... zeigt, was Hastings bis heute bereits erreicht hat. Gruß, mad.
Hastings
Development is underway at Hastings' project near Halls Creek in northern WA, east of Derby, and exploration is ongoing. Assays completed in May confirmed the presence of high grade rare metals and heavy rare earths, including zirconium, niobium, tantalum, yttrium, hafnium, gallium, erbium, ytterbium and, importantly, dysprosium. Drilling commenced early this month.
The current resource is 22mt and an interim revised resource estimation is expected in July, followed by a final estimation in September. Also this month, Hastings announced the acquisition of a 60% stake in the Yangibana rare earth project in the Gascoyne region of WA, near the coast between Carnarvon and Dampier. Yangibana is a greenfield site with seven kilometres of under-explored strike length. Chip samples have returned high grades of REEs, including an extremely high proportion of neodymium (Nd; 60) which, like dysprosium, is expected to be in critical shortage in the near term.
Hastings has funded the Yangibana acquisition from cash and is also funding exploration activities at the original development from cash, of which it now has $3.4m on the balance sheet. Make no mistake however – there is a long row yet to hoe. Processing will be another matter altogether, and it took Lynas ten years to get to its current point. What can't be denied nevertheless is that the Lynas share price has rallied 300% in a year. A similar run has been experienced by Iluka.
As noted, Hastings is one of only four REE stocks listed on the ASX with a JORC-qualified resource. Other listed REE companies include Greenland Minerals & Energy ((GGG)), Northern Minerals ((NYU)), Peak Resources ((PEK)) and Kimberley Rare Earths ((KRE)), but while these companies have provided positive test results, they are yet to meet JORC compliance.
With Hastings Rare Metals currently trading at 28c, readers might find the following capitalsation table enticing:
Hastings will not be in a position to exploit the 2-3 year window of Chinese dominance which should see REE prices ex-China continue to come under upward, supply constraint pressure. But given demand for REEs, via demand for all the various twenty-first century applications of REEs, is unlikely to let up over a longer time frame, analysts see REE prices more likely to peak and plateau rather than peak and plummet.
The REE market thus continues to provide investment opportunity as long as investors choose intelligently among the claimants.
http://www.raremetalblog.com/2011/07/make-mine-rare.html
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