Environmental Review Document Submitted for Yangibana Project
The lodgement achieves a significant milestone in the Yangibana Project approvals process, and the document confirms that the project can meet the scope of work outlined in the EPA approved environmental scoping document.
Charles Lew, Executive Chairman, commented "lodging the ERD marks a further important milestone in developing the Yangibana Project as a high grade NdPr rare earths production mine.
It is a comprehensive document dealing with environmental, economic and social issues relating to the Yangibana processing and mining operations. Hastings is committed to managing the Yangibana Project in a socially acceptable and environmentally responsible manner."
A thorough understanding of the surrounding environment and the project's environmental impacts has been achieved with detailed studies of:
o Flora and vegetation
o Fauna, including vertebrates, short range endemic fauna and subterranean fauna
o Groundwater and Surface Water
o Waste characterisation including radionuclide assessments
o Baseline radiation assessment (air, soil, water)
o Air quality, including dust
o Heritage values
The ERD demonstrates how any potential impacts from the project that may have been highlighted by the various studies can be managed by Hastings.
One of the key findings of the studies is that the naturally occurring radioactive material can be largely removed from the ore through processing and is retained on-site in Western Australia. As such, the Mixed Rare Earths Carbonate (MREC) is not subject to regulatory requirements of the International Atomic Energy Agency (IAEA) Transport Regulations and can be transported as general freight cargo using existing logistics operators and ports.
Tailings waste will be retained on site in permanent tailing storage facilities. Modelling shows the facilities can be rehabilitated at closure to be below the areas naturally occurring radiation levels.
The EPA will now review the ERD and provide feedback to Hastings prior to the document being released for a four-week public review period.
About Hastings Technology Metals Ltd
- The Yangibana Project hosts Probable Reserves totaling 5.15 million tonnes at 1.12% TREO including 0.45% Nd2O3+Pr6O11 within JORC Resources totalling 21.0 million tonnes at 1.17% TREO (comprising Measured Resources of 3.9 million tonnes at 1.19% TREO, Indicated Resources of 8.6 million tonnes at 1.25% TREO and Inferred Resources of 8.4 million tonnes at 1.09% TREO), including 0.40% Nd2O3+Pr6O11.
- The Brockman deposit contains JORC Indicated and Inferred Resources totalling 41.4 million tonnes (comprising 32.3mt Indicated Resources and 9.1mt Inferred Resources) at 0.21% TREO, including 0.18% HREO, plus 0.36% Nb2O5 and 0.90% ZrO2.
- Rare earths are critical to a wide variety of current and new technologies, including smart phones, electric vehicles, wind turbines and energy efficient light bulbs.
- The Company aims to capitalise on the strong demand for rare earths permanent magnets created by expanding new technologies.
Hastings Technology Metals Ltd