| Announcement Date: | 2022-10-11 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Hastings Technology Metals Ltd. |
| Project name: | Yangibana |
| Location: | Australia |
| Commodities: | REO |
| Highlight: | Updated Resource Estimate for Project |
| 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 announce an increase in the Mineral Resource Estimate at its Yangibana Rare Earths Project (Yangibana) in Western Australia’s Gascoyne region. The new Mineral Resource estimate (Table 1) is the result of a successful 13,334m drilling campaign at Yangibana during 2021-2022 targeting 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 ore feed required upon project commissioning scheduled for H2 2024. The drilling program increased the Indicated Mineral Resources along the Bald Hill – Simon’s Find – Frasers deposits by 50% to 9.84Mt or by a 31% increase for the Measured + Indicated Mineral Resources to 14.16Mt for the same deposits (Table 2.) Total Mineral Resources at the Yangibana project now stand at 29.93Mt @ 0.93% TREO (Table 1). |
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