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 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 MREC¹ which it will sell to offtake partners globally.
Hastings Technology Metals Ltd