Board Changes and Senior Management Appointment
Mr Robertson has been succeeded by the appointment of Mr Neil Hackett as Non-Executive Director and Company Secretary. Neil has over 20 years' ASX director, company secretary and senior executive experience in mining, industrials and funds management industries and a further 10 years corporate experience with the ASIC. Neil is currently Non-Executive Chairman of ASX listed lithium and gold explorer Ardiden Limited, Non- Executive Director of ASX listed oil and gas explorer Calima Energy Limited, Council Member of John XXIII College and Independent Board Advisor and Company Secretary to Footwear Industries Pty Ltd (trading as Steel Blue Boots). Neil holds a Bachelor of Economics from the University of Western Australia, post-graduate qualifications in Applied Finance and Investment, and Financial Planning, is a Graduate and Facilitator with the AICD and is a Fellow of FINSIA.
The Board of Hastings also welcomes the appointment of Mr Andrew Reid as Chief Operating Officer. Andrew has 25 years of expertise in mine management with experience in construction, commissioning and plant operation. Andrew has developed and managed mining projects in West Africa and Finland and was previously COO of Finders Resources Ltd, GM of Kevista Mine and First Quantum Minerals.
Charles Lew, Executive Chairman of Hastings commented that "I am very appreciative of the support and guidance over the last 5 years from Guy Robertson and welcome Neil Hackett whose qualifications and experience will make him a valuable addition to the Hastings Board. In addition, the arrival of Andrew Reid adds further depth to the management team."
About 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 Ltd