The price for Andrew and Nicola Forrest to build leaky weirs on a river dissecting Minderoo Station has been revealed as questions about broader industry benefits swirl.
Andrew Forrest's private mining vehicle is now the operator of a half-built rare earths project, having cemented its controlling stake in the deal with Hastings Technology Metals.
Former WA state MP Vince Catania has taken the chief executive role at Hastings Technology Metals. Mr Catania joined Hastings in 2023 as general manager of corporate.
Former politician Vince Catania has taken the reins of rare earths hopeful Hasting Technology Metals, now partnered with Andrew Forrest's private mining vehicle.
The Forrest's mining arm Wyloo has cemented its majority stake in the Yangibana rare earths project, a transaction which clears the debt owed by Hasting Technology Metals.
Wyloo plans take a majority stake in the Yangibana rare earths project, in a move which would cancel out millions owed to it by Hastings Technology Metals.
Hastings Technology Metals has inked an early-stage deal to assess potentially building a rare earths downstream plant in Saudi Arabia, while maintaining its still looking at its WA option.
Hastings Technology Metals has alleviated the concerns of Andrew Forrest's Wyloo Metals, after the latter filed a default notice against the rare earths developer last week citing solvency fears.
Andrew and Nicola Forrest's private investment vehicle Wyloo has sounded the alarm over Hastings Technology Metals' solvency and ability to repay its multi-million-dollar loan.
Reach Resources says geophysics, geochemistry and rock microscopy have confirmed a 4.5-square-kilometre oval body as an alkaline intrusive and the likely source of big rare earths-niobium hits at its Wabli Creek project in Western Australia's Gascoyne region. Wabli Creek is one of two exploration licences held by Reach in the highly-prospective Yinnetharra area that is well-known for its often unusual, but critical mineral assemblages.
Rare earths aspirant Hastings Technology Metals is considering Saudi Arabia as a potential site to process materials from it Yangibana project in the Gascoyne.
Rare earths aspirant Hastings Technology Metals has attracted a $7 million investment from Hong Kong producer JL Mag Rare-Earth Co to advance its flagship project.
Incoming Lindian Resources chief executive officer Alwyn Vorster has vowed to bring the company's massive flagship Kangankunde rare earths project in Malawi into construction and operation “as soon as possible”. The experienced rare earths executive, who has a track-record of managing projects through all stages of development, is expected to take up his new post as of this Saturday.
Hastings Technology Metals has undergone a restructuring to manage costs, announcing its chief executive Paul Brown will leave the company at the end of this month.
Shares in Hastings Technology rose to a high of 72 cents on Friday, after the rare earths developer announced it had signed a binding term sheet with China-based Baotou Sky Rock Rare Earth New Material, which included integrated tolling and offtake agreements.
Western Australian rare earths developer Hastings Technology Metals is looking abroad to eastern Europe to process ore from its mine under construction in the Gascoyne.
Early boots on ground at Reach Resources' White Castle manganese project in WA's Gascoyne region have been handsomely rewarded with high-grade manganese readings up to an eye-catching peak of 48 per cent. The company has amassed an impressive foothold in the emerging critical metals province after acquiring an additional exploration licence from Firebird Metals and extending its tenure to 70km at the prospective Edmund Basin.
Reach Resources has entered into a tenement sale agreement to acquire a new exploration licence from Firebird Metals, extending its grip on prospective manganese terrain in Western Australia's Edmund Basin. The strategy is in line with the company's anticipation of increasing global demand for critical lithium, manganese and rare earths in the ongoing global phase of decarbonisation and attendant electrification.
Our board moves wrap includes Darryl Clark, David Flanagan, Andrew Stewart, Jeff Dowling, Richard Willson, Nerida Schmidt, Peter Batten, Paul Brown, Stephen Hall, Park Wei, Kelly Ross, John Percival, Brett Lambert, Mark Zeptner, Tim Manners, Alan Thom, Richard Jones, and Deborah Ho.
Rare earths hopeful Hastings Technology Metals has secured a potential offtake agreement with a Canadian magnet manufacturer for its Yangbiana project in the Gascoyne.
The cost to build Hastings Technology Metals' Yangibana rare earths project has blown out by 44 per cent to $948 million, with the aspiring miner now opting to stage its development to reduce costs.
WA's Gascoyne region is emerging as one of the State's newest lithium hotspots with local exploration heavyweights snapping up prime locations in the hunt for valuable EV mineralisation. Delta Lithium hit the headlines last year with its Yinnetharra project and more recently, Minerals 260 crashed the party by grabbing 1700sq km of tenements near Delta's northern lithium project.
The pipeline of big resources projects in WA increasingly features complex processing plants, despite a spate of large cost blowouts on projects currently under way.
Hastings Technology Metals has adopted a new construction strategy after dumping DRA Global in favour of GR Engineering for works at the Yangibana rare earths project.
First-pass shallow RC drilling at Venus Metals' Youanmi lithium project in Western Australia's Murchison region has unearthed pegmatite-hosted LCT mineralisation that the company says remains open at depth and along strike. Lepidolite-bearing pegmatite with up to 2m at 0.33 per cent lithium oxide from 9m was intersected in one hole at the Beryl prospect and Venus has flagged more follow-up drilling.
Airborne magnetic and radiometric surveying at Venus Metals' Mangaroon North rare earths project in WA's Gascoyne region has identified high-priority rare earths carbonatite rock targets along a crustal structure. Eight ironstone-hosted rare earths targets, considered similar to Hastings' Yangibana and Dreadnought's Mangaroon-Yin projects, were identified over a 10km strike by the survey.
Our weekly appointments wrap includes David Edwards, Laura Benger, Simon Taylor, Nathan Charles, Mark Davies, Teck Lim, Dirk Adams, Josh Robertson, Ben Bradstreet, Chris Wyhoon, Nicole Batten and Debbie Gillam.
Hastings Technology Metals has secured a letter of support for up to $100 million in government funding to develop its proposed Yangibana rare earths project.
Australian-listed explorers raised a bolstered $3.02 billion during the December quarter after lithium and gold topped the charts for the most funds secured.
As criticism of the government's energy market intervention settles, Madeleine King is focused on pushing Australian resources to the fore of the global energy transition.
The Northern Australia Infrastructure Facility has supported its first gold project while also agreeing to increase its concessional loan to a rare earths project in WA.
