Over the course of the last 12 months, Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) has substantially progressed the Yangibana Project to the position where it is now considered to be the next most likely light rare earth project to be constructed anywhere in the world.
Hastings Technology Metals Ltd
Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) is advancing its Yangibana Rare Earths Project in the Upper Gascoyne Region of Western Australia towards production. The proposed beneficiation and hydro metallurgy processing plant will treat rare earths deposits, predominantly monazite, hosting high neodymium and praseodymium contents to produce a mixed rare earths carbonate that will be further refined into individual rare earth oxides at processing plants overseas.
Neodymium and praseodymium are vital components in the manufacture of permanent magnets which is used in a wide and expanding range of advanced and high-tech products including electric vehicles, wind turbines, robotics, medical applications and others. Hastings aims to become the next significant producer of neodymium and praseodymium outside of China.
Hastings holds 100% interest in the most significant deposits within the overall project, and 70% interest in additional deposits that will be developed at a later date, all held under Mining Leases. Numerous prospects have been identified warranting detailed exploration to further extend the life of the project.
The Brockman deposit, near Halls Creek in Western Australia, contains JORC Indicated and Inferred Mineral Resources, estimated using the guidelines of JORC Code (2012 Edition).
The Company is also progressing a Mining Lease application over the Brockman Rare Earths and Rare Metals Project.
Hastings aims to capitalise on the strong demand for critical rare earths created by the expanding demand for new technology products.
Hastings Technology Metals Limited, Australia's next Rare Earths producer (ASX:HAS) (FRA:5AM), is pleased to announce the first set of results from the 2020 Exploration Drilling Program, concentrated in the Fraser's area.
Hastings Technology Metals Ltd (ASX:HAS) advises that the closing date for the Share Purchase Plan (SPP) announced on 26 August 2020 (and the terms and conditions of which were announced on 28 August 2020) will be extended by one week to 28 September 2020.
Further to the capital raise announcement on 26 August 2020 Hastings Technology Metals Ltd (ASX:HAS) is pleased to provide details of the Hastings 2020 Share Purchase Plan offer to eligible shareholders to raise $3 million.
Australia's next rare earths producer, Hastings Technology Metals Limited (ASX:HAS) (FRA:5AM) is pleased to announce that it has received firm commitments for a share placement to institutional, sophisticated and professional investors and provide details about a Share Purchase Plan and Conditional Placement.
Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) provide the latest Investor Presentation.
Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) announce the Quarterly Activities Report for the period ending June 2020.
Hastings Technology Metals Limited (ASX:HAS) (FRA:5AM) is pleased to announce that it has updated its Capital expenditure requirements previously estimated at approximately AUD$517m, which included a 114km gas pipeline and 14Mw gas fired powerstation.
Hastings Technology Metals Limited (ASX:HAS) (FRA:5AM) is pleased to announce that it has progressed an agreement for a coastal location within the Pilbara region of Western Australia for the Yangibana Rare Earth Project's Hydrometallurgical cracking and leaching plant.
Hastings Technology Metals Ltd (ASX:HAS) In-Principle Eligibility from Finnvera for Project Financing
Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) is pleased to announce that it has successfully received in-principle eligibility for the Finnish Export Credit Scheme from Finnvera plc, who are mandated by the Government of Finland as administrators of the Scheme for an indicative commercial contract amount of AUD 75 million.