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Hastings Technology Metals Limited (ASX:HAS)

ALERT: Price-sensitive ASX Announcement for HAS
Current share price for HAS : $0.285 -0.185 (-39.36%)+
Announcement
Release
22 Apr 2026 12:01PM
Price at Release
$0.470
Full Release
download
Summary
Hastings Technology Metals Limited has announced the development of a Hydromet Plant in Thailand, designed to produce Mixed Rare Earth Chloride (MREC) flakes using a secured feedstock of African Monazite Concentrate. The plant, located in the Eastern Economic Corridor, employs a seven-stage process including caustic cracking and acid dissolution to achieve a high-purity product preferred in global oxide separation markets. Phase 1 targets 6,000 tonnes per annum (tpa) MREC production with plans to expand to 12,000 tpa. Hastings holds a 49% interest in the plant, and aims to leverage this facility to enhance its Yangibana project, which involves shipping concentrate to Thailand for processing, thus securing a market route for its high-grade NdPr deposits. The initiative is expected to bring significant cost advantages due to Thailand's reduced input costs and skilled workforce.
Key Points
  • Hastings Technology Metals Limited announces Hydromet Plant in Thailand.
  • The plant will produce Mixed Rare Earth Chloride (MREC) using African Monazite Concentrate.
  • A seven-stage process including caustic cracking is employed.
  • Phase 1 aims for 6,000 tpa MREC production, expanding to 12,000 tpa.
  • Hastings holds a 49% interest in the plant.
  • The plant will support the Yangibana project by processing shipped concentrate.
  • Significant cost advantages due to Thailand's lower input costs.
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.