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Hastings Technology Metals Ltd.
Summary
| Project: | Yangibana | |
|---|---|---|
| Deposit: | Yangibana | |
| Location: | Australia | |
| Commodities: | Rare Earth | |
| Date: | 11/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 22-11-2018: Hastings Technology Metals Ltd. announces a Resource Estimation report for its Yangibana deposit at the Yangibana project. Updated mineral resource estimate at the project. The Directors of Hastings Technology Metals Limited (ASX:HAS) are plea | |
| Resources: | (Resource, Total): 21.673Mt @ 1.17% TREO at project | |
| CP/QP: | [Resources]: Lynn Widenbar (Widenbar and Associates Pty Ltd.) | |
| ABSTRACT: | The Directors of Hastings Technology Metals Limited (ASX:HAS) are pleased to announce a 6.7% increase in Measured plus Indicated Resources at the Yangibana Project compared to the most recent JORC Mineral Resource estimate in November 2017 (ASX release titled “Final 2017 JORC Resource Update including Auer and Auer North Results” 22nd November 2017). Measured plus Indicated Resources now stand at 13.38 million tonnes within a total resource of 21.67 million tonnes. The total resource now hosts more than 80,000 tonnes of neodymium and praseodymium oxide, the Company’s main economic driver. JORC Mineral Resources An updated JORC Mineral Resource estimation has been completed by independent consultant Lynn Widenbar and Associates incorporating the recent drilling results from Bald Hill, Fraser’s, Auer and Auer North deposits. The total resources as at October 2018 are as shown in Table 1. Note that in all resource tables rounding errors may appear. The resources are based on a 0.2%Nd2O3+Pr6O11 cut-off, with a minimum width of 1.0m. 0.5m of dilution at grade from both the hangingwall and the footwall is incorporated into the estimation. A proposed drilling programme for 2019 has been established and will commence with holes testing the large aeromagnetic anomaly reported recently (ASX Release titled “Major Aeromagnetic Target Identified at Yangibana” 8th August 2018). TERMINOLOGY USED IN THIS REPORT Total Rare Earths Oxides, TREO, is the sum of the oxides of the light rare earth elements lanthanum (La), cerium (Ce), praseodymium (Pr), neodymium (Nd), and samarium (Sm) and the heavy rare earth elements europium (Eu), gadolinium (Gd), terbium (Tb), dysprosium (Dy), holmium (Ho), erbium (Er), thulium (Tm), ytterbium (Yb), lutetium (Lu), and yttrium (Y). | |
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