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Hastings Technology Metals Ltd (ASX:HAS) Western Australia EPA Grants Key Environmental Permits

01/16/2022 | 05:22pm EST

Perth, Australia, Jan 17, 2022 - (ABN Newswire) - Australia's next rare earths producer Hastings Technology Metals Ltd (ASX:HAS) (HAM:5AM) is pleased to announce that it has fulfilled a key requirement of the already received Ministerial Statement 1110 (ASX Significant milestone achieved, environmental approval to mine and process rare earths at the Yangibana Project 20 August 2019) which was to prepare and submit a Flora and Vegetation Environmental Management Plan to the satisfaction of the WA EPA CEO.

As a result, Hastings has received two key approvals to enable the continuation of early works infrastructure site activities. Permits include.

- Approval from the Department of Water and Environmental Regulation of its Flora and Vegetation Environmental Management Plan, and

- Approval from the Department of Mines, Industry Regulation and Safety for a revised Mining Proposal.

The Flora and Vegetation Environmental Management Plan sets out the environmental objectives to be achieved and specifies management actions that will be implemented to achieve compliance. Hastings has prepared management targets and monitoring programs to measure the effectiveness of the management actions. The management plan has been informed by best practice and recent experience on similar mining projects in Western Australia.

The Mining Proposal details the proposed activities on site and environmental management measures to ensure Hastings meets its tenement obligations under the Mining Act.


<b>About Hastings Technology Metals Ltd:</b>

Hastings Technology Metals Ltd (ASX:HAS) is advancing its Yangibana Rare Earths Project in the Upper Gascoyne Region of Western Australia towards production. The proposed beneficiation and hydro metallurgy processing plant will treat rare earths deposits, predominantly monazite, hosting high neodymium and praseodymium contents to produce a mixed rare earths carbonate that will be further refined into individual rare earth oxides at processing plants overseas.

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 China.

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.

Brockman Project

The Brockman deposit, near Halls Creek in Western Australia, contains JORC Indicated and Inferred Mineral Resources, estimated using the guidelines of JORC Code (2012 Edition).

The Company is also progressing a Mining Lease application over the Brockman Rare Earths and Rare Metals Project.

Hastings aims to capitalise on the strong demand for critical rare earths created by the expanding demand for new technology products.

<b>Contact:</b>

Charles Lew
Executive Chairman
+65 6220 9220

Matthew Allen
Chief Financial Officer
+61 8 6117 8634

Andrew Reid
Chief Operating Officer
+61 8 6117 8621

For media and investor queries, please contact:

Peter Klinger
Cannings Purple
+61 411 251 540 pklinger@canningspurple.com.au

Peter Kermode
Cannings Purple
+61 411 209 459 pkermode@canningspurple.com.au

Copyright (C) 2022 ABN Newswire. All rights reserved., source Press Releases English

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