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Hastings Technology Metals Ltd.

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Summary

Project:

Yangibana

Deposit:Yangibana
Location:Australia
Commodities:Rare Earth
Date:11/4/2019
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Mine Development
Report details:4-11-2019: Hastings Technology Metals Ltd. announces a Resource Estimation report for its Yangibana deposit at the Yangibana project. 18% increase in ore reserves. The Directors of Hastings Technology Metals Limited (ASX:HAS) are pleased to announce an in
Resources:(Reserve, Prob.): 12.20Mt @ 1.13% TREO
CP/QP:[Overall Report]: Stephen O’Grady (Intermine Engineering Consultants)
ABSTRACT:The Directors of Hastings Technology Metals Limited (ASX:HAS) are pleased to announce an increase in the Probable Ore Reserves at the Yangibana Project in the Gascoyne region of Western Australia. Total Probable Ore Reserves have increased to 12.20 million tonnes at 1.13%TREO including 0.40%Nd2O3+Pr6O11, an 18% increase in ore reserve tonnes compared to the previously announced ASX release entitled “Reserves Increase by 34% to 10.35MT covering 10 Years Operation at Yangibana Project” dated 29 January 2019. Charles Lew, Hastings Executive Chairman, said “with this increase in mining reserves and corresponding mine life, Hastings has one of the most exciting rare earths projects amongst our peers which has been strategically and purposefully developed over the last few years. Importantly the work completed during 2019 has significantly derisked the project thereby delivering a high degree of confidence in our mine scheduling and future production.”

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