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Hastings Technology Metals Limited (ASX:HAS) entered into a binding agreement to acquire the additional 30% stake in the Yangibana rare earth project in Western Australia from Mojito Resources Limited for AUD 9 million.

2022-06-23 00:00:00

Hastings Technology Metals Limited (ASX:HAS) entered into a binding agreement to acquire the additional 30% stake in the Yangibana rare earth project in Western Australia from Mojito Resources Limited for AUD 9 million on June 23, 2022. As a result of the acquisition, Hastings will control 100% of the Mineral Resources. The Yangibana Project currently covers approximately 650 square kilometers containing some 9 Mining Leases, 2 Prospecting Licenses and 19 Exploration Licenses.

Macquarie Group Limited, Critical Minerals Forum, Jun 27, 2022 through Jun 28, 2022

2022-06-17 09:35:00

Macquarie Group Limited, Critical Minerals Forum, Jun 27, 2022 through Jun 28, 2022. Venue: Macquarie Perth Office, Perth, Australia.

Hastings Technology Metals Limited Presents at Critical Minerals Forum, Jun-27-2022

2022-06-17 09:35:00

Hastings Technology Metals Limited Presents at Critical Minerals Forum, Jun-27-2022 . Venue: Macquarie Perth Office, Perth, Australia.

Hastings Technology Metals Limited Announces First Results from the 2021-2022 Yangibana Project Resource Definition RC Drilling Program

2022-06-08 22:33:00

Hastings Technology Metals Limited announced that the first results from the 2021-2022 Yangibana Project Resource Definition RC Drilling program have been received. Results for approximately 46% of the samples submitted from the drilling program have now been analysed. The drilling program targeted the 8km long Bald Hill Simon's Find Fraser's trend which is near the process plant and vital for the high-grade feed required upon project start-up. These results from the 13,334m drilling program have successfully extended current known mineralisation down dip within the mineralised Bald Hill Simon's Find Fraser's trend below the currently defined Mineral Resource base as well as to infill near-surface portions which had insufficient drilling and were required to be classified as Inferred. Results to date indicate approximately 69% of holes intersected rare earth mineralisation greater than 0.24% TREO, previously estimated at the lower economic cut-off grade. Results from drilling have been received for a 2.5km zone covering the northern part of Fraser's and all of Simon's Find, with results from Bald Hill and the central part of Fraser's yet to be received.

Hastings Technology Metals Limited Announces First Construction Blast At Yangibana Rare Earths Project

2022-06-07 05:23:00

Hastings Technology Metals Ltd. announced that it has successfully completed its first blast of construction waste material required for the ongoing completion of its early infrastructure works packages, including construction of access roads, airstrip and village accommodation. This is an important milestone in the development of the early works infrastructure and allows advancement towards full scale process plant construction over the coming months. Yangibana is expected to produce rare earth concentrates for more than 15 years and will contribute some 6-8% of the world's production of Neodymium and Praseodymium, the two most sort after rare earth elements. Hastings anticipates that a large percentage of the AUD 658 million project spend will be awarded to companies based in Australia, with the majority going to companies based in Western Australia. As at the end of May 2022 contracts have been awarded for village earthworks and construction, communications and water supply infrastructure and other miscellaneous works. Highlights: First construction blast has been fired at the Yangibana rare earths project; This is a major step in the development of the A$658m Yangibana Project in the Upper Gascoyne; The blast represents the start of the next phase of infrastructure development works at Yangibana, on the way to a target of ore commissioning by 2H 2024; Over the next few months, the Yangibana team will be completing key enabling packages such as the main access road, airstrips, accommodation village and site communication link to enable EPCM commencement in 2H 2022; Yangibana will create around 500 construction jobs and more than 250 ongoing operational roles.

Hastings Technology Metals Limited, Special/Extraordinary Shareholders Meeting, Jun 21, 2022

2022-05-23 03:44:00

Hastings Technology Metals Limited, Special/Extraordinary Shareholders Meeting, Jun 21, 2022, at 10:00 W. Australia Standard Time. Location: Hastings Boardroom, Level 3, 5 Mill Street West Perth Australia Agenda: To discuss Ratification of Prior Issue of 160,000,000 Shares; to discuss Ratification of prior issue of 80,000,000 Unlisted Options; and to discuss Approval for consolidation of shares on a 1 for 20 basis.

Hastings Technology Metals Limited, 1 : 20, Stock Split or Significant Stock Dividend, Jun-23-2022

2022-05-23 00:00:00

Hastings Technology Metals Limited, 1 : 20, Stock Split or Significant Stock Dividend, Jun-23-2022

Hastings Technology Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million.

2022-04-01 00:00:00

Hastings Technology Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 160,000,000 Price\Range: AUD 0.25 Discount Per Security: AUD 0.01 Transaction Features: Subsequent Direct Listing

Hastings Technology Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 40 million.

2022-03-29 00:00:00

Hastings Technology Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 40 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 160,000,000 Price\Range: AUD 0.25 Discount Per Security: AUD 0.01 Transaction Features: Subsequent Direct Listing

Hastings Technology Metals Ltd Receives Approvals for Significant Portion of the Debt Package to Fund Construction of the Yangibana Rare Earths Project, in the Gascoyne Region of Western Australia

2022-02-01 21:32:00

Hastings Technology Metals Ltd. (Hastings or the Company) announced that it has received approvals for a significant portion of the debt package required to fund construction of the Yangibana Rare Earths Project (Yangibana), in the Gascoyne region of Western Australia. The Federal Government's Northern Australia Infrastructure Facility (NAIF) has agreed to supply a AUD 140 million, 12½-year tenor loan facility for the development of Yangibana. The loan has been approved by the NAIF Board and endorsed by the Federal Minister for Northern Australia, the Honourable David Littleproud. The NAIF loan forms part of the AUD 300-400 million of total debt funding required for Yangibana and is aligned with Australia's Critical Minerals Strategy and the Western Australian Government's Future Battery Industry Strategy. The Yangibana project, which comprises a mine and beneficiation plant at the Yangibana site and a hydrometallurgical plant at the Ashburton North Strategic Industrial Area (ANSIA) near Onslow, will become Australia's second rare earths producer and expands the country's strategic capability in downstream processing of rare earths minerals. The Federal Government's commitment to Yangibana comes at a significant inflexion point for the global rare earths sector amid a drive by rare earths magnet-end users to secure responsible and reliable sources of supply. The increased demand from electrification of transport through EVs and the decarbonisation of the energy sector through wind turbines has created pressure for new supply sources to be brought online rapidly. The mixed rare earths carbonate ("MREC") produced by the Yangibana Project will meet approximately 6-8% of global demand for the critical minerals of neodymium and praseodymium used in the manufacture of permanent magnets. It will help to position Australia as a strategic partner for the long-term supply of critical minerals necessary to ensure world-wide decarbonisation. Yangibana is endowed with the world's higher composition of neodymium and praseodymium and is located in the Tier 1 mining jurisdiction in Western Australia. Hastings has commenced early site works at Yangibana and recently received Commonwealth environmental approvals to develop the hydrometallurgical plant site at ANSIA near Onslow. Hastings expects to complete supporting infrastructure activities at Yangibana by the middle of this year in advance of commencing construction of the beneficiation plant in conjunction with the hydrometallurgical plant. Yangibana will support a peak construction workforce of nearly 500 in the Upper Gascoyne and Lower Pilbara regions of Western Australia and create more than 250 steady state operational jobs during the initial 15-year mine life. Significant public benefits to the Gascoyne region will be delivered through commitments Hastings is making with regards to local employment and business opportunities, upgrading of roads and installation of common communications infrastructure. Hastings will now seek to finalise the debt package required to fully fund construction with the remaining financial institutions actively engaged in the project finance process. Hastings will further update the market when the process is completed. One of the key conditions prior to drawdown requires Hastings to fund its equity portion in order to access the project finance package from the lender consortium. As previously outlined, the NAIF loan forms part of the AUD 300-400 million of total debt funding required for Yangibana. Once the current capital expenditure validation exercise is completed, Hastings will update the market on the balance of funding required for construction and commissioning. In addition, loan documentation and normal conditions precedent for a loan of this nature will need to be met prior to accessing the project finance package. KPMG Corporate Finance is acting as project finance adviser and Herbert Smith Freehills as legal adviser to Hastings in relation to the project finance package.

