Announcement PDF 26 August 2024 HIGH-GRADE NIOBIUM, RARE EARTH AND HAFNIUM-RICH ZIRCON ROCK CHIP RESULTS AT HASTINGS YANGIBANA PROJECT HIGHLIGHTS • Multiple carbonatite-related ironstone intrusions (ranging from 100 to 650 metres in strike) have been mapped east and continuous to the Bald Hill deposit footprint at Yangibana. This focus area hosts a total of 3,000 metres combined ironstone strike. • The following assays are rock chip samples taken from carbonatite-related ironstones (TREO mineralisation) in the footwall and along strike of the Bald Hill deposit. o Of 104 rock chip analyses reported in this announcement, 22% exceed 1.0% Nb2O5. An exceptional peak concentration of 23.69% Nb2O5 was measured. o 56% of 104 rock chip samples taken range between 0.25% to 8.91% TREO (with an average of 1.21 % TREO). o 9% of the 104 rock chip samples depict ZrO2 values higher than 0.1%, and an average ZrO2/HfO2 ratio of 17.8. The peak measured concentration of ZrO2 was 5.1% ZrO2. o 86% of the 104-rock chip sampled have ZrO2/HfO2 ratios of 30:1 (an average of 13:1). • Niobium and hafnium present within existing footprint of the permitted Yangibana Project. • Niobium is a technology-critical metal with major uses in making steel lighter and stronger, high-tech alloys and faster recharging of Li-on batteries. Global production is centred on Brazil (about 90%, with new supply chains being sought). • Hafnium is a critical metal with applications in aerospace, defence, and energy technologies. • Zircon is the primary source of all hafnium. Zirconium and hafnium are contained in zircon at a ratio of about 50 to 11. • At Yangibana, a Bald Hill sample generated from process development test work reported XRF assays 1.35% Zr and 0.08% Hf. Subsequent standardless semi-quantitative analysis reported that zircon in the sample was the source of the reported zirconium and hafnium, contained at a ratio of 13 to 1 (49.0% / 3.8%). The Hf-enriched zircons from Bald Hill thus contain 3.8 times the HfO2 content compared to the benchmark of 50:11. • Hastings is capable, with minor changes to current plant design and mine plans, to recover additional critical metals (i.e., zircon (ZrSiO4), ferro-columbite – (Fe)Nb2O6) and rare earths (TREO) within the current 17-year life of mine. • With current exploration and updated Mineral Resource estimates, there is potential for life of mine and product extensions. • An updated Mineral Resource estimate will be available by September 2024, to include ferrocolumbite, zircon, hafnium in addition to rare earths. • The additional critical minerals will provide a multi-commodity recovery process stream and byproduct credit income. Page 1 of 18 1 https://www.usgs.gov/centers/national-minerals-information-center/zirconium-and-hafnium-statistics-andinformation#:~:text=Zircon%20is%20the%20primary%20source,and%20rutile%2C%20or%20tin%20minerals. Hastings Technology Metals Ltd (ASX:HAS) (“Hastings” or “the Company”) is pleased to announce the results of rock chip samples collected recently. The majority were sampled in the footwall of the planned Bald Hill pit throughout an area of approximately 80 hectares. Hastings Chief Geologist, Dr Louis Schürmann, said: “The success of the geological mapping and rock chip sampling to the east of the current Bald Hill pit underscores the multi-commodity exploration potential that remains within the Yangibana Project. Further mapping and sampling preparations are underway as a prelude to drilling at this prospect. Hastings is committed to expanding the portfolio of minerals we aim to produce with the confirmation of anomalous niobium, zirconium and hafnium concentrations associated with rare earth mineralisation demonstrating our commitment to realise greater value from the Yangibana Project.” Louis Schurmann, Chief Geologist and Ravi Reddy, Principal Mine Planning Engineer at Yangibana Page 2 of 18 At the Bald Hill Footwall prospect there are 3,000 metres of combined strike extent of ironstone intrusions where niobium values are elevated. There are also localised occurrences elevated TREO, ZrO2 and HfO2. These are presented in Figures 2-4 below. Geological mapping was also undertaken to the northwest of Bald Hill. Elsewhere at Yangibana, anomalous niobium has been recorded at Simon’s Find, Bald Hill South, Hatchett and the Yangibana prospect. A compilation of the rock chip samples is presented in Table 1. Figure 1: The distribution of niobium occurrences at the Yangibana Project. Depicted are the localities of the Yangibana mineral resources with reference to Bald Hill deposit and the Insert as reference to Figures 2, 3 and 4. Page 3 of 18 Figure 2: Photo of an ironstone outcrop along the western Bald Hill deposit footwall. Figure 3: The distribution of TREO (ppm) for the rock chip samples taken of exposed ironstone intrusions to the east and north of the current Bald Hill deposit. Reference is made to Figure 1 for the insert locality. Page 4 of 18 Figure 4: The distribution of Nb2O5 (%) for rock chip samples taken of exposed ironstone intrusions to the east and north of the current Bald Hill deposit. Reference is made to Figure 1 for the insert locality. Page 5 of 18 Figure 5: The distribution of ZrO2/HfO2 ratio values for rock chip samples taken of exposed ironstone intrusions to the east and north of the current Bald Hill deposit. Reference is made to Figure 1 for the insert locality. The USGS National Minerals Information Centre states “Zircon is the primary source of all hafnium. Zirconium and hafnium are contained in zircon at a ratio of about 50 to 1.” Standard-less semi-quantitative analysis on zircon recovered from Bald Hill samples that were used in process development test work report zirconium and hafnium are contained at a ratio of 13 to 1 (49.05% / 3.78%). Page 6 of 18 Table 1. Rock chip assays for major economic elements. Sample No. MGA_East MGA_North HfO2, ppm Nb2O5 ppm ZrO2, ppm TREO, ppm NdPr/TREO ZrO2/HfO2 3329 428474 7356727 1 1431 14 13311 43.9 11.5 3330 428446 7356814 9 12403 89 9926 43.9 10.4 3331 428421 7356851 1 309 8 13054 44.2 8.6 3332 428422 7356901 4 1442 50 12522 45.1 13.7 3333 428432 7356956 1 64 9 2318 43.6 16.0 3334 428706 7356850 384 65122 4918 2653 45.9 12.8 3335 428825 7356844 29 22408 140 7533 47.3 4.8 3336 428852 7356811 6 11298 41 3239 46.4 6.2 3337 428878 7356752 6 837 20 27554 44.5 3.4 3338 428878 7356724 5 839 20 53686 44.7 4.0 3339 429209 7356678 4 117 100 1433 45.3 23.5 3340 429171 7356690 7 182 82 4353 45.1 11.8 3341 429124 7356716 8 3136 68 16780 47.7 8.7 3342 429100 7356718 17 3435 108 2680 52.6 6.4 3343 429035 7356695 11 8920 72 14421 48.4 6.3 3346 428971 7356665 15 2289 153 6963 45.6 10.3 3347 428768 7356913 106 15376 1483 14123 46.7 14.0 3348 428751 7356932 49 40858 258 18090 46.4 5.3 3349 428729 7356965 13 8974 88 34938 47.6 7.0 3350 428710 7357009 35 27316 228 45180 47.8 6.6 3351 428707 7357028 9 14910 61 7627 45.4 6.8 3352 428693 7357046 37 36097 169 8266 45.9 4.6 3353 428618 7357105 23 3652 281 1116 47.0 12.0 3354 428610 7357070 31 7629 211 1341 47.3 6.9 3355 428550 7357045 25 13693 211 5171 44.9 8.6 3356 428533 7357069 3 242 19 3523 48.7 5.7 3357 428515 7357073 92 102706 571 4797 45.0 6.2 3358 428457 7357021 1 140 9 11190 47.5 10.0 3361 428439 7356986 2 401 15 89169 47.1 7.9 3363 428647 7356802 14 836 313 950 43.9 22.3 3364 428646 7356821 9 219 273 2256 46.0 28.9 Page 7 of 18 Sample No. MGA_East MGA_North HfO2, ppm Nb2O5 ppm ZrO2, ppm TREO, ppm NdPr/TREO ZrO2/HfO2 3365 428696 7356791 17 192 321 811 47.5 18.5 3366 428732 7356686 8 1136 158 780 50.0 19.4 3367 428729 7356598 21 8875 220 234 41.9 10.7 3368 428717 7356552 651 107191 8632 1210 36.6 13.3 3369 428747 7356450 16 11376 128 271 38.1 7.8 3370 428744 7356481 13 1595 108 41 40.1 8.2 3371 428750 7356426 24 6831 181 92 38.7 7.5 3372 428839 7356248 255 79461 3161 2626 46.5 12.4 3373 428898 7356104 8 301 150 90 29.7 19.6 3374 428948 7356662 4 5688 36 1068 45.9 8.1 3375 428902 7356656 1 903 22 13976 42.3 18.3 3376 428883 7356667 3 1520 22 190 38.4 8.0 3377 428856 7356678 5 622 51 507 47.5 9.7 3378 428817 7356687 10 1252 250 102 27.4 25.5 3379 428784 7356740 6 213 91 2897 45.7 15.0 3381 428764 7356734 21 1032 733 284 43.5 34.6 3382 428735 7356756 8 777 199 305 32.9 23.4 3383 428716 7356775 11 518 277 45 21.1 24.7 3384 428686 7356769 8 1150 307 167 36.2 36.1 3385 428433 7357083 0 40 9 2499 48.7 40.1 3386 428414 7357229 1 733 12 190 41.3 20.6 3387 428414 7357255 0 43 8 3181 45.8 34.4 3388 428412 7357299 2 379 34 2307 48.7 20.5 3390 428478 7356942 670 236932 6419 3336 53.7 9.6 3391 428498 7356899 6 1919 155 150 42.5 24.9 3392 428495 7356907 8 1750 154 188 46.1 19.2 3393 428498 7356899 3 739 82 74 26.2 31.8 3394 428396 7357334 1 81 16 13575 47.6 19.6 3395 428405 7357364 3 753 23 3149 49.3 8.1 3396 428405 7357366 1 690 12 1350 47.6 12.9 3406 426578 7357949 2 95 19 3873 29.7 12.3 3407 426574 7357908 4 40 140 522 29.4 35.0 3408 426569 7357880 1 95 16 5388 31.0 19.6 Page 8 of 18 Sample No. MGA_East MGA_North HfO2, ppm Nb2O5 ppm ZrO2, ppm TREO, ppm NdPr/TREO ZrO2/HfO2 3409 426595 7357897 1 34 31 3393 33.7 23.9 3410 426578 7357820 1 32 54 1213 28.0 41.7 3411 426779 7357795 4 8 201 227 18.2 48.8 3412 426778 7357597 1 292 16 19845 40.1 13.7 3413 426780 7357607 8 115 382 6671 42.8 49.9 3414 426884 7357375 0 4 5 3870 31.8 22.9 3415 426686 7357990 0 1 16 5970 30.9 45.8 3416 426737 7358040 0 2 19 17919 34.1 80.2 3417 426898 7357345 0 13 5 2685 29.4 15.3 3419 426980 7357191 5 832 104 5510 33.1 19.2 3421 427006 7357163 3 766 95 2676 31.7 36.4 3422 427103 7357029 2 85 28 1021 40.6 14.1 3423 427124 7356996 4 2215 68 205 31.5 16.8 3424 427153 7356959 11 75430 96 1780 35.0 8.9 3425 427185 7356924 0 215 4 139 30.9 17.2 3426 427271 7356817 0 47 4 5368 36.1 34.4 3427 428392 7357209 12 1576 230 339 35.3 18.9 3428 428396 7357336 4 1313 43 1321 42.6 11.8 3429 428374 7357303 0 26 5 364 42.5 22.9 3430 428364 7357247 6 1582 43 26176 45.1 7.3 3431 428312 7357201 0 69 7 4608 42.1 19.1 3432 428304 7357177 8 1922 42 7997 41.4 5.5 3433 428277 7357149 0 256 7 4893 41.6 28.6 3434 428230 7357075 0 48 8 7905 40.9 34.4 3435 428251 7357110 1 339 16 5024 41.3 13.7 3436 428211 7357050 948 275 51058 1067 19.8 53.9 3437 428647 7356655 98 32785 1071 908 44.6 11.0 3438 428653 7356618 1 134 9 71 32.6 11.5 3439 428677 7356568 72 20156 1158 4510 46.6 16.1 3440 428685 7356518 9 4858 82 942 38.5 9.6 3441 428517 7357312 47 68714 227 7719 44.0 4.8 3442 428474 7357365 22 16291 105 17043 46.6 4.7 3443 428528 7357377 73 23407 1332 13332 45.6 18.2 Page 9 of 18 Sample No. MGA_East MGA_North HfO2, ppm Nb2O5 ppm ZrO2, ppm TREO, ppm NdPr/TREO ZrO2/HfO2 3444 428542 7357396 8 13245 70 3107 47.3 9.0 3445 428557 7357416 33 9961 635 2528 45.2 19.2 3446 428582 7357446 124 25513 2055 2199 46.7 16.6 3447 428608 7357464 3 54 66 21141 47.3 20.8 3448 428419 7357476 5 4136 47 1559 45.6 9.5 3449 428409 7357410 1 1692 8 27803 46.7 6.9 3450 428406 7357390 5 6083 36 5098 45.2 7.0 Authorised by the Board for the release to the ASX. FOR FURTHER INFORMATION CONTACT: Charles Lew Executive Chairman +65 6220 9220 Louis Schurmann Chief Geologist +61 8 6117 8629 Teck Lim Chief Financial Officer +61 8 6117 6118 MEDIA ENQUIRIES: Vince Catania General Manager - Corporate +61 408 230 277 vince.catania@hastingstechmetals.com ABOUT HASTINGS TECHNOLOGY METALS LIMITED Hastings Technology Metals Limited is a Perth-based rare earths company focused on the development of its 100% owned Yangibana Rare Earths Project. Located in the Gascoyne region of Western Australia, the Yangibana Project contains one of the most highly valued deposits of NdPr in the world with an NdPr to Total Rare Earth Oxide ratio of 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 including electric vehicles, renewable energy, humanoid robotics, 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 21.5% 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. Page 10 of 18 Hastings recognises in its geological model and mine plan the potential of a multi-commodity recovery process stream which underpins the economic recovery of REM and associated critical minerals like ferro-columbite, and hafnium-enriched zircon. For more information, please visit www.hastingstechmetals.com COMPETENT PERSONS’ STATEMENT The information in this release relating to exploration results is based on information compiled by Competent Person, Dr Louis Schürmann. Dr Schürmann is a full-time employee of Hastings and a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM; 308067). Dr Schürmann 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’. CAUTIONARY STATEMENT The exploration results have been prepared and reported in accordance with the 2012 edition of the JORC Code. There has been insufficient exploration to estimate a Mineral Resource for all target areas reported. It is uncertain if further exploration will result in the estimation of a Mineral Resource. FORWARD LOOKING STATEMENT This release contains reference to certain intentions, expectations, future plans, strategies and prospects of the Company. Those intentions, expectations, future plans, strategies and prospects may or may not be achieved. They are based on certain assumptions, which may not be met or on which views may differ and may be affected by known and unknown risks. The performance and operations of the Company may be influenced by a number of factors, many of which are outside the control of the Company. No representation or warranty, express or implied, is made by the Company, or any of its directors, officers, employees, advisers, or agents that any intentions, expectations, or plans will be achieved either totally or partially or that any particular rate of return will be achieved. Given the risks and uncertainties that may cause the Company’s actual future results, performance, or achievements to be materially different from those expected, planned, or intended, recipients should not place undue reliance on these intentions, expectations, future plans, strategies and prospects. The Company does not warrant or represent that the actual results, performance, or achievements will be as expected, planned, or intended. The Company is under no obligation to, nor makes any undertaking to, update or revise such forward looking statements, but believes they are fair and reasonable at the date of this release. TERMINOLOGY USED IN THIS REPORT Total Rare Earths Oxides, TREO, is the sum of the oxides of lanthanum (La), cerium (Ce), praseodymium (Pr), neodymium (Nd), and samarium (Sm,) europium (Eu), gadolinium (Gd), terbium (Tb), dysprosium (Dy), holmium (Ho), erbium (Er), thulium (Tm), ytterbium (Yb), lutetium (Lu), and yttrium (Y). Critical Metals is niobium oxide (Nb2O5), zirconium oxide (ZrO2), and hafnium oxide (HfO2). Page 11 of 18 The following section is provided for compliance with requirements for the reporting of exploration results under the JORC code (2012 edition). Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections) Criteria JORC Code explanation Sampling techniques • • • Nature and quality of sampling (e.g. 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. Commentary • Sampling of the target area west of Bald Hill pit comprises of 104 rock chip samples, collected by an experienced geologist from outcropping ironstone intrusions and fenitised country rocks. • Due to the fine-grained nature, sample size varied from 1.5 to 3 kg in weight, and was geologically logged, photographed with calico bags and pre marked numbers. Each sample represents several rock chips over several metres of strike. • Samples were selected for coverage over the outcrop area and similarity in appearance (i.e., lithology, and alteration). • Samples were placed in pre-marked calico bags, tied and placed in polyweave bags (10 calico sample bags per polyweave bag. Polyweave bags were well marked (i.e., bag number, range of sample numbers within the polyweave bag, client details and laboratory address and sealed (i.e., by cable tie) and freighted to Intertek Laboratories in Perth. • The location of samples taken was recorded with a Garmin GPS unit. • The meta data related to the samples was sent to Rock Solid Data Pty Ltd, which hosts Hastings Technical Metals Ltd’ database. • The metal data was verified by a database geologist from APEX and Rock Solid Data Pty Ltd before uploaded it the main database. • Samples for assaying are prepared by drying, crushing, weighing splitting, and pulverising the split samples to produce a representative sample for sodium peroxide fusion and ICP-MS, ICP-OES analysis. • No drilling results are reported in this announcement. Aspects of the determination of mineralisation that are Material to the Public Report. Drilling techniques • Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit, or other type, whether core is oriented and if so, by what method, etc.). Drill sample recovery • Method of recording and assessing core and chip sample recoveries and results assessed. • No drilling results are reported in this announcement. Page 12 of 18 Criteria JORC Code explanation Commentary • 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. Logging Sub-sampling techniques and sample preparation • 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. • Each sample was geologically logged for lithology, alteration, mineralisation, and general mineralogy. • The rock chips samples are qualitative and may not represent the overall average grade of the outcrop. The geologist, however, indevoured to take several rock chips along the outcrop strike. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography. The total length and percentage of the relevant intersections logged. • Photographs were taken of each sample, and a representative sub-sample was taken for thin section work. • If core, whether cut or sawn and whether quarter, half or all core taken. • No drilling results are reported in this announcement. • • If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry. Hasting Technical Metals Ltd has conducted sufficient verification of rock chip sampling methods and techniques to demonstrate that the results can be used for planning further target generation and exploration programmes. • • For all sample types, the nature, quality, and appropriateness of the sample preparation technique. The rock chip sample was dried, crushed and pulverized to approximately 2mm in size, and then pulverised further in a pulverizing mill by Intertek in Maddington, Western Australia using method SP96. • Samples are an indication of parts of the ironstone intrusion sampled and do not represent overall average grade of the carbonatite-related ironstone intrusions. • Samples were sent to Intertek Laboratory in Perth for geochemical analysis. This encompasses a sodium peroxide fusion using nickel crucibles and hydrochloric acid to dissolve the melt (FP6) together with ICP/OE & ICP/MS. • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. • Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling. • Whether sample sizes are appropriate to the grain size of the material being sampled. Quality of assay data and laboratory tests • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. Page 13 of 18 Criteria JORC Code explanation Commentary • Intertek (Perth) conducted checks on the assay data using OREAS Standards and blank samples which passed their QA/QC standards. • At least two Company personnel verify rock chips taken and the locality. • Hastings Technical Metals Ltd (Hastings) has a well organised and extensive database managed by a reputable third-party, Rock Solid Data Pty Ltd. • Hastings has collected all coordinates in MGA94 Zone 50. • Hastings used a hand-held GPS with accuracy of ±5 m for surveying of rock chip sample locations. • No information regarding topographic control was provided. • No drilling has been undertaken in the specific area investigated and rock chip sampled. • Data spacing for reporting of Exploration Results. • Sample / Data spacing varies due to outcrop variability and is not representative of the overall grade of the ironstone intrusives. • Whether the data spacing, and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • No drilling results are reported in this announcement. • No estimation of Mineral Resources or Ore Reserves has been done. No sample compositing of samples is used in this report. • For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. • Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established. Verification of sampling and assaying • The verification of significant