Hastings Rare Metals will benefit from two major technical breakthroughs achieved by ANSTO Minerals with the completion of Phase 2 of the development program for the extraction of target minerals.
Please read below an extract from ASX Announcement released by Hastings Rare Metals on 20 November 2012.
Hastings Rare Metals (ASX: HAS) will benefit from two major technical breakthroughs achieved by ANSTO (Australian Nuclear Science and Technology Organisation) with the completion of Phase 2 of the development program for the extraction of target minerals.
ANSTO separated Zircon (Zr), Niobium (Nb) and Hafnium (Hf) from the bake-leach liquor with effective rejection of the major impurities.
ANSTO separated Yttrium (Y) and Rare Earth Elements (REE) with effective rejection of the major impurities.
ANSTO has now successfully built upon the validation and verification of the previous sulphation and water leaching works announced to the market last month.
Alastair Metcalf, CEO for Hastings, commented: “Producing separate streams each containing valuable constituents is an achievement that can sometimes take years to attain.
"Having these streams ready for customer product tailoring is a very strong position for Hastings. Our current discussions with strategic partners can now be bolstered with the support of these very significant technical achievements.
"I would like to extend my personal thanks to ANSTO for the results of the R&D efforts so far. Further success in tailoring our products to meet customer requirements is expected."
Read more via Proactive Investors Australia.
Published: 20/11/2012