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Hastings Technology increases rare earths resources 12.5% at Yangibana

Hastings Technology Metals Ltd. posted an increase in resources at its Yangibana project in Western Australia, with a 12.5% increase in tonnes of contained total rare earths oxides and a 19.4% increase in contained neodymium plus praseodymium oxides.

The company said Oct. 12 that the update incorporates data from recent drilling as well as infill drilling at Yangibana North.

Yangibana hosts measured, indicated and inferred resources totaling 20.6 million tonnes at 1.18% total rare earths oxides, or TREO, including 0.40% neodymium plus praseodymium oxides, which includes an initial measured resource estimate for the company's 70%-owned Yangibana North deposit.

The update also includes resources of about 2.17 million tonnes at the Yangibana deposit and 1.31 million tonnes at the Simon's Find deposit, which were not included in the previous estimate completed in July.

Hastings Technology noted that contained TREO increased to 243,000 tonnes, compared to 216,000 tonnes in the previous estimate, with contained neodymium plus praseodymium oxides increasing from 68,900 tonnes to 84,240 tonnes.