Exceptional Results from Resource Expansion Drilling
- First assay results from 2017 drilling at Yangibana North and Fraser's received
- Holes at Yangibana North tested southern, deeper extension to the known deposit
- Best intersections include:-
6m at 3.86%TREO including 0.91% Nd2O3+Pr6O11
6m at 3.81%TREO including 0.88% Nd2O3+Pr6O11,
8m at 2.17%TREO including 0.52% Nd2O3+Pr6O11,
3m at 5.24%TREO including 1.40% Nd2O3+Pr6O11, and
3m at 4.54%TREO including 1.20% Nd2O3+Pr6O11
- Holes at Fraser's tested northern extension to the known deposit
- Best intersections include:-
5m at 1.39%TREO including 0.68% Nd2O3+Pr6O11, and
1m at 2.11%TREO including 0.81% Nd2O3+Pr6O11
The current JORC Resources at Yangibana North are shown in Table 1 (see the link below).
Assays have also been received from drilling at the northern extension of the current Measured and Indicated Resources at Fraser's. Results indicate potential for a limited increase in the current JORC Resources that are shown in Table 2 (see the link below).
Table 3 (see the link below) provides a summary of the best intersections in results received to date from Yangibana North.
Holes YGRC77-84 tested the potential southern extension of mineralisation towards the eastern end of the Yangibana North Resources. Results are in line with adjacent, previously drilled holes and it is likely that the next pit optimisation, to be completed in the near future as part of the Company's ongoing Definitive Feasibility Study, will extend the pit over this area.
Holes YGRC85-91 tested the western portion of the Yangibana North Resources where the mineralisation is relatively shallow and flat-lying. The high grades returned in three of the recent holes, including Nd2O3+Pr6O11 grades exceeding 1.0% in two holes, are very encouraging and will enhance the next JORC resource estimation and subsequent pit optimisation.
Collar locations of drilling completed to date at Yangibana North are shown in Figure 1 (see the link below). Drillhole parameters are provided in Appendix 1 (see the link below), and assay details are provided in Appendix 2 (see the link below).
Table 4 (see the link below) provides a summary of the best intersections in results received to date from Fraser's.
Drillhole parameters are provided in Appendix 3 (see the link below), and assay details are provided in Appendix 4 (see the link below).
TERMINOLOGY USED IN THIS REPORT
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).
To view tables and figures, please visit:
About Hastings Technology Metals Ltd
Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) is currently developing a rare earths mine and processing plant at Yangibana in the Gascoyne Region of Western Australia. The processing plant is anticipated to commence production of MREC in late 2019. Hastings has completed both beneficiation and hydrometallurgy pilot plants, in the process producing MREC samples which are high in neodymium and praseodymium content. These are critical materials for the production of permanent magnets and other technology applications. The MREC will be capable of being further separated and refined to produce a number of individual rare earth oxides outside of Australia. Hastings estimates an annual production quantity of 15,000 tonnes of MREC which it will sell to offtake partners globally.
Hastings Technology Metals Ltd