HASTINGS TECHNOLOGY METALS LTD — Capital/Financing Update 2014

Jun 16, 2014

ASX Announcement 17 June 2014

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Hastings Rare Metals Limited ABN 43 122 911 399

ASX Code: HAS

Level 9, 50 Margaret Street Sydney NSW 2000 PO Box R933 Royal Exchange NSW 1225 Australia

DRILLING COMPLETED AT YANGIBANA AND TO COMMENCE AT HASTINGS

Highlights:

• 44 Reverse Circulation holes completed at Yangibana North prospect

• Results from first five holes are in line with expectations

Telephone: +61 2 9078 7674 Facsimile: +61 2 9078 7661 admin@hastingsraremetals.com

Board and Management Charles Lew (Chairman) Anthony Ho (Non Exec Director) Malcolm Mason (Non Exec Director) Simon Wallace (Non Exec Director)

• Rock chip sampling undertaken at other targets within Yangibana tenements

• Encouraging results from recently acquired Bald Hill prospect

• Hastings’ interest in the Yangibana joint venture has increased to 70% by the acquisition of a further 10% for $150,000

• Site Clearance completed at Hastings selected targets

www.hastingsraremetals.com

Media & Investor Relations Fortbridge +612 9003 0477

Bill Kemmery +61 400 122 449 Marina Trusa +61 404 330 634

• Drilling to commence at Hastings Project before the end of this quarter

YANGIBANA PROJECT

The Company has completed the first phase of its drilling at the Yangibana North prospect with 44 reverse circulation (RC) holes drilled for a total of 1836m. The collar locations of these holes are shown in Figure 1, and details are provided in Appendix 1.

A total of 580 samples have been despatched to Genalysis in Perth for analysis of rare earths and rare metals. Holes consistently intersected 3-5m of the target ironstone/quartz unit (Figure 2). The ironstone/quartz unit is surrounded by a variable width of fenitic-altered granite. Work carried out by the Geological Survey of Western Australia has shown that this fenitic zone hosts rare earths and rare metal values of potential interest.

To date assay results have been received from the first five holes. At a 5000ppm TREO cut-off these holes returned intersections as shown in Table 1, rounded to the nearest 10ppm.

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ASX Announcement 17 June 2014

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Figure 1: Yangibana North Prospect. RC holes completed May 2014 (YGRC001-YGRC0045)

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Figure 2 – Yangibana North Prospect. Typical cross section based on RC drilling May 2014

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ASX Announcement 17 June 2014

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Hole No (YGRC)	From (m)	To (m)	Interval (m)	ppm TREO	ppm Nd2O3
21	0	5	5	7200	1620
22	18	21	3	14240	2720
23	26	30	4	16910	3290
24	35	41	6	17690	3670
16	0	2	2	13040	2430
and	4	6	2	13130	2700

Table 1 – Best intersections achieved in RC drilling at Yangibana North prospect, May 2014

Complete assays results to date are provided in Appendix 2.

Rock chip sampling was carried out at a number of regional targets and a total of 70 samples were sent to Genalysis for analysis. Targets tested include a number of carbonatite sills and ironstone lenses that have not been sampled previously including the Bald Hill ironstone that lies within tenements recently acquired by the Company.

Assay results from 20 samples collected from various carbonatite sills from the southwestern corner of E09/1700 showed little encouragement, with a maximum of 4350ppm TREO. These results are similar to those achieved in limited previous sampling carried out by the Company and further analysis is required to determine whether more work is warranted on these sills.

Samples from 10 regional ironstone exposures, mostly within E09/1700, were variable, with three samples exceeding 5000ppm TREO with a maximum of 12020ppm TREO. Follow up sampling will be undertaken in the future to determine the significance of these ironstone exposures.

Six samples taken of fenitic-altered material adjacent to ironstone lenses returned a maximum of 1790ppm TREO. More information will be derived from the recent drilling programme that will allow a better interpretation of the potential of these fenitic haloes to provide economically-viable mineralisation peripheral to the main target ironstone lenses.

At Bald Hill 19 of 28 samples, mostly within the recently acquired E09/2007, returned greater than 5000ppm TREO to a maximum of 60550ppm TREO including 27120ppm Neodymium (Nd2O3). Six samples also returned assays exceeding 5000ppm Niobium (Nb2O5) with a maximum of 66010ppm Nb2O5. The distribution of the TREO grades is shown in Figure 3. These results are very encouraging and Bald Hill will be considered for further exploration in the near future.

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ASX Announcement 17 June 2014

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Figure 3 – Bald Hill Ironstone prospect, Rock Chip Samples, TREO values, May 2014

Complete assay results and sample locations are provided in Appendix 3.

Acquisition of 10% Interest in Yangibana

Hastings’ has acquired a further 10% interest in the Yangibana project (tenements E09/1043, E09/1049, ELA09/1703, ELA09/1704, ELA09/1705 and ELA09/1706) from Artemis Resources Limited for $150,000.

This acquisition takes Hastings’ interest in the tenements above to 70%.

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ASX Announcement 17 June 2014

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HASTINGS PROJECT

Following a successful Native Title Site Clearance over the Levon and Haig prospects, the Company will commence drilling at its Hastings Project before the end of the June quarter. Drilling will commence at the Southern Extension prospect to the south of the current JORC resources of the Niobium Tuff deposit. Six holes are planned at this target followed by drilling at Levon and Haig. This programme is not designed to delineate additional JORC resources, but will provide samples for metallurgical test work and information regarding the structure at each site.

*TREO is the sum of the oxides of the heavy rare earth elements (HREO) and the light rare earth elements (LREO).

HREO is the sum of the oxides of the heavy rare earth elