("Cadence Minerals", "Cadence" or "the Company")
Hastings Technology Metals (ASX: HAS) announces 95% Recovery of Ore and 52% improvement in Head Grade from Bulk Ore Sorting Trial.
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce Hastings Technology Metals (ASX:HAS) ("Hastings"), Cadence's joint venture partner at the
Previous small-scale test work has shown that off-the-shelf x-ray transmission (XRT) ore sorting technology could be applied to separate out a barren waste stream from the ore. This presents an opportunity to remove waste dilution material from the mining process before the material is fed into the processing plant, potentially resulting in energy and reagent savings in the beneficiation circuit.
Cadence owns 30% of the Yangibana, Yangibana North, Gossan, Hook, Kanes Gossan and Lions Ear Rare Earth Deposit, which form part of the Yangibana Rare Earth Deposit. The updated Cadence ore statement can be found on the Yangibana Mineral Resource & Ore Reserve statement from 4th
Highlights:
· 95.1% recovery of contained Nd2O3+Pr6O11 on 1.8 tonne sorted bulk sample.
· 52% increase in head grade from 0.71% to 1.08% Nd2O3+Pr6O11 .
· 37.1% of the sample mass rejected from ore sorting testwork.
· Standard commercial ore sorting technology, X-Ray transmission (XRT), has proven to be extremely effective at removing dilution on samples used in the testing programme.
· Technical and engineering programs will continue to investigate the operating scenarios where benefits can be realised for the project.
The full release can be found at: https://www.asx.com.au/asxpdf/20191125/pdf/44bxg9nh63v6kd.pdf
Hastings COO
Cadence CEO
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For further information:
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+44 (0) 207 440 0647 |
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+44 (0) 207 220 1666 |
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+44 (0) 207 399 9400 |
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Qualified Person
Forward-Looking Statements:
Certain statements in this announcement are or may be deemed to be forward-looking statements. Forward-looking statements are identified by their use of terms and phrases such as ''believe'' ''could'' "should" ''envisage'' ''estimate'' ''intend'' ''may'' ''plan'' ''will'' or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth results of operations performance future capital and other expenditures (including the amount. nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward-looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. Many factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward-looking statements.
This information is provided by RNS, the news service of the