Announcement PDF 16 Se p t e m b e r 2025 HASTINGS TO COMMENCE DRILLING AT SEVEN LEADERS PROSPECT, WHITEHEADS PROJECT HIGHLIGHTS • Ha stin gs Te ch n o lo gy Me ta ls Ltd (“Ha stin gs” o r th e “Co m p a n y”) to co m m e n ce first o n -gro u n d a ctivity with Re ve rse Circu la tio n (RC) d rillin g a t th e Se ve n Le a d e rs p ro sp e ct with in th e Wh ite h e a d s Go ld Pro je ct. • All ke y a p p ro va ls in clu d in g th e su cce ssfu l co m p le tio n o f a n in itia l He rita ge Su rve y with th e Ka ka rra Tra d itio n a l Own e rs a re in p la ce , a llo win g fo r th e im m e d ia te sta rt o f th e d rill p ro gra m o n Mo n d a y 22 Se p te m b e r. • Th e c.1,500m RC p ro gra m is a ke y ste p in th e stra te gy to a d va n ce th e Wh ite h e a d s Pro je ct with in th e Me ta l Ba n k Ltd (ASX:MBK) a gre e m e n t, a llo win g Ha stin gs to crysta llise va lu e fro m its n o n -co re go ld a sse ts. Ha s t in gs Te ch n o lo gy Me t a ls Lt d (ASX:HAS) is p le a se d to a n n o u n ce th e im m in e n t sta rt o f th e in itia l d rill p ro gra m a t th e Se ve n Le a d e rs p ro sp e ct, p a rt o f th e Wh ite h e a d s Pro je ct. Th e RC d rillin g p ro gra m is th e first o n -gro u n d a ctivity fo llo win g th e Co m p a n y’s re ce n tly a n n o u n ce d n o n -b in d in g a gre e m e n t with MBK, fo r th e d ive stm e n t o f its We st Au stra lia n go ld a s se ts (re fe r ASX a n n o u n ce m e n t d a te d 10 Se p te m b e r 2025). Th e Wh ite h e a d s Go ld Pro je ct is lo ca te d in th e Ea ste rn Go ld fie ld s (h e ld th ro u gh th e Co m p a n y’s su b sid ia ry Gre a t We ste rn Go ld Pty Ltd (“GWG”)). Ha stin gs h a s re ce ive d a ll n e ce ssa ry a p p ro va ls fo r th e in itia l p ro gra m to p ro ce e d in clu d in g th e su cce ssfu l co m p le tio n o f a h e rita ge su rve y with th e Ka ka rra Tra d itio n a l Own e rs, wh ich co n firm e d n o h e rita ge site s with in th e d rill a re a . Th is a p p ro va l e n su re s Ha stin gs ca n co n tin u e to fa s t tra ck to a n in itia l re so u rce a t Se ve n Le a d e rs a n d th e su b se q u e n t p la n to e a rly p ro d u ctio n . Th e d rillin g co n tra cto rs will m o b ilise la te r th is we e k to co m m e n ce d rillin g o n Mo n d a y 22 Se p te m b e r. Th e in itia l d rill p la n co n sists of c.1,500m o f RC d rillin g to co n firm h isto rica l d rill d a ta , a n d a ge o te ch n ica l d ia m o n d co re h o le to e n su re a d e q u a te ge o te ch n ica l d a ta is a va ila b le to d e sign a n d im p le m e n t th e sta rte r p it. Th e d rill p ro gra m , in clu d in g th e d ia m o n d h o le , will ta ke a p p ro x. 2 we e ks to co m p le te . On co m p le tio n o f d rillin g a n d th e su b se q u e n t d rill h o le a ssa ys, Ha stin gs will a n n o u n ce a n in itia l Re so u rce o n th e Se ve n Le a d e rs p ro je ct, p ro ce e d in g to m in in g le a se a p p licatio n a n d su b m issio n o f th e Min in g Pro p o sa l. It is th e Co m p a n y’s in te n tio n to co m m e n ce m in in g a t Se ve n Le a d e rs in la te 2026. Co m m e n t in g o n t h e h e r it a ge s u r ve y a n d t h e Se ve n Le a d e r s d e ve lo p m e n t p la n , Ha s t in gs COO, Mr Tim Gilb e