Hastings Gets Preliminary Green Light for Rare Earths Project

Hastings Gets Preliminary Green Light for Rare Earths Project

The ambitious project proposal put forward by Hastings includes five open mine pits, on-site processing of ore and tailings storage facilities.

Australian critical metals explorer Hastings Technology Metals (ASX:HAS) has received a nod from the Western Australian Environmental Protection Authority (EPA) for its rare earths project.

The Yangibana rare earths site in Western Australia has been recommended for final approval by the environmental oversight agency following the public release of an environmental assessment report.

In the report, the EPA examines the potential impacts Yangibana could have on nearby waterways and residents, as well as vegetation and animal habitats, deeming them unlikely to be significant.

“The EPA's environmental assessment for this rare earth proposal considered impacts on flora and vegetation, stygofauna (subterranean fauna living in the groundwater), local water systems and human health and also considered if these impacts were manageable," wrote EPA Chair Tom Hatton.

The ambitious project proposal put forward by Hastings includes five open mine pits, on-site processing of ore and tailings storage facilities.

Infrastructure will also be needed at the remote location. Access and haul roads, on-site accommodations, administration buildings and an airstrip are all included in the plan.

The EPA report hasn't given Hastings a carte blanche, however, recommending several conditions such as further surveys of flora and vegetation, additional modeling of groundwater around small sensitive calcrete areas and protecting the limited calcrete areas from clearing and mining.

“This is a very exciting next step in the project's history and takes us one step further to realizing our construction and production dream," Charles Lew, Hastings executive chairman, commented.

Once all the permits are in place, Hastings plans to utilize a hydrometallurgy processing plant to treat the rare earths deposits, which host a high neodymium and praseodymium resource.

The rare earth carbonate produced at the plant will then be refined into individual rare earth oxides at processing plants overseas before being sold to end users.

Rare earths have been a popular topic of late as the China-US trade dispute has grown to include the technology metals. China's dominance in the sector has been an ongoing concern since 2010, and has sparked several exploration initiatives around the world.

Shares of Hastings Technology Metals sat flat on Thursday (June 27), trading at AU$0.15.

Don't forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

Petratherm Limited Announces Filing of Early Warning Report Related to the Disposition of Common Shares of Outback Goldfields Corp.

Petratherm Limited (ASX: PTR) (“Petratherm”) announces that it has filed an early warning report (the “Report”) announcing that it has disposed of 33,333,333 common shares (the “Disposed Shares”) of Outback Goldfields Corp. (CSE:OZ) (formerly, Skarb Exploration Corp.) (“Outback Goldfields“). Petratherm acquired the Disposed Shares as consideration for the sale of its gold projects located in Victoria, Australia. Unless permitted under securities legislation, Petratherm must not trade the common shares before April 16, 2021. Following the expiry of this restriction period, Petratherm distributed all of the Disposed Shares in specie to its shareholders effective today. Following the disposition of the Disposed Shares, Petratherm holds nil shares of Outback Goldfields.

This press release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bids and Insider Reporting Issues in connection with the filing of the Report by Petratherm.

Keep reading... Show less

AU$4 Billion Galaxy/Orocobre Merger to Create Top 5 Lithium Company

Australia’s Orocobre (TSX:ORL,ASX:ORE) and Galaxy Resources (ASX:GXY,OTC Pink:GALXF) agreed this week to join forces in a AU$4 billion “merger of equals.” The deal comes as demand for lithium for electric vehicle (EV) batteries continues to pick up pace.

Once the merger is complete, the new company will become a top five lithium chemicals company globally — and top three outside of China — with production capacity of around 40,000 tonnes of lithium carbonate equivalent per year.

“The merged entity’s growth opportunities in both brine and hard rock position it uniquely to take advantage of expected rising EV demand for lithium,” Galaxy Chairman Martin Rowley said.

Keep reading... Show less

IIROC Trading Halt – TMRR

The following issues have been halted by IIROC:

Company: Tempus Resources Ltd.

Keep reading... Show less

Cleantech Investing in Australia

Climate change is a looming issue for Australians, with 82 percent concerned about bushfires and 81 percent worried that drought or flooding will affect crop production and food supply.

This is where conscious investors look to the cleantech sector, which covers everything from renewable energy to low-emission technologies to water technology to battery storage and more.

What should investors know about cleantech in Australia before they jump in? Read on for a look at key factors, including market size, the industries encompassed by cleantech and big players to watch.

Keep reading... Show less

Galaxy Resources Limited Announcement

Galaxy Resources Limited (ASX: GXY) ( Company ) advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company’s platform (ASX):

  • Becoming a substantial holder

The announcement can be viewed at:

Keep reading... Show less

Top News

Related News