Quarterly Activities Report
Sydney, July 31, 2017 AEST (ABN Newswire) - Hastings Technology Metals Ltd (
ASX:HAS) provides the Company's Quarterly Activities Report for the period ending 30th June, 2017.
- 2017 drilling programme commenced with immediate success
- Extension to west of Bald Hill existing resources established
- High grade intersections in depth extensions at Yangibana North and Yangibana West deposits
- Good results from infill drilling at Auer and Auer North deposits
- New JORC Resource Estimation completed incorporating recent drilling results
- Total diluted resources now 17.02 million tonnes at 1.27% total rare earths oxide (TREO) including 0.41% neodymium plus praseodymium oxides (Nd2O3+Pr6O11)
- A 37% increase in contained TREO and a 32% increase in contained Nd2O3+Pr6O11 from the December 2016 resource estimate
- Pilot plant testing of the hydrometallurgy (Hydromet) circuits successfully validated the simple and effective flowsheet of the Yangibana Hydromet processes
- The pilot plant achieved or exceeded the operational process parameters set by the initial hydrometallurgy process flowsheet, with rare earths recoveries at or above 94% for water leach, 95% for impurity removal and 98.5% for carbonate precipitation
- 50 kilograms of Mixed Rare Earths Carbonate (MREC) generated from the pilot plant
- Further optimisation, post-pilot Beneficiation test work at the laboratory of ALS Metallurgy in Perth, gives us more than 25% TREO grade at 85% recovery for our flotation process
- Hastings' Yangibana Rare Earths Project ("the Project") has been assigned as a Lead Agency Project (LAP) under the Western Australian Government Lead Agency Framework, by the Department of Mines, Industry Regulation and Safety (DMIRS; formally DMP)
- Positive policy changes from governments and automotive companies around the world auger well for demand growth of rare earths in the years ahead.
To view the report, please visit:
http://abnnewswire.net/lnk/F44KEP60
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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