Quarterly Activities Report
- The Northern Australia Infrastructure Facility (NAIF) is investigating the potential to provide debt financing for the infrastructure and related costs to the Yangibana Rare Earths Project.
- Board approved revised project capital cost of A$427M
- Second pilot plant test resulted in recoveries 12% higher at 80.1% compared to maiden pilot plant testing in March 2017
- Design and Supply of Rotary Kiln Off Gas Scrubbing Plant awarded to Total Air Pollution Control Pty Ltd (TAPC)
- Design and Supply of SAG Mill awarded to Outotec Pty Ltd
- EPA approval process continues to follow defined path to conclusion, with the assessment report due to be delivered to the EPA board for review in mid-May
- Initial ore sorting test rejected 37% of the mass supplied to the ore sorter, retaining 92.2% of the TREO
- Mal Randall appointed as non-executive director
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About Hastings Technology Metals Ltd
- 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.
Hastings Technology Metals Ltd