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 and Niobium 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, we care for each other, 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
Guy Robertson
Executive Director
Joint Company Secretary
Joint Company Secretary
Neil Hackett
Non-Executive Director
Joint Company Secretary
Joint Company Secretary
Malcolm Randall
Non-Executive Director
Jean Claude Steinmetz
Non-Executive Director
Executive Team
Teck Lim
Chief Financial Officer
Tim Gilbert
Chief Operating Officer
Vince Catania
General Manager
Corporate Affairs
Corporate Affairs
Pit Wah Chung
General Manager Risk and Commercial
Peter Phan
Project Director
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: