Yangibana's
- Simon's Find drilling results confirm a major 2km long zone of economic mineralisation, significantly expanding the existing resource base.
- The Fraser's-Simon's Find-Bald Hill trend now forms an immense 8km-long corridor of rare earth mineralisation.
- Simon's Find confirmed to contain extremely high quantities of neodymium (Nd2O3) and praseodymium (Pr6O11) and, when combined, total 52% of the TREO (total rare earth oxides) values.
Yangibana's
- Focus on site optimisation designs including relocation of Tailings Storage Facility.
- Good progress with decision on hydrometallurgical plant site location and relevant agreements and approvals processes.
- Strong interest in commercial debt process as part of Yangibana project financing options lead managed by
Corporate
- Appointment of highly experienced mining executive
- Appointment of Mr
- Hastings had
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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:
Chairman
T: +65-6220-9220 /+61-8-6117-6118
Chief Operations Officer
T: +61-487-888-787
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