Who we are
With a clear focus on developing the world-class Yangibana Rare Earths Project, Hastings Technology Metals Limited (ASX:HAS) is well-positioned to become Australia’s next rare earths producer.
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.
Fully permitted for first rare earth concentrate production in the first half of 2025, the Yangibana Project is well-timed to meet the forecast supply gap for rare earth elements accelerated by the growth in EVs and wind turbines, both vital for the global energy transition.
Hastings will develop the project in two stages with an initial focus on the construction of the Yangibana Project’s mine and beneficiation plant to produce up to 37,000 tonnes per annum of 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.
Fully permitted for first rare earth concentrate production in the first half of 2025, the Yangibana Project is well-timed to meet the forecast supply gap for rare earth elements accelerated by the growth in EVs and wind turbines, both vital for the global energy transition.
Hastings will develop the project in two stages with an initial focus on the construction of the Yangibana Project’s mine and beneficiation plant to produce up to 37,000 tonnes per annum of concentrate.
This will be followed by the construction of a hydrometallurgical plant in Onslow with the capacity to produce up to 15,000 tonnes per annum of mixed rare earth carbonate.
Hastings has a strategic 20% shareholding in TSX-listed Neo Performance Materials Inc – a leading global rare earth processing and advanced permanent magnets producer – providing the Company with the opportunity 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 fourth out of 159 companies in the 2022 diversified metals mining subindustry category by Sustainalytics.
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.
Hastings has a strategic 20% shareholding in TSX-listed Neo Performance Materials Inc – a leading global rare earth processing and advanced permanent magnets producer – providing the Company with the opportunity 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 fourth out of 159 companies in the 2022 diversified metals mining subindustry category by Sustainalytics.
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%
Fully permitted
Yangibana is development ready, with all approvals in place
Compelling market
Global demand for rare earth magnets fueled by green technologies and robotics
Enhanced delivery model
Two-stage development reducing upfront capital requirements and de-risks project delivery
Robust project metrics
Situated in first quartile on the global margin curve (as verified by CRU)
Mine to magnet
20% strategic shareholding in global rare earth product manufacturer Neo Performance Materials
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
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
Bruce McFadzean
Non-Executive Director
Executive Team
Paul Brown
Chief Executive Officer
Teck Lim
Chief Financial Officer
Tim Gilbert
Executive General Manager Mining Operations
Gareth Fleming
Project Director
Robert Klug
General Counsel
Rachael Ward-Pryce
Head of People
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