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Hastings Technology Metals Ltd.
Summary
| Project: | Yangibana | |
|---|---|---|
| Deposit: | Simons Find | |
| Location: | Australia | |
| Commodities: | Rare Earth | |
| Date: | 2/25/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-2-2020: Hastings Technology Metals Ltd. announces a Resource Estimation report for its Simons Find deposit at the Yangibana project. Updated Mineral Resource Estimate for the Yangibana Project. The Directors of Hastings Technology Metals Limited (ASX: | |
| Resources: | (Resources, Total): 20.86Mt @ 1.12% TREO, 0.38% Nd2O3+Pr6O11 | |
| CP/QP: | [Resources]: David Princep (Independent) | |
| ABSTRACT: | The Directors of Hastings Technology Metals Limited (ASX: HAS) are pleased to announce a significant change to the Mineral Resource classifications for the Simon’s Find deposit. A Mineral Resource re-estimate for Simon’s Find was instigated as part of a review of all Mineral Resources which commenced during 2019. This resulted in a material change of the Mineral Resource Categories for the Indicated and Inferred portions. Indicated Resource tonnages increased by 73% with a corresponding decrease of 84% for the Inferred tonnages when compared to the Mineral Resource estimate announced in November 2018 (ASX announcement titled “INCREASE IN MEASURED AND INDICATED RESOURCES AT YANGIBANA PROJECT” 28 November 2018). Total updated Mineral Resource now hosts approximately 5,178t of TREO and 2,719t of neodymium and praseodymium oxide. Charles Lew, Hastings Executive Chairman, said “this significant increase in Indicated Mineral Resources is a great result. We are confident that the increase in the Indicated Mineral Resource will lead to an expected increase in Ore Reserves and extend the mine life which underpins the project financing.” | |
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