ASX: HAS $
ASX: HAS $
Who we are
Hastings Technology Metals Limited (ASX:HAS) is focused on becoming a leading Australian producer of rare earth minerals through the development of its 100% owned Yangibana Rare Earths Project.
Located 250km north-east of Carnarvon in Western Australia’s Gascoyne region, Hastings’ flagship Yangibana Project covers a total area of 650 square kilometres and is underpinned by one of the world’s most highly valued deposits of neodymium and praseodymium, with an average life of mine NdPr to Total Rare Earth Oxides ratio of 37% and up to 52% in some areas of the orebody.
With an initial mine life of 17 years, the Yangibana Project will become a globally significant source of NdPr, a critical component in the manufacture of permanent magnets used in advanced technology products from electric vehicles to renewable energy, humanoid robotics, medical applications and digital devices.
The Yangibana Project is fully permitted for immediate development and is well-timed to meet the forecast supply gap for rare earth elements accelerated by the growth in electric vehicles and wind turbines, both vital for the global energy transition.
It will be developed in two stages with an initial focus on the construction of the mine and beneficiation plant to produce 37,000 tonnes per annum of mixed rare earth concentrate.
With an initial mine life of 17 years, the Yangibana Project will become a globally significant source of NdPr, a critical component in the manufacture of permanent magnets used in advanced technology products from electric vehicles to renewable energy, humanoid robotics, medical applications and digital devices.
The Yangibana Project is fully permitted for immediate development and is well-timed to meet the forecast supply gap for rare earth elements accelerated by the growth in electric vehicles and wind turbines, both vital for the global energy transition.
It will be developed in two stages with an initial focus on the construction of the mine and beneficiation plant to produce 37,000 tonnes per annum of mixed rare earth concentrate.
Hastings continues to assess downstream processing opportunities including the development of a hydrometallurgical plant to capture more of the rare earth value chain.
The Company holds a strategic 21.15% shareholding in TSX-listed Neo Performance Materials, a leading global rare earth processing and advanced permanent magnets producer, providing future optionality to explore the creation of a mine to magnet supply chain.
Hastings is committed to developing and operating the Yangibana Project in a sustainable manner. The Company’s strong Environment, Social and Governance credentials have been subject to independent third-party ESG ratings including ranking in the top five per cent of companies assessed by EcoVadis and included in Sustainalytics’ 2024 ESG top rated companies list.
Once developed, the world-class Yangibana Project will establish Hastings as a significant supplier in the global critical minerals sector and generate strong returns for shareholders, investors and for the Australian economy and local communities.
The Company holds a strategic 21.15% shareholding in TSX-listed Neo Performance Materials, a leading global rare earth processing and advanced permanent magnets producer, providing future optionality to explore the creation of a mine to magnet supply chain.
Hastings is committed to developing and operating the Yangibana Project in a sustainable manner. The Company’s strong Environment, Social and Governance credentials have been subject to independent third-party ESG ratings including ranking in the top five per cent of companies assessed by EcoVadis and included in Sustainalytics’ 2024 ESG top rated companies list.
Once developed, the world-class Yangibana Project will establish Hastings as a significant supplier in the global critical minerals sector and generate strong returns for shareholders, investors and for the Australian economy and local communities.
Investment Highlights
Tier One Asset
World-class deposit with high life of mine average NdPr:TREO ratio of 37%
De-risked project delivery
Shovel ready and fully permitted with $142 million already invested
Compelling market
Global demand for rare earth magnets fueled by green technologies and robotics
Robust project metrics
Driven by high margin processing and offtake arrangement
ESG focus
Leading ESG credentials assessed by independent third parties
Long-term strategy to maximise value
Multi-generational project with opportunities for value-adding downstream processing opportunities
Our Vision and Values
Our vision is to be a leading rare earths company, sustainably producing the materials needed to meet the rapid transition to green energy and advanced technologies.
In striving to achieve our vision, our values guide everything we do and underpin how we act, the way we do business and how we interact with all our stakeholders.
In striving to achieve our vision, our values guide everything we do and underpin how we act, the way we do business and how we interact with all our stakeholders.
Passion
We are loyal to the project and work passionately to deliver our vision
Teamwork
We are honest and work as one team to achieve our common goal
Tenacity
We pursue new opportunities and solutions with integrity and persistence
Owner’s Mindset
We strive towards excellence and take care and responsibility in everything we do
Board of Directors
Charles Lew
Executive Chairman
Charles Lew
Executive Chairman
Mr Lew has more than 30 years of investment banking experience, including serving as Managing Director of ABN Amro’s investment banking business in Singapore from 1997 to 2000. He has been involved in a diverse range of investment banking activities, including IPOs, equity placements, corporate mergers and acquisitions, debt/equity restructuring, private equity investments and venture capital financing.
