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Retracted and Revised October Presentation and Update on Definitive Feasibility Study
Retracted and Revised October Presentation and Update on Definitive Feasibility Study
Sydney, Oct 30, 2017 AEST (ABN Newswire) - Hastings Technology Metals Ltd (ASX:HAS) (the "Company") has today announced the retraction and revision of the October Presentation published by the Company on 26 October 2017.

On 26 October 2017, the Company published an Investor Presentation titled "Future Producer of Neodymium & Praseodymium to the Permanent Magnet Industry" ("Investor Presentation"). Following publication of this Investor Presentation, on 27 October 2017 the Company's securities were placed in trading halt by ASX. The Company has reconsidered some of the content of the Investor Presentation and has decided to retract the Investor Presentation. Investors should not rely on the now retracted Investor Presentation.

The Company has today published a revised Investor Presentation, a copy of which is attached to this announcement.

The Company is pleased to announce that the definitive feasibility study is on track for completion and publication by the end of November 2017.

To view the presentation, please visit:
http://abnnewswire.net/lnk/50K35HFT


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 MREC which it will sell to offtake partners globally.

 


Contact

Hastings Technology Metals Ltd
Telephone: +61-2-9078-7674
Fax: +61-2-9078-7661
Email: info@hastingstechmetals.com
WWW: www.hastingstechmetals.com



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