Future Producer of Neodymium & Praseodymium to the Permanent Magnet Industry
Investor Presentation Update
Sydney, May 2, 2018 AEST (ABN Newswire) - Hastings Technology Metals Ltd (
ASX:HAS) provides the Company's latest Investor Presentation.
Steady growth in market cap since Jan 2014
- Market Cap - A$ 220m
- ~ 1200 Shareholders
+55% in 2017
- Top 10 shareholders owns ~ 70%
- A$59m raised since 2014
- Cash: A$25m post rights issue
- No Debt
- Included in the ASX All Ordinaries Index
High Neodymium and Praseodymium content
- Total Measured, Indicated and Inferred Resources now at 21m tonnes (see Note below)
- Total Probable Ore Reserve at 5.15m tonnes and Additional Production Target of - 2.5m tonnes to be added on by late 2018
- In-ground ratio of Nd-Pr as % of TREO ranges from 34% (0.40%/1.18%) to as high as 57% locally at Simon's Find deposit
- Most resources contained on Hastings 100% owned ground and smaller portion on 70% JV ground
Note: Hastings ASX release 22 Nov 2017;
To view the full presentation, please visit:
http://abnnewswire.net/lnk/N30JNCSD
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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