After leaving ABN Amro, Mr Lew started his own investment management company, Equator Capital, which manages a hedge fund (which he exited active management in 2018) that is primarily involved in trading global managed futures, US equities and options. In addition, Equator Capital has been a private equity/pre-IPO investor in growth companies in Singapore, Malaysia, and China some of which were subsequently listed on the Singapore Exchange.
Mr Lew served as an Independent Non-Executive Director of one of Malaysia’s prominent banking group, RHB Bank from March 2004 until his retirement from the group in May 2016. During this period, he was on the board of RHB Investment Bank (2004 to 2016), RHB Islamic Bank (2008 to 2016) and RHB Capital Berhad (2005 to 2007). He was an Independent Director on the board of Singapore Medical Group between 2007 and 2013. He is also Founder and Chairman of Muddy Murphy Holdings, an operator of traditional and concept pubs that was established in 1996.
Mr Lew holds a BA (Hons) in Finance and Accounting from the University of East London and a MSc in Management Science from Imperial College, University of London.
After leaving ABN Amro, Mr Lew started his own investment management company, Equator Capital, which manages a hedge fund (which he exited active management in 2018) that is primarily involved in trading global managed futures, US equities and options. In addition, Equator Capital has been a private equity/pre-IPO investor in growth companies in Singapore, Malaysia, and China some of which were subsequently listed on the Singapore Exchange.
Mr Lew served as an Independent Non-Executive Director of one of Malaysia’s prominent banking group, RHB Bank from March 2004 until his retirement from the group in May 2016. During this period, he was on the board of RHB Investment Bank (2004 to 2016), RHB Islamic Bank (2008 to 2016) and RHB Capital Berhad (2005 to 2007). He was an Independent Director on the board of Singapore Medical Group between 2007 and 2013. He is also Founder and Chairman of Muddy Murphy Holdings, an operator of traditional and concept pubs that was established in 1996.
Mr Lew holds a BA (Hons) in Finance and Accounting from the University of East London and a MSc in Management Science from Imperial College, University of London.
Guy Robertson
Executive Director
Joint Company Secretary
Joint Company Secretary
Guy Robertson
Executive Director and
Joint Company Secretary
Joint Company Secretary
Mr Robertson has significant experience as a director and company secretary of ASX listed and private companies in both Australia and Hong Kong.
Mr Robertson previously held senior roles in the Jardine Matheson group of companies over a period of sixteen years including Finance Director and Managing Director (NSW) for Jardine Lloyd Thompson Australia Insurance Brokers, Finance Director and Chief Operating Officer for Colliers International Property Services Asia Pacific, and General Manager Finance of the Franklins Limited supermarket chain.
Mr Robertson is currently Executive Director of Metal Bank Limited, Artemis Resources Limited and Alien Metals Limited and a Non-Executive Director of GreenTech Metals Limited.
He holds a Bachelor of Commerce (Hons) in Chartered Accountancy.
Mr Robertson previously held senior roles in the Jardine Matheson group of companies over a period of sixteen years including Finance Director and Managing Director (NSW) for Jardine Lloyd Thompson Australia Insurance Brokers, Finance Director and Chief Operating Officer for Colliers International Property Services Asia Pacific, and General Manager Finance of the Franklins Limited supermarket chain.
Mr Robertson is currently Executive Director of Metal Bank Limited, Artemis Resources Limited and Alien Metals Limited and a Non-Executive Director of GreenTech Metals Limited.
He holds a Bachelor of Commerce (Hons) in Chartered Accountancy.
Neil Hackett
Non-Executive Director
Joint Company Secretary
Joint Company Secretary
Neil Hackett
Independent Non-Executive Director and Joint Company Secretary
Mr Hackett is a professional Australian Securities Exchange director with over 25 years’ practical experience with ASX200 resources entities, diversified industrials, funds management, and ASIC.
He is currently Non-Executive Director of Footwear Industries Pty Ltd (trading as Steel Blue Safety Boots), Council Member of John XXIII College, Redkite Cancer Charity and Course Facilitator with the Australian Institute of Company Directors. Mr Hackett’s previous ASX experience includes Ardiden Ltd, InteliCare Holdings Ltd, Ampella Mining Ltd, African Chrome Fields Ltd, Calima Energy Ltd, Modun Resources Ltd and Sundance Resources Ltd.
