Announcement PDF 9 September 2015 FINAL ASSAY RESULTS FURTHER ENHANCE BALD HILL SOUTH POTENTIAL Hastings Rare Metals Limited ABN 43 122 911 399 ASX Code: HAS Level 25, 31 Market Street Sydney NSW 2000 PO Box Q128 Queen Victoria Building NSW 1225 Australia HIGHLIGHTS • • Telephone: +61 2 8268 8689 Facsimile: +61 2 8268 8699 admin@hastingsraremetals.com Board and Management Charles Lew (Chairman) Anthony Ho (Non Exec Director) Malcolm Mason (Non Exec Director) www.hastingsraremetals.com Final assays returned from the Pre-Feasibility drilling programme at Bald Hill South, Yangibana Project Best intersections include:



• 5m at 2.04%TREO with 1.08%Nd2O3-Eq* 3m at 1.92%TREO with 1.15%Nd2O3-Eq* 10m at 1.62%TREO with 0.59%Nd2O3-Eq* 5m at 1.37%TREO with 0.62%Nd2O3-Eq* Diamond drilling completed:


logged geologically and geotechnically samples taken for comminution test work and specific gravity measurements assays awaited Introduction The Board of Hastings Rare Metals Limited (ASX: HAS) is pleased to announce that final assay results have been received from its Pre-Feasibility drilling programme at Bald Hill South. The most recent results are from reverse circulation (RC) holes drilled to extend targets identified earlier this year, to the north (as announced in the ASX release dated 28/7/15) and south (as announced in the ASX release dated 14/7/15). Diamond drilling has also been completed, with logging indicating good correlation with the RC results. Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Bald Hill South RC Drilling Programme Final assay results from RC drilling completed to test both the north and south extension of the Bald Hill South deposit have continued to expand these targets, with both remaining open at depth and along strike. Table 1 provides details of significant intersections from these holes. Collar details of the drillholes are provided in Appendix 1. Individual assays for the Company’s target oxides (neodymium, praseodymium, dysprosium and europium) from the mineralised zone and surrounding samples are provided in Appendix 2. Northern Extension Additional drilling at the northern extension to the Bald Hill South deposit (Figure 1) has continued to intersect mineralisation hosted by a relatively shallow, flat-lying ironstone layer. Holes BHRC142, 10m (52-62m) at 1.62%TREO with 0.59%Nd2O3-Eq, and BHRC143, 7m (45-52m) at 1.37%TREO with 0.62%Nd2O3-Eq, are of particular interest as they indicate strong potential for the mineralisation to continue further to the west at potentially openpittable depths. Figure 1 – Yangibana Project – Bald Hill South, northern extension additional drill coverage Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Best intersections from the northern extension are provided in Table 1. Hole No From To Interval % % (BHRC) (m) (m) (m) TREO** Nd2O3-Eq* 125 16 19 3 1.92 1.15 126 35 40 5 0.84 0.40 132 39 44 5 0.96 0.59 142 52 62 10 1.62 0.59 143 45 52 7 1.37 0.62 144 26 31 5 2.04 1.08 145 35 38 3 1.45 0.69 Table 1 – Yangibana Project, Best intersections, Bald Hill South northern extension additional drill results Southern Extension Best intersections from the southern extension are provided in Table 2 with hole locations shown in Figure 2. Figure 2 – Yangibana Project – Bald Hill South, southern extension additional drill coverage Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Hole No From To Interval % % (BHRC) (m) (m) (m) TREO** Nd2O3-Eq* 124 80 83 3 1.01 0.61 139 50 55 5 0.71 0.53 Table 2 – Yangibana Project, Bald Hill South, southern extension additional drilling results Terry’s Find Two RC holes on one section tested a small, northwest oriented ironstone outcrop known as Terry’s Find, some 650m to the west of the westernmost hole at Bald Hill South. Rock chip samples collected in 2014 returned grades ranging from 0.80-2.13%TREO with 0.400.81%Nd2O3-Eq. These holes returned positive intersections of 3m (4-7m) at 1.58%TREO with 0.60%Nd2O3-Eq (BHRC152) and 3m (33-36m) at 0.80%TREO with 0.40%Nd2O3-Eq (BHRC153). The outcrop appears to occur on a trend between Bald Hill South and the eastern end of the main mineralised zone that extends from Kane’s Gossan, some 2.5km to the northwest, right through to the western end of Yangibana West, a further 11km to the west (Figure 3). Figure 3- Yangibana Project – Location of Terry’s Find prospect Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Diamond Drilling Diamond drilling has also been completed at Bald Hill South, Fraser’s and Yangibana West deposits. Geological logging indicates good correlation with the RC results and assays are awaited. Geotechnical The core has been logged geotechnically by the Company’s mining consultants, Snowden. It is noted that the ground conditions in the hangingwall and interburden units at the northern extension of Bald Hill South and in portions of the Fraser’s deposit are heavily altered. These materials can be extracted by excavator rather than requiring the more expensive drill-and-blast method that had been predicted. Selected samples from both the mineralised zone and the hangingwall have been sent for comminution test work to determine sizing of crushing and grinding equipment and power requirements. The remaining core has been quartered and sent for specific gravity measurements and assay. Results will be fed into the ongoing geological interpretations, leading to new JORC resource estimates expected in the coming weeks. Bulk Metallurgical Sample – Neodymium-rich sample from Eastern Belt Approximately 12 tonnes of samples from Bald Hill South and Fraser’s RC drilling have been sent to Perth for splitting and compositing into a sample to represent mineralisation from the two deposits that is termed the Eastern Belt Master Composite. This sample will now be the focus of ongoing beneficiation tests and subsequent hydrometallurgical and separation test work. ** TREO is the sum of the oxides of the heavy rare earth elements (HREO) and the light rare earth elements (LREO). HREO is the sum of the oxides of the heavy rare earth elements europium (Eu), gadolinium (Gd), terbium (Tb), dysprosium (Dy), holmium (Ho), erbium (Er), thulium (Tm), ytterbium (Yb), lutetium (Lu), and yttrium (Y). CREO is the sum of the oxides of neodymium (Nd), europium (Eu), terbium (Tb), dysprosium (Dy), and yttrium (Y) that were classified by the US Department of Energy in 2011 to be in critical short supply in the foreseeable future. LREO is the sum of the oxides of the light rare earth elements lanthanum (La), cerium (Ce), praseodymium (Pr), neodymium (Nd), and samarium (Sm). Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Neodymium Equivalence Hastings is concentrating its efforts on the recovery of four important rare earths – neodymium, praseodymium, dysprosium and europium. To portray the grade of the mineralisation Hastings has established neodymium-equivalent figures where:*The Nd2O3 equivalent (Nd2O3-Eq) values have been calculated based on the following rare earths prices. These prices have been established by independent consultants Adamas Intelligence and are being used by Hastings in the evaluation of the project. • Nd2O3 - US$85/kg • Pr2O3 – US$95/kg • Dy2O3 - US$550/kg and • Eu2O3 - US$635/kg Where Nd2O3-Eq = ((Nd2O3grade+((Pr2O3grade*(Pr2O3price/Nd2O3price))+(Dy2O3grade*(Dy2O3price/Nd2O3 price))+ (Eu2O3grade*(Eu2O3price/Nd2O3price))) Such that Nd2O3 Eq = Nd2O3 + (1.1176 x Pr2O3) + (6.4706 xDy2O3) + (7.4706 xEu2O3) For further information please contact: Andy Border, General Manager Exploration +61 2 8268 8689 Guy Robertson, Company Secretary +61 2 8268 8689 About Hastings Rare Metals • Hastings Rare Metals is a leading Australian rare earths company, with two JORC compliant rare earths projects in Western Australia. • The Yangibana Project hosts JORC Indicated and Inferred Resources totalling 6.79 million tonnes at 1.52% TREO, including 0.35% Nd2O3 (comprising 3.96 million tonnes at 1.59% TREO Indicated Resources and 2.83 million tonnes at 1.43% TREO in Inferred Resources). • The Brockman deposit contains JORC Indicated and Inferred Resources totalling 36.2 million tonnes (comprising 27.1mt Indicated Resources and 9.1mt Inferred Resources) at 0.21% TREO, including 0.18% HREO, plus 0.89% ZrO₂ and 0.35% Nb₂O₅. • Rare earths are critical to a wide variety of current and new technologies, including smart phones, hybrid cars, wind turbines and energy efficient light bulbs. • The Company aims to capitalise on the strong demand for critical rare earths created by expanding new technologies. In late 2014 Hastings completed a Scoping Study of the Yangibana Project that confirmed the economic viability of the Project and in early 2015 commenced work on a Pre-Feasibility Study. Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Competent Person’s Statement The information in this announcement that relates to Resources is based on information compiled by Simon Coxhell. Simon Coxhell is a consultant to the Company and a member of the Australasian Institute of Mining and Metallurgy. The information in this announcement that relates to Exploration Results is based on information compiled by Andy Border, an employee of the Company and a member of the Australasian Institute of Mining and Metallurgy. Each has sufficient experience relevant to the styles of mineralisation and types of deposits which are covered in this announcement and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (“JORC Code”). Each consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Appendix 1 – Drill hole data Hole_ID East MGA94 North MGA94 Decln Azimuth (mag) EOH (m) BHRC121 428432.09 7355216.32 -60 90 100 BHRC122 428454.93 7355167.38 -60 90 88 BHRC123 BHRC124 428478.5 428478.75 7355115.13 7355064.09 -60 -60 90 90 88 88 BHRC125 428321.33 7356118.92 -90 0 28 BHRC126 428221.89 7356116.98 -90 0 58 BHRC127 BHRC128 428446.44 428443.1 7355625.84 7355520.41 -90 -90 0 0 40 34 BHRC129 428512.72 7355418.34 -90 0 40 BHRC130 BHRC131 428513.22 428408.67 7355318.03 7356650.15 -90 -90 0 0 34 52 BHRC132 428271.24 7356651.13 -90 0 52 BHRC133 BHRC134 428318.67 428366.01 7356652.58 7356651.15 -90 -90 0 0 46 28 BHRC135 428459.97 7356652.51 -90 0 22 BHRC136 BHRC137 428653.9 428696.89 7354966.19 7354918.35 -60 -60 90 50 16 22 BHRC138 428732.79 7354884.32 -60 50 16 BHRC139 BHRC140 428597.22 428659.82 7354964.36 7354882.3 -60 -60 90 50 64 58 BHRC141 428701.1 7354849.95 -60 50 58 BHRC142 BHRC143 428159.54 428024.95 7356147.34 7356353.61 -90 -90 0 0 70 58 BHRC144 428060.19 7356452.99 -90 0 54 BHRC145 BHRC146 428135.02 428181.4 7356552.46 7356601.85 -90 -90 0 0 48 42 BHRC147 428223.09 7356652.32 -90 0 60 BHRC148 BHRC149 428130.9 428087.69 7356602.26 7356552.22 -90 -90 0 0 54 54 BHRC150 428010.52 7356452.19 -90 0 60 BHRC151 BHRC152 427977.62 427452.83 7356353.15 7356603.07 -90 -60 0 40 78 12 BHRC153 427418.91 7356566.14 -60 40 42 Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Appendix 2 – Assay data from mineralised zone and surrounding samples Eu2O3 ppm Nd2O3 ppm Pr2O3 ppm TREO Ppm Nd2O3Eq ppm Hole_ID From To Dy2O3 ppm BHRC121 80 81 15.38 20.96 1101.43 260.16 0.33 0.16 BHRC121 81 82 28.23 42.03 2658.23 619.09 0.76 0.38 BHRC121 BHRC121 82 83 83 84 18.13 18.13 15.98 18.64 608.86 840.74 127.80 172.97 0.17 0.21 0.10 0.13 BHRC121 84 85 56.01 45.39 1964.10 346.06 0.45 0.31 BHRC121 85 86 19.51 14.59 555.09 99.36 0.13 0.09 BHRC121 BHRC121 91 92 92 93 13.66 84.01 18.64 57.55 1021.07 1466.86 241.67 278.18 0.31 0.37 0.15 0.28 BHRC121 93 94 35.35 25.24 746.96 143.24 0.19 0.13 BHRC122 BHRC122 70 71 71 72 10.33 20.31 11.58 32.88 509.25 1850.38 123.12 470.23 0.17 0.64 0.08 0.28 BHRC122 72 73 23.41 35.89 1889.22 479.35 0.67 0.28 BHRC122 BHRC122 73 74 74 75 20.20 16.87 29.53 12.27 1879.30 343.04 504.17 74.43 0.72 0.11 0.28 0.06 BHRC122 77 78 16.30 10.88 285.53 58.75 0.08 0.05 BHRC122 BHRC122 78 79 79 80 33.74 6.43 45.27 1.85 1931.79 90.51 346.41 19.08 0.45 0.03 0.29 0.02 BHRC123 74 75 39.48 32.88 1215.97 274.20 0.36 0.20 BHRC123 BHRC123 75 76 76 77 47.17 33.40 54.77 36.36 2581.94 1301.70 618.97 270.22 0.80 0.36 0.40 0.21 BHRC123 77 78 16.30 17.95 747.43 168.29 0.22 0.12 BHRC124 BHRC124 79 80 80 81 5.85 73.45 3.94 108.84 109.52 5301.17 22.24 1246.37 0.03 1.54 0.02 0.80 BHRC124 81 82 70.35 75.38 3173.77 616.51 0.75 0.49 BHRC124 BHRC124 82 83 83 84 95.37 36.50 96.45 32.88 3375.68 1019.55 608.20 185.61 0.75 0.23 0.54 0.17 BHRC125 13 14 30.53 27.91 1123.48 251.97 0.34 0.18 BHRC125 BHRC125 14 15 15 16 24.91 23.30 24.08 27.67 1058.27 1429.89 247.05 343.25 0.34 0.45 0.17 0.22 BHRC125 16 17 179.62 180.86 5555.21 1108.16 1.48 0.93 BHRC125 BHRC125 17 18 18 19 169.40 284.97 231.70 252.07 9552.58 5562.79 2222.17 971.11 2.86 1.42 1.49 1.04 BHRC125 19 20 53.14 47.36 1267.18 238.62 0.34 0.22 BHRC125 BHRC125 20 21 21 22 41.32 35.23 35.08 26.63 1467.56 846.34 311.18 158.81 0.42 0.22 0.23 0.15 BHRC125 22 23 88.26 61.72 2926.73 568.65 0.78 0.46 BHRC126 BHRC126 34 35 35 36 9.76 30.07 2.66 38.56 55.87 1691.86 12.99 396.03 0.03 0.54 0.02 0.26 Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Hole_ID From To Dy2O3_ppm Eu2O3_ppm Nd2O3_ppm Pr2O3_ppm TREO Nd2O3Eq BHRC126 BHRC126 36 37 37 38 22.84 23.41 40.64 14.71 2370.01 397.98 577.78 85.90 0.75 0.13 0.35 0.08 BHRC126 38 39 36.84 42.49 2361.38 554.14 0.71 0.35 BHRC126 BHRC126 39 40 40 41 57.16 26.86 98.42 31.84 6562.40 1540.81 1640.41 361.15 2.07 0.47 0.95 0.24 BHRC126 44 45 10.67 9.03 352.37 78.88 0.11 0.06 BHRC126 BHRC126 45 46 46 47 30.76 19.51 51.87 22.00 4307.63 1063.64 1176.39 256.30 1.44 0.34 0.62 0.16 BHRC126 47 48 16.30 29.18 1882.80 462.97 0.57 0.27 BHRC126 BHRC126 48 49 49 50 26.05 17.33 49.44 23.16 2849.87 1013.60 690.24 237.45 0.86 