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Sydney, June 21, 2017 AEST (ABN Newswire) - Hastings Technology Metals Ltd (ASX:HAS) is pleased to announce that some exceptional high grade assay results have been received from the Company's 2017 drilling programme at Yangibana North. These results are from holes drilled into the southern, deeper extension to the current Indicated Resources and show potential for increasing both the tonnes and average grade of the resources at this deposit.

HIGHLIGHTS

- First assay results from 2017 drilling at Yangibana North and Fraser's received

- Holes at Yangibana North tested southern, deeper extension to the known deposit

- Best intersections include:-
6m at 3.86%TREO including 0.91% Nd2O3+Pr6O11
6m at 3.81%TREO including 0.88% Nd2O3+Pr6O11,
8m at 2.17%TREO including 0.52% Nd2O3+Pr6O11,
3m at 5.24%TREO including 1.40% Nd2O3+Pr6O11, and
3m at 4.54%TREO including 1.20% Nd2O3+Pr6O11

- Holes at Fraser's tested northern extension to the known deposit

- Best intersections include:-
5m at 1.39%TREO including 0.68% Nd2O3+Pr6O11, and
1m at 2.11%TREO including 0.81% Nd2O3+Pr6O11

INTRODUCTION

The current JORC Resources at Yangibana North are shown in Table 1 (see the link below).

Assays have also been received from drilling at the northern extension of the current Measured and Indicated Resources at Fraser's. Results indicate potential for a limited increase in the current JORC Resources that are shown in Table 2 (see the link below).

DRILLING RESULTS

Table 3 (see the link below) provides a summary of the best intersections in results received to date from Yangibana North.

Holes YGRC77-84 tested the potential southern extension of mineralisation towards the eastern end of the Yangibana North Resources. Results are in line with adjacent, previously drilled holes and it is likely that the next pit optimisation, to be completed in the near future as part of the Company's ongoing Definitive Feasibility Study, will extend the pit over this area.

Holes YGRC85-91 tested the western portion of the Yangibana North Resources where the mineralisation is relatively shallow and flat-lying. The high grades returned in three of the recent holes, including Nd2O3+Pr6O11 grades exceeding 1.0% in two holes, are very encouraging and will enhance the next JORC resource estimation and subsequent pit optimisation.

Collar locations of drilling completed to date at Yangibana North are shown in Figure 1 (see the link below). Drillhole parameters are provided in Appendix 1 (see the link below), and assay details are provided in Appendix 2 (see the link below).

Table 4 (see the link below) provides a summary of the best intersections in results received to date from Fraser's.

Drillhole parameters are provided in Appendix 3 (see the link below), and assay details are provided in Appendix 4 (see the link below).

TERMINOLOGY USED IN THIS REPORT

TREO is the sum of the oxides of the light rare earth elements lanthanum (La), cerium (Ce), praseodymium (Pr), neodymium (Nd), and samarium (Sm) and the heavy rare earth elements europium (Eu), gadolinium (Gd), terbium (Tb), dysprosium (Dy), holmium (Ho), erbium (Er), thulium (Tm), ytterbium (Yb), lutetium (Lu), and yttrium (Y).

To view tables and figures, please visit:
http://abnnewswire.net/lnk/F895BB88


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

Andy Border
General Manager Exploration
T: +61-2-8268-8689

Charles Tan
Chief Operating Officer
M: +61-457-853-839



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