Update on Yangibana Rare Earths Element Project

RNS Number : 5759J

Rare Earth Minerals PLC

08 April 2015

 

 08 April 2015

Rare Earth Minerals Plc.

("Rare Earth Minerals", "REM" or "the Company")

Update on Yangibana Rare Earths Element Project

Hastings Appoints World Class Team to Complete Yangibana Pre-Feasibility Study

Rare Earth Mineral Plc (AIM: REM) advises that Hastings Rare Metals Limited ("Hastings"), REM's 70% joint venture partner in the Yangibana Rare Earths Elements ("REE") joint venture ("Yangibana") in Western Australia, has made an announcement on ASX. Hastings is pleased to announce that, through an exhaustive selection process, it has selected a team of world class consultants, each renowned in its area of expertise, to develop the Pre-Feasibility Study ("PFS") for the Yangibana Rare Earths Project, with the PFS now to be completed by the end of Q4 2015.

The full Hastings news release dated 8 April 2015 is available at: http://www.hastingsraremetals.com/wp-content/uploads/2015/04/HAS-20150406-Appointment-of-Consultants-V2.pdf

HIGHLIGHTS

·      PFS to include expansion of the existing JORC resource base with infill and extension drilling at a number of the deposits defined by drilling in 2014

·     Tetra Tech Proteus - major international engineering group - lead consultant

·     Other consultants are:-

•     Snowden Mining Consultants - mining studies and resource review

•     Core Process Engineering - process design, hydrometallurgical and separation test work

•     ATC Williams - water management, waste rock and tailings

·     Ecoscape - environmental approvals and permitting

·     Radiation Professionals - radiation management

·     Austwide Mining - heritage protection and native title

·      Mount Magnet Drilling will undertake both reverse circulation and diamond drilling during the PFS stage

David Lenigas, The Company's Chairman, commented;

"We are pleased with the appointment of a highly experienced PFS team, including individuals well-versed in developing REE deposits. We eagerly anticipate the outcome of the Yangibana REE Project PFS, and are confident that this team will enable the acceleration of its delivery."

- Ends -

For further information please contact: 

Rare Earth Minerals plc                                                                   [phone]

David Lenigas

Kiran Morzaria

WH Ireland Limited (NOMAD & Broker)                                        [phone]

James Joyce

Mark Leonard

Square1 Consulting                                                                         [phone]

David Bick

Mark Longson                                                            

 

END

 

 

MSCGUGDSSUGBGUI