Quarterly Activities Report
- Variability testwork programs are progressing to identify the compatibility of the process flowsheet to minor mineralogical variations between deposits
- Testwork has confirmed that site water can be used in the beneficiation circuit without treatment
- Water recovered from beneficiation final product streams can be recycled back through the process without further treatment
- 500 gram samples of Mixed Rare Earths Concentrate (MREC) sent to nine potential customers
- Three Memorandum of Understanding (MOU) for future offtake agreements signed with potential customers
- The Environmental Protection Authority (EPA) has approved an early works program to construct the access road and accommodation village
- Total JORC Resource increased to over 20.5 million tonnes
- First JORC Resources at Yangibana and Simon's Find Deposits (Hastings 100%)
- First JORC Measured Resources at Yangibana North (Hastings 70%)
- Capital raising completed for $16.25 million.
- Mr Aris Stamoulis and Mr Guy Robertson appointed to the Board
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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