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Australia

Yangibana Project

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Australia

Yangibana Project

Location: 270 NE from Carnarvon, Western Australia, Australia

Project Contacts:

Level 3, 5 Mill Street
PO BOX 7339 Cloisters Square PO WA 6850
Perth
Western Australia, Australia
6000

Contacts:

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Categories

Overview

Mine TypeOpen Pit
StageConstruction
Commodities
  • REE
  • Neodymium
  • Praseodymium
Mining Method
  • Truck & Shovel / Loader
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Mine Life... Lock
SnapshotHastings is focused on the development of the Company’s flagship Yangibana Project. Company activities in the 2023 financial year were primarily focused on early infrastructure works at the Yangibana Project.

The Yangibana Project is now ready to commence full construction of the plant following the finalisation of early works. This includes the 294-room Kurrbili Village, 20 kilometres of site access roads, a two-kilometre long airstrip and the SipHon Well Borefield with 30 kilometres of pipeline for water supply.
Latest NewsHastings Technology Metals: Yangibana development holding steady     November 14, 2024

Owners

SourceSource
CompanyInterestOwnership
Hastings Technology Metals Ltd. 100 % Indirect
Hastings Technology Metals Ltd owns the Yangibana Project through the 100% ownership of twenty-two (22) tenements/exploration licences and thirteen (13) mining leases, in all covering an area of approximately 590 square kilometres.

Most of the tenements within the project are held by Gascoyne Metals Pty Ltd, a 100% owned subsidiary of Hastings Technology Metals Ltd, and its wholly owned subsidiary Yangibana Pty Ltd.

The world’s leading producer of rare earths permanent magnets, JL Mag Rare-Earth Co., Limited to make a $7 million strategic investment in Hastings for 9.8% of the company. Settlement is expected to occur following customary overseas direct investment approvals.

Contractors

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SourceSource

Deposit type

  • Intrusion related
  • Vein / narrow vein

Summary:

REGIONAL GEOLOGY
One of the key features of the Project area is the widespread occurrence of ironstone dykes that are spatially associated with the ferrocarbonatite intrusions.

The ironstone dykes are surrounded by relatively narrow haloes of fenitic alteration, and locally associated with quartz veining. Fenitic alteration haloes are characterised by the presence of feldspars and/or Naamphiboles and magnetite. The ironstone dykes consist predominantly of goethite, hematite, and magnetite, and are locally weakly radioactive.

The ferrocarbonatites and ironstones occur as sinuous pods and veins generally less than 10m wide, traceable cumulatively for up to 25 kilometres. The ironstones of the Gifford Creek Ferro-Carbonatite Suite (GCFS) have historically been the focus of exploration activity in the area due to enrichment in Rare Earths Elements (REE).

PROJECT GEOLOGY
Rare earths mineralisation at Yangibana is predominantly hosted by monazite, a phosphate mineral. Soon after acquiring its initial interest in the Yangibana Project Hastings identified that there is a significant difference between the rare earthsbearing monazite and the various deposits that form the Yangibana Project.

The belt of semi-continuous outcropping ironstone between Yangibana West and Kane’s Gossan hosts light rare earthsrich mineralisation dominated by Ce-monazite, whereas the ironstones at the other deposits and prospects host light rare earths predominantly in Nd-monazite. This has led to the in-house classification of deposits as being either Western Belt-style or Eastern Belt-style.

MINERALISATION
Eastern Belt-style mineralisation (Nd-monazite dominated) occurs at Bald Hill, Frasers, Auer and Auer North, Simon’s Find, Yangibana and Yangibana South deposits.

Western Belt-style mineralisation (Ce-monazite dominated) occurs at Yangibana West, Yangibana North, Gossan, Lion's Ear, Hook and Kane’s Gossan deposits.

To date, most work has concentrated on the Eastern Beltstyle deposits at Bald Hill and Frasers.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityProductUnitsAvg. Annual
REE Concentrate kt 37
Nd2O3+Pr6O11 Oxide t 3,400

Operational metrics

Metrics
Annual ore mining rate  ....  Subscribe
Tonnes milled, LOM  ....  Subscribe
* According to 2024 study.

Production Costs

CommodityUnitsAverage
Assumed price Nd2O3+Pr6O11 USD  ....  Subscribe
* According to 2024 study / presentation.

Project Costs

MetricsUnitsLOM Total
Total CapEx $M AUD  ......  Subscribe
Net revenue (LOM) $M AUD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M AUD  ......  Subscribe
After-tax NPV @ 11% $M AUD  ......  Subscribe
After-tax IRR, %  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Required Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
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EmployeesContractorsTotal WorkforceYear
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Aerial view:

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