Home » Posts tagged 'Australian mining news'

Tag Archives: Australian mining news

Cadence Minerals #KDNC – Hastings Technology Metals (ASX: HAS) announces revised Mineral Resource and Ore Reserve Statements for the Yangibana Rare Earth Project.

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce Hastings Technology Metals (ASX:HAS) (“Hastings”), Cadence’s joint venture partner at the Yangibana Rare Earth Project in the Gascoyne region of Western Australia (“Yangibana” “Yangibana Project”), has announced on the 31 October and 4 November 2019 revised Mineral Resource and Ore Reserve statements for the Yangibana Rare Earth Project.

Cadence Minerals Yangibana Holding:

Cadence owns 30% of the Yangibana, Yangibana North, Gossan, Hook, Kanes Gossan and Lions Ear Rare Earth Deposit, which form part of the Yangibana Rare Earth Deposit. As a result of these recent announcements Cadence joint venture tenements have the following Ore Reserves and Mineral Resources.

Table 1 -Total JORC (2012) Ore Reserves November 2019 (100%)

Deposit M Tonnes % TREO % Nd2O3+Pr6O11
Yangibana 0.10 0.78 0.28
Yangibana North 1.76 1.39 0.37
Total 1.86 1.36 0.37


Table 2 – Total JORC (2012) Mineral Resources October 2019 (100%)

Deposit Category M Tonnes % TREO % Nd2O3+Pr6O11
Yangibana Indicated 0.16 0.78 0.39
Inferred 0.07 0.85 0.42
Yangibana North Measured 0.5 1.42 0.36
Indicated 3.6 1.4 0.36
Inferred 0.5 1.45 0.37
Others* Inferred 1.82 1.36 0.34

*This includes Gossan, Hook, Kanes Gossan and Lion’s Ear.

The full releases, including detailed summaries of ore reserves and mineral resource changes can be found at: https://www.asx.com.au/asxpdf/20191031/pdf/44b34bbqjb99yg.pdf & https://www.asx.com.au/asxpdf/20191104/pdf/44b7swzfb3dv7n.pdf

Cadence CEO Kiran Morzaria commented: “Following the key appointment of DRA Pacific in October, on behalf of myself and Cadence Minerals we are delighted with these recent announcements at Yangibana. Each step forward is providing solid validation for our investment strategy into the Yangibana joint venture, and with the project now firmly in development phase, we await further news with great interest.”

– Ends –

For further information:

Cadence Minerals plc +44 (0) 207 440 0647
Andrew Suckling
Kiran Morzaria
WH Ireland Limited (NOMAD & Broker) +44 (0) 207 220 1666
James Joyce
James Sinclair-Ford
Novum Securities Limited (Joint Broker) +44 (0) 207 399 9400
Jon Belliss  

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

Forward-Looking Statements:

Certain statements in this announcement are or may be deemed to be forward-looking statements. Forward-looking statements are identified by their use of terms and phrases such as ‘‘believe’’ ‘‘could’’ “should” ‘‘envisage’’ ‘‘estimate’’ ‘‘intend’’ ‘‘may’’ ‘‘plan’’ ‘‘will’’ or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors’ current expectations and assumptions regarding the Company’s future growth results of operations performance future capital and other expenditures (including the amount. nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward-looking statements reflect the Directors’ current beliefs and assumptions and are based on information currently available to the Directors.  Many factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward-lookingstatements.

I would like to receive Brand Communications updates and news...
Free Stock Updates & News
I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.