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Project Director Appointed for Yangibana Rare Earths Project
Project Director Appointed for Yangibana Rare Earths Project
Sydney, May 12, 2017 AEST (ABN Newswire) - Hastings Technology Metals (ASX:HAS) (Hastings or the Company) is pleased to announce that it has appointed Mr. Kok Hoong Leong as Project Director for the Yangibana Rare Earths Project.

Mr. Leong, a qualified engineer with over 30 years' experience, was previously the Senior Project Manager for Lynas Malaysia/Lynas Corporation (ASX:LYC) responsible for the engineering, procurement, construction and commissioning of two brownfields rare earths processing plants in Kuantan, Malaysia and at Mt Weld, Western Australia with a total capital cost of A$240 million.

Mr. Leong has also worked with Petroliam Nasional Berhad (Petronas), as project manager for two petrochemical plants and held senior roles in a number of its subsidiary and joint venture companies. He holds a Bachelor of Science (Honours) degree in Electrical Engineering from Leeds University.

Charles Lew, Chairman, commented "we are pleased to have an engineer of Mr. Leong's calibre and experience on board as we move towards completion of the Definitive Feasibility Study and enter the engineering design, procurement and construction phase of the project. Mr. Leong successfully managed a similar rare earths project at Lynas phase 2 which was completed on time and on budget".

About Hastings Technology Metals Ltd

Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) is currently developing a rare earths mine and processing plant at Yangibana in the Gascoyne Region of Western Australia. The processing plant is anticipated to commence production of MREC in late 2019. Hastings has completed both beneficiation and hydrometallurgy pilot plants, in the process producing MREC samples which are high in neodymium and praseodymium content. These are critical materials for the production of permanent magnets and other technology applications. The MREC will be capable of being further separated and refined to produce a number of individual rare earth oxides outside of Australia. Hastings estimates an annual production quantity of 15,000 tonnes of MREC which it will sell to offtake partners globally.



Charles Tan
Chief Operating Officer
M: +61-457-853-839

Aris Stamoulis
Corporate Finance Director
M: +61-455-105-607

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