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Hastings Technology Metals Ltd.
Summary
| Project: | Yangibana | |
|---|---|---|
| Deposit: | Yangibana | |
| Location: | Australia | |
| Commodities: | Rare Earth | |
| Date: | 7/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 24-7-2017: Hastings Technology Metals Ltd. announces a Resource Estimation report for its Yangibana deposit at the Yangibana project. Updated resource estimate and new drilling results incl. 16m @ 1.70% TREO from 72m. Additional assay results have been re | |
| Resources: | (Resource, Total): 17Mt @ 1.27% TREO contained at Yangibana | |
| CP/QP: | [Resources]: Lynn Widenbar (Not stated) | |
| ABSTRACT: | Additional assay results have been received from Hastings Technology Metals Limited’s (ASX:HAS) 2017 drilling programme at Yangibana. These results are from the western extension to the current JORC Resources at Bald Hill, following up on results released to the ASX on 7 th June 2017; from the Yangibana West deposit; and from the Auer and Auer North deposits. Each of these deposits occur within tenements controlled 100% by Hastings, with Bald Hill and Yangibana West within granted Mining Leases. These results are now incorporated in an updated JORC resource estimate completed by independent consultant Lynn Widenbar, Principal of Widenbar and Associates. These new resources indicate a major increase in overall resource tonnes, with a 37% increases in the tonnes of contained total rare earths oxides (TREO) and a 32% increase in the tonnes of contained neodymium and praseodymium oxides. This Resource Estimation will feed into pit optimisations and the various mining studies that are part of the Company’s Definitive Feasibility Study. The combined Measured plus Indicated Resources have increased to over 10.1 million tonnes, with almost 5.8 million tonnes occurring in the Eastern Belt (Bald Hill and Fraser’s) - that is the focus of metallurgical testwork and process design. Continuing metallurgical testwork is being carried out on Western Belt-style mineralisation (Yangibana West and Yangibana North) to identify plant refinements required to treat this material. The ongoing drilling programme aims to increase the Measured plus Indicated Resources of Eastern Belt-style mineralisation, with relatively untested targets at Yangibana, Yangibana South, Simon’s Find, and Terry’s Find, and further expansion drilling at Bald Hill and Auer/Auer North. | |
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