Hastings Technology Metals Limited Announces Commonwealth Environmental Approval for Hydro Plant Onslow

2021-10-25 21:54:00

Hastings Technology Metals Ltd. announced that the Federal Government's Department of Agriculture, Water and the Environment (DAWE) has finalised its environmental approval for the hydrometallurgical plant of the Company's Yangibana Rare Earths Project's (Yangibana), in the Gascoyne region of Western Australia. DAWE has given Hastings approval to proceed with constructing the Onslow Rare Earths Plant at the Ashburton North Strategic Industrial Area (ANSIA), approximately 15km south-west of the coastal town of Onslow. As previously announced by Hastings, the Onslow Rare Earths Plant will perform the hydrometallurgical processing of rare earths oxide concentrate from Yangibana into mixed rare earth carbonate (MREC) containing high levels of neodymium and praseodymium concentrate (NdPr). NdPr are vital components used to manufacture permanent magnets that are required in advanced technology products ranging from electric vehicles to wind turbines, robotics, medical applications and digital devices. ANSIA has been identified by the WA Government as a location suitable for strategic industrial developments, a position now further endorsed by the DAWE approval for Yangibana. Construction of the hydrometallurgical plant is due to begin in 2022, after the completion of early works at Yangibana mine site and in line with Hastings' target to produce its first MREC in early 2024.

Hastings Technology Metals Limited Announces Address Change

2021-10-24 21:15:00

Hastings Technology Metals Limited announced Principal Place of Business and Registered Office to Hastings Technology Metals Limited, Level 3, 5 Mill Street, Perth WA 6000.

Hastings Technology Metals Limited to Commence 2021 Resource Definition Drilling Program At Yangibana

2021-10-07 21:42:00

Hastings Technology Metals Ltd. announced that a drilling contractor has been engaged to commence the 2021 exploration and resource drilling program at the Company's Yangibana Rare Earths Project (Yangibana), in WA's Gascoyne region. The focus of the drilling program is twofold. Firstly, it is designed to extend currently known, shallow down dip mineralised extensions along the Bald Hill Simon's Find Fraser's trend (Figure 1) with the intention of increasing the existing 27.42Mt JORC Mineral Resource. The second aspect of the program will be to infill drill near-surface portions of this trend, which have insufficient drilling to be classified as Measured or Indicated Resources. Significant potential exists to conduct additional drilling over a 2.7km long zone which is currently classified either as an Inferred Resource or presently outside of the current Mineral Resource. Drilling is scheduled to commence in late October and be completed by late December 2021. Site preparation and mobilisation of consumables and field staff are underway. Highlights: This drilling program will target and further delineate the near surface mineralised system in close proximity to the proposed processing plant containing world-class compositions of neodymium and praseodymium (NdPr) up to 52% of TREO that were discovered by Hastings at the Yangibana Rare Earths Project in 2020. Resource Definition reverse circulation (RC) drilling will commence along the 8km of defined economic mineralisation from Bald Hill Simon's Find Fraser's. Program to include 140 holes for 11,000m of RC drilling focusing on extension and infill holes where >50% of total rare earths oxides (TREO) was NdPr and where mineralisation is interpreted to remain open in all directions. The drilling is targeted to: Increase existing shallow resources down dip of existing drilling; Increase drill hole density, targeting upgrading of Inferred Resources to Indicated or Measured Resource categories; and Targeting close proximity to the location of the proposed processing plant, supplementing early plant feed. A maiden Simon's Find Ore Reserve of 1.72Mt @ 0.57% TREO (52% of TREO stated as NdPr) was announced to the ASX on 27 July 2021¹. The NdPr: TREO ratio of 52% is more than three times the world's average at 16% and twice the level of the next closest project. NdPr represents more than 90% of the value in the Yangibana basket of rare earth elements. NdPr is the key component in permanent magnets and a major factor driving rare earth pricing growth over the next decade enabling green technologies.

