Announcement PDF 28 July 2015 BALD HILL SOUTH DEPOSIT TO INCREASE Hastings Rare Metals Limited ABN 43 122 911 399 HIGHLIGHTS ASX Code: HAS • Level 25, 31 Market Street Sydney NSW 2000 PO Box Q128 Queen Victoria Building NSW 1225 Australia Telephone: +61 2 8268 8689 Facsimile: +61 2 8268 8699 admin@hastingsraremetals.com • • Board and Management Charles Lew (Chairman) Anthony Ho (Non Exec Director) Malcolm Mason (Non Exec Director) • The Pre-Feasibility Study RC drilling programme at Bald Hill South deposit has delineated major extensions to the north of the current JORC resources Shallow, flat-lying mineralisation of significant grade was intersected over an area of approximately 325m by 300m Best intersections include:14m at 3.11%TREO including 1.78%Nd2O3-Eq* 4m at 2.11%TREO including 1.30%Nd2O3-Eq* 3m at 2.05%TREO including 1.12%Nd2O3-Eq* 5m at 1.98%TREO including 0.91%Nd2O3-Eq* A further increase in JORC resources in the Bald Hill area (Hastings 100% owned) is expected www.hastingsraremetals.com Introduction Following receipt of the first assays from the Pre-Feasibility Study drilling at Bald Hill South, the Board of Hastings Rare Metals Limited (ASX:HAS) is pleased to announce that results confirm the tenor of mineralisation within the portion of the deposit drilled last year (2014), and extend the neodymium-rich mineralisation to the north by some 325m. Drilling to test the westward extension of this target has been completed and assays are awaited. Diamond drilling within the area of the JORC resources and within this northern extension confirmed the interpretation of the mineralised ironstones. Pre-Feasibility Study - Bald Hill South Drilling Programme As indicated in the ASX announcement of 14th July 2015, the first stage of reverse circulation (RC) and diamond drilling for 2015 tested targets adjacent to the Bald Hill South Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 deposit where JORC Indicated Resources of 1.23 million tonnes at 1.22%TREO including 0.65% Nd2O3-Eq* remained open along strike and at depth. Results to date have exceeded expectations and have identified continuous, shallow, flat-lying mineralisation over an area of at least 325m north-south by up to 300m eastwest. The zone remains open to the west and drilling has just completed in this area. Average true thickness would be around 4m and the bulk density is expected to be similar to that measured from last year’s diamond drilling at Yangibana North, being 2.8. Collar positions of the RC holes for which assays are available are shown in Figure 1. Further data on these holes is provided in Appendix 1 and individual assays for the Company’s target oxides (neodymium, praseodymium, dysprosium and europium) from the mineralised zones and surrounding samples are provided in Appendix 2. Figure 1 – Yangibana Project – RC Drill hole coverage to date at Bald Hill South Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Table 1 provides a summary of the best intersections returned from this drilling. Hole No (BHRC) 32 37 51 53 54 58 59 60 61 64 65 67 