He holds a Bachelor of Economics from University of Western Australia, Graduate Diploma in Applied Finance & Investment, Graduate Diploma in Financial Planning, is a Fellow of FINSIA, and a Graduate (Order of Merit) and Facilitator with the Australian Institute of Company Directors and has undertaken geological studies at the WA School of Mines.
He is currently Non-Executive Director of Footwear Industries Pty Ltd (trading as Steel Blue Safety Boots), Council Member of John XXIII College, Redkite Cancer Charity and Course Facilitator with the Australian Institute of Company Directors. Mr Hackett’s previous ASX experience includes Ardiden Ltd, InteliCare Holdings Ltd, Ampella Mining Ltd, African Chrome Fields Ltd, Calima Energy Ltd, Modun Resources Ltd and Sundance Resources Ltd.
He holds a Bachelor of Economics from University of Western Australia, Graduate Diploma in Applied Finance & Investment, Graduate Diploma in Financial Planning, is a Fellow of FINSIA, and a Graduate (Order of Merit) and Facilitator with the Australian Institute of Company Directors and has undertaken geological studies at the WA School of Mines.
Malcolm Randall
Non-Executive Director
Malcolm Randall
Independent Non-Executive Director
Mr Randall holds a Bachelor of Applied Chemistry degree and has more than 45 years of experience in corporate, management and marketing in the resources sector, including more than 25 years with the Rio Tinto group of companies.
His experience has covered a diverse range of commodities including iron ore, base metals, uranium, mineral sands, lithium, coal, graphite and gold.
Mr Randall has held the position of chairman and director of a number of ASX-listed companies, including currently as Non-Executive Chair of Argosy Minerals Limited and Kingsland Minerals and a Non-Executive Director of Ora Gold Limited.
He holds a Diploma of Applied Chemistry and is a Fellow of the Australian Institute of Company Directors.
His experience has covered a diverse range of commodities including iron ore, base metals, uranium, mineral sands, lithium, coal, graphite and gold.
Mr Randall has held the position of chairman and director of a number of ASX-listed companies, including currently as Non-Executive Chair of Argosy Minerals Limited and Kingsland Minerals and a Non-Executive Director of Ora Gold Limited.
He holds a Diploma of Applied Chemistry and is a Fellow of the Australian Institute of Company Directors.
Jean Claude Steinmetz
Non-Executive Director
Jean Claude Steinmetz
Independent Non-Executive Director
Mr Steinmetz has been involved in the specialty chemical industry for more than 26 years with a strong focus on the automotive industry leading breakthrough projects in body developments and major reductions programmes of carbon dioxide (CO2) in compliance with European and global legislation. Mr Steinmetz has also held management positions in Rhodia-Solvay, GE and Du Pont.
He currently serves as Chairman of the Auto Plastic and Innovative Materials Committee of Sino-EU Chemical Manufacturers Association.
Mr Steinmetz’s was previously Chief Operating Officer for the ASX listed rare earth company Lynas Corporation where he had operational responsibility for the mining operations and concentration plant at Mount Weld in Western Australia and the Lynas Advanced Materials Plant in Malaysia. He also had oversight of the sales and marketing activities at Lynas and is fluent in English, Dutch, German and French.
He holds a Bachelor of Science in Chemical Engineering and a Masters of Science in Industrial Management.
He currently serves as Chairman of the Auto Plastic and Innovative Materials Committee of Sino-EU Chemical Manufacturers Association.
Mr Steinmetz’s was previously Chief Operating Officer for the ASX listed rare earth company Lynas Corporation where he had operational responsibility for the mining operations and concentration plant at Mount Weld in Western Australia and the Lynas Advanced Materials Plant in Malaysia. He also had oversight of the sales and marketing activities at Lynas and is fluent in English, Dutch, German and French.
He holds a Bachelor of Science in Chemical Engineering and a Masters of Science in Industrial Management.
Bruce McFadzean
Non-Executive Director
Bruce McFadzean
Independent Non-Executive Director
Mr McFadzean is a mining engineer with more than 40 years’ experience in the global resources industry and was the Managing Director of Sheffield Resources Limited from Nov 2015 until July 2021.
Mr McFadzean has led the financing, development, and operation of several new mines around the world has experience in gold, copper, nickel, diamonds, iron ore, lithium and mineral sands. He has successfully completed several mergers, acquisitions and joint ventures.