0.31 0.42 0.16 BHRC132 25 26 12.28 11.00 336.62 75.95 0.10 0.06 BHRC132 BHRC132 26 27 27 28 52.45 6.77 62.76 4.17 1648.01 117.69 330.84 26.57 0.44 0.04 0.28 0.02 BHRC132 28 29 6.54 4.17 166.45 38.27 0.06 0.03 BHRC132 BHRC132 37 38 38 39 7.12 11.02 2.55 10.42 95.64 623.91 24.46 142.89 0.04 0.19 0.02 0.09 BHRC132 39 40 64.04 71.91 2403.37 545.83 0.73 0.40 BHRC132 BHRC132 40 41 41 42 197.86 120.05 215.72 130.61 5361.24 4372.72 1084.17 991.95 1.40 1.28 0.95 0.72 BHRC132 42 43 89.18 99.12 3210.52 670.35 0.84 0.53 BHRC132 BHRC132 43 44 44 45 52.56 23.99 58.94 18.76 2066.98 569.79 429.85 114.81 0.54 0.15 0.33 0.10 BHRC133 17 18 2.87 0.93 12.95 2.46 0.01 0.00 BHRC133 BHRC133 18 19 19 20 51.65 6.43 67.74 6.14 2765.77 134.60 635.59 26.33 0.80 0.04 0.43 0.03 BHRC133 31 32 4.59 2.55 56.34 10.18 0.02 0.01 BHRC133 BHRC133 32 33 33 34 125.44 27.54 116.14 30.80 2965.92 1263.33 575.20 278.77 0.79 0.36 0.53 0.20 BHRC133 34 35 19.40 17.37 632.89 136.69 0.18 0.10 BHRC134 BHRC134 11 12 12 13 13.20 36.38 22.35 73.18 1174.33 2912.15 256.76 624.59 0.29 0.78 0.17 0.44 BHRC134 13 14 12.74 15.17 526.40 112.82 0.15 0.08 BHRC134 BHRC135 14 3 15 4 6.89 11.59 6.14 8.45 176.94 271.19 38.27 56.99 0.05 0.08 0.03 0.05 BHRC135 4 5 49.92 83.25 4263.08 894.58 1.17 0.62 BHRC135 BHRC135 5 6 6 7 21.12 15.49 31.84 5.09 1508.39 130.64 291.29 29.61 0.40 0.06 0.22 0.03 Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Hole_ID From To Dy2O3_ppm Eu2O3_ppm Nd2O3_ppm Pr2O3_ppm TREO Nd2O3Eq BHRC137 BHRC137 5 6 6 7 4.82 61.75 4.28 73.64 142.42 2938.39 33.94 692.82 0.05 0.86 0.02 0.47 BHRC137 7 8 18.02 15.86 562.09 131.19 0.17 0.09 BHRC137 BHRC137 8 9 9 10 18.13 88.37 15.05 74.57 467.96 1775.26 106.85 327.92 0.14 0.44 0.08 0.33 BHRC137 10 11 4.71 3.47 102.64 25.16 0.04 0.02 BHRC139 BHRC139 49 50 50 51 22.72 240.10 22.93 197.65 821.73 4354.99 184.56 750.75 0.23 1.00 0.13 0.82 BHRC139 51 52 137.61 118.80 2968.02 547.58 0.72 0.54 BHRC139 BHRC139 52 53 53 54 46.37 101.46 34.62 90.66 888.80 2497.50 168.64 489.77 0.22 0.63 0.16 0.44 BHRC139 54 55 150.23 153.65 4020.11 739.75 0.97 0.70 BHRC139 BHRC141 55 47 56 48 20.66 14.00 17.72 12.85 454.55 467.73 88.12 105.21 0.12 0.14 0.08 0.08 BHRC141 48 49 79.19 81.86 3501.77 836.30 1.06 0.56 BHRC141 BHRC141 49 50 50 51 112.02 51.99 100.04 46.78 3476.81 1750.07 781.88 405.16 0.99 0.52 0.58 0.29 BHRC141 51 52 43.50 40.41 1615.35 385.50 0.50 0.26 BHRC141 BHRC142 52 50 53 51 11.13 20.20 8.68 14.36 361.70 405.79 88.47 86.84 0.12 0.13 0.06 0.07 BHRC142 51 52 25.59 29.99 1435.96 339.04 0.47 0.22 BHRC142 BHRC142 52 53 53 54 30.30 47.29 72.60 50.95 5689.93 2056.83 1446.37 461.68 1.95 0.62 0.80 0.33 BHRC142 54 55 31.33 29.29 1079.27 234.06 0.32 0.18 BHRC142 BHRC142 55 56 56 57 62.78 100.19 74.92 132.58 2648.08 6896.92 555.78 1735.44 0.70 2.21 0.42 1.05 BHRC142 57 58 57.73 57.55 1868.92 397.55 0.52 0.31 BHRC142 BHRC142 58 59 59 60 56.81 84.59 70.40 104.91 2808.22 5000.59 628.10 1233.96 0.82 1.60 0.44 0.77 BHRC142 60 61 165.84 178.55 5753.73 1307.11 1.69 0.96 BHRC142 BHRC142 61 62 62 63 89.52 43.50 106.87 43.19 3815.88 1491.36 874.57 323.82 1.18 0.44 0.62 0.25 BHRC143 25 26 24.56 22.69 526.28 96.55 0.13 0.10 BHRC143 BHRC143 26 27 27 28 39.02 16.53 63.45 11.69 4575.90 346.65 1118.46 76.07 1.35 0.11 0.66 0.06 BHRC143 28 29 13.66 9.73 285.42 63.55 0.10 0.05 BHRC143 BHRC143 29 30 30 31 9.76 72.53 5.56 98.31 162.36 4432.67 35.69 962.92 0.06 1.22 0.03 0.67 Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Hole_ID