73% Increase in Simon’s Find Indicated Mineral Resources

Quarterly Activities – Dec 2019

Share Placement Raises $12 Million

Investor Presentation Dec 2019

Progress Update on Debt Funding for the Yangibana Project

• KfW and Euler Hermes confirm continuing support for Yangibana project financing.
• Negotiations on long-form term sheet initiated.
• Completion of due diligence and application for credit approval targeted for Q1 2020.

For complete announcement see

Bulk Ore Sorting Trial Shows Outstanding Results

95% Recovery of Ore And 52% Improvement in Head Grade From Bulk Ore Sorting Trial

  • 95.1% recovery of contained Nd2O3+Pr6O11 on 1.8 tonne sorted bulk sample.
  • 52% increase in head grade from 0.71% to 1.08% Nd2O3+Pr6O11.
  • 37.1% of the sample mass rejected from ore sorting testwork.
  • Standard commercial ore sorting technology, X-Ray transmission (XRT), has proven to be extremely effective at removing dilution on samples used in the testing program.
  • Technical and engineering programs will continue to investigate the operating scenarios where benefits can be realised for the project.

Hastings Technology Metals Limited (ASX: HAS) (“Hastings” or “the Company”) is pleased to announce successful completion of bulk sample testing through an ore sorting circuit. These outstanding results confirm earlier results from smaller drill core derived samples, which were tested with two different ore sorter vendors.

Previous small-scale test work has shown that off-the-shelf x-ray transmission (XRT) ore sorting technology could be applied to separate out a barren waste stream from the ore. This presents an opportunity to remove waste dilution material from the mining process before the material is fed into the processing plant, potentially resulting in energy and reagent savings in the beneficiation circuit.

The crushed bulk ore sample of 1.8 tonnes was screened into two size fractions -10.5mm and +10.5mm. The sortable fraction (+10.5mm) after being diluted with waste material at either 35% or 60% proportions was screened on a Tomra commercial sorter using XRT technology at 32 tonnes per hour feed rate.

In the base case sorted ore sample, crushed and screened to +10.5mm and diluted with 35% waste material, a total of 37.1% of the sample mass was rejected at a grade of 0.09% Nd2O3+Pr6O11, representing a loss of Nd2O3+Pr6O11 of just 4.9% or an overall recovery of 95.1% Nd2O3+Pr6O11 in the Ore. A corresponding 52% increase or upgrade in the ore head grade was achieved from 0.71% to 1.08% Nd2O3+Pr6O11.

In the sorted sample diluted with 60% waste material, the ore sorting test work program achieved an upgrade factor of 2.16 taking the feed grade from 0.43% Nd2O3+Pr6O11 to 0.93% Nd2O3+Pr6O11, whilst recovering 90.6% of the Nd2O3+Pr6O11.

The sorting tests of the sortable fraction showed that the standard commercial Tomra technology was able to successfully sort the Yangibana ore using XRT technology.

Andrew Reid, Hastings Chief Operating Officer, said “the Yangibana orebody continues to amaze us. Not only with its world-class ratios of Nd2O3+Pr6O11, but now these results have confirmed that ore sorting presents a real and future prospect to gain higher operational efficiencies from the Yangibana Processing Plant”

Figure 1: TOMRA ore sorter used for the bulk ore sorting sample

Detailed quantitative mineralogy is pending on the ore sorting waste stream. However, the results indicate that the REO rejected in the ore sorter waste stream is not composed heavily with liberated monazite, but rather with low-grade REO intergrowths which would not be recovered in the flotation process. The benefit for the Yangibana project is in removing this barren gangue early in the process flowsheet, with potential benefits gained in streamlining the efficiency of the beneficiation plant.

The full opportunity for including ore sorting technology into the Yangibana process flowsheet is still being assessed. Based on these testwork results, technical and engineering programs will continue to investigate the benefits that can be realised across the project.

Yangibana ore being feeding to the ore sorter at 32 tonnes per hour

Figure 2: Yangibana ore being feeding to the ore sorter at 32 tonnes per hour

Competent Person Statements

The scientific and technical information in this announcement and that relates to process metallurgy is based on information reviewed by Ms Narelle Marriott (Principal Engineer – Beneficiation) and Mr Zhaobing (Robin) Zhang (Process Engineering Manager) of Hastings Technology Metals Limited. Both Ms Marriott and Mr Zhang are members of the AusIMM. Each has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined by the JORC Code 2012. Ms Marriott and Mr Zhang consent to the inclusion in this announcement of the matters based on their information in the form and context in which it appears.


