Fortbridge Media ReleaseResource Capital Research [RCR] - Hastings Rare Metals research reportResource Capital Research has released a research report on Hastings Rare Metals Limited (ASX: HAS), a Perth-based company focused on rapidly expanding REE resources and developing two projects in Western Australia, which have historical intersection of rare earth elements. Its flagship project, the Hastings REE Project, was acquired in Mar 11 for $6.5m ($1.5m cash and 16.75m shares and 7.5m 25c options).
Hastings September 2011 resource upgrade increased tonnage by 64% to 36.2mt REE; grade by >12% for zirconium (0.89%) and niobium (0.35%); confidence (74% indicated); and analysed for the full suite of REOs (with TREO @ 0.21%, HREO @ 0.18%). Metallurgical tests are underway by Ammtec with initial results due Oct 11.
Details are available in the report, here:
For further information, please contact:
John Wilson, Analyst, (+61 2) 9252 9405