Hastings Tech Metals Updates DFS for Yangibana Rare Earth Project, Confirms Strong Economics

Published: Jul 15, 2026 09:31

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[SMM Rare Earth Flash] ASX-listed Hastings Technology Metals has released the results of the updated definitive feasibility study (DFS) for Stage 1 of the Yangibana rare earth and niobium project in Western Australia. The project is held by a joint venture, with Wyloo Gascoyne holding a 60% interest and Hastings holding 40%. The updated DFS confirms a pre-tax net present value (NPV) of AUD 649 million, an internal rate of return (IRR) of 34%, and a payback period of 2.4 years. Initial capital investment is AUD 333 million, with a mine life of 19 years and average annual concentrates production of 37,000 mt. The project is based on ore reserves of 20.93 million mt at a total rare earth oxide (TREO) grade of 0.90%. Neodymium-praseodymium (NdPr) accounts for 37% of TREO and is expected to contribute over 90% of project revenue. All environmental approvals have been obtained, and infrastructure and long-lead equipment have already been delivered to site.

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