https://www.miningweekly.com
Construction|Engineering|PROJECT|Services|Technology
Construction|Engineering|PROJECT|Services|Technology
construction|engineering|project|services|technology

Yangibana rare earths project, Australia – update

Image of gold pour

Photo by © Creamer Media

12th May 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

Font size: - +

Name of the Project
Yangibana rare earths project.

Location
Western Australia’s Gascoyne region.

Project Owner/s
Rare earths developer Hastings Technology Metals.

Project Description
Yangibana is on track to be Australia’s next new significant rare earths project.

The project economics have been updated, with ore reserves increasing from 12.2-million tonnes at 1.12% total rare-earth oxides (TREOs) in the 2019 update to 16.7-million tonnes at 0.95% TREOs in the 2022 update.

Production of mixed rare-earth carbonate has remained the same, at 15 000 t/y, containing 3 400 t/y of neodymium and praseodymium oxides.

The life-of-mine has increased from 12 years in the 2019 update to 15 years in the 2022 update.

Potential Job Creation
The project will create about 500 jobs at peak construction and 250 jobs at steady-state operation.

Net Present Value/Internal Rate of Return
The project’s net present value, at an 8% discount rate, has increased from $549-million in the 2019 update to $1.01-billion in the 2022 update. The internal rate of return has increased from 21% to 26%. Payback is estimated at 2.7 years from the start of production.

Capital Expenditure
The project’s total capital cost, including contingency, has increased from $516-million in the 2019 update to $658-million in the 2022 update.

Planned Start/End Date
Targeted first production is scheduled for the fourth quarter of September 2024.

Latest Developments
Hastings Technology Metals has awarded a A$210-million engineering, procurement and construction (EPC) contract to GM Engineering Services. The contract covers the beneficiation plant, with first concentrate delivery scheduled for the first quarter of 2025.

Key Contracts, Suppliers and Consultants
GM Engineering Services (EPC).

Contact Details for Project Information
Hastings Technology Metals, tel +61 8 6117 6118.

To watch Creamer Media's latest video reports, click here
 

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (24/05/2024)
24th May 2024 By: Martin Creamer
Magazine round up | 24 May 2024
Magazine round up | 24 May 2024
24th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.233 0.292s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: