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Sydney, July 31, 2017 AEST (ABN Newswire) - Hastings Technology Metals Ltd (ASX:HAS) provides the Company's Quarterly Activities Report for the period ending 30th June, 2017.

- 2017 drilling programme commenced with immediate success

- Extension to west of Bald Hill existing resources established

- High grade intersections in depth extensions at Yangibana North and Yangibana West deposits

- Good results from infill drilling at Auer and Auer North deposits

- New JORC Resource Estimation completed incorporating recent drilling results

- Total diluted resources now 17.02 million tonnes at 1.27% total rare earths oxide (TREO) including 0.41% neodymium plus praseodymium oxides (Nd2O3+Pr6O11)

- A 37% increase in contained TREO and a 32% increase in contained Nd2O3+Pr6O11 from the December 2016 resource estimate

- Pilot plant testing of the hydrometallurgy (Hydromet) circuits successfully validated the simple and effective flowsheet of the Yangibana Hydromet processes

- The pilot plant achieved or exceeded the operational process parameters set by the initial hydrometallurgy process flowsheet, with rare earths recoveries at or above 94% for water leach, 95% for impurity removal and 98.5% for carbonate precipitation

- 50 kilograms of Mixed Rare Earths Carbonate (MREC) generated from the pilot plant

- Further optimisation, post-pilot Beneficiation test work at the laboratory of ALS Metallurgy in Perth, gives us more than 25% TREO grade at 85% recovery for our flotation process

- Hastings' Yangibana Rare Earths Project ("the Project") has been assigned as a Lead Agency Project (LAP) under the Western Australian Government Lead Agency Framework, by the Department of Mines, Industry Regulation and Safety (DMIRS; formally DMP)

- Positive policy changes from governments and automotive companies around the world auger well for demand growth of rare earths in the years ahead.

To view the report, please visit:
http://abnnewswire.net/lnk/F44KEP60


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 2H 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 refined and treated to produce a number of separated rare earth oxides outside of Australia. Hastings estimates an annual production quantity of 15,000 tonnes of MREC, which it will sell to offtake partners.

The Yangibana Project hosts JORC Resources totalling 17.02 million tonnes at 1.27% TREO (comprising Measured Resources of 2.92 million tonnes at 1.04% TREO, Indicated Resources of 7.19 million tonnes at 1.43% TREO and Inferred Resources of 6.90 million tonnes at 1.21% TREO), including 0.41% Nd2O3+Pr6O11.

 


Contact

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

Aris Stamoulis
Director Corporate Finance
M: +61-455-105-607



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