Interim CEO Update
Released
Released
Announcement PDF
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ASX Announcement
11 July 2023
Interim CEO Update
Australia’s next rare earths producer, Hastings Technology Metals (ASX: HAS) (Hastings or Company),
advises that following the successful completion of his mandate, interim CEO, Mr Alwyn Vorster, has
elected not to extend his fixed term contract beyond its expiry on 31 July 2023 to focus mainly on his
non-executive roles in the industry.
Mr Vorster was appointed in the new role of interim CEO in November 2022 to strengthen Hastings’
management team and organisational structure for the development phase of the Yangibana Rare
Earths Project, and to oversee a comprehensive review of the project delivery and funding model.
Advancement of the Yangibana Rare Earths Project will continue under the oversight of Chief Operating
Officer Rudolph van Niekerk, with a formal search process for a permanent CEO underway and an
appointment expected in due course.
Hastings Executive Chairman, Mr Charles Lew, said, “Alwyn joined the Hastings team to bring his project
development experience to the Yangibana Project and ensure the delivery of this world class project
remains on track as we navigate the current inflationary environment.
“The Hastings Board would like to recognise his positive contribution over the past seven months,
including building a strong management team and repositioning the project for a lower capital and
lower risk construction and commissioning phase as we work towards our goal of first rare earth
concentrate production in Q1 2025.”
This announcement has been approved for lodgement with ASX by the Board.
FOR FURTHER INFORMATION CONTACT:
Charles Lew
Executive Chairman
+65 9790 9008
HASTINGS TECHNOLOGY METALS LIMITED
Level 3, 5 Mill Street, Perth WA 6000
www.hastingstechmetals.com | +61 8 6117 6118
MEDIA QUERIES:
Stephanie Vanicek
Communications Manager
+61 405 183 237
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