intersections by either independent or alternative company personnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Discuss any adjustment to assay data. Location of data points • Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. • Specification of the grid system used. • Quality and adequacy of topographic control. Data spacing and distribution • Whether sample compositing has been applied. Page 14 of 18 Criteria Orientation of data in relation to geological structure Sample security JORC Code explanation Commentary • Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. • Hasting has not observed any material issues to date. • Hastings is aware of the importance of understanding structural controls on mineralisation style and type and has tailored its exploration accordingly to determine possible relationships. • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. • The rock chip sampling was done to give an overall indication of the mineralogy of the intrusions and is not quantitative. • The measures taken to ensure sample security. • The chain of custody is managed by the project geologist who places calico sample bags in polyweave sacks. Up to 10 calico sample bags are placed in each sack. Each sack is clearly labelled with:  Hastings Technology Metals Ltd  Address of laboratory  Sample range. Samples were transported by R&L Transport from site to Perth and delivered Intertek/Genalysis / ALS, as required. The freight provider delivers the samples directly to the laboratory. Detailed records are kept of all samples that are dispatched, including details of chain of custody. Audits or reviews • The results of any audits or reviews of sampling techniques and data. • Hasting has undertaken validation of the nature and quality of the sampling conducted. Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section) Criteria Mineral tenement and land tenure status JORC Code explanation • Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. Commentary • The tenements of Yangibana are owned by Hastings Technology Metals Pty Ltd. • The tenements are in good standing and no known impediments exist. • The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. Page 15 of 18 Criteria JORC Code explanation Commentary Exploration done by other parties • Acknowledgment and appraisal of exploration by other parties. • Minimal historic exploration has been noted in the area subjected to rock chip sampling. No evidence of previous testing of the newly identified ironstone intrusions has been reported. Geology • Deposit type, geological setting, and style of mineralisation. • The target Area is in the Gascoyne Province, between the Archaean aged Yilgarn Craton (to the south) and the Pilbara Craton (to the north). The geology comprises granitoids and medium- to high-grade metamorphic rocks which are overlain by variably deformed, low-grade metamorphosed sedimentary sequences and lies within the Glenburgh Terrane of the Gascoyne Province. The main orogenic and mineralisation event was the Capricorn Orogeny (1,820–1,770 Ma). • The Gascoyne Province marks the high-grade metamorphic core of the Capricorn Orogen. • REE mineralisation at the Yangibana REE Project is hosted within carbonatite-related ironstone dykes and associated fenite emplaced along structures within a variety of rock types but predominantly in granites. • No drilling has been undertaken in the areas rock chipped in this announcement. • No drilling results are reported in this announcement. • No information on historical drilling has been found, and there is no on-ground evidence. • No top-cuts have been applied. • No drilling has been undertaken and no data / intersections have been aggregated. Drill hole Information • A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:  easting and northing of the drill hole collar  elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar  dip and azimuth of the hole of down hole length and  hole depth. • If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case. Data aggregation methods • In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grade