The construction of a rare earth processing plant in Hastings will provide neodymium and praseodymium for the permanent magnet industry

SMM:, Hastings Technology Metals Ltd (HAS.AX, May 2, 2018 (Hastings Technologies Metals Co., Ltd.) provided the company's latest investor presentation, which shows that the company's market value has grown steadily since January 2014, At A $220 million, the company has about 1200 shareholders, up 55 per cent from 2017, of which the top 10 shareholders own about 70 per cent. On the capital side, the company has raised A $59 million since 2014, with A $25 million in cash after the equity issue, while the company has no debt.

Hastings will provide the permanent magnet industry with neodymium in the future. at present, the total amount of measured, indicated and inferred resources is 21 million tons, the total reserves of possible grade ore is 5.15 million tons, and will increase by 2.5 million tons by the end of 2018.

It has been detected that in TREO (total rare earth oxides), the proportion of neodymium praseodymium ranges from about 34 per cent (0.40 per cent ≤ 1.18 per cent) to 57 per cent of (Simon's Find deposits, of which most of the resources are located on the ground wholly owned by Hastings. A small portion is on the ground in joint ventures in which it owns 70 per cent of the shares.