Metals Ltd.
Summary
| Project: | Yangibana | |
|---|---|---|
| Deposit: | Bald Hill South | |
| Location: | Australia | |
| Commodities: | Rare Earth | |
| Date: | 7/18/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-7-2016: Hastings Technology Metals Ltd. announces an Exploration/Drilling Update report for its Bald Hill South deposit at the Yangibana project. Drilling results incl. 12m @ 2.12% TREO with 0.90% Nd2O3-Eq from 20m. The Board of Hastings Technology Met | |
| Resources: | (Resource, I+I): 12.36Mt @ 1.10% TREO at Yangibana | |
| CP/QP: | [Overall Report]: Andy Border (Internal) | |
| ABSTRACT: | The Board of Hastings Technology Metals Limited [ASX:HAS] (Hastings or the Company) is pleased to announce further assay results from the infill drilling programme at Bald Hill South within the Yangibana Project. Results continue to support the existing interpretation of the mineralisation and the Company expects to be able to upgrade at least a portion of the current JORC Indicated Resources to the Measured Resource category on completion of the programme. The drilling programme has been temporarily halted due to heavy rains in the Upper Gascoyne region, with drilling expected to recommence in the coming days. The Project‐wide aeromagnetic and radiometric survey has been completed and interpretation has commenced with the aim of prioritising targets for follow up and potentially drilling as part of the resource expansion programme that is planned to commence on completion of the infill drilling programme. A detailed air photo and topographical survey has been completed to expand on the coverage achieved in 2014. This survey covers new potential targets but also provides detailed coverage of potential infrastructure sites, including main access roads from the Shire road to site, to assist site engineering planning. The Company has received assay results from the remaining holes drilled to date as part of the major infill drilling programme to obtain a large composite sample from the Eastern Belt mineralisation at Yangibana. Because of the higher neodymium‐praseodymium (Nd‐Pr) content and the superior metallurgical characteristics of this portion of the overall Yangibana Project compared to the other areas, this Eastern Belt will be the focus of the early development of the Project. | |
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