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Quarterly Activities Report
Quarterly Activities Report
Sydney, April 30, 2018 AEST (ABN Newswire) - Hastings Technology Metals Ltd (ASX:HAS) provides the Company's Quarterly Activities Report.

- EPA approval received to initiate construction of Stage 1 - for access road and accommodation village. Accommodation village contract signed.

- Geohydrological drilling completed and water supply source confirmed.

- Final EPA referral documentation expected to be submitted in Q2 2018.

- Commenced drilling program targeted at increasing the Probable Ore Reserves from the current 5.1Mt to ~7.5Mt in Q3 2018 and ~10Mt by Q1 2019

- MOU signed with Thyssenkrupp Raw Materials GmbH

- Fully underwritten rights issue raised $12.2 million.

- Project funding discussions underway.

To view the full report, please visit:
http://abnnewswire.net/lnk/87U9O1SH


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 Probable Reserves totaling 5.15 million tonnes at 1.12% TREO including 0.45% Nd2O3+Pr6O11 within JORC Resources totalling 21.0 million tonnes at 1.17% TREO (comprising Measured Resources of 3.9 million tonnes at 1.19% TREO, Indicated Resources of 8.6 million tonnes at 1.25% TREO and Inferred Resources of 8.4 million tonnes at 1.09% 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
Chairman
T: +61-2-9078-7674

Stefan Wolmarans
Chief Operating Officer
M: +61-488-070-534



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