and 70 71 72 and 75 79 83 87 92 94 103 106 From (m) 4 12 17 9 13 4 7 15 15 36 24 27 35 26 29 0 7 0 22 10 6 42 28 12 30 To (m) 16 17 21 14 18 10 12 22 21 42 29 33 41 42 33 3 10 14 29 14 16 47 38 17 32 Interval (m) 12 5 4 5 5 6 5 7 6 6 5 6 6 16 4 3 3 14 7 4 10 5 10 5 2 % TREO** 0.69 1.21 2.11 1.98 1.22 1.04 1.91 0.90 0.91 1.43 1.35 0.95 1.32 1.24 1.22 2.05 1.75 3.11 1.23 1.36 0.82 1.15 0.78 1.07 1.85 % Nd2O3-Eq* 0.43 0.82 1.30 0.91 0.73 0.56 0.90 0.69 0.53 0.73 0.67 0.50 0.69 0.61 0.80 1.12 1.00 1.78 0.72 0.80 0.52 0.56 0.43 0.54 0.99 Table 1 – Yangibana Project, Best intersections in drilling to date (2015) at Bald Hill South ** TREO is the sum of the oxides of the heavy rare earth elements (HREO) and the light rare earth elements (LREO). HREO is the sum of the oxides of the heavy rare earth elements europium (Eu), gadolinium (Gd), terbium (Tb), dysprosium (Dy), holmium (Ho), erbium (Er), thulium (Tm), ytterbium (Yb), lutetium (Lu), and yttrium (Y). CREO is the sum of the oxides of neodymium (Nd), europium (Eu), terbium (Tb), dysprosium (Dy), and yttrium (Y) that were classified by the US Department of Energy in 2011 to be in critical short supply in the foreseeable future. LREO is the sum of the oxides of the light rare earth elements lanthanum (La), cerium (Ce), praseodymium (Pr), neodymium (Nd), and samarium (Sm). Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Neodymium Equivalence Hastings is concentrating its efforts on the recovery of four important rare earths – neodymium, praseodymium, dysprosium and europium. To portray the grade of the mineralisation Hastings has established neodymium-equivalent figures where:*The Nd2O3 equivalent (Nd2O3-Eq) values have been calculated based on the following rare earths prices. These prices have been established by independent consultants Adamas Intelligence and are being used by Hastings in the evaluation of the project. • Nd2O3 - US$85/kg • Pr2O3 – US$95/kg • Dy2O3 - US$550/kg and • Eu2O3 - US$635/kg Where Nd2O3-Eq = ((Nd2O3grade+((Pr2O3grade*(Pr2O3price/Nd2O3price))+(Dy2O3grade*(Dy2O3price/Nd2O3 price))+ (Eu2O3grade*(Eu2O3price/Nd2O3price))) Such that Nd2O3 Eq = Nd2O3 + (1.1176 x Pr2O3) + (6.4706 xDy2O3) + (7.4706 xEu2O3) These commodity prices were updated from those used previously (Nd2O3 at US$59.5/kg; Pr2O3 at US$119.5/kg; Dy2O3 at US$340/kg; and Eu2O3 at US$725/kg). Positive changes are for neodymium (+43%) and dysprosium (+62%), with a decrease in praseodymium (-21%) and europium (-12%). These changes affect the calculation of Nd2O3-Eq figures and the in-ground value of the mineralisation. Based on the updated prices, the JORC resources at Bald Hill South of 1.23 million tonnes at 1.22% TREO now contain 0.65% Nd2O3-Eq as compared to 0.77%Nd2O3-Eq as previously calculated. Because of the higher Nd2O3 price, the value of the in-ground mineralisation has increased significantly from US$456/tonne to US$646/tonne (+42%). Diamond drilling has been completed both within the area of the JORC resources defined in 2014 and within the northern extension (Figure 1). Drill hole data is provided in Appendix 1. The core has been geologically logged and photographed. It will now be geotechnically logged by mining consultants Snowden with data to assist in pit optimisation studies, prior to selected portions being sent for comminution tests under the management of engineering consultants Tetra Tech Proteus to provide data to assist determination of processing equipment size and power requirements, both for the PreFeasibility Study. Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 For further information please contact: Andy Border, General Manager Exploration +61 2 8268 8689 Guy Robertson, Company Secretary +61 2 8268 8689 About Hastings Rare Metals • Hastings Rare Metals is a leading Australian rare earths company, with two JORC compliant rare earths projects in Western Australia. • The Yangibana Project hosts JORC Indicated and Inferred Resources totalling 6.79 million tonnes at 1.52% TREO, including 0.35% Nd2O3 (comprising 3.96 million tonnes at 1.59% TREO Indicated Resources and 2.83 million tonnes at 1.43% TREO in Inferred Resources). • The Brockman deposit contains JORC Indicated and Inferred Resources totalling 36.2 million tonnes (comprising 27.1mt Indicated Resources and 9.1mt Inferred Resources) at 0.21% TREO, including 0.18% HREO, plus 0.89% ZrO₂ and 0.35% Nb₂O₅. • Rare earths are critical to a wide variety of current and new technologies, including smart phones, hybrid cars, wind turbines and energy efficient light bulbs. • The Company aims to capitalise on the strong demand for critical rare earths created by expanding new technologies. In late 2014 Hastings completed a Scoping Study of the Yangibana Project that confirmed the economic viability of the Project and in early 2015 commenced work on a Pre-Feasibility Study. Competent Person’s Statement The information in this announcement that relates to Resources is based on information compiled by Simon Coxhell. Simon Coxhell is a consultant to the Company and a member of the Australasian Institute of Mining and Metallurgy. The information in this announcement that relates to Exploration Results is based on information compiled by Andy Border, an employee of the Company and a member of the Australasian Institute of Mining and Metallurgy. Each has sufficient experience relevant to the styles of mineralisation and types of deposits which are covered in this announcement and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (“JORC Code”). Each consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Appendix 1 – Drill hole data Easting Hole Type MGA94 Northing MGA94 RL Dip Azimuth Depth RC m BHRC107 RC 428230 7356600 377 -90 0 34 34 BHRC040 RC 428281 7356595 378 -90 0 52 52 BHRC039 RC 428332 7356596 374 -90 0 40 40 BHRC038 RC 428370 7356597 375 -90 0 40 40 BHRC037 RC 428434 7356598 373 -90 0 22 22 BHRC044 RC 428229 7356551 372 -90 0 34 34 BHRC043 RC 428284 7356547 373 -90 0 40 40 BHRC042 RC 428332 7356547 370 -90 0 52 52 BHRC041 RC 428376 7356549 374 -90 0 34 34 BHRC036 RC 428428 7356550 373 -90 0 22 22 BHRC048 RC 428233 7356500 375 -90 0 40 40 BHRC047 RC 428272 7356500 369 -90 0 40 40 BHDT046 RC/DD 428325 7356501 368 -90 0 20.1 9 BHRC045 RC 428375 7356502 368 -90 0 34 34 BHRC035 RC 428417 7356498 369 -90 0 22 22 BHRC052 RC 428214 7356450 368 -90 0 34 34 BHRC051 RC 428259 7356447 369 -90 0 28 28 BHRC050 RC 428311 7356449 364 -90 0 28 28 BHRC049 RC 428368 7356446 368 -90 0 34 34 BHRC034 RC 428413 7356451 365 -90 0 16 16 BHRC056 RC 428166 7356402 370 -90 0 34 34 BHRC055 RC 428223 7356403 364 -90 0 34 34 BHRC054 RC 428274 7356403 365 -90 0 28 28 BHRC053 RC 428324 7356398 368 -90 0 22 22 BHRC033 RC 428378 7356400 364 -90 0 22 22 BHRC060 RC 428177 7356365 365 -90 0 34 34 BHRC059 RC 428227 7356351 364 -90 0 22 22 BHRC058 RC 428278 7356352 361 -90 0 22 22 BHRC057 RC 428324 7356352 365 -90 0 28 28 BHRC032 RC 428383 7356349 362 -90 0 16 16 BHRC063 RC 428152 7356300 365 -90 0 58 58 BHDD112 DD 428202 7356299 361 -90 0 24.1 0 BHRC062 RC 428251 7356302 368 -90 0 34 34 BHRC061 RC 428297 7356300 359 -90 0 28 28 BHRC031 RC 428355 7356298 365 -90 0 22 22 BHRC064 RC 428154 7356260 362 -90 0 52 52 DD m 11.1 24.1 Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Hole Type Easting MGA94 Northing MGA94 RL Dip Azimuth Depth RC m BHRC068 RC 428185 7356199 348 -90 0 50 BHRC067 RC 428243 7356207 355 -90 0 46 46 BHRC066 RC 428293 7356202 355 -90 0 34 34 BHRC030 RC 428334 7356198 362 -90 0 22 22 BHRC070 RC 428248 7356149 357 -90 0 46 46 BHRC069 RC 428300 7356148 360 -90 0 34 34 BHRC029 RC 428348 7356148 367 -90 0 16 16 BHRC074 RC 428238 7356025 352 -90 0 64 64 BHRC072 RC 428366 7356022 349 -90 0 22 22 BHRC076 RC 428303 7355917 361 -90 0 52 52 BHDD110 DD 428354 7355935 352 -90 0 30.4 0 BHRC080 RC 428352 7355827 351 -90 0 52 52 BHRC079 RC 428395 7355831 349 -90 0 40 40 BHRC092 RC 428486 7355214 350 -60 90 58 58 BHRC083 RC 428530 7355217 349 -90 0 22 22 BHRC091 RC 428503 7355163 347 -60 90 64 64 BHRC084 RC 428551 7355168 344 -90 0 34 34 BHRC090 RC 428532 7355111 351 -60 90 52 52 BHRC085 RC 428575 7355117 349 -90 0 22 22 BHRC089 RC 428535 7355065 347 -90 0 64 64 BHRC086 RC 428582 7355069 352 -90 0 28 28 BHRC088 RC 428551 7355013 348 -90 0 64 64 BHRC087 RC 428605 7355018 353 -90 0 28 28 BHDD108 DD 428308 7356031 353 -90 0 33.3 0 BHRC073 RC 428280 7356023 362 -90 0 46 46 BHDD109 DD 428321 7355979 353 -90 0 33.3 0 BHRC075 RC 428360 7355979 350 -90 0 22 22 BHRC078 RC 428349 7355883 355 -90 0 40 40 BHRC077 RC 428387 7355884 356 -90 0 22 22 DD m 30.4 33.3 33.3 BHRC071 RC 428302 7356051 359 -90 0 40 40 BHDD111 DD 428327 7356051 353 -90 0 30.3 0 30.3 BHDD113 DD 428270 7356083 359 -90 0 48.1 0 48.1 BHRC065 RC 428275 7356246 356 -90 0 34 BHRC081 RC 428442 7355718 348 -90 0 34 BHRC082 RC 428398 7355719 353 -90 0 58 58 BHRC017 RC 428389 7356697 363 -60 90 46 46 BHRC093 RC 428597 7355171 346 -90 0 22 22 BHRC094 RC 428270 7356129 358 -90 0 46 46 34 Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Hole Type Easting MGA94 Northing MGA94 RL Dip Azimuth Depth RC m BHRC095 RC 428206 7356149 355 -90 0 58 58 BHRC096 RC 428111 7356296 356 -90 0 46 46 BHRC097 RC 428133 7356196 357 -90 0 70 70 BHRC098 RC 428102 7356266 359 -90 0 64 64 BHRC099 RC 428123 7356355 361 -90 0 40 40 BHRC100 RC 428081 7356352 363 -90 0 46 46 BHRC101 RC 428120 7356400 364 -90 0 34 34 BHRC102 RC 428072 7356402 363 -90 0 46 46 BHRC103 RC 428164 7356451 356 -90 0 34 34 BHRC104 RC 428110 7356449 365 -90 0 28 28 BHRC105 RC 428179 7356502 369 -90 0 34 34 BHRC106 RC 428182 7356551 369 -90 0 40 40 DD m BHRC023 RC 428349 7356903 371 -60 90 52 52 BHDD114 DD 428284 7356595 375 -90 0 30.1 0 30.1 BHDD115 DD 428422 7356553 369 -90 0 18.6 0 18.6 BHDD116 DD 428164 7356404 369 -90 0 29.9 0 29.9 BHDD117 DD 428376 7356398 367 -90 0 20 0 20 BHDD118 DD 428323 7356354 359 -90 0 21.2 0 21.2 BHDD119 DD 428307 7356161 376 -90 0 32.5 0 32.5 BHDD120 DD 428205 7356247 358 -90 0 45.4 0 45.4 Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Appendix 2 – Assay data from mineralised zone and surrounding samples Hole From To Nd ppm Pr ppm Dy ppm Eu ppm %Nd2O3Eq BHRC029 7 8 1332.2 278.6 43.2 45.8 0.26 BHRC029 BHRC029 8 9 9 10 1091.9 3039.4 187.9 472 69.4 173.2 58.1 176.3 0.25 0.70 BHRC029 10 11 2136.8 319.6 155.9 123.5 0.51 BHRC029 BHRC029 11 12 12 13 5195 185.8 1288.3 41.2 70.7 14.5 125.3 8.4 0.94 0.05 BHRC033 4 5 1508.6 366.3 25.6 34.3 0.27 BHRC033 BHRC033 5 6 6 7 2607.1 1783.1 548 366.9 96.8 113.4 98 77 0.53 0.41 BHRC033 7 8 2939.9 585.1 146.3 131.1 0.64 BHRC033 BHRC033 8 9 9 10 1382.6 1669.9 294.2 316 45.6 67.9 50.8 69 0.28 0.35 BHRC033 10 11 2487.8 477.2 161.6 118.9 0.58 BHRC033 BHRC033 11 12 12 13 1082.1 1820.4 234.6 437.3 26.2 31.8 28.9 43.2 0.20 0.33 BHRC033 13 14 1449.6 335.9 32 39.6 0.27 BHRC033 BHRC033 14 15 15 16 2912.2 3612.2 626.3 797 99.4 120.5 101.6 123.7 0.58 0.72 BHRC033 16 17 582.5 112.8 102.2 30.1 0.18 BHRC034 BHRC034 3 4 4 5 1274.7 5266.2 308 1268.4 26.8 77.4 23.4 125.6 0.23 0.95 BHRC034 5 6 3009.6 648.8 37.5 63.2 0.52 BHRC034 BHRC036 6 9 7 10 252.7 811.7 56.7 176 8 15 6.6 18.6 0.05 0.14 BHRC036 10 11 2568 608.9 25.7 42.1 0.43 BHRC036 BHRC036 11 12 12 13 1292.8 1078.4 271.2 244.2 29.2 33.8 34.5 25.9 0.24 0.21 BHRC037 11 12 197.5 36.9 15.1 9 0.05 BHRC037 BHRC037 12 13 13 14 6165.2 4709.7 973.2 1004.6 600.1 100.7 385.1 113.1 1.63 0.85 BHRC037 14 15 1817.5 366.8 31.7 36.9 0.32 BHRC037 BHRC037 15 16 16 17 3523 3806.5 795.2 859 64.4 59.1 73.1 89.9 0.63 0.68 BHRC037 17 18 807.3 153 16.4 17.1 0.14 BHRC038 BHRC038 27 28 28 29 1534 3612.2 288.4 678.5 55.8 60.1 59.5 95.7 0.31 0.64 BHRC038 29 30 3208.8 658.6 47.4 72.4 0.56 Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Hole From To Nd ppm Pr ppm Dy ppm Eu ppm %Nd2O3Eq BHRC038 30 31 754.4 134.6 27.5 28.7 0.15 BHRC038 BHRC039 31 27 32 28 1781.1 63.9 386 14.5 30 6.5 45.3 3.6 0.32 0.02 BHRC039 28 29 5750.4 1458.8 73.3 103.1 1.01 BHRC039 BHRC039 29 30 30 31 6748.3 3556.9 1359.3 739.7 198.2 103.3 220.5 108.6 1.30 0.68 BHRC039 31 32 1998.7 349.6 33.2 46.6 0.34 BHRC040 BHRC040 22 23 23 24 841.6 6901.6 169.1 1620.4 32.8 118.7 30.3 146.6 0.17 1.23 BHRC040 24 25 2043.1 396.4 91.9 76.6 0.42 BHRC041 BHRC041 22 23 23 24 405.4 2691.9 71.2 610.6 40.2 55 22.2 62.7 0.11 0.49 BHRC041 24 25 1988 398 55 60.3 0.38 BHRC041 