22 November 2017

Hastings Technology Metals Limited ABN 43 122 911 399

ASX Code: Shares - HAS

Address:

Suite 506, Level 5, 50 Clarence Street

Sydney NSW 2000

PO Box Q128 Queen Victoria Building NSW 1220 Australia

Telephone: +61 2 9078 7674

Facsimile: +61 2 9078 7661 info@hastingstechmetals.com

Board

Charles Lew (Executive Chairman) Anthony Ho (Non-Exec Director)

Jean Claude Steinmetz (Non-Exec Director)

Aris Stamoulis (Executive Director)

Guy Robertson (Finance Director

and Company Secretary)

FINAL 2017 JORC RESOURCE UPDATE INCLUDING AUER, AUER NORTH RESULTS HIGHLIGHTS
  • Successful infill drilling at Auer and Auer North deposits

  • Updated JORC Resources of 21.0 million tonnes at 1.17% TREO including0.40%Nd2O3+Pr6O11

  • New JORC Resources include first Indicated Resources at Auer of over 260,000 tonnes
  • New JORC Resources include expanded Indicated Resources at Auer North of over 300,000 tonnes
  • Final assay results from diamond drilling at various deposits in line with expectations
  • Diamond drillhole at Simon's Find returns high grade 5.45m at 5.30%Niobium Nb2O5
INTRODUCTION

Hastings Technology Metals Limited (ASX:HAS) advises that the final JORC Resource Estimate for 2017 has been completed establishing total resources of 21.0 million tonnes at 1.17% Total Rare Earths Oxides (TREO) including 0.4% neodymium oxide plus praseodymiumoxide (Nd2O3+Pr6O11).These figures include the first Indicated Resources at Auer and expanded Indicated Resources at Auer North from the final drilling results of the 2017 drilling programme.

FINAL 2017 JORC RESOURCE ESTIMATE

Following the completion of the 2017 exploration drilling programme at the Yangibana Project, an updated JORC Resource estimate has been assessed by independent consultants Widenbar and Associates Pty Limited that provides a marginal increase to the resources reported in the ASX release dated 12th October 2017. The updated resource estimate incorporates results from recent drilling at the Auer and Auer North deposits as detailed below.

Total Resources now stand at 21.0mt as shown in Table 1. Note that resource tonnes in the following tables are rounded to the nearest 100,000 tonnes.

Table 1 - Yangibana Project, November 2017 JORC Resources

These resources include those within tenements held 100% by Hastings (Table 2) and those held in joint venture with Hastings holding 70% interest (Table 3).

Table 2 - Yangibana Project, November 2017 JORC Resources in tenements 100% held by Hastings Table 3 - Yangibana Project, November 2017 JORC Resources in tenements 70% held by Hastings AUER AND AUER NORTH RESOURCES

Recent reverse circulation (RC) infill and depth-extension drilling at the Auer and Auer North deposits was concentrated on Zones 2 and 3 at Auer (Figure 1) and at Zone 1 at Auer North (Figure 2).

Figure 1 - Yangibana Project - Auer drillhole locations

Figure 2 - Auer North drillhole locations

Best intersections returned from this programme are shown in Table 4. Due to the steep nature of the mineralisation at Auer and Auer North, true thicknesses are approximately 50% of intersected thicknesses.

Hole Number

From

To

Interval

Nd2O3+Pr6O11

TREO

m

m

m

%

%

Auer (AURC)

63

6

12

6

0.52

1.73

66

157

162

5

0.75

2.36

72

12

16

4

0.87

2.35

79

9

18

9

0.66

1.63

80

64

71

7

0.66

1.68

Auer North (ANRC)

62

17

24

7

0.76

1.93

66

42

51

9

0.60

1.73

67

30

37

7

0.79

1.80

68

62

73

11

0.51

1.25

72

96

100

4

0.41

1.55

Table 4 - Yangibana Project, Recent Auer and Auer North RC Drilling Results

Drillhole parameters are provided in Appendix 1 and detailed assays for the selected intervals are provided in Appendix 2.

Incorporating these results, independent consultant Widenbar and Associates Pty Limited has estimated JORC Resources at Auer and Auer North as shown in Tables 5 and 6 respectively, rounded to the nearest 100 tonnes.

Category

Tonnes

Nd2O3+Pr6O11

TREO

%

%

Indicated

261,400

0.42

1.17

Inferred

957,500

0.39

1.08

TOTAL

1,218,900

0.39

1.10

Table 5 - Yangibana Project, New JORC Resource Estimate, Auer Deposit

Category

Tonnes

Nd2O3+Pr6O11

TREO

%

%

Indicated

301,400

0.45

1.24

Inferred

460,200

0.30

0.96

TOTAL

761,600

0.36

1.07

Table 6 - Yangibana Project, New JORC Resource Estimate, Auer North Deposit

Figure 3 provides a longitudinal section covering both Auer and Auer North deposits showing the m%Nd2O3+Pr6O11 accumulations.

Figure 3 - Yangibana Project - Auer and Auer North m%Nd2O3+Pr6O11 accumulations

The grade and mineralisation-style are compatible with the proposed processing route and these new Indicated Resources will extend the life of the Yangibana operation. Additional drilling is required to further expand and upgrade resources at both deposits.

Hastings Technology Metals Limited published this content on 22 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 November 2017 05:29:10 UTC.

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