Hastings Completes Rare-Earth Scoping Study

Mining Weekly reported that Hastings Rare Metals (ASX:HAS) had a positive scoping study at its Western Australian rare earth project.

As quoted in the market news:

The study assumed an initial mine life of 15-years, with the project producing 150 t of dysprosium oxide, 1 000 t of yttrium oxide, based on a one-million-ton-a-year mining rate. Annual net cash flow is expected to exceed A$150-million a year. Based on the study assumptions, the project also had a net present value in excess of A$500-million.

Click here to read the full Mining Weekly report.