Hastings Technology Metals Ltd is a leading Australian rare earths company. Rare earths are critical in the manufacture of a wide variety of new consumer and industrial technologies. These range from flat-screen TVs and energy efficient light bulbs to hybrid cars, wind turbines and military hardware.
Hastings is an ASX-listed exploration and development company that is currently concentrating its efforts on its two rare earths projects in Western Australia.
Yangibana project covers an area of 650sqkm and is located 270km east-northest of Carnarvon on Gifford Creek Station in the Gascoyne region of Western Australia.
The Yangibana deposit contains a predominance of Neodymium, Praseodymium, Dysprosium and Europium. These rare earths are used in the growing permanent magnets and phospors markets.
Current JORC Resources total 21.0 million tonnes at 1.17%TREO including 0.40%Nd2O3 +Pr6O11. This total includes 3.9 million tonnes of Measured Resources, 8.6 million tonnes of Indicated Resources, and 8.5 million tonnes of Inferred Resources. Mining studies have established Probable Reserves of 7.74 million tonnes at 1.13% TREO including 0.43%Nd2O3 +Pr6O11 from within these Resources.
The Brockman deposit, near Halls Creek in Western Australia, contains JORC Indicated and Inferred Resources totalling 41.4 million tonnes (comprising 32.3 million tonnes Indicated Resources and 9.1 million tonnes Inferred Resources) at 0.21% TREO, including 0.18% HREO, plus 0.36% Nb₂O₅ and 0.90% ZrO₂.
The Company is progressing a Mining Lease Application over the Brockman Rare Earths and Rare Metals Project.