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Hastings Technology Metals Limited ( (AU:HAS) ) has provided an update.
Hastings Technology Metals Ltd is set to begin its first on-ground activity with a Reverse Circulation drilling program at the Seven Leaders prospect within the Whiteheads Gold Project. This initiative follows a non-binding agreement with Metal Bank Ltd for the divestment of Hastings’ Western Australian gold assets. The drilling program, which includes a 1,500m RC drill and a geotechnical diamond core hole, is a critical step towards defining a maiden JORC Mineral Resource Estimate. The successful execution of this program will help Hastings crystallize value from its non-core assets while maintaining exposure to future success through a proposed shareholding in Metal Bank Ltd. The company plans to commence mining at Seven Leaders in late 2026, contributing to its strategy of generating early cash flow and enhancing its position as a sustainable gold producer.
The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.28 price target. To see the full list of analyst forecasts on Hastings Technology Metals Limited stock, see the AU:HAS Stock Forecast page.
More about Hastings Technology Metals Limited
Hastings Technology Metals Ltd is a company operating in the mining industry, primarily focusing on the development and production of rare earth elements and other mineral resources. The company is involved in projects that aim to advance its non-core gold assets, particularly through strategic agreements and partnerships.
Average Trading Volume: 240,207
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$62.26M
For a thorough assessment of HAS stock, go to TipRanks’ Stock Analysis page.