From To Dy2O3_ppm Eu2O3_ppm Nd2O3_ppm Pr2O3_ppm TREO Nd2O3Eq BHRC143 BHRC143 31 44 32 45 23.53 16.30 22.93 29.76 968.00 1361.31 222.59 300.42 0.30 0.38 0.15 0.20 BHRC143 45 46 19.05 50.02 3623.42 845.89 1.06 0.51 BHRC143 BHRC143 46 47 47 48 19.51 35.00 29.64 65.65 1758.35 4197.41 419.90 1086.16 0.53 1.37 0.26 0.61 BHRC143 48 49 68.86 169.98 12009.02 2920.13 3.90 1.70 BHRC143 BHRC143 49 50 50 51 29.61 36.61 60.44 57.78 3724.43 2728.91 907.10 632.08 1.21 0.82 0.54 0.41 BHRC143 51 52 23.76 39.25 2184.90 519.26 0.67 0.32 BHRC143 BHRC143 52 53 53 54 15.95 11.82 23.62 10.42 1320.36 523.01 305.80 126.98 0.42 0.18 0.19 0.08 BHRC143 54 55 12.97 8.11 347.70 77.94 0.11 0.06 BHRC144 BHRC144 26 27 27 28 37.76 35.46 50.95 49.67 1723.94 1568.57 362.91 328.15 0.49 0.45 0.28 0.25 BHRC144 28 29 39.60 129.34 5291.84 1188.79 1.51 0.78 BHRC144 BHRC144 29 30 30 31 47.40 89.86 221.27 424.02 9857.60 18757.69 2017.95 3957.72 2.65 5.11 1.41 2.69 BHRC144 31 32 15.38 29.06 1036.11 220.84 0.30 0.16 BHRC145 BHRC145 34 35 35 36 14.69 15.03 10.07 64.84 221.38 5651.44 45.52 1387.74 0.07 1.69 0.04 0.78 BHRC145 36 37 24.22 66.81 4870.30 1199.79 1.41 0.69 BHRC145 BHRC145 37 38 38 39 33.63 18.82 62.64 15.05 4240.21 554.51 998.97 121.71 1.24 0.18 0.60 0.09 BHRC145 39 40 10.21 12.97 424.22 85.31 0.13 0.07 BHRC146 BHRC146 34 35 35 36 7.12 123.26 7.29 158.40 524.18 4539.63 130.49 936.59 0.18 1.20 0.08 0.76 BHRC146 36 37 22.61 48.40 3255.66 799.67 1.04 0.47 BHRC146 BHRC146 37 38 38 39 147.02 36.27 187.58 48.05 4315.10 1371.10 741.39 258.75 0.98 0.34 0.75 0.23 BHRC147 22 23 42.92 57.78 1751.70 347.35 0.46 0.28 BHRC147 BHRC147 23 24 24 25 38.10 9.87 62.18 6.37 3018.29 153.73 690.48 31.83 0.90 0.05 0.45 0.03 BHRC147 50 51 24.10 28.48 718.74 147.57 0.20 0.13 BHRC147 BHRC147 51 52 52 53 66.68 56.58 104.21 85.11 4126.02 3229.41 919.62 710.02 1.21 0.93 0.64 0.50 BHRC147 53 54 81.60 118.34 4317.78 956.49 1.22 0.68 BHRC147 BHRC148 54 44 55 45 25.82 10.10 28.60 13.66 871.77 718.39 175.55 174.49 0.25 0.23 0.14 0.11 Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Hole_ID From To Dy2O3_ppm Eu2O3_ppm Nd2O3_ppm Pr2O3_ppm TREO Nd2O3Eq BHRC148 BHRC148 45 46 46 47 21.46 39.60 32.42 83.14 1752.17 3906.51 421.43 907.45 0.57 1.14 0.26 0.58 BHRC148 47 48 34.55 58.82 2114.92 432.07 0.57 0.33 BHRC148 BHRC148 48 49 49 50 23.30 9.87 38.33 8.22 1769.66 319.94 400.36 72.79 0.53 0.10 0.27 0.05 BHRC150 41 42 17.56 23.51 1003.69 220.25 0.29 0.15 BHRC150 BHRC150 42 43 43 44 64.04 20.66 124.82 31.15 6832.19 1410.53 1660.89 328.62 1.99 0.41 1.00 0.21 BHRC150 50 51 16.18 11.93 283.44 58.75 0.09 0.05 BHRC150 BHRC150 51 52 52 53 9.18 26.86 8.92 42.61 237.71 1868.92 49.15 343.83 0.07 0.47 0.04 0.27 BHRC150 53 54 10.33 4.98 181.73 37.10 0.06 0.03 BHRC151 BHRC151 60 61 61 62 10.44 32.25 10.07 46.08 329.74 2939.21 73.49 739.40 0.10 0.94 0.06 0.43 BHRC151 62 63 48.43 106.53 6701.20 1697.75 2.05 0.97 BHRC151 BHRC151 63 64 64 65 22.49 29.27 33.23 41.11 1538.71 1761.96 342.66 403.29 0.44 0.52 0.23 0.27 BHRC151 65 66 8.72 15.52 718.74 168.87 0.22 0.11 BHRC151 BHRC151 66 67 67 68 10.21 10.33 10.07 11.35 324.61 501.20 73.38 119.02 0.10 0.16 0.05 0.08 BHRC151 68 69 28.46 61.14 3375.56 825.41 1.11 0.49 BHRC151 BHRC151 69 70 70 71 19.51 11.13 35.20 3.71 2107.10 129.47 514.35 31.60 0.69 0.06 0.31 0.03 BHRC152 3 4 6.77 6.83 228.61 52.90 0.08 0.04 BHRC152 BHRC152 4 5 5 6 19.40 45.56 33.93 77.00 3403.44 5300.94 1045.55 1566.91 1.36 2.15 0.50 0.79 BHRC152 6 7 49.01 66.12 3334.15 874.45 1.23 0.51 BHRC152 BHRC153 7 32 8 33 4.94 12.97 1.97 17.72 69.75 748.01 18.14 197.31 0.03 0.27 0.01 0.12 BHRC153 33 34 43.27 69.36 3173.19 840.04 1.15 0.49 BHRC153 34 35 73.57 87.77 2738.24 621.66 0.83 0.46 BHRC153 35 36 53.37 56.39 1503.02 308.37 0.42 0.26 Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 JORC Code, 2012 Edition – Table 1 Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) Criteria JORC Code explanation Sampling techniques • • • • Drilling techniques Drill sample recovery • • • • Commentary Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. • Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, facesampling bit or other type, whether core is oriented and if so, by what method, etc). Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. • • • • • • • Reverse circulation drilling was carried out at the Bald Hill South prospect to obtain drill chip samples from one-metre intervals from which a 24kg sample was collected for submission to the laboratory for analysis for rare earths, rare metals, U, Th and a range of rock-forming elements. Mineralised zones were identified visually during geological logging in the field. Samples from each metre were collected in a cyclone and split using a 3 level riffle splitter. Field duplicates, blanks and Reference Standards were inserted at a rate of approximately 1 in 20. Hurlston Pty Limited drilled RC holes at eleven ironstone targets within tenements in which Hastings has an interest, in the 1980s. The Bald Hill South prospect was tested to a limited extent during that phase of exploration. Hurlston reported the results of most drill holes and a nonJORC resource estimation in its Annual Report for the period 1/1/87 to 31/12/88 (A25937). This report provides little data regarding processes used during the exploration, but Hastings has undertaken sufficient work on the project to indicate that Hurlston’s work was carried out professionally and that certain assumptions can reasonably be based on the results reported in that report. Reverse Circulation drilling at Bald Hill South utilised a nominal 5 1/4 inch diameter facesampling hammer. No details are known regarding the RC drilling carried out by Hurlston. Recoveries are recorded by the geologist in the field at the time of drilling/logging. If poor sample recovery is encountered during drilling, the geologist and driller have endeavoured to rectify the problem to ensure maximum sample recovery. Visual assessment is made for moisture and contamination. A cyclone and splitter were used to ensure representative samples and were routinely cleaned. Sample recoveries to date have generally been Address Suite 2508, Level 25, 31Market St, Sydney NSW 2000 Postal Address PO Box Q128 Queen Victoria Building NSW 1230 Telephone 02 8268 8689 Fax 02 8268 8699 Email admin@hastingsraremetals.com Website www.hastingsraremetals.com ABN 43 122 911 399 Criteria JORC Code explanation Commentary • Logging • • • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. The total length and percentage of the relevant intersections logged. • • • • Subsampling techniques and sample preparation • • • • • • If core, whether cut or sawn and whether quarter, half or all core taken. If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Quality control procedures adopted for all subsampling stages to maximise rep