Hastings sells gold assets to focus on WA rare earths projects
East Goldfields based Whiteheads project is prepared for rapid progress. Hastings advances the drilling in seven leaders and blue polar deposits and aims to predict a hymen Jorc -compatible resource until the end of 2025.
Hastings has a heritage research with traditional owners of Kakarra and a reverse circulatory drilling program in late September and plans to watch the project quickly towards production. Probably, it can handle ores in one of the nearby third -party processing facilities, such as Northern Star, 40 km south, such as Kanownna Belle mine.
The Darcy project adjacent to the Hastings’s Arc Project 15 km southeast of Yangibana and the Hastings’s Brockman Project adds upwards, but the earlier stages expectations.
The Yangibana project, which is now a joint venture with Wyloo metals, is fully allowed and aims for the first production in 2026 and starts with 37,000 tons of mixed rare land concentrate each year.
Charles Lew, Chairman of the Hastings Technology Metals Executive Committee: “This is a strategic step for Hastings. Our primary focus point is to bring our Yangibana Nadir Earths project to construction and production, which is now in partnership with Wyloo, to construction and production, and to reward our shareholders to MBK.”
The company’s disposal of its golden properties is compatible with its strategy to Yangibana, a large world class neodymium and Praseodymium deposit in the Gascoyne region of Carnarvon, about 250 km northeast of Carnarvon.
With a 17-year-old mineral life in the 52 percent head area, it will be a key supplier for electric vehicles and renewable energy technologies, with a 17-year mine life and neodymium and prasododium-topl rare soil oxide ratio.
Today’s process reshapes the leadership of metal banks. Hastings’s business officer Tim Gilbert – a mining engineer with more than 40 years of experience, including high -level roles in Gold Fields Australia, will be the general manager of young Goldie after the completion of the agreement.
Charles Lew, the executive chairman of Hastings, will participate in Metal Bank’s board of directors as a non -executive director and will strengthen his confidence in plans to produce Whiteheads and Livingstone projects quickly using the nearby processing infrastructure.
During a six -month excluse, the agreement, which is subject to the approval of metal bank shareholders and binding agreements, includes a postponed payment of $ 800,000 connected to Whiteheads’ welding milestones.
Hastings will continue to develop white heads during the detection of the status and will provide acceleration for a mining rental application.
Metal Bank’s 122,500 ounce Livingstone Gold project completes its new acquisitions and its extensive work determines a basis of pushing for nearby production of gold.
Hastings sharpens the focus of Yangibana on the huge rare land potential while leaving her golden assets into the talented hands of Metal Bank. And with a new leadership, Hastings shareholders, which guide the partner’s gold strategy, increase to Yangibana 2026 and continue to earn both critical minerals and the top of the gold.
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