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Hastings Technology Metals Limited (ASX:HAS)

ALERT: Price-sensitive ASX Announcement for HAS
Current share price for HAS : $0.305 -0.27 (-46.96%)+
Announcement
Release
17 Nov 2025 9:03AM
Price at Release
$0.575
Full Release
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Summary
Hastings Technology Metals Limited has reported high-grade gold mineralization from recent drilling activities at the Seven Leaders prospect within the Whiteheads Gold Project in Western Australia. This drilling program, which consisted of 32 reverse circulation holes, marked the first exploration since 2019 and confirmed substantial mineralization over more than 250 meters of strike. Metal Bank Limited (MBK) is in the process of acquiring the Whiteheads Gold Project from Hastings, contingent upon shareholder approval. The drilling results are expected to support a maiden JORC 2012 Mineral Resource Estimate to be announced in December 2025. MBK, aspiring to transition from a junior exploration company to a mid-tier mining company, sees this acquisition as part of its broader transformation strategy.
Key Points
  • Hastings announced high-grade gold findings at Seven Leaders prospect.
  • Drilling program confirmed over 250 meters of mineralization.
  • First drilling at the site since 2019.
  • MBK is acquiring the Whiteheads Gold Project from Hastings.
  • Maiden JORC Mineral Resource Estimate expected in December 2025.
  • Hastings' drilling supports geological modeling and future resource work.
  • MBK aims to transform into a mid-tier mining company.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.