Quarterly Activities Report
Sydney, Oct 27, 2017 AEST (ABN Newswire) - Hastings Technology Metals Ltd (
ASX:HAS) provides the Company's Quarterly Activities Report.
- Variability testwork programs are progressing to identify the compatibility of the process flowsheet to minor mineralogical variations between deposits
- Testwork has confirmed that site water can be used in the beneficiation circuit without treatment
- Water recovered from beneficiation final product streams can be recycled back through the process without further treatment
- 500 gram samples of Mixed Rare Earths Concentrate (MREC) sent to nine potential customers
- Three Memorandum of Understanding (MOU) for future offtake agreements signed with potential customers
- The Environmental Protection Authority (EPA) has approved an early works program to construct the access road and accommodation village
- Total JORC Resource increased to over 20.5 million tonnes
- First JORC Resources at Yangibana and Simon's Find Deposits (Hastings 100%)
- First JORC Measured Resources at Yangibana North (Hastings 70%)
- Capital raising completed for $16.25 million.
- Mr Aris Stamoulis and Mr Guy Robertson appointed to the Board
To view the full report, please visit:
http://abnnewswire.net/lnk/766C21L4
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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