Quarterly Activities Report
Sydney, April 28, 2017 AEST (ABN Newswire) - Hastings Technology Metals Ltd (
ASX:HAS) is pleased to provide the Company's Quarterly Activities Report.
- Continuous beneficiation pilot plant testing has successfully validated the simple and effective flowsheet of the Yangibana flotation process
- The pilot operation confirmed 70% TREO recovery at a final concentrate grade of 23% TREO
- Optimised flotation circuit chemistry improved recovery to >80% at a higher TREO grade
- Generated concentrate for next stage hydrometallurgy pilot plant operation
- Environmental Impact Assessment (EIA) lodged with Western Australia (WA) Environmental Protection Authority (EPA)
- Referral Submission lodged with Commonwealth Department of Environment and Energy
- Preliminary Mine Development Proposal (MDP) lodged with WA Department of Mines and Petroleum (DMP)
- Commencement of iterative reviews of the applications with EPA and DMP to map out approval timelines
- Drilling beyond the limits of current resources at Bald Hill returns the highest accumulation of neodymium and praseodymium oxides to date throughout the Yangibana Project
- Phase 5 drilling programme delayed by rain
To view the full report, please visit:
http://abnnewswire.net/lnk/Y7DVE5I5
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.
Brockman 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.
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