The Yangibana rare earths project in Western Australia has progressed with a $210 million contract, in line with staged development, for a beneficiation plant and associated infrastructure. SCHEDULE Cadence Minerals plc said that the operator Hastings Technology Metals had signed the engineering, procurement and construction (EPC) agreement with GR Engineering Services Ltd. The contract includes […]
Tag: Hastings Technology Metals
Cadence welcomes non-binding off-take for rare earths
Cadence Minerals plc welcomed a non-binding heads of agreement with a potential offtake partner for rare earth elements concentrate from the Yangibana project in Western Australia. FEEDSTOCK Hastings Technology Metals, to which Cadence sold its project share, signed the deal with Neo Performance Materials Inc. In Stage I, Hastings supply up to 25,000 tonnes per […]
Cadence notes progress at Bynoe-Yangibana
Cadence Minerals plc this week noted the discovery of “very large zones” of lithium anomalism in progress from its two Australian investee companies. BYNOE Results from Evergreeen Lithium Ltd’s geochemical programme at its flagship Bynoe project in the Northern Territory showed anomalies “up to several kilometres long”. Included are anomalies in the geochemical pathfinder elements […]
Cadence completes sale Yangibana rare earths interest
Cadence Minerals plc said it had completed the sale of its working interests in the Yangibana rare earths project tenements to Hastings Technology Metals. TERMS For its 30% stake the company received AUS$9 million (£5.1m) in 2.45m new ordinary shares in owner and operator Hastings. The shares represent approximately 1.9% of the current issued share […]
Cadence sells Yangibana rare earth interest for £5m
Cadence Minerals plc said it had sold its interests in the Yangibana rare earth elements (REE) project in Gascoyne, Western Australia for A$9 million (£5.1m) to joint venture partner Hastings Technology Metals. TRANSACTION The company added that its 30% working interest in the tenements covered a small portion of Yangibana and potentially represented one year of the […]
Cadence notes revised economics for Yangibana
Cadence Minerals plc noted significant progress and revised economics at the Yangibana rare earth project in the Gascoyne region of Western Australia. JOINT VENTURE The company’s Australian joint venture partner Hastings Technology Metals is the operator of the project. Cadence owns 30% of three mining leases and six exploration licences which form part of the Yangibana […]