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Hastings Technology Metals Ltd.
Summary
| Project: | Yangibana | |
|---|---|---|
| Deposit: | Yangibana | |
| Location: | Australia | |
| Commodities: | Rare Earth | |
| Date: | 10/11/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-10-2017: Hastings Technology Metals Ltd. announces a Resource Estimation report for its Yangibana deposit at the Yangibana project. Updated resources now exceed 20.5Mt. Hastings Technology Metals Limited (ASX:HAS) advises that the Yangibana JORC Resour | |
| Resources: | (Resource, Total): 20.559Mt @ 1.18% TREO contained at Yangibana | |
| CP/QP: | [Resources]: Lynn Widenbar (Widenbar and Associates Pty Ltd.) | |
| ABSTRACT: | Hastings Technology Metals Limited (ASX:HAS) advises that the Yangibana JORC Resources now exceed 20.5 million tonnes. The updated resources include recent results from the Company’s 2017 drilling programme, including reverse circulation (RC) drilling at two new targets, Yangibana and Simon’s Find (100% owned, Figure 1). These deposits were not included in the Company’s July 2017 JORC Resource estimate. Both Yangibana and Simon’s Find host mineralisation with very high ratios of Nd2O3+Pr6O11:TREO, ranging from 44 to 57%. They are potentially important sources of feed to the Company’s planned production of mixed rare earths carbonate concentrate, as they are enriched in neodymium (Nd) and praseodymium (Pr), for sale into the high growth rare earths magnets industry. The first JORC Measured Resource has been estimated for the Yangibana North deposit (70% owned) following infill drilling results. JORC Resource estimation was completed by independent consultant Mr. Lynn Widenbar, principal of Widenbar and Associates Pty Limited, to take account of the recent drill results reported in the ASX Release dated 9th October titled “High Neodymium (Nd) And Praseodymium (Pr) Ore Grade Content Confirmed At New Targets”. The new estimation provides the first resources for the recently discovered Yangibana and Simon’s Find deposits, and include the first Measured Resources at Yangibana North. The updated total JORC Resources for the Yangibana Project are shown in Table 1. | |
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