Appointment of Mal Randall as Non Executive Director
Sydney, Feb 11, 2019 AEST (ABN Newswire) - Hastings Technology Metals Limited (
ASX:HAS) (5AM:FRA) ("Hastings" or the "Company") is pleased to announce the appointment of experienced ASX company director Mr Mal Randall as Non-Executive Director.
Mr Randall holds a Bachelor of Applied Chemistry Degree, is a Fellow of the Australian Institute of Company Directors, and has more than 40 years' of extensive experience in corporate, management and marketing in the resource sector, including more than 25 years with the Rio Tinto group of companies. His experience has covered a diverse range of mineral activities including Iron Ore, Base Metals, Uranium, Minerals Sands and Lithium. Mal has held the position of Chairman and director of multiple ASX listed companies and is currently also on the board of Kalium Lakes Ltd (where he is the Chairman), Argosy Minerals Ltd, Magnetite Mines Ltd and Thundelarra Ltd.
Charles Lew, Executive Chairman of Hastings commented that "I am delighted to welcome Mal Randall to our board who's qualifications and extensive experience will be invaluable as we progress with development of the Yangibana Rare Earths Project. Mal has a proven track record in mining project development and extensive ASX corporate experience."
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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