Drilling results have confirmed the Company's conceptual modelling for a large coherent zone extending from Fraser's in the south to Bald Hill in the north (Figure 1*), a distance of 7-8 kilometres, with efforts to rapidly expand and define mineralisation in the newly interpreted and discovered mineralised zones.
The very shallow depths of the mineralised intercepts and proximity to the existing Fraser's
The high NdPr grades and corresponding Nd2O3+Pr6O11:TREO ratios are a unique feature not found in any other rare earth project, except for Yangibana.
The Fraser's Mineral Resource has a calculated Nd2O3+Pr6O11:TREO ratio of 41% (see announcement 18% Increase in Ore Reserve Mine Life Extended by 2 years to 13 years
COO,
2020 Exploration Program
Hasting's commenced the 2020 drilling program with a Reverse-Circulation (RC) drilling rig mobilised to site in mid-June. The program will continue until 4Q2020 and has been designed to achieve three goals:
- Validate the existing Bald Hill Mineral Resource Estimates with close spaced grade control drilling;
- Increase the
- Obtain core samples for additional metallurgical test work and ore characterization studies.
The Company's geological interpretation suggests that there is substantial opportunity to add additional Mineral Resource tonnages in the area Bald Hill - Simon's Find - Fraser's trend. This trend presents the highest opportunity to add Mineral Resources within close proximity to the Processing Plant.
Existing results support and warrant additional drilling, where near-surface extensions to known mineralisation can be traced and identified. Observations from field mapping continue to provide new insights into the local geology and its structural settings, which conceptually offer the greatest opportunity to host additional resources.
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/4PNS58C0
About
Neodymium and praseodymium are vital components in the manufacture of permanent magnets which is used in a wide and expanding range of advanced and high-tech products including electric vehicles, wind turbines, robotics, medical applications and others. Hastings aims to become the next significant producer of neodymium and praseodymium outside of
Hastings holds 100% interest in the most significant deposits within the overall project, and 70% interest in additional deposits that will be developed at a later date, all held under Mining Leases. Numerous prospects have been identified warranting detailed exploration to further extend the life of the project.
The Brockman deposit, near
The Company is also progressing a
Hastings aims to capitalise on the strong demand for critical rare earths created by the expanding demand for new technology products.
Contact:
Chairman
T: +65-6220-9220 /+61-8-6117-6118
Chief Operations Officer
T: +61-487-888-787
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