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Hastings Technology Metals Ltd.
Summary
| Project: | Yangibana | |
|---|---|---|
| Deposit: | Yangibana, Simons Find | |
| Location: | Australia | |
| Commodities: | Rare Earth | |
| Date: | 10/9/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-10-2017: Hastings Technology Metals Ltd. announces an Exploration/Drilling Update report for its Yangibana, Simons Find deposit at the Yangibana project. Drilling results incl. 3m @ 3.23% TREO including 1.6% Nd2O3+Pr6O11 from 18m. Hastings Technology Me | |
| Resources: | (Resource, Total): 170.2Mt @ 1.27% TREO contained at Yangibana | |
| CP/QP: | [Overall Report]: Andy Border (Internal) | |
| ABSTRACT: | Hastings Technology Metals Limited (ASX:HAS) advises that assay results were received from its major 2017 drilling programme, mainly at two new targets, Yangibana and Simon’s Find (Figure 1). Both are held 100% by Hastings and neither was included in the Company’s July 2017 JORC Resources. Both have very high ratios of Nd2O3+Pr6O11:TREO. Neodymium and praseodymium are the primary rare earths of Hastings and these are significant discoveries. The Yangibana prospect (Figure 1) lies within Mining Lease M09/165 and was briefly drilltested in 2015. Subsequent mapping and rock chip sampling established the potential for economic rare earths mineralisation over approximately 2.0km of strikelength within the ML, despite the narrow width of the structure at surface. 111 reverse circulation (RC) holes (6,500m) and 3 diamond drillholes (249.4m) were drilled during the recent programme, testing 1.95km of strikelength of discontinuously outcropping ironstone (Figure 2). Simon’s Find prospect (Figure 1) covers a discontinuously outcropping ironstone unit within Exploration Licences E09/2018, E09/2129 and E09/1943 that extends over 2km between the Bald Hill Southeast JORC resource within M09/157 to the north and the Fraser’s North JORC resource within M09/158 to the south. Previous mapping and rock chip sampling identified this as another potential target for high Nd2O3+Pr6O11:TREO mineralisation, albeit with narrow width at surface. 70 reverse circulation holes (2,895m) and 4 diamond drillholes (263.6m) were drilled during the recent programme, testing some 2.35km of strikelength of discontinuously outcropping ironstone (Figure 3). | |
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