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Sydney, Oct 4, 2017 AEST (ABN Newswire) - Hastings Technology Metals Ltd (ASX:HAS) (Hastings or Company) is pleased to announce the appointment of Mr Aris Stamoulis as an Executive Director of Hastings Technology Metals Ltd, with effect from todays date.

Mr Stamoulis has been engaged by Hastings over the previous year as a consultant focusing on equity and debt financing for the mine development and production capability of the Yangibana project.

Mr Stamoulis was previously with Deutsche Bank and Morgan Stanley in London, Singapore and Hong Kong and has significant experience in capital markets and structured financing. He holds a Bachelor of Administration (Honours) degree in Economics from the University of Pretoria, South Africa.


About Hastings Technology Metals Ltd

Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) is a leading Australian rare earths company, with two rare earths projects hosting JORC-compliant resources in Western Australia.

- The Yangibana Project hosts JORC Resources totalling 20.56 million tonnes at 1.18% TREO (comprising Measured Resources of 3.79 million tonnes at 1.18% TREO, Indicated Resources of 8.24 million tonnes at 1.27% TREO and Inferred Resources of 8.53 million tonnes at 1.11% TREO), including 0.40% Nd2O3+Pr6O11.

- The Brockman deposit contains JORC Indicated and Inferred Resources totalling 41.4 million tonnes (comprising 32.3mt Indicated Resources and 9.1mt Inferred Resources) at 0.21% TREO, including 0.18% HREO, plus 0.36% Nb2O5 and 0.90% ZrO2.

- Rare earths are critical to a wide variety of current and new technologies, including smart phones, electric vehicles, wind turbines and energy efficient light bulbs.

- The Company aims to capitalise on the strong demand for rare earths permanent magnets created by expanding new technologies.

 


Contact

Charles Lew
Executive Chairman
T: +61-2-9078-7674

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



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