Mr Lew talks about the recent offtake agreement, the near term development of the mining infrastructure, the construction of accommodation units and the long term financials around the project.
With German and Chinese off-take agreements forming, the company has the majority of early production material "sold off the plan".
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About Hastings Technology Metals Ltd
Hastings Technology Metals Ltd (ASX:HAS) 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.
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