Total Rare Earths Oxides, TREO, is the sum of the oxides of the light rare earth elements lanthanum (La), cerium (Ce), praseodymium (Pr), neodymium (Nd), and samarium (Sm) and 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).


18% Increase in Ore Reserves, Mine Life Extended 2 Years to 13 Years

  • Increase in Neodymium and Praseodymium Oxide (Nd2O3+Pr6O11) of 4,800t or 11% to 49Kt, the key components for Electric Vehicle permanent magnets.
  • Increase in Total Rare Earths Oxide (TREO) of 11,900t or 9% to 138Kt.
  • Updated Ore Reserve extends mine life by 2 years, supporting a 13-year operational life for the Project.
  • Probable Ore Reserve tonnes increased 18% to 12.20 million tonnes at 1.13%TREO including 0.40%Nd2O3+Pr6O11.
  • Project NPV increased by 6% to A$549 million confirming outstanding project economics.

The Directors of Hastings Technology Metals Limited (ASX:HAS) are pleased to announce an increase in the Probable Ore Reserves at the Yangibana Project in the Gascoyne region of Western Australia. Total Probable Ore Reserves have increased to 12.20 million tonnes at 1.13%TREO including 0.40%Nd2O3+Pr6O11, an 18% increase in ore reserve tonnes compared to the previously announced ASX release entitled “Reserves Increase by 34% to 10.35MT covering 10 Years Operation at Yangibana Project” dated 29 January 2019.

Charles Lew, Hastings Executive Chairman, said “with this increase in mining reserves and corresponding mine life, Hastings has one of the most exciting rare earths projects amongst our peers which has been strategically and purposefully developed over the last few years. Importantly the work completed during 2019 has significantly de-risked the project thereby delivering a high degree of confidence in our mine scheduling and future production.”

Download the full announcement at the link below.

13% Increase In Measured And Indicated Mineral Resources

  • Updated Multi Indicator Kriged (MIK) Mineral Resource estimate has resulted in an uplift to the Mineral Resource classifications of the current economic deposits.
  • Combined Measured and Indicated Mineral Resources increased by 13% or 1.7Mt to 15.1Mt.
  • Increase in Total Rare Earths Oxide (TREO) of 8,200t or 5% to 171Kt in the Measured and Indicated Mineral Resource Categories.
  • Increase in Neodymium and Praseodymium Oxide (Nd2O3+Pr6O11) of 4,000t or 7% to 59Kt in the Measured and Indicated Mineral Resource Categories.
  • Inferred Mineral Resources decreased by 25% or 2.1Mt to 6.2Mt
  • Nd2O3+Pr6O11 Global Grade decreased 0.01% to 0.38%.
  • Global Mineral Resource is now 21.3Mt @ 1.12% TREO and 0.38% Nd2O3+Pr6O11.


The Directors of Hastings Technology Metals Limited (ASX: HAS) are pleased to announce a 13% increase in Measured plus Indicated Mineral Resources (for those deposits forming the basis of the Definitive Feasibility released in November 2017) compared to the most recently announced Mineral Resource estimate in November 2018 (ASX announcement titled “INCREASE IN MEASURED AND INDICATED RESOURCES AT YANGIBANA PROJECT” 28 November 2018). Measured plus Indicated Mineral Resources now stand at 15.1Mt within a total Mineral Resource of 21.3Mt. The total updated Measured and Indicated Mineral Resource now hosts approximately 60Kt of neodymium and praseodymium oxide, an increase of 7%, which forms the basis of the Company’s main economic driver.

Charles Lew, Hastings Executive Chairman, said “we are extremely pleased that this work has not only confirmed our existing Mineral Resources but has significantly increased the Measured and Indicated portions which drive Mining Reserves. We are confident that the expected increase in Ore Reserve will extend the mine life which underpins the project financing.”

Download the full ASX Announcement at the link below

Notice of Annual General Meeting/Proxy Form

Please download the announcement at the link below

September 2019 Quarterly Report

  • DRA Pacific Pty Ltd awarded the Engineering, Procurement and Contract Management (EPCM) Contract for the Yangibana Rare Earths Processing Plant.
  • The scope of works under the DRA Pacific Pty Ltd EPCM agreement has an estimated capital value of circa A$350m
  • WA Minister for Environment has granted the environmental permit for the Yangibana Rare Earths Project.
  • Environmental approval milestone clears the path for remaining permits to be considered leading to construction and development work commencing
  • 5c Water Entitlement License Received with an annual capacity of 1.84GL
  • Pace of design work continues readying for construction

Download Activities Announcement Here:

Download Appendix 5B Cash Flow Announcement Here: