Hastings identifies additional rare earth targets
Hastings Technology Metals Ltd.’s (ASX:HAS) Yangibana Project is an advanced exploration project. In 2015, Hastings completed the advanced pre-feasibility study and has since taken steps to advance the project further. Yangibana comprises two mining leases and one mining lease application, ten exploration licenses and a further three exploration license applications and four prospecting licenses that are 100% owned. In addition, one mining lease and a further six exploration licenses within the Yangibana project is a joint venture with REM, in which Hastings holds 70% interest.
On the 18th of October, Hastings reported that they had received the final interpretation of the recent airborne magnetic and radiometric survey over the company’s Yangibana Project in Western Australia.
The data reveals additional rare earth targets. In particular, a total of 108 thorium anomalies were identified, summarized as twenty-two priority areas of significant exploration interests. These priority interests include those mineralized areas that have been tested to date and the data therefor provides additional confidence in the new targets generated.
One of the priority areas identified in the report is the Fraser’s Southwest area. The report, provided by Southern Geoscience Consultants Pty Limited (SGC), expanded on the potential of this area by identifying targets in areas on no outcrop.
SGC also defined the target at the northern end of the Auer prospect in the Fraser’s Southwest area. The Auer North prospect has been successfully drill tested over some 2km under cover, intersecting significant widths of mineralization. These results indicates the success of the geophysical survey.