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