Mr McFadzean’s professional career includes 15 years with BHP and Rio Tinto in a variety of positions and four years as managing director of successful ASX gold miner Catalpa Resources Limited which merged into Evolution Mining Limited.
He is currently the Non-Executive Chair of Aquirian Limited and a Non-Executive Drirector of Argosy Limited.
Mr McFadzean holds a Graduate Diploma in Mining and is a Fellow of the Australian Institute of Mining and Metallurgy.
Mr McFadzean has led the financing, development, and operation of several new mines around the world has experience in gold, copper, nickel, diamonds, iron ore, lithium and mineral sands. He has successfully completed several mergers, acquisitions and joint ventures.
Mr McFadzean’s professional career includes 15 years with BHP and Rio Tinto in a variety of positions and four years as managing director of successful ASX gold miner Catalpa Resources Limited which merged into Evolution Mining Limited.
He is currently the Non-Executive Chair of Aquirian Limited and a Non-Executive Drirector of Argosy Limited.
Mr McFadzean holds a Graduate Diploma in Mining and is a Fellow of the Australian Institute of Mining and Metallurgy.
Executive Team
Teck Lim
Chief Financial Officer
Teck Lim
Chief Financial Officer
Teck Lim is a chartered accountant with 20 years’ accounting and finance experience, specialising in mining and metals project development funding. He was the lead project finance financial advisor to Hastings while at KPMG Corporate Finance and his corporate advisory and banking experience include landmark critical minerals projects and mega project financings in Australia and globally.
Teck’s financing experience extends to government agencies, multilaterals, commercial banks, private equity, mining funds and bond markets and has worked with strategic investors, joint venture development partners, offtakers and commodity trading houses to fund large scale mining projects from feasibility studies through to commercial operations.
Prior to joining Hastings, Teck was Chief Financial Officer at Nico Resources Ltd and held various roles with ING Bank, HSBC Bank and Deloitte within their resource industry sectors.
Teck holds a Bachelor of Commerce from Murdoch University, a Certificate in Mining Studies from the University of British Columbia and a Master of Business Administration from the University of Western Australia. He is a graduate of the Australian Institute of Company Directors (GAICD).
Teck’s financing experience extends to government agencies, multilaterals, commercial banks, private equity, mining funds and bond markets and has worked with strategic investors, joint venture development partners, offtakers and commodity trading houses to fund large scale mining projects from feasibility studies through to commercial operations.
Prior to joining Hastings, Teck was Chief Financial Officer at Nico Resources Ltd and held various roles with ING Bank, HSBC Bank and Deloitte within their resource industry sectors.
Teck holds a Bachelor of Commerce from Murdoch University, a Certificate in Mining Studies from the University of British Columbia and a Master of Business Administration from the University of Western Australia. He is a graduate of the Australian Institute of Company Directors (GAICD).
Tim Gilbert
Chief Operating Officer
Tim Gilbert
Chief Operating Officer
Tim Gilbert was appointed Chief Operating Officer in May 2024. He was previously Executive General Manager of Mining Operations, appointed in 2023, after serving as General Manager Operations for the Yangibana Project.
He has responsibility for all aspects of operations, including operational readiness, environmental approvals, health and safety and exploration.
Mr Gilbert is a mining engineer with more than three decades of experience in a range of senior roles in the resources sector across multiple commodities, including battery and base metals, diamonds and gold.
His expertise covers a range of strategic, operational and technical roles for major contractors including Thiess and Leighton, as well as global mining companies including Rio Tinto and Newmont and Australian diversified mining company WMC Resources.
Before joining Hastings, he was General Manager of Covalent Lithium’s Mount Holland project.
Tim holds a Bachelor of Engineering in Mining Engineering from the Camborne School of Mines.
The combination of technical expertise and practical multi-commodity project management and oversight will enable him to deliver the Yangibana Project for Hastings and its shareholders.
He has responsibility for all aspects of operations, including operational readiness, environmental approvals, health and safety and exploration.
Mr Gilbert is a mining engineer with more than three decades of experience in a range of senior roles in the resources sector across multiple commodities, including battery and base metals, diamonds and gold.
His expertise covers a range of strategic, operational and technical roles for major contractors including Thiess and Leighton, as well as global mining companies including Rio Tinto and Newmont and Australian diversified mining company WMC Resources.
Before joining Hastings, he was General Manager of Covalent Lithium’s Mount Holland project.
Tim holds a Bachelor of Engineering in Mining Engineering from the Camborne School of Mines.
