Hastings Technology Metals Limited (ASX: HAS) – $0.081

21 Nov 2016

Hastings Technology Metals Limited (ASX: HAS) has received further drilling results from the Fraser’s Southwest area within the Yangibana Rare Earths Project located in the Gascoyne Province of Western Australia (Figure 1).



Figure 1. Location of the Yangibana Project in Western Australia



Highlights from recent drilling include:


  • 10 metres at 2.08% Total Rare Earth Oxide (TREO) including 0.69% Nd2O3 + Pr2O3
  • 9 metres at 1.56% TREO including 0.62% Nd2O3 + Pr2O3
  • 6 metres at 1.94% TREO including 0.61% Nd2O3 + Pr2O3



Results from the Fraser’s Southwest area confirm a northern extension of the Auer deposit. Auer North is interpreted to contain three mineralised zones, each with approximate strike lengths of 250 metres. Further drilling is required to the north, at depth beneath and between the three mineralised zones.


The Yangibana Project hosts JORC Indicated and Inferred Resources totalling 12.36 million tonnes at 1.10% TREO including 0.35% Nd2O3 + Pr2O3 comprising 8.13 million tonnes at 1.11% TREO Indicated Resources and 4.24 million tonnes at 1.09% TREO in Inferred Resources.


Rare earth elements are used in a wide variety of applications including smart phones, hybrid cars, wind turbines and energy efficient light bulbs.



For further information, visit hastingstechmetals.com



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