Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) releases the latest investment presentation. The presentation outlines the key milestones of the company since 2014 and includes extensive detail on mine planning and construction. Additionally a detailed comparison of rare earth deposits of commercial relevance.
Hastings Technology Metals Ltd
Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) is advancing its Yangibana Rare Earths Project in the Upper Gascoyne Region of Western Australia towards production. The proposed beneficiation and hydro metallurgy processing plant will treat rare earths deposits, predominantly monazite, hosting high neodymium and praseodymium contents to produce a mixed rare earths carbonate that will be further refined into individual rare earth oxides at processing plants overseas.
Neodymium and praseodymium are vital components in the manufacture of permanent magnets which is used in a wide and expanding range of advanced and high-tech products including electric vehicles, wind turbines, robotics, medical applications and others. Hastings aims to become the next significant producer of neodymium and praseodymium outside of China.
Hastings holds 100% interest in the most significant deposits within the overall project, and 70% interest in additional deposits that will be developed at a later date, all held under Mining Leases. Numerous prospects have been identified warranting detailed exploration to further extend the life of the project.
The Brockman deposit, near Halls Creek in Western Australia, contains JORC Indicated and Inferred Mineral Resources, estimated using the guidelines of JORC Code (2012 Edition).
The Company is also progressing a Mining Lease application over the Brockman Rare Earths and Rare Metals Project.
Hastings aims to capitalise on the strong demand for critical rare earths created by the expanding demand for new technology products.
On 30 April 2019, Hastings received in principal eligibility for the UFK scheme for an indicative amount of up to USD140 million based on a planned off take from Schaeffler AG for 5,000 tonnes per annum of mixed rare earth carbonate from the Project's processing plant.
Hastings Technology Metals Limited (ASX:HAS) (FRA:5AM) is pleased to announce successful completion of bulk sample testing through an ore sorting circuit. These outstanding results confirm earlier results from smaller drill core derived samples, which were tested with two different ore sorter vendors.
Hastings Technology Metals Ltd (ASX:HAS) 18% Increase in Ore Reserves, Mine Life Extended to 13 Years
The Directors of Hastings Technology Metals Limited (ASX:HAS) are pleased to announce an increase in the Probable Ore Reserves at the Yangibana Project in the Gascoyne region of Western Australia.
The Directors of Hastings Technology Metals Limited (ASX:HAS) (FRA:5AM) are pleased to announce a 13% increase in Measured plus Indicated Mineral Resources compared to the most recently announced Mineral Resource estimate in November 2018
Hastings Technology Metals Limited (ASX:HAS) (FRA:5AM) is advancing its Yangibana Rare Earths Project in the Upper Gascoyne Region of Western Australia towards production.
Hastings Technology Metals Ltd (ASX:HAS) DRA Pacific Awarded EPCM Contract Yangibana Processing Plant
Hastings Technology Metals Limited (ASX:HAS) (FRA:5AM) is pleased to advise that it has awarded the Engineering, Procurement, Construction and Management (EPCM) contract for its rare earths processing plant.
Ore Reserves tonnages from the new estimate increased by 34% to 10.35 million tonnes at 1.22%TREO including 0.43%Nd2O3+Pr6O11. The updated Ore Reserve extends mine life by 3 years, supporting a +10 year operational life for the Project.
Hastings Technology Metals Limited (ASX:HAS) (FRA:5AM) is pleased to advise that Guy Robertson has been re-appointed a Director of Hastings with effect from today's date.
Hastings Technology Metals Limited (ASX:HAS) (FRA:5AM) is pleased to announce that it received notification from the Hon. Stephen Dawson, Minister for Environment that he has granted the environmental permit for the Yangibana Rare Earths Project.