BHRC041 25 26 26 27 3392.9 815.1 767 156.7 84.6 33.7 94 31 0.64 0.17 BHRC042 22 23 2529.8 556.6 48.1 55.4 0.45 BHRC042 BHRC042 23 24 24 25 4042.5 452.2 876.8 100.5 186.3 22 167.6 16.2 0.87 0.10 BHRC043 12 13 2421.3 596.6 30.9 50.2 0.43 BHRC043 BHRC043 13 14 14 15 2602.6 3171.6 591.5 667.3 52.9 91.9 65.6 98.3 0.48 0.61 BHRC043 15 16 756.2 157.8 26.9 24.8 0.15 BHRC044 BHRC044 16 17 17 18 494.2 4321.7 115.2 1037.6 9.9 162.1 9.9 150.8 0.09 0.89 BHRC044 18 19 2575.2 480.7 152.2 123.1 0.58 BHRC044 BHRC044 19 20 20 21 1145.9 105.1 263.6 20.7 34.5 9.6 31.1 5.3 0.22 0.03 BHRC045 17 18 1696.7 368.4 44.8 45.6 0.32 BHRC045 BHRC045 18 19 19 20 1374.4 3649.4 311.8 924.7 19.9 43.2 29.6 72.1 0.24 0.64 BHRC045 20 21 1361.2 323.8 17.9 28.9 0.24 BHRC045 BHRC048 21 17 22 18 300.4 1489 73.9 285.9 5.6 20.4 7.2 32.1 0.06 0.25 BHRC048 18 19 3231.5 673.1 38.9 68.9 0.55 BHRC048 BHRC048 19 20 20 21 2591.1 136.7 623.8 25.9 41.9 7.3 59.4 6.6 0.47 0.03 BHRC049 14 15 616.5 140.8 20.3 19.4 0.12 BHRC049 BHRC049 15 16 16 17 3393.7 2533 799.7 593.3 50.2 34.2 68 52.1 0.60 0.44 Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Hole From To Nd ppm Pr ppm Dy ppm Eu ppm %Nd2O3Eq BHRC049 17 18 1933 452.6 39.6 47.6 0.36 BHRC049 BHRC050 18 8 19 9 349.2 263.2 73 54.8 14.5 14.4 11.9 10 0.07 0.06 BHRC050 9 10 3890.3 916.9 64.3 80.9 0.69 BHRC050 BHRC050 10 11 11 12 1175.7 2872.5 231.6 678.9 49.8 51.3 47.1 71.8 0.25 0.52 BHRC050 12 13 353.5 76.4 14.3 12.6 0.07 BHRC051 BHRC051 17 18 18 19 1966 3328.9 392.8 661.4 14 80.5 32.6 107.1 0.32 0.63 BHRC051 19 20 12595.4 2564.2 261.5 353.4 2.30 BHRC051 BHRC051 20 21 21 22 9664.6 495.9 2086.4 98.2 306.1 24.9 354.4 26.1 1.93 0.11 BHRC052 21 22 691.6 158.2 7.6 15.4 0.12 BHRC052 BHRC052 22 23 23 24 4123.6 4077.2 905 971.6 30.8 41 77 96.2 0.69 0.72 BHRC052 24 25 4810.2 1092 82.3 129.7 0.88 BHRC052 BHRC053 25 8 26 9 410.9 511 94.6 96.6 12.1 13.1 12.9 11.5 0.08 0.09 BHRC053 9 10 2577.7 457.2 48.4 61.9 0.45 BHRC053 BHRC053 10 11 11 12 6080.8 5600.8 1778.6 1341.7 111.4 153.2 120.5 148.6 1.13 1.07 BHRC053 12 13 8770.1 2264.1 112.7 168.7 1.55 BHRC053 BHRC054 13 13 14 14 1881.5 1965.6 412.4 384.2 43.9 36 51.3 48.7 0.35 0.35 BHRC054 14 15 2813.8 625.3 33.6 55.6 0.48 BHRC054 BHRC054 15 16 16 17 6977 4251.3 1549.9 911.5 139.1 90.7 192.6 121.8 1.29 0.79 BHRC054 17 18 3492.2 728.7 143.5 133.1 0.72 BHRC054 BHRC057 18 13 19 14 136.5 724.6 28.3 144.7 8.2 26.9 4.9 30.9 0.03 0.15 BHRC057 14 15 5034.7 885.3 99.4 187.6 0.94 BHRC057 BHRC058 15 3 16 4 1875.2 377.4 409.1 77.9 33.1 10.5 53.2 11.3 0.34 0.07 BHRC058 4 5 3622.8 881.2 29.2 48.6 0.60 BHRC058 BHRC058 5 6 6 7 957.1 1123.6 211.9 244.5 16.5 16.2 17.5 19.4 0.17 0.19 BHRC058 7 8 4519.1 1001.3 100.6 121.7 0.84 BHRC058 BHRC058 8 9 9 10 5333.4 2564.8 1233.3 521.3 116.5 136.9 165 107.8 1.01 0.56 Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Hole From To Nd ppm Pr ppm Dy ppm Eu ppm %Nd2O3Eq BHRC058 10 11 446.3 94.1 25.8 18.3 0.10 BHRC059 BHRC059 6 7 7 8 656.5 12945.8 169.3 3322.7 13.6 82.1 16.6 163.8 0.12 2.15 BHRC059 8 9 2914.3 759.9 30.4 49.7 0.50 BHRC059 BHRC059 9 10 10 11 2624.5 2668.5 663.7 