Hastings Rare Metals Limited, Rare Earth Minerals’ (REM) joint venture partner in the Yangibana Rare Earths Elements project, has been granted three mining leases by the WA Department for Mines and Petroleum for the Yangibana project located in the Gascoyne Region.
The mining leases, which cover a total area of almost 2.300 hectares, relate to the Bald Hill South deposit, the Fraser’s deposit and Yangibana Main, which is part of the Hastings’ joint venture with REM.
Hastings said the granting of the mining leases further de-risked the Yangibana Project and maintained the company’s progress towards development.
This is a very important step in the progress of the Yangibana project,” said Hastings Chairman Charles Lew.
“Combined with the positive results we are achieving with our ongoing resource drilling and metallurgical test work we are confident of achieving the completion of the Pre-Feasibility Study on schedule, and them moving seamlessly forward with the intention of establishing a highly profitable rare earths project in WA.”
Hastings said it will now continue the process of obtaining approvals and permits required to facilitate the development in parallel with completing the Pre-Feasibility Study.