JORC Resource – Hastings Technology Metals Limited

Yangibana JORC Ore Reserves

Snowden Mining Industry Consultants has completed pit optimisations, mine design and mine scheduling that has established the ore reserves as show in the table below (January 2019):

Deposit	Tonnes	TREO	Nd₂O₃+Pr₆O₁₁
		%	%
Bald Hill	4,405,000	1.02	0.41
Fraser’s	638,000	1.61	0.68
Auer	728,000	1.12	0.41
Auer North	148,000	1.24	0.47
Yangibana	986,000	0.93	0.44
Yangibana West	1,478,000	1.23	0.34
Yangibana North	1,964,000	1.72	0.44
Total	10,345,000	1.22	0.43

Probable Ore Reserves within tenements held 100% by Hastings are shown in the table below:

Deposit	Tonnes	TREO	Nd₂O₃+Pr₆O₁₁
		%	%
Bald Hill	4,405,000	1.02	0.41
Fraser’s	638,000	1.61	0.68
Auer	728,000	1.12	0.41
Auer North	148,000	1.24	0.47
Yangibana	876,000	0.97	0.46
Yangibana West	1,478,000	1.23	0.34
Total	8,273,000	1.11	0.42

Probable Ore Reserves within tenements held 70% by Hastings are shown in the table below:

Deposit	Tonnes	TREO	Nd₂O₃+Pr₆O₁₁
		%	%
Yangibana	110,000	0.60	0.28
Yangibana North	1,964,000	1.72	0.44
Total	2,074,000	1.66	0.43

These Ore Reserves are derived from the JORC Resources reported below:

Yangibana JORC Resource

Hastings has completed eight phases of drilling at Yangibana with 80,000m drilled in 1,500 holes. Based on results from this drilling independent consultant Widenbar and Associates has estimated the resources as shown in the table below (November 2018).

Category	Tonnes	TREO	Nd₂O₃+Pr₆O₁₁
		%	%
Measured	4,727,000	1.17	0.42
Indicated	8,652,000	1.24	0.41
Inferred	8,294,000	1.09	0.36
Total	21,673,000	1.17	0.39

These resources are derived from the following deposits:

Bald Hill M09/157 and M09/162 (Hastings 100%)

Category	Tonnes	TREO	Nd₂O₃+Pr₆O₁₁
		%	%
Measured	3,345,000	0.99	0.40
Indicated	1,419,000	1.05	0.41
Inferred	1,487,000	0.90	0.34
Total	6,251,000	0.98	0.39

Fraser’s M09/158 (Hastings 100%)

Category	Tonnes	TREO	Nd₂O₃+Pr₆O₁₁
		%	%
Measured	398,000	1.55	0.66
Indicated	407,000	1.53	0.65
Inferred	670,000	0.71	0.30
Total	1,475,000	1.17	0.49

Auer E09/1989 (Hastings 100%)

Category	Tonnes	TREO	Nd₂O₃+Pr₆O₁₁
		%	%
Indicated	1,004,000	1.09	0.39
Inferred	1,000,000	1.09	0.37
Total	2,004,000	1.09	0.38

Auer North E09/1989 and E09/1700 (Hastings 100%)

Category	Tonnes	TREO	Nd₂O₃+Pr₆O₁₁
		%	%
Indicated	462,000	1.09	0.37
Inferred	220,000	0.92	0.29
Total	682,000	1.03	0.35

Yangibana M09/165 (Hastings 100%)

Category	Tonnes	TREO	Nd₂O₃+Pr₆O₁₁
		%	%
Indicated	1,184,000	0.89	0.42
Inferred	716,000	0.87	0.41
Total	1,900,000	0.88	0.42

Yangibana West M09/160 (Hastings 100%)

Category	Tonnes	TREO	Nd₂O₃+Pr₆O₁₁
		%	%
Measured	114,000	1.58	0.45
Indicated	1,665,000	1.24	0.34
Inferred	758,000	1.34	0.35
Total	2,536,000	1.29	0.35

Simon’s Find M09/159 and E09/1943 (Hastings 100%)

Category	Tonnes	TREO	Nd₂O₃+Pr₆O₁₁
		%	%
Indicated	454,000	0.64	0.35
Inferred	855,000	0.67	0.35
Total	1,309,000	0.66	0.35

Yangibana North M09/159 (Hastings 70%)

Category	Tonnes	TREO	Nd₂O₃+Pr₆O₁₁
		%	%
Measured	871,000	1.64	0.43
Indicated	1,924,000	1.84	0.47
Inferred	632,000	1.85	0.47
Total	3,427,000	1.79	0.46

Yangibana M09/163 (Hastings 70%)

Category	Tonnes	TREO	Nd₂O₃+Pr₆O₁₁
		%	%
Indicated	134,000	0.57	0.27
Inferred	135,000	0.51	0.24
Total	269,000	0.54	0.25

Others M09/159 (Hastings 70%)

Inferred	Tonnes	TREO	Nd₂O₃+Pr₆O₁₁
		%	%
Gossan	289,000	1.52	0.33
Lion’s Ear	710,000	1.54	0.39
Hook	289,000	1.52	0.33
Kane’s Gossan	574,000	1.04	0.29