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Yangibana Rare Earths and Niobium Project, WA

Hastings Technology Metals Ltd (HAS) | Updated Definitive Feasibility Study (DFS) for Stage 1 | Released 13 Jul 2026

Mine life
19 years
LOM; mining over first 16 years
Strip ratio
9.9
LOM, t:t; 4.9 in Years 1-5
NPV
A$649M
Pre-tax NPV8, ungeared, real 1Q26
Capex
A$333.4M
Initial; total Stage 1 capital cost

Inferred share: Reserve-based, no Inferred

Figures are as the company states them, in its currency and on its basis. "Not disclosed" means the release doesn't state the figure.

Planning inputs

Reserve-based, no Inferred | Geotechnical design by Snowden and 3rd Rock Consulting | Ore loss 2%, no additional dilution | Owner-operator mining | Mine plan by Resolve Mining Solutions

Also in the release

ROM grade 1.07% TREO (Years 1-16) to a 1.2 Mtpa flotation plant at 85.7% TREO recovery. C1 A$20.75/kg TREO. AISC A$25.57/kg TREO in highlights, A$24.57/kg TREO in the results table. Mining fleet leased, outside capex.

Read the release on the company's siteAdded to the tracker; released before the first issue of The Study Sheet.

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