605.6 45.8 70.9 59.4 82 0.48 0.51 BHRC059 11 12 4569.1 1094.9 101.5 121 0.86 BHRC059 BHRC060 12 5 13 6 248.2 716.9 55.8 180.1 17.5 11.2 11.2 14.5 0.06 0.13 BHRC060 6 7 4684.2 1245.8 34.8 63.7 0.79 BHRC060 BHRC060 7 14 8 15 855.6 575.3 217.2 150 13 8.2 17.4 11.2 0.15 0.10 BHRC060 15 16 3456 735 118.8 136.6 0.71 BHRC060 BHRC060 16 17 17 18 9926.9 2556.4 1643 436.2 570 133.5 607 143.3 2.32 0.58 BHRC060 18 19 1676.2 277.5 87.1 85.2 0.37 BHRC061 BHRC061 16 17 17 18 1413.7 3112.6 315 659.7 21.4 67.6 27.5 75.6 0.25 0.56 BHRC061 18 19 6409.9 1230.4 220.4 211.4 1.26 BHRC061 BHRC061 19 20 20 21 2092.7 2820.4 393.1 533 51.5 33.7 52.3 48.5 0.38 0.47 BHRC061 21 22 432.8 88.8 11.4 11 0.08 BHRC062 BHRC062 7 8 8 9 1815.8 2652.1 333.8 457.3 71.3 105.7 75.5 117 0.37 0.55 BHRC062 9 10 1376.6 216.8 43.4 48.8 0.26 BHRC062 BHRC062 10 11 11 12 894.8 100.2 147 22.7 25.2 5.7 27.2 4 0.17 0.02 BHRC064 35 36 95 21.8 6 3.6 0.02 BHRC064 BHRC064 36 37 37 38 3310.7 3644.4 868.7 735.8 24.2 108.2 39.1 122.5 0.55 0.71 BHRC064 38 39 5904.3 1320.8 112.7 143.4 1.07 BHRC064 BHRC064 39 40 40 41 3957 2121.7 880.1 474.3 73.3 42.3 95.7 49.7 0.71 0.38 BHRC064 41 42 5545.8 1222 79.9 125.7 0.97 BHRC064 BHRC064 42 43 43 44 879.3 500.9 198.2 113.9 19.4 13 22 12.6 0.16 0.09 BHRC065 23 24 1235.4 245 42 37.2 0.24 BHRC065 BHRC065 24 25 25 26 7413.5 5676.8 1776.3 1202.3 54.9 40.9 99.6 76.2 1.22 0.92 Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Hole From To Nd ppm Pr ppm Dy ppm Eu ppm %Nd2O3Eq BHRC065 26 27 1883 369.1 17.9 28.2 0.31 BHRC065 BHRC065 27 28 28 29 1521.4 3800.7 308 786.3 26.6 48.7 30.1 67.6 0.26 0.64 BHRC065 29 30 120.2 25 4.6 2.9 0.02 BHRC067 BHRC067 26 27 27 28 184.1 3680.9 38.2 859.1 14 56.2 7.8 77.2 0.04 0.65 BHRC067 28 29 3452.2 785.1 93.5 92.5 0.65 BHRC067 BHRC067 29 30 30 31 3494.7 966.4 818.7 186 56.9 43 73.5 39.3 0.62 0.20 BHRC067 31 32 2553.2 552.4 82.7 79.5 0.50 BHRC067 BHRC067 32 33 33 34 2084.4 359.6 471.8 82.6 61.7 18.2 53.9 11.5 0.40 0.08 BHRC067 34 35 546.9 123.8 19.7 15.5 0.11 BHRC067 BHRC067 35 36 36 37 3489.4 7610.1 828.9 1888.6 48 64.2 70.8 109.8 0.61 1.28 BHRC067 37 38 2327.4 486.3 62 71.4 0.44 BHRC067 BHRC067 38 39 39 40 2243.3 1661.5 483.4 269.4 65.7 93.4 67.1 84.6 0.43 0.37 BHRC067 40 41 5860.8 1206.5 77.9 105.7 0.99 BHRC067 BHRC068 41 39 42 40 296.2 106.6 63.5 24.1 13.7 11.4 7.6 4.8 0.06 0.03 BHRC068 40 41 4062.3 1023.3 49.4 66.1 0.70 BHRC068 BHRC068 41 42 42 43 4153.2 557 1058 133.8 39.7 17.5 62.3 13.7 0.71 0.11 BHRC069 26 27 2678.1 606 30.2 46.6 0.45 BHRC069 BHRC069 27 28 28 29 4634.8 1807.7 833.6 320.7 48.3 54.8 81.2 51 0.76 0.34 BHRC070 26 27 4232.5 1050.9 37.2 58.6 0.71 BHRC070 BHRC070 27 28 28 29 10469 10849.8 2575.2 2719.8 118.5 106.8 182.1 172.5 1.80 1.85 BHRC070 29 30 982.6 221.2 22.4 23.7 0.18 BHRC070 BHRC070 30 31 31 32 1169.8 2505.4 261.6 536.6 23.3 70.9 28.6 76.4 0.21 0.48 BHRC070 32 33 3073.5 685.2 78.4 84.4 0.58 BHRC070 BHRC070 33 34 34 35 2653.5 3877.2 657.5 820.4 39.2 93.9 53.6 111.6 0.47 0.73 BHRC070 35 36 1367.5 284 49.1 42.4 0.27 BHRC070 BHRC070 36 37 37 38 1845.6 1492 402.4 320.4 42.6 47.4 51.7 47.2 0.34 0.29 Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Hole From To Nd ppm Pr ppm Dy ppm Eu ppm %Nd2O3Eq BHRC070 38 39 1006.3 220.8 31.9 30.9 0.20 BHRC070 BHRC070 39 40 40 41 3749.1 2957.9 866.7 700.8 54.7 41.4 75.7 56.7 0.66 0.52 BHRC070 41 42 2288 454.4 87.9 89.5 0.47 BHRC071 BHRC071 21 22 22 23 2541.2 2959.1 606 623.8 35.1 98.3 53.8 88.6 0.45 0.58 BHRC071 23 24 3477.1 807.8 72.2 85.6 0.64 BHRC071 BHRC071 24 25 25 26 803.4 4404.8 182.8 1060.8 20 51.9 20.5 82.8 0.15 0.76 BHRC071 26 27 308.9 63.8 13.5 10.1 0.06 BHRC071 BHRC071 27 28 28 29 474 716.8 103.5 139.6 13.5 33.2 13.5 28.8 0.09 0.15 BHRC071 29 30 10029.1 1939.3 269.4 310.1 1.89 BHRC071 BHRC071 30 31 31 32 2629.3 2408.2 447.2 472.5 111.7 50.2 105.9 54.5 0.54 0.43 BHRC072 0 1 2155.6 461.1 27 38.2 0.36 BHRC072 BHRC072 1 2 2 3 6248.4 11215.8 1382.3 2312.2 81.9 138.3 127.9 230.9 1.08 1.91 BHRC072 3 4 700.2 133 20.3 18.6 0.13 BHRC072 BHRC072 6 7 7 8 542.1 9518.8 91.2 2054.7 24.2 102.7 18.8 146.5 0.11 1.58 BHRC072 8 9 6927.1 1232.3 75.5 113.7 1.12 BHRC072 BHRC074 9 55 10 56 1699 252.8 344.2 57.4 35.2 9.2 34.3 6.5 0.30 0.05 BHRC075 0 1 8684.1 1809.1 68.5 105.3 1.39 BHRC075 BHRC075 1 2 2 3 13188.1 10690.8 3117.2 2465.6 101.1 90.6 186.2 171.1 2.18 1.78 BHRC075 3 4 5884 1242.6 59.1 98.1 0.98 BHRC075 BHRC075 4 5 5 6 36927.9 6779.2 7264.3 1311.2 588 117.7 883.5 160.3 6.46 1.19 BHRC075 6 7 7492.7 1516.2 131.2 173.5 1.32 BHRC075 BHRC075 7 8 8 9 10986.7 9261.8 2414.5 1831.5 141.9 171.3 209.8 237.2 1.88 1.65 BHRC075 9 10 11861.9 2371.9 245.8 269.3 2.11 BHRC075 BHRC075 10 11 11 12 12311.5 2938.1 2209.4 527.9 375.7 104.3 354.5 89.8 2.31 0.57 BHRC075 12 13 4013.5 775.3 129.8 120.4 0.77 BHRC075 BHRC075 13 14 14 15 1659.6 641.4 334.7 132.5 35.7 13.4 38.4 14.4 0.30 0.11 Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Hole From To Nd ppm Pr ppm Dy ppm Eu ppm %Nd2O3Eq BHRC076 50 51 635.8 107.3 26 26.6 0.13 BHRC076 BHRC077 51 0 52 1 2964.3 870.7 585.2 149.9 77.4 51.5 95.3 42.6 0.56 0.20 BHRC077 5 6 1278.1 272.6 28.6 30.2 0.23 BHRC077 BHRC077 6 7 7 8 4157.3 9024.1 1005.2 2052.8 49 71.7 65.3 117.6 0.71 1.48 BHRC077 8 9 1972.8 444.4 28.8 35.1 0.34 BHRC079 BHRC079 22 23 23 24 2347.1 4672.4 511.1 941.2 39.5 168 56.8 168.7 0.42 0.94 BHRC079 24 25 14422.8 3141.3 230.4 328.8 2.55 BHRC079 BHRC079 25 26 26 27 903 555.2 164.1 89.4 55 44 39 25.8 0.20 0.13 BHRC079 27 28 2697.7 586.3 37.9 50.9 0.46 BHRC079 BHRC079 28 29 29 30 1946.9 617.3 407.8 126.9 27.5 17.4 32.2 13.3 0.33 0.11 BHRC081 1 2 610.1 146.6 22.3 17.5 0.12 BHRC081 BHRC081 2 3 3 4 2974.9 3939 712.9 893.9 65.5 98.9 85.6 131.5 0.56 0.76 BHRC081 4 5 124 27.9 7.9 4 0.03 BHRC094 BHRC094 20 21 21 22 1337.1 4225.8 317.6 1025.8 27.7 67.3 34.7 96.6 0.25 0.76 BHRC094 22 23 2484.4 573.2 50.3 66 0.46 BHRC094 BHRC094 23 28 24 29 1345.6 2246.6 298.4 475.7 32.7 65.9 39.2 63.5 0.25 0.43 BHRC094 29 30 2690.2 630.1 46.9 70.2 0.49 BHRC094 BHRC094 30 31 31 32 3538 1873.5 738.2 420.9 102.8 38.5 107.9 48.2 0.68 0.34 BHRC094 32 33 2077.8 475.8 39.3 54.2 0.38 BHRC094 BHRC094 33 34 34 35 2029 1599.3 453.5 351.9 49.4 40.4 56.3 45.5 0.38 0.30 BHRC094 35 36 1626.4 364.