Hastings Technology Metals Limited - Shareholder/Analyst Call

2021-10-03 21:32:00

AGM

Hastings Technology Metals Limited, Annual General Meeting, Nov 25, 2021

2021-10-03 21:32:00

Hastings Technology Metals Limited, Annual General Meeting, Nov 25, 2021, at 14:00 W. Australia Standard Time. Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2021; to consider adoption of remuneration report; to consider re-election of Director; to consider fees to non-executive Directors; and to consider any other matters.

Hastings Technology Metals Limited(ASX:HAS) added to S&P Global BMI Index

2021-09-20 00:00:00

Hastings Technology Metals Limited(ASX:HAS) added to S&P Global BMI Index

Hastings Technology Metals Limited Announces Site Works Commence At Yangibana Rare Earths Project

2021-08-25 02:30:00

Hastings Technology Metals Ltd. announce that personnel and equipment have mobilised to the Yangibana Rare Earths Project site in readiness for early infrastructure and earthworks activities. Surface infrastructure development activities have commenced at Yangibana to advance the project towards construction prior to finalisation of key service contracts for the construction of the plant and development of the processing facilities at Yangibana and Onslow where the hydrometallurgical plant will be located. Infrastructure works that are to commence at Yangibana include the following: · Site clearing and roadworks - Initial works will focus on various site and access roadworks, topsoil clearing and storage, and ground preparation at the permanent village site. · Airstrip - earthworks to construct a 2,000m unsealed airstrip in close proximity to the village, capable of accommodating 50-seat aircraft. · Permanent village construction - design and Installation of a 300-person village, utilising previously procured and re-located buildings already onsite. · Communications link - dual band, 5 hop microwave link using new and existing 60m towers from site to the north-west highway interconnection to existing public network. Water supply from the borefield - connecting already installed bores, drilling new bores, equipping these with pumps, and constructing pipelines /transfer stations to complete the distribution system to the village and process plant. The above works have been facilitated by the re-establishment of an existing 60-person fly camp at the Yangibana Project site that will be used to house workers until the permanent village is ready for occupation early in 2022. The early works program is being conducted to support the project scope contained within the previously announced definitive feasibility study ("DFS"). Such a major infrastructure development program at this time has been made possible by a combination of Hasting's strong availability of equity funds and good progress being made with respect to the project financing debt process.

Hastings Technology Metals Limited Announces Ore Sorting Testwork Results 26% Uplift in Mine Head Grade

2021-08-17 22:33:00

Hastings Technology Metals Ltd. announced that ore sorting test work on samples sourced across the Yangibana Rare Earths Project (Yangibana), in Western Australia's Gascoyne region, has confirmed its suitability within the beneficiation process, delivering early gangue mineral rejection and a significant upgrade of rare earths material prior to the higher-cost processing steps. The ore sorting test results confirmed that the total rare earths oxide (TREO) recovery through the ore sorter is a linear function, where the lower the head grade the higher the mass rejection becomes. It is therefore forecast, based on the average content of alumina and silica for all Yangibana deposits, that 24% of the proposed crusher feed will be rejected by the ore sorters as waste at the expense of only 4% TREO volumes across the life of mine (LOM) schedule.

Hastings Technology Metals Ltd Receives Conditional Approval from the WA Government to Develop the Yangibana Rare Earths Project's Hydrometallurgical Plant in the Ashburton North Strategic Industrial Area

2021-08-01 22:15:00

Hastings Technology Metals Ltd. received conditional approval from the WA Government to develop the Yangibana Rare Earths Project's (Yangibana) hydrometallurgical plant in the Ashburton North Strategic Industrial Area (ANSIA), near Onslow on the Pilbara coast. ANSIA is home to Chevron's Wheatstone and BHP's Macedon gas projects and offers Hastings access to key utilities as well as proximity to a skilled workforce in Onslow and the town's port and airport facilities. The ANSIA location has access to key connections services required for rare earths processing, such as piped natural gas, sufficient water and power, which are all located within close proximity of the proposed Yangibana hydrometallurgical location. ANSIA is approximately 430km by road from the Yangibana mine site, ensuring a cost-efficient delivery of a high-grade concentrate from the mine site to the hydrometallurgical plant for final production of mixed rare earth carbonate (MREC) that will have industry high volumes of neodymium and praseodymium, together referred to as NdPr. They are vital raw materials used in the manufacture of permanent magnets for use in electric vehicles, wind turbines and other clean-energy products. Hastings has agreed to all key terms with the West Australian Government's land and development corporation DevelopmentWA with respect to a 78ha parcel of land inside ANSIA and now awaits final board approval by DevelopmentWA in coming weeks. Securing the land at ANSIA is a key step in the development of Yangibana and will allow Hastings to finalise the project's capital and operating cost structures ahead of the close of financing and the start of construction. The hydrometallurgical plant will generate several hundred jobs during construction and between 50-70 jobs permanently during operations over Yangibana's 15-year life. Construction of the hydrometallurgical plant will commence in 2022, after the start of construction of the Yangibana mine site.

