Hastings Technology Metals Ltd: Annual Report to Shareholders
Sydney - Hastings Technology Metals Ltd. (ASX:HAS) provide the Annual Report to Shareholders.To view the Annual Report, please visit:
http://abnnewswire.net/lnk/UKGA4AR0
About Hastings Technology Metals Ltd:
Hastings Technology Metals Ltd. (ASX:HAS) (FRA:5AM) 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 2H 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 refined and treated to produce a number of separated 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.
The Yangibana Project hosts JORC Resources totalling 17.02 million tonnes at 1.27% TREO (comprising Measured Resources of 2.92 million tonnes at 1.04% TREO, Indicated Resources of 7.19 million tonnes at 1.43% TREO and Inferred Resources of 6.90 million tonnes at 1.21% TREO), including 0.41% Nd2O3+Pr6O11.
Contact:
Hastings Technology Metals Ltd.
Charles Lew Executive Chairman
T: +65-9790-9008
Aris Stamoulis Director Corporate Finance
M: +61-455-105-607