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Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. Sparty's posts nearly always relate to companies that he either holds, has held or intends to hold.
Main Forum•Hastings: Major resource upgrade
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Major Resource Upgrade at Yangibana Neodymium Project
Highlights·
- Updated resource estimate includes the first Measured Resources* for the Yangibana Project.
- Total diluted resources are 13.4 million tonnes at 1.18% total rare earths oxides (TREO) including 0.39% neodymium plus praseodymium oxides (Nd2O 3+Pr2O3).
- This represents a 19% increase in contained TREO compared with the October 2015 resource estimate.
- New figures show a 22% increase in contained Nd2O3+Pr2O3, used in the high-growth permanent magnets industry, compared with previous estimate.
*Measured Resources are the highest category of resource classification, where the details of the mineralisation are so well established that the resources can be estimated with sufficient confidence to support production planning and the economic viability of the deposit.
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