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Quarterly Activities Report
Quarterly Activities Report
Sydney, Jan 31, 2019 AEST (ABN Newswire) - Hastings Technology Metals Ltd (ASX:HAS) provides the Company's Quarterly Activities Report.

- Probable Ore Reserves increased to 10.35 million tonnes at 1.22%TREO including 0.43%Nd2O3+Pr6O11

- Updated Ore Reserves confirm >10-year mine life

- Total JORC Resources increased to 21.67 million tonnes at 1.17%TREO including 0.39%Nd2O3+Pr6O11 of which 62% are in the Measured and Indicated categories

- Successful completion of the second beneficiation pilot plant operation test. Upgrading of the Nd2O3+Pr6O11 head grade by 20 times from 0.43% to 8.6% was achieved

- EPA approval documentation was advertised to the public with an overall positive response received

To view the full report, please visit:
http://abnnewswire.net/lnk/XS3CCDZD


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: +65-9790-9008 / +61-8-6117-6118

Andrew Reid
Chief Operations Officer
T: +61-8-6117-6118 / +61-432-740-975



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