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Hastings sells WA gold assets to Metal Bank for $2.3M, focusing on rare earths and niobium.
Hastings Technology Metals is selling its gold projects in Western Australia to Metal Bank Ltd. for $2.3 million in shares and cash, shifting focus to rare earths and niobium.
The deal includes the Whiteheads, Ark, and Darcy’s projects, with Hastings retaining rare earth rights on Ark’s tenements.
Hastings will drill at the Seven Leaders prospect to build a JORC-compliant resource and pursue a mining lease.
The company’s Yangibana rare earths project, a joint venture with Wyloo Metals, remains on track for 2026 production, targeting 37,000 tonnes of mixed rare earths annually.
Metal Bank, led by former Hastings executive Tim Gilbert, gains a significant gold portfolio, including the 122,500-ounce Livingstone project, and saw its share price rise on strong trading volume.
Hastings vende los activos de oro de WA a Metal Bank por $2.3M, centrándose en las tierras raras y el niobio.