Rare Earth Mining Project
Construction
2027
PFS confirmed robust project economics for a 1 Mtpa operation in the Gascoyne region of WA.
DFS completed, supporting a final investment decision and project financing.
Board approved construction; NAIF loan facility secured for A$140M.
Major earthworks and infrastructure construction began at the WA Gascoyne site.
Hastings acquired a hydrometallurgical processing plant in Thailand (31 Mar 2026) enabling a near-term processing revenue stream ahead of Yangibana completion.
Agreement signed (April 2026) to supply third-party monazite to the Thailand plant, validating the processing revenue strategy.
First ore mined from Yangibana open-pit operations and first mixed rare earth carbonate production.
Mine construction ongoing in WA Gascoyne region. Strategic pivot announced Q1 2026: Hastings acquired a hydrometallurgical processing plant in Thailand (31 Mar 2026) and secured third-party monazite feedstock for it (14 Apr 2026), signalling a near-term processing revenue strategy running in parallel with or ahead of Yangibana mine completion.
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