The combination of technical expertise and practical multi-commodity project management and oversight will enable him to deliver the Yangibana Project for Hastings and its shareholders.
Vince Catania
General Manager
Corporate Affairs
Corporate Affairs
Vince Catania
General Manager
Corporate Affairs
Corporate Affairs
Vince Catania joined Hastings in 2023 as General Manager, Corporate Affairs.
A Member of the WA Parliament for 17 years during which he represented the Gascoyne and Pilbara regions of the State, he has extensive experience in the development and execution of public policy, and an excellent understanding of stakeholder engagement.
During his parliamentary career, Mr Catania held senior roles in Government and Opposition, with portfolios covering water, forestry, sport and recreation, commerce, tourism, transport, and Aboriginal affairs.
Before retiring from politics, Mr Catania held the vast seat of North West Central, which covers the Gascoyne in which Hasting’s Yangibana Rare Earth Elements Project is situated.
His strong community-oriented approach enabled him to secure substantial funding for regional infrastructure projects.
He has exceptional State and Federal political contacts, well established media contacts, a detailed knowledge of government and agency processes and an excellent understanding of the community and stakeholder needs of the area.
Mr Catania’s affinity for the region he represented is invaluable for Hastings Technology Metals as we continue to develop our flagship Yangibana Project.
A Member of the WA Parliament for 17 years during which he represented the Gascoyne and Pilbara regions of the State, he has extensive experience in the development and execution of public policy, and an excellent understanding of stakeholder engagement.
During his parliamentary career, Mr Catania held senior roles in Government and Opposition, with portfolios covering water, forestry, sport and recreation, commerce, tourism, transport, and Aboriginal affairs.
Before retiring from politics, Mr Catania held the vast seat of North West Central, which covers the Gascoyne in which Hasting’s Yangibana Rare Earth Elements Project is situated.
His strong community-oriented approach enabled him to secure substantial funding for regional infrastructure projects.
He has exceptional State and Federal political contacts, well established media contacts, a detailed knowledge of government and agency processes and an excellent understanding of the community and stakeholder needs of the area.
Mr Catania’s affinity for the region he represented is invaluable for Hastings Technology Metals as we continue to develop our flagship Yangibana Project.
Robert Klug
General Counsel
Robert Klug
General Counsel
Robert Klug is an Australian qualified resources and corporate lawyer with over 30 years of experience in startup and operational environments, including business development, due diligence and associated risk allocation to achieve sustainable operational performance and growth.
Initially trained as an auditor with KPMG Perth, Robert worked in London as a corporate lawyer after completing his law degree at Murdoch University in Perth.
Upon his return to Perth, he joined Freehills’ Perth office where he worked almost exclusively with small and mid-cap resource companies.
Since then, Robert has worked in legal, commercial and business development roles for a variety of resources companies, including as Chief Commercial Officer and General Counsel for Sandfire Resources.
Robert holds a Bachelor of Commerce (Accounting and Finance) and a Bachelor of Laws.
Initially trained as an auditor with KPMG Perth, Robert worked in London as a corporate lawyer after completing his law degree at Murdoch University in Perth.
Upon his return to Perth, he joined Freehills’ Perth office where he worked almost exclusively with small and mid-cap resource companies.
Since then, Robert has worked in legal, commercial and business development roles for a variety of resources companies, including as Chief Commercial Officer and General Counsel for Sandfire Resources.
Robert holds a Bachelor of Commerce (Accounting and Finance) and a Bachelor of Laws.
Corporate Governance
At Hastings, we believe strong corporate governance is fundamental to achieving our business strategy – it not only helps to manage risk but delivers long-term value.
Our approach to corporate governance continues to evolve to reflect our rapid growth from a mineral exploration company to an operating mining and processing business.
Hastings’ annual Corporate Governance Statement outlines our governance framework and summarises the Company’s compliance with the fourth edition of the ASX Corporate Governance Council’s Principles and Recommendations.
Key governance documents, charters and policies associated with our corporate governance framework are set out below:
Our approach to corporate governance continues to evolve to reflect our rapid growth from a mineral exploration company to an operating mining and processing business.
Hastings’ annual Corporate Governance Statement outlines our governance framework and summarises the Company’s compliance with the fourth edition of the ASX Corporate Governance Council’s Principles and Recommendations.
Key governance documents, charters and policies associated with our corporate governance framework are set out below:
Key governance documents
Charters
Policies and procedures
Whistleblower Hotline
