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Hastings Technology Metals Ltd.
Summary
| Project: | Yangibana | |
|---|---|---|
| Deposit: | Yangibana | |
| Location: | Australia | |
| Commodities: | Rare Earth | |
| Date: | 10/31/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 31-10-2019: Hastings Technology Metals Ltd. announces a Resource Estimation report for its Yangibana deposit at the Yangibana project. 13% increase in Measured and Indicated resources. The Directors of Hastings Technology Metals Limited (ASX: HAS) are ple | |
| Resources: | (Resource, Total): 21.25Mt @ 1.12% TREO at project | |
| CP/QP: | [Resources]: David Princep, Lynn Widenbar (Independent) | |
| ABSTRACT: | The Directors of Hastings Technology Metals Limited (ASX: HAS) are pleased to announce a 13% increase in Measured plus Indicated Mineral Resources (for those deposits forming the basis of the Definitive Feasibility released in November 2017) compared to the most recently announced Mineral Resource estimate in November 2018 (ASX announcement titled “INCREASE IN MEASURED AND INDICATED RESOURCES AT YANGIBANA PROJECT” 28 November 2018). Measured plus Indicated Mineral Resources now stand at 15.1Mt within a total Mineral Resource of 21.3Mt. The total updated Measured and Indicated Mineral Resource now hosts approximately 60Kt of neodymium and praseodymium oxide, an increase of 7%, which forms the basis of the Company’s main economic driver. Charles Lew, Hastings Executive Chairman, said “we are extremely pleased that this work has not only confirmed our existing Mineral Resources but has significantly increased the Measured and Indicated portions which drive Mining Reserves. We are confident that the expected increase in Ore Reserve will extend the mine life which underpins the project financing.” | |
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