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Yangibana Update - Maiden JORC resource expected
Yangibana Update - Maiden JORC resource expected.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 1293O Rare Earth Minerals PLC 04 August 2014 \n \n\n \n4 August 2014\n \nRare Earth Minerals Plc.\n \n(\"Rare Earth Minerals\", \"REM\" or \"the Company\")\nYangibana Update - Maiden JORC resource expected.\nRare Earth Minerals (AIM: REM) advises that the securities of Hastings Rare Metals Limited (\"Hastings\"), REM's 70% joint venture partner in the Yangibana Rare Earth Element Project in Western Australia, are in a Trading Halt on the Australian Stock Exchange until the earlier of an announcement to the market concerning a maiden JORC resource on the Yangibana Project or Wednesday 6 August 2014.\nDetails of Ownership: \nOn the 1 December 2012 REM announced that it had acquired a 30% free carried interest to Bankable Feasibility Study (\"BFS\") of the Yangibana Rare Earth Project. Therefore the exploration costs until the commencement of the BFS are borne solely by Hastings Rare Metals Limited (70% owners and operator).\n \n- Ends -\nFor further information please contact: \nRare Earth Minerals plc +44 (0) 207 440 0647\nDavid Lenigas\nKiran Morzaria\nWH Ireland Limited (NOMAD & Joint Broker) +44 (0) 207 220 1666 \nJames Joyce\nNick Field \nHume Capital plc (Joint Broker) +44 (0) 203 693 1470\nGuy Peters\nJon Belliss\nSquare1 Consulting\nDavid Bick, Mark Longson &nbs...