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Hastings Rare Metals Appoints Rare Earth Expert To The Board

Hastings Rare Metals (ASX: HAS) has appointed Malcolm Mason as a non-executive director, with Mason bringing 45 years' experience in Australian and international exploration and mining.

Mason was the executive technical director of Greenland Minerals and Energy (ASX: GGG) from 2007 to 2010, and had a significant role in further developing Kvanefjeld, the world's largest multi element REO resource by either JORC or Canadian NI 43-101 standards.

This included the review and recognition of the vast potential of the project, the technical evaluation of the project, with a key focus on optimisation of the initial flowsheet and beneficiation of the ore.

Hastings Rare Metals wholly-owns the Hastings project, which is the Largest heavy rare earth project in Australia, fourth largest globally - which has resources of for over 25 years at 1mtpa to produce over 10,000tpa including:

- 140tpa Dysprosium oxide.
- 830tpa Yttrium oxide.
- 590tpa Mixed rare earth oxide.
- 2,630tpa Niobium oxide.
- 6,170tpa Zirconium oxide.

The project benefits from proximity to infrastructure, with the company currently in discussions with strategic partners.

Hastings Rare Metals had over $3 million in cash at the end of March 2013.

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