
$20m mobilisation and site works at world-class rare earth deposit in WA
Personnel and equipment have been mobilised to one of the most highly valued neodymium and praseodymium concentrate (NdPr) deposits in the world at the Yangibana rare earths project site in the Gascoyne region, WA. As part of a $20m package, Hastings Technology Metals (ASX: HAS) will begin early infrastructure and earthworks activities prior to its scheduled plant construction and mine development this year, with first output anticipated in 2023. With an estimated 16.7mt reserve and a 15-year mine life, the site is expected to produce 3400tpa of the highly valuable NdPr through its hydrometallurgical processing method of cracking, leaching, precipitation and drying. NdPr are vital components in the permanent magnets used every day in high-tech products ranging from electric vehicles…