Hastings Releases Maiden JORC Resource for Yangibana Project

Hastings Rare Metals Ltd. (ASX:HAS) announced the results of a maiden JORC resource estimate for its Yangibana project. It’s based on May 2014 reverse-circulation drilling at the Yangibana North prospect.

Highlights include:

• Total JORC Resource of 3.36 million tonnes comprising Indicated Resource of 1.86 million tonnes at 1.38% TREO and Inferred Resource of 1.50 million tonnes at 1.29% TREO at a 0.5% TREO cut-off
• Major increase of 290% in contained TREO compared to previous non-JORC estimate
• Significant Neodymium (Nd2O3), a critical rare earth oxide, is included in the contained TREO, withaverage grade of 2,700ppm (0.27%)
• Upgraded resource covers only 825m of strike length to a maximum 400m down-dip to a maximum vertical depth of 100m below surface
• Resource remains open in all directions with mineralisation cropping out to east and west
• Additional reverse circulation and diamond drilling to commence in Q4 on neighbouring targets within the 550 sq km tenements at Yangibana

Click here to read the full Hastings Rare Metals Ltd. (ASX:HAS) press release.