Hastings Technology Metals Limited (ASX: HAS)

Hastings Technology Metals Limited is an Australia-based rare earths company focused on the development of its 100% owned Yangibana Rare Earths Project.

The Company’s flagship Yangibana Project, located 250 kilometers (km) north-east of Carnarvon in Western Australia‚Äôs Gascoyne region, covers a total area of approximately 650 square kilometers and is underpinned by one of the world’s most highly valued deposits of neodymium and praseodymium (NdPr), with an average life of mine NdPr to Total Rare Earth Oxides ratio of 37% and up to 52% in some areas of the orebody. Its projects also include Brockman and Ark Gold.

Ark Gold project has two Exploration Licenses which are located approximately 15 km southeast of the Yangibana Project and cover an area of 85 square kilometers. Brockman project is located in East Kimberley region of Western Australia. It holds a 21.15% shareholding in Neo Performance Materials, which is a global rare earth processing and advanced permanent magnets producer.

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REVENUE IN AUD (TTM)

7.82m

NET INCOME IN AUD

-14.56m

Year on year Hastings Technology Metals Ltd had net income fall 12.13% from a loss of 9.44m to a larger loss of 10.58m despite a 2,079.87% increase in revenues from 328.91k to 7.17m.