Announcement Date: 2022-07-25
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Hastings Technology Metals Ltd.
Project name: Yangibana
Location: Australia
Commodities: REO
Highlight: Drilling results incl. 9m @ 2.59% REO from 64m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Australia’s next rare earths producer, Hastings Technology Metals Ltd (ASX: HAS) (Hastings or the Company) is pleased to advise that the final results from the 2021-2022 Yangibana Project Resource Definition RC Drilling program have been received. The drilling program targeted the 8km long Bald Hill – Simon’s Find – Fraser’s trend (Figures 1 and 2) which is in close proximity to the process plant and vital for the feed required upon project commissioning in late 2024. Final results have been received from the recent 170-hole Resource Definition RC Drilling program conducted at the Yangibana Rare Earths Project, with the assays covering Bald Hill and Fraser’s. The drilling has defined strong mineralisation in both deposits, particularly in areas that had limited previous drilling. These results from the 13,334m drilling program have successfully extended current known mineralisation down dip within the mineralised Bald Hill – Simon’s Find – Fraser’s trend below the currently defined Mineral Resource base as well as to infill near-surface portions which had insufficient drilling and were required to be classified as Inferred (Figures 1 and 2). Four holes were drilled at the very north of Bald Hill, within tenure held in Joint Venture with Cadence Minerals Plc. Hasting’s has agreed to acquire Cadence’s 30% interest in the Joint Venture Tenements (ASX: 23rd June 2022 Hasting’s to Acquire 30% Yangibana
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