HIGHLIGHTS
Updated JORC Resources Estimates for Yangibana Project issued
Indicated Resources now stand at 8.1 million tonnes at 1.07%TREO* containing 0.46%Nd2O3-Eq**
Inferred Resources now stand at 4.2 million tonnes at 1.07%TREO* containing 0.41%Nd2O3-Eq**
Total Resources have increased significantly (29%) from 103,000 contained tonnes of TREO as estimated in November 2014 to 132,500 contained tonnes
Total project resources are now estimated to contain approximately:-
33,900 tonnes of Nd2O3
8,950 tonnes of Pr2O3
590 tonnes of Dy2O3, and
920 tonnes of Eu2O3
Mining studies have commenced with pit optimisations utilising the Indicated Resources at Bald Hill South, Fraser?s, Yangibana West and Yangibana North deposits
Announcement of first JORC Compliant Reserve Estimates anticipated in the coming weeks