Hastings also has the Brockman project (41Mt),
NdPr is a critical mineral used to manufacture permanent magnets enabling the decarbonisation of our society through green mobility solutions and renewable energy technologies. Permanent magnets are used in advanced technology products ranging from Electric Vehicles, drones, wind turbines, smartphones, robotic solutions, etc.
Hastings' flagship Yangibana project, in the Gascoyne region of
The company has secured a major offtake contracts with Thyssenkrupp for 60% of its production (in the first 5 years) and a signed a Master Supply Agreement with Schaeffler. In
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About
Neodymium and praseodymium are vital components in the manufacture of permanent magnets which is used in a wide and expanding range of advanced and high-tech products including electric vehicles, wind turbines, robotics, medical applications and others. Hastings aims to become the next significant producer of neodymium and praseodymium outside of
Hastings holds 100% interest in the most significant deposits within the overall project, and 70% interest in additional deposits that will be developed at a later date, all held under Mining Leases. Numerous prospects have been identified warranting detailed exploration to further extend the life of the project.
The Brockman deposit, near
The Company is also progressing a
Hastings aims to capitalise on the strong demand for critical rare earths created by the expanding demand for new technology products.
Contact:
Executive Chairman
+65 6220 9220
Chief Financial Officer
+61 8 6117 8634
Chief Operating Officer
+61 8 6117 8621
For media and investor queries, please contact:
Cannings Purple
+61 411 251 540 pklinger@canningspurple.com.au
Cannings Purple
+61 411 209 459 pkermode@canningspurple.com.au
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