Australia

Yangibana Project

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Overview

Mine TypeOpen Pit
StageConstruction
Commodities
  • REE
  • Neodymium
  • Praseodymium
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life15 years (as of Jan 1, 2022)
ShapshotHastings 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.

Owners

SourceSource
CompanyInterestOwnership
Cadence Minerals Plc. 30 % Indirect
Hastings Technology Metals Ltd. (operator) 70 % Indirect
The greater Yangibana Project is comprised of tenements 100% owned by Hastings - and in part of tenements owned in a production joint venture, 70% owned and managed by Hastings and 30% owned by UK-AIM listed Cadence Minerals PLC (previously known as Rare Earth Minerals (REM)) through its subsidiary Mojito Resources Limited.

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.

Contractors

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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. AnnualLOM
REE Carbonate t 194,000
Nd2O3+Pr6O11 Oxide t 3,400

Operational metrics

Metrics
Annual ore mining rate 00
Annual production capacity 00000
* According to 2022 study.

Production Costs

Commodity production costs have not been reported.

Project Costs

MetricsUnitsLOM Total
Total CapEx $M AUD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M AUD  ......  Subscribe
After-tax NPV @ 8% $M AUD  ......  Subscribe
After-tax IRR, %  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Heavy Mobile Equipment

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Personnel

Mine Management

Source Source
Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Dec 18, 2023
....................... Subscription required ....................... Subscription required Subscription required Dec 18, 2023

EmployeesContractorsTotal WorkforceYear
Subscription required Subscription required Subscription required 2022

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