Highlights:
Development of the
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- DAWE approval follows DevelopmentWA Board sign-off last month for Hastings to enter discussions for an option to lease ANSIA Lot 600.
- Building Yangibana's hydrometallurgical plant at ANSIA is key to Hastings' downstream processing program as it offers access to piped natural gas, plentiful supply of water and grid power.
- ANSIA location reduces by up to 80% the volumes of consumables and reagents needed to be transported to the Yangibana mine site.
- Early-stage civil works at Yangibana mine site have commenced.
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.
Commenting on Commonwealth environmental approval for construction of Yangibana's hydrometallurgical plant,
"This is a significant milestone for our
"Importantly, the Commonwealth approval is another positive step in Hastings' journey to become
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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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