Hastings Technology Metals

Our accommodation village includes a medical centre, sports court, shop and dry and wet mess facilities.

294 rooms, built in 2023 and now on care and maintenance

Kurrbili Village

Airport buildings are in place, ensuring fast changeovers for our fly-in, fly-out workforce.

2km airstrip, suitable for aircraft of up to 70 seats

Yangibana Airstrip

A fully permitted six-bore borefield with tanks, pumps and pipeline, site access roads, communications towers, and long-lead equipment stored in WA ready for installation.

Borefield, roads and long-lead items

Water, access and equipment

Yangibana Project

Hastings Technology Metals (ASX:HAS) Investor Hub

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Yangibana is a world-class rare earths and niobium deposit. It contains one of the highest proportions of NdPr globally, averaging 37% of total rare earth oxide over the life of mine and up to 52% in some areas. Since our first JORC Mineral Resource in 2014, we have grown resources and reserves through successive updates, most recently in October 2022 and February 2023, with more than 24km of resource strike and 42km of exploration strike.

The Ore Reserve grades 0.33% Nd2O3+Pr6O11 and supports a 19 year mine life with no inferred material in the mine schedule.

Stage 1 of Yangibana is focused on the mine and beneficiation plant to produce a mixed rare earth concentrate.

Mining will be conventional open pit, with drill, blast, load and haul feeding up to 1.2 million tonnes of ore per year into the processing plant. The ore is crushed, milled to a fine sand and processed through a froth flotation circuit to produce up to 37,000 tonnes a year of rare earth concentrate at 27% TREO, with an 85.7% TREO recovery.

Life of mine cash operating costs are estimated at A$162 per tonne of ore, or A$20.75 per kilogram of TREO in concentrate. A process flow review is underway to maximise value across the full basket, including NdPr, niobium and heavy rare earths recovery.

Concentrate from Yangibana could potentially become future feed for downstream processing, including our Thailand hydromet plant, subject to agreement between the joint venture participants.

Key site infrastructure is already in place, materially reducing the capital and time required to reach first production compared with a greenfield development.

Yangibana is held in an unincorporated joint venture between Hastings (40%) and Wyloo (60%), formed in 2025. Wyloo Gascoyne manages and operates the project, and we retain a 40% interest in project revenue and free cash flows.

Following completion of the updated DFS, Wyloo has commenced a formal process to sell its 60% interest, and has reported strong interest from both domestic and international parties. We continue to monitor the process and its implications for our position and the path to a Final Investment Decision.

The project covers approximately 526 square kilometres of granted tenements in the Gascoyne region, around 386km by road from Carnarvon. It sits on the country of the Thiin-Mah, Warriyangka, Tharrkari and Jiwarli people, with whom we have held a Native Title agreement since 2017.

Funding for our share of Stage 1 capital is being assessed, and there is no certainty that funding will be obtained. Please refer to our ASX announcements for full details and risk disclosures.

Australia's highest grade NdPr project.

Built for decades of magnet-grade supply.

Stage 1 economics, confirmed.