r t s a id : “We a re a pprecia tive of the rela tionship we ha ve with the Ka ka rra people a nd being a ble to complete the initia l survey quickly, we look forwa rd to the future with the Ka ka rra people. Ongoing rela tionships a re so importa nt, a nd tha t is how we ca n mobilise Ca stle Drilling to site quickly to meet our development schedule. We a re a lso gra teful to Ginda lbie Sta tion for their support. In drilling Seven Lea ders a nd using the new da ta to confirm historica l drill results, we will be a ble to a nnounce a Ma iden Resource quickly. Tha t a llows us to ma inta in our development a nd production pla n to begin mining in la te 2026. With ea rly ca sh flow from Whitehea ds a nd our recently a nnounced divestiture of our WA gold a ssets to Meta l Ba nk Limited (MBK) in excha nge for MBK sha res, MBKs future production pla n is ga thering pa ce with the MBKs Livingstone project well pla ced to increa se gold production soon a fter Whitehea ds. The combined a ssets a re sha ping up to be a susta ina ble gold producer.” Un d e r th e te rm s o f th e a gre e m e n t with MBK, Ha stin gs is m a n a gin g a n d e xe cu tin g th e in itia l d rill p ro gra m . Th e p rim a ry go a l is to d e fin e a m a id e n JORC Min e ra l Re so u rce Es tim a te a t Se ve n Le a d e rs, sa tisfyin g a ke y m ile sto n e with in th e tra n sa ctio n fra m e wo rk a n d e sta b lish th e p ro je ct’s va lu e p ro p o sitio n fo r MBK’s fu tu re d e ve lo p m e n t p la n s. Su cce ssfu l co m p le tio n o f th is p ro gra m will p ro gre ss Ha stin g’s stra te gy to re a lise va lu e fro m its n o n -co re a sse ts wh ile re ta in in g e xp o su re to fu tu re su cce ss th ro u gh its p ro p o se d sh a re h o ld in g in MBK, wh ich is su b je ct to b in d in g d o cu m e n ta tio n a n d o th e r co n d itio n s p re ce d e n t. Au th o rise d b y th e Bo a rd fo r re le a se to th e ASX. FOR FURTHER INFORMATION CONTACT: Ch a r le s Le w Exe cu tive Ch a irm a n +65 62209220 Vin ce Ca t a n ia Ch ie f Exe cu tive Office r +61 8 6117 8605 Em a il: in fo@h a stin gste ch m e ta ls.com Tim Gilb e r t Ch ie f Op e ra tin g Office r +61 8 6117 8627 ABOUT HASTINGS TECHNOLOGY METALS LIMITED Ha stin gs Te ch n o lo gy Me ta ls Lim ite d is a Pe rth -b a se d ra re e a rth s co m p a n y fo cu se d o n th e d e ve lo p m e n t o f its fla gsh ip Ya n gib a n a Ra re Ea rth s a n d Nio b iu m Pro je ct. Lo ca te d in th e Ga sco yn e re gio n o f We ste rn Au stra lia , th e Ya n gib a n a Pro je ct co n ta in s o n e o f th e m o st h igh ly va lu e d d e p o sits o f Nd Pr in th e wo rld with a n Nd Pr to To ta l Ra re Ea rth Oxid e ra tio o f u p to 52% in so m e a re a s o f th e o re b o d y. With a n in itia l m in e life o f 17 ye a rs, th e Ya n gib a n a Pro je ct is e xp e cte d to b e co m e a glo b a lly sign ifica n t so u rce o f Nd Pr, a critica l co m p o n e n t in th e m a n u fa ctu re o f p e rm a n e n t m a gn e ts u se d in a d va n ce d te ch n o lo gy p ro d u cts in clu d in g e le ctric ve h icle s, re n e wa b le e n e rgy, h u m a n o id ro b o tics, a n d d igita l d e vice s. Th e Ya n gib a n a Pro je ct is fu lly p e rm itte d fo r im m e d ia te d e ve lo p m e n t