Rare Earth Minerals (LON:REM) revealed that the pre-feasibility study for the Yangibana rare earth project in Western Australia is to be completed by the end of the fourth quarter, 2015.
Reporting on an announcement made by its Australian joint venture partner for the project Hastings Rare Metals (ASX:HAS), the firm said a team of consultants had now been selected to carry out the study.
These include Snowden Mining, ATC Williams and Mount Magnet Drilling. The latter will undertake both reverse circulation and diamond drilling for the study.
The PFS will include and expansion of the existing JORC resource through drilling at a number of deposits defined by last year's drilling.
David Lenigas, Rare Earth's chairman, told investors: "We are pleased with the appointment of a highly experienced PFS team, including individuals well-versed in developing REE deposits.
"We eagerly anticipate the outcome of the Yangibana REE Project PFS, and are confident that this team will enable the acceleration of its delivery."
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.