Infill Drilling Results Enhance Bald Hill Deposit
Sydney, June 28, 2018 AEST (ABN Newswire) - Hastings Technology Metals Limited (
ASX:HAS) is pleased to announce that its 2018 drilling programme at the Yangibana Rare Earths Project is well advanced and the first assay results have now been received.
HIGHLIGHTS
- Current reserves and resources at Bald Hill enhanced following receipt of assay results
- Best drilling results from Bald Hill which comprised 126 holes for 4,066 metres are outlined in table 1 below (see link below)
- Infill and extension drilling at Auer and Auer North to further increase resources and reserves progressing
- Major infill drilling to provide additional metallurgical samples has been completed at Bald Hill and Fraser's
- Drilling at Auer, Auer North, and Yangibana for geotechnical and geochemical data to enable upgrade to reserves nearing completion
DRILLING RESULTS
Assay results have been received from all holes at the Bald Hill deposit (see Figure 1 in link below), with best intersections shown in Table 1 (see link below) (stand outs highlighted). Details of hole coordinates and assays are shown in Appendices 1 and 2 (see link below).
The RC (reverse circulation) rig has now commenced an infill and extension drilling programme at Auer and Auer North deposits. The aim is to increase the resources at these deposits and to undertake sufficient geotechnical, environmental, metallurgical and mining studies such that additional reserves can be defined by the end of 2018.
The important Nd2O3+Pr6O11:TREO ratio ranges from 37% to 45%, in line with the November 2017 JORC Resource average of 42%. This ratio effects the proportion of the Company's target oxides of neodymium and praseodymium to TREO in the planned mixed rare earths carbonate product.
The Company has also completed RC and diamond drill holes within the defined reserves and resources at the Bald Hill and Fraser's deposits (see Figure 2 in link below) to provide samples to the metallurgical team for testwork to further upgrade the processing plant design and enhance equipment selection.
In addition, the diamond drill rig has completed a short programme to provide comminution and geotechnical samples from Auer, Auer North and Yangibana deposits (see Figure 2 in link below). The results of testwork on these samples will feed into the mining studies that are under way to upgrade portions of each of these deposits from resources to reserves.
TERMINOLOGY USED IN THIS REPORT
Total Rare Earths Oxides, 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:
http://abnnewswire.net/lnk/70J89KTJ
About Hastings Technology Metals Ltd
Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) is advancing its Yangibana Rare Earths Project in the Upper Gascoyne Region of Western Australia towards production. The proposed beneficiation and hydro metallurgy processing plant will treat rare earths deposits, predominantly monazite, hosting high neodymium and praseodymium contents to produce a mixed rare earths carbonate that will be further refined into individual rare earth oxides at processing plants overseas.
Neodymium and praseodymium are vital components in the manufacture of permanent magnets which is used in a wide and expanding range of advanced and high-tech products including electric vehicles, wind turbines, robotics, medical applications and others. Hastings aims to become the next significant producer of neodymium and praseodymium outside of China.
Hastings holds 100% interest in the most significant deposits within the overall project, and 70% interest in additional deposits that will be developed at a later date, all held under Mining Leases. Numerous prospects have been identified warranting detailed exploration to further extend the life of the project.
Brockman Project
The Brockman deposit, near Halls Creek in Western Australia, contains JORC Indicated and Inferred Mineral Resources, estimated using the guidelines of JORC Code (2012 Edition).
The Company is also progressing a Mining Lease application over the Brockman Rare Earths and Rare Metals Project.
Hastings aims to capitalise on the strong demand for critical rare earths created by the expanding demand for new technology products.
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