Hastings Technology Metals Ltd Announces Significant Increase in the Ore Reserve Estimate at its Yangibana Rare Earths Project

2021-07-26 22:25:00

Hastings Technology Metals Ltd. announced a significant increase in the Ore Reserve Estimate at its Yangibana Rare Earths Project (Yangibana) in Western Australia's Gascoyne region. Total Proven and Probable Ore Reserves have increased to 16.7Mt at 0.95% Total Rare Earths Oxide (TREO) including 0.37% Nd2O3 and Pr6O11 (together, NdPr), a 37% increase in Ore Reserve tonnes compared with the previous Ore Reserve Estimate announced in 2019 (see ASX announcement, dated 4 November 2019 18% Increase in Ore Reserves, Mine Life Extended 2 Years To 13 Years). The major increase in Ore Reserve was built on the successful 2020 Exploration Program targeting five of ten key deposits at Yangibana, which delivered a significant Mineral Resource increase. Proved and Probable Ore Reserves: Based on Definitive Feasibility Study (DFS) information and recent updates to Yangibana's forecast operating costs, product pricing, geological, geotechnical, metallurgical and environmental work, independent consultant Intermine Engineering Consultants (Intermine) completed an updated Ore Reserve estimate based on Measured and Indicated Mineral Resources at each of the Bald Hill, Fraser's, Simon's Find, Auer, Auer North, Yangibana, Yangibana West and Yangibana North deposits. This Ore Reserve estimate used Whittle pit optimisation software to maximise ore recovery using conventional drill and blast, load and haul mining methods. Modifying Factors used to estimate the new Ore Reserves are provided in the Table 1 Section 4 of the JORC Code (2012) at the end of this announcement. The increase in the Ore Reserves is based on the re-estimated and updated Mineral Resources for the Bald Hill, Fraser's, Simon's Find, Auer and Yangibana deposits plus the previously announced and unchanged Yangibana North deposit. The new Mineral Resource is the result of a successful 23,739m drilling campaign during 2020 to target new rare earths mineralisation and extensions to previously defined deposits. Additional drilling was undertaken to provide samples for metallurgical test work and geological re-interpretation of the mineralisation delineating the deposits. A significant increase in the Measured and Indicated Mineral Resources was generated through the re-interpretation and re-estimation process of the Mineral Resources based on the infill drilling completed during the drilling campaign. This process saw mineralisation previously classified as uneconomic or inferred within the original geological wireframes reclassified in the updated wireframes, as reported in the Company's ASX announcement dated 5 May 2021 Yangibana Project Updated Measured and Indicated Resource Tonnes up 54%, TREO Oxides up 32%. The resultant Mineral Resource upgrading generated a new Ore Reserve of 16.7Mt at 0.95% TREO extending the Yangibana mine life to 15 years. The extension to mine life is underpinned by a maiden Ore Reserve for the Simon's Find deposit along with increases in the Ore Reserves of the closest pits to the site of the proposed processing plant, being Bald Hill, Fraser's Pits and Auer Pits. The Bald Hill pit alone continues to represent around 40% of the total Ore Reserves and is forecast to supply feed to the processing plant for nine of the 15 years of mine life.

Hastings Technology Metals Limited Presents at Diggers and Dealers Mining Forum, Aug-02-2021 02:10 PM

2021-06-30 19:09:00

Hastings Technology Metals Limited Presents at Diggers and Dealers Mining Forum, Aug-02-2021 02:10 PM. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoolie, Western Australia, Australia. Speakers: Andrew Reid, Chief Operating Officer.