Yangibana Update - Maiden JORC resource expected

RNS Number : 1293O

Rare Earth Minerals PLC

04 August 2014

 



4 August 2014

Rare Earth Minerals Plc.

("Rare Earth Minerals", "REM" or "the Company")

Yangibana Update - Maiden JORC resource expected.

Rare 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.

Details of Ownership:

On 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).

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For further information please contact: 

Rare Earth Minerals plc                                                                   [phone]

David Lenigas

Kiran Morzaria

WH Ireland Limited (NOMAD & Joint Broker)                               [phone]

James Joyce

Nick Field

Hume Capital plc (Joint Broker)                                                     [phone]

Guy Peters

Jon Belliss

Square1 Consulting

David Bick, Mark Longson                                                                  [phone]

 

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