Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) continued to progress development activities during the quarter with key accomplishments.
Hastings Technology Metals Ltd
- 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.
Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) is pleased to advise that it has received firm commitments to raise A$12 million before costs in a share placement to institutional and sophisticated investors.
Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) releases the latest investment presentation. The presentation outlines the key milestones of the company since 2014 and includes extensive detail on mine planning and construction. Additionally a detailed comparison of rare earth deposits of commercial relevance.
On 30 April 2019, Hastings received in principal eligibility for the UFK scheme for an indicative amount of up to USD140 million based on a planned off take from Schaeffler AG for 5,000 tonnes per annum of mixed rare earth carbonate from the Project's processing plant.
Hastings Technology Metals Limited (ASX:HAS) (FRA:5AM) is pleased to announce successful completion of bulk sample testing through an ore sorting circuit. These outstanding results confirm earlier results from smaller drill core derived samples, which were tested with two different ore sorter vendors.
Hastings Technology Metals Ltd (ASX:HAS) 18% Increase in Ore Reserves, Mine Life Extended to 13 Years
The Directors of Hastings Technology Metals Limited (ASX:HAS) are pleased to announce an increase in the Probable Ore Reserves at the Yangibana Project in the Gascoyne region of Western Australia.
The Directors of Hastings Technology Metals Limited (ASX:HAS) (FRA:5AM) are pleased to announce a 13% increase in Measured plus Indicated Mineral Resources compared to the most recently announced Mineral Resource estimate in November 2018
Hastings Technology Metals Limited (ASX:HAS) (FRA:5AM) is advancing its Yangibana Rare Earths Project in the Upper Gascoyne Region of Western Australia towards production.
Hastings Technology Metals Ltd (ASX:HAS) DRA Pacific Awarded EPCM Contract Yangibana Processing Plant
Hastings Technology Metals Limited (ASX:HAS) (FRA:5AM) is pleased to advise that it has awarded the Engineering, Procurement, Construction and Management (EPCM) contract for its rare earths processing plant.
Ore Reserves tonnages from the new estimate increased by 34% to 10.35 million tonnes at 1.22%TREO including 0.43%Nd2O3+Pr6O11. The updated Ore Reserve extends mine life by 3 years, supporting a +10 year operational life for the Project.