a n d is we ll-tim e d to m e e t th e fo re ca st su p p ly ga p fo r ra re e a rth e le m e n ts a cce le ra te d b y th e gro wth in e le ctric ve h icle s a n d win d tu rb in e s, b o th vita l fo r th e glo b a l e n e rgy tra n sitio n . It will b e d e ve lo p e d in two sta ge s with a n in itia l fo cu s o n th e co n stru ctio n o f th e m in e a n d b e n e ficia tio n p la n t to p ro d u ce 37,000 to n n e s p e r a n n u m 1 o f m ixe d ra re e a rth co n ce n tra te . Ha stin gs re co gn ise s in its ge o lo gica l m o d e l a n d m in e p la n th e p o te n tia l fo r a m u lti-co m m o d ity re co ve ry p ro ce ss stre a m wh ich u n d e rp in s th e e co n o m ic re co ve ry o f ra re e a rth m in e ra ls a n d a sso cia te d critica l m in e ra ls like fe rro -co lu m b ite , a n d h a fn iu m -e n rich e d zirco n . Fo r m o re in fo rm a tio n , p le a se visit www.h a stin gste ch m e ta ls.co m AUSTRAL‫ﺖ‬A Br o ck m a n Nio b iu m a n d HREE Pr o je ct 100% St a ge 2 ΜHyd r o m e t JV 40% HAS, 60% Wylo o Lo ca t io n s u n d e r co n sid e r a t io n : On slo w , KSA Da r cys Go ld Pr o je ct 100% St a ge 1 40% Ha st in gs, 60% Wylo o Ar k Go ld 100% WESTERN AUSTRAL‫ﺖ‬A Wh it e h e a d s Go ld Pr o je ct 75% HAS 53 FORWARD LOOKING STATEMENTS Th is re le a se co n ta in s re fe re n ce to ce rta in in te n tio n s, e xp e cta tio n s, fu tu re p la n s, stra te gie s a n d p ro sp e cts o f th e Co m p a n y. Th o se in te n tio n s, e xp e cta tio n s, fu tu re p la n s, stra te gie s a n d p ro sp e cts m a y o r m a y n o t b e a ch ie ve d . Th e y a re b a se d o n ce rta in a ssu m p tio n s , wh ich m a y n o t b e m e t o r o n wh ich vie ws m a y d iffe r a n d m a y b e a ffe cte d b y kn o wn a n d u n kn o wn risks. Th e p e rfo rm a n ce a n d o p e ra tio n s o f th e Co m p a n y m a y b e in flu e n ce d b y a n u m b e r o f fa cto rs, m a n y o f wh ich a re o u tsid e th e co n tro l o f th e Co m p a n y. No re p re se n ta tio n o r wa rra n ty, e xp re ss o r im p lie d , is m a d e b y th e Co m p a n y, o r a n y o f its d ire cto rs, o ffice rs, e m p lo ye e s, a d vise rs, o r age n ts th a t a n y in te n tio n s, e xp e cta tio n s, o r p la n s will b e a ch ie ve d e ith e r to ta lly o r p a rtia lly o r th a t a n y p a rticu la r ra te o f re tu rn will b e a ch ie ve d . Give n th e risks a n d u n ce rta in tie s th a t m a y ca u se th e Co m p a n y’s a ctu a l fu tu re re su lts, p e rfo rm a n ce , o r a ch ie ve m e n ts to b e m a te ria lly d iffe re n t fro m th o se e xp e cte d , p la n n e d o r in te n d e d , re cip ie n ts sh o u ld n o t p la ce u n d u e re lia n ce o n th e se in te n tio n s, e xp e cta tio n s , fu tu re p la n s, stra te gie s a n d p ro sp e cts. Th e Co m p a n y d o e s n o t wa rra n t o r re p re se n t th a t th e a ctu a l re su lts, p e rfo rm a n ce , o r a ch ie ve m e n ts will b e a s e xp e cte d , p la n n e d o r in te n d e d . Th e Co m p a n y is u n d e r n o o b liga tio n to , n o r m a ke s a n y u n d e rta kin g to , u p d a te o r re vise su ch fo rwa rd lo o kin g sta te m e n ts, b u t b e lie ve s th e y a re fa ir a n d re a so n a b le a t th e d a te o f th is re le a se .