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Yangibana Rare Earth Project - Resource Update
Yangibana Rare Earth Project - Resource Update.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 2579X Cadence Minerals PLC 22 November 2017 \n\nCadence Minerals Plc\n \n(\"Cadence Minerals\", \"Cadence\" or \"the Company\")\n \nYangibana Rare Earth Project - Resource Update\n \nCadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to report that Hastings Technology Metals Limited (\"Hastings\") (ASX: HAS), the operator of the Yangibana Rare Earth Project (\"Yangibana\"), has announced a final JORC Code Resource for 2017 of 21 million tonnes at 1.17% of Total Rare Earth Oxides (\"TREO\").\n \nCadence has a 30% free carried interest in some of the tenements included in the Yangibana mineral resource statement. The Yangibana deposit hosts extensive rare earths-bearing ferrocarbontite /ironstone veins that were evaluated by drilling in the 1980s and by Hastings in 2014 and 2015. It has the potential to host larger, carbontite-hosted rare earth mineralisation at depth, but this target has yet to be assessed.\nOf the mineral resource reported the total resource in the tenements in which Cadence holds a 30% is as follows:\n\n\n\n\nTotal Resource in Tenements 30% held by Cadence\n\n\n\n\nCategory\n\n\nTonnes\n\n\nNd2O3+Pr6O11\n\n\nTREO\n\n\nNd2O3\n\n\nPr6O11\n\n\nDy2O3\n\n\nTb4O7\n\n\n\n\n\n\n\n\n\n\n%\n\n\n%\n\n\nppm\n\n\nppm\n\n\nppm\n\n\nppm\n\n\n\n\nMeasured\n\n\n 900,000 \n\n\n0.43\n\n\n1.64\n\n\n3,258\n\n\n997\n\n\n42.8\n\n\n17.55\n\n\n\n\nIndicated\n\n\n 2,100,000 \n\n\n0.46\n\n\n1.76\n\n\n3,507\n\n\n1,061\n\n\n45.1\n\n\n17.39\n\n\n\n\nMeas + Ind\n\n\n 2,900,000 \n\n\n0.45\n\n\n1.72\n\n\n3,433\n\n\n1,042\n\n\n44.4\n\n\n17.44\n\n\n\n\nInferred\n\n\n 2,700,000 \n\n\n0.37\n\n\n1.42\n\n\n2,806\n\n\n860\n\n\n39.6\n\n\n14.17\n\n\n\n\nTOTAL\n\n\n 5,600,000 \n\n\n0.41\n\n\n1.58\n\n\n3,134\n\n\n955\n\n\n42.1\n\n\n15.88\n\n\n\n\nNote: Rounding errors may occur\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nThis total resource represents some 36% of the entire mineral resource of Yangibana and importantly has a similar Nd2O3+Pr6O11 grade to the resource in areas not covered by the tenements jointly owned by Caden...