Hastings Technology Metals Ltd (ASX: HAS) has successfully engaged a drilling contractor to commence its 2021 exploration and resource drilling programme at the Yangibana Rare Earths Project in Western Australia’s Gascoyne region.
The focus of the drilling programme is twofold.
Firstly, it is designed to extend currently known, shallow down dip mineralised extensions along the Bald Hill – Simon’s Find – Fraser’s trend with the intention of increasing the existing 27.42Mt JORC Mineral Resource.
The second aspect of the programme will be to infill drill near-surface portions of this trend, which have insufficient drilling to be classified as Measured or Indicated Resources.
Chief Operating Officer, Andrew Reid, said significant potential exists to conduct additional drilling over a 2.7km long zone which is currently classified either as an Inferred Resource or presently outside of the current Mineral Resource.
Drilling is scheduled to commence in late October and be completed by late December 2021. Site preparation and mobilisation of consumables and field staff are underway.
“Last year’s drilling illustrated that almost the entire 8km trend between the Bald Hill and Fraser’s deposits is mineralised,” Mr Reid said.
“The new drilling will continue to fill in the gaps in drill coverage both along strike and down dip, with the target to add high-value tonnages to Yangibana’s Mineral Resource and additional mine life.
“All the planned drilling is within five km of the proposed site of Yangibana’s processing plant, which will likely add near-surface early ore feed and therefore further strengthen the project economics as we finalise debt arrangements for Yangibana’s development and progress early site works including the establishment of the 300- bed accommodation village.”
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