Hastings Technology Metals Ltd.: March 2018 Quarterly Activities Report
Sydney - Hastings Technology Metals Ltd. (ASX:HAS) provides the Company's Quarterly Activities Report.- EPA approval received to initiate construction of Stage 1 - for access road and accommodation village. Accommodation village contract signed.
- Geohydrological drilling completed and water supply source confirmed.
- Final EPA referral documentation expected to be submitted in Q2 2018.
- Commenced drilling program targeted at increasing the Probable Ore Reserves from the current 5.1Mt to ~7.5Mt in Q3 2018 and ~10Mt by Q1 2019
- MOU signed with Thyssenkrupp Raw Materials GmbH
- Fully underwritten rights issue raised $12.2 million.
- Project funding discussions underway.
To view the full report, please visit:
http://abnnewswire.net/lnk/87U9O1SH
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 1Qtr 2020. 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.
Contact:
Hastings Technology Metals Ltd.
Charles Lew Chairman
T: +61-2-9078-7674
Stefan Wolmarans Chief Operating Officer
M: +61-488-070-534