logo
powered-by-canningspurple
Navigation
logo powered-by-canningspurple
  • Insight
  • Companies
    • Artemis Resources
    • BLK Auto
    • BMG Resources
    • ChemX Materials
    • Core Lithium
    • Dreadnought
    • FBR
    • Finbar
    • Focus Minerals
    • Gold Road Resources
    • Hastings Technology Metals
    • Hyzon Motors
    • Jupiter Mines
    • Lykos Metals
    • Mineral Resources
    • Northern Minerals
    • Northern Star
    • NRW Holdings
    • Paydirt
    • Rand Mining
    • Raven SR
    • Rox Resources
    • St George Mining
    • Sundance Resources
    • Tribune Mining
    • Vimy Resources
    • VRX Silica
  • Industries
    • Broking Firm
    • Clean energy
    • Copper
    • Gold
    • Insight
    • Iron ore
    • Lithium
    • Manganese
    • Mining Services
    • Nickel
    • Oil & Gas
    • Property
    • Rare Earths
    • Silica Sand
    • Technology
    • Uranium
    • Zinc
  • Video
  • About
  • Contact
  • Subscribe

Home / Clean energy / Hastings welcomes Federal Government’s commitment to critical minerals

Hastings Technology Metals

  • ASX: HAS
    • Clean energy
    • REE

Hastings welcomes Federal Government’s commitment to critical minerals

  • 5 March


Australia’s next rare earths producer Hastings Technology Metals Limited (ASX: HAS) has welcomed the announcement by the Federal Government today of its Resources Technology and Critical Minerals Processing National Manufacturing Priority road map.


The road map is underpinned by the Federal Government’s commitment to leverage Australia’s world-leading critical minerals and resources sector to create more jobs and economic opportunities for manufacturing businesses with the release of a new 10-year plan. The release of the road map also coincided with the opening today of applications for the Government’s $1.3 billion Modern Manufacturing Initiative (MMI).

As the developer of the Yangibana Rare Earths Project (Yangibana) in Western Australia’s Gascoyne region, Hastings applauds the Government’s approach towards Australia’s world-class rare earths minerals endowment and, in particular, comments from the Minister for Resources, Water and Northern Australia The Hon. Keith Pitt “to bring on new supplies of critical minerals and developing this emerging sector to meet growing global demand”.

Hastings is finalising additional offtake deals and advancing on its debt financing, including with the Northern Australia Infrastructure Facility (NAIF). The Company intends to commence early infrastructure activities at the Yangibana mine site in the June 2021 Quarter.

Yangibana’s proposed production of 15,000 tonnes per annum of a mixed rare earth carbonate (MREC) is an intermediate product that is sought-after by its German customers to form part of the European supply chain. The Yangibana MREC, when separated, is equivalent to 3,400tpa of neodymium and praseodymium (NdPr), representing approximately 7% of the current global volume of NdPr oxides. 
 

Hastings’ Executive Chairman Charles Lew said:

“Australia has a unique natural advantage because of world-class rare earths mineral resources such as the ones at our Yangibana project.

“Hastings’ discussions with our German offtake customers underpin Australia’s position to play a major role in ensuring a high-quality, stable and secure supply of these critical minerals needed to transition to a clean energy environment.

“The Federal Government’s commitment to assisting Australia’s rare earths industry deliver on its potential is therefore most welcome.” 

Hastings is assessing its eligibility to apply for a MMI grant under the Manufacturing Translation Stream and/or Manufacturing Integration Stream, based on Yangibana’s scale, the world-class quality of its mineral resource and the jobs and capital investment potential across regional Western Australia.

In the meantime, Hastings is continuing work on Yangibana’s Mineral Resource update and finalising the selection of a location on the Pilbara coast to host the Yangibana project’s hydrometallurgical process plant. Hastings has set 29 March 2021 as the date for its Extraordinary General Meeting at which shareholders will be asked to approve the second tranche – $43.5 million – of a $100.7 million equity raising (see ASX announcement dated 22 February 2021).
 

View full announcement

Peter Klinger

  • Contact

Share

  • LinkedIn
  • Twitter
  • Facebook

Most Read

  • 1 November

Nickel, cobalt anomalies at Sockovac; large new gold, copper anomalies at Sinjakovo

  • ASX:LYK
    • Ni
    • Cu
  • 28 September

Core Lithium – Primero Group Awarded EPC Contract for Finniss DMS Plant

  • ASX: CXO
    • Li
    • Clean energy
  • Insight
  • 26 June

Picking winners – the portfolio approach that offers blue-sky potential

  • ASX: ARV
    • Clean energy
    • Cu

Related

  • 23 June

Northern Minerals Appointment of Executive Chair and Executive Director

  • ASX: NTU
    • REE
  • 23 June

ChemX has significant Manganese and REE results at Jamieson Tank

  • ASX: CMX
    • Clean energy
    • Technology
  • 23 June

Hastings to acquire 30% Yangibana JV interest from Cadence Minerals

  • ASX: HAS
    • REE
  • 21 June

Core Lithium provides development update for the Finniss lithium project, NT

  • ASX: CXO
    • Li
    • Clean energy

NEWSLETTER

Get news, as it happens

Sign up to receive our weekly roundup, and releases of interest, as they happen.

  • This field is for validation purposes and should be left unchanged.
logo

Investor Insight, powered by Cannings Purple, delivers the stories that matter to the people who matter – across your preferred communications platform.

From breaking news to analysis, opportunities and thought leadership, Investor Insight is your window into some of Australia’s most exciting listed and non-listed companies.

  • Insight
  • Companies
    • Aeris Resources
    • Altrad
    • Argonaut
    • Artemis Resources
    • BLK Auto
    • BMG Resources
    • Buru Energy
    • Catalyst Metals
    • ChemX Materials
    • Core Lithium
    • DDH1 Drilling
    • Dreadnought
    • FBR
    • Finbar
    • Focus Minerals
    • Gold Road Resources
    • Hastings Technology Metals
    • Hyzon Motors
    • Jupiter Mines
    • Lykos Metals
    • Mineral Resources
    • Northern Minerals
    • Northern Star
    • NRW Holdings
    • Paydirt
    • Rand Mining
    • Raven SR
    • Rox Resources
    • St George Mining
    • Sundance Resources
    • Torrens Mining
    • Tribune Mining
    • Vimy Resources
    • VRX Silica
    • Westgold Resources
    • Zenith Minerals
  • Industries
    • Broking Firm
    • Clean energy
    • Copper
    • Gold
    • Insight
    • Iron ore
    • Lithium
    • Manganese
    • Mining Services
    • Nickel
    • Oil & Gas
    • Property
    • Rare Earths
    • Silica Sand
    • Technology
    • Uranium
    • Zinc
  • Video
powered-by-canningspurple
  • About
  • Contact
  • Subscribe
  • Cannings Purple
  • Privacy Policy
  • Disclaimer

Copyright 2022 Cannings Purple