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Hastings Technology Metals Ltd (ASX:HAS) provides the Company's Quarterly Activities Report.

- Variability testwork programs are progressing to identify the compatibility of the process flowsheet to minor mineralogical variations between deposits

- Testwork has confirmed that site water can be used in the beneficiation circuit without treatment

- Water recovered from beneficiation final product streams can be recycled back through the process without further treatment

- 500 gram samples of Mixed Rare Earths Concentrate (MREC) sent to nine potential customers

- Three Memorandum of Understanding (MOU) for future offtake agreements signed with potential customers

- The Environmental Protection Authority (EPA) has approved an early works program to construct the access road and accommodation village

- Total JORC Resource increased to over 20.5 million tonnes

- First JORC Resources at Yangibana and Simon's Find Deposits (Hastings 100%)

- First JORC Measured Resources at Yangibana North (Hastings 70%)

- Capital raising completed for $16.25 million.

- Mr Aris Stamoulis and Mr Guy Robertson appointed to the Board

To view the full report, please visit:
http://abnnewswire.net/lnk/766C21L4


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

Hastings Technology Metals Ltd
T: +61-2-9078-7674
F: +61-2-9078-7661
E: info@hastingstechmetals.com
WWW: www.hastingstechmetals.com



Link: Quarterly Activities Report



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Related Industry Topics:
Mining Rare Earths

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