LONDON (ShareCast) - (ShareCast News) - Rare Earth Minerals' joint venture in the Yangibana Rare Earths Elements project in Western Australia, Hastings Rare Metals, has confirmed continuous mineralisation over 0.9km in Yangibana North.
Hastings has a 30% interest in the venture, while Rare Earth owns the other 70%.

"The Yangibana REE project in Australia continues to improve in scale and the results from Yangibana North will help further define the already 3.46m tonnes at 1.73% TREO of indicated and inferred resource at the site," said chairman David Lenigas.

Rare earths are used in a wide variety of current and new technologies, including smart phones, hybrid cars, wind turbines and energy efficient light bulbs.

At 1507 BST, Rare Earth Minerals shares were down 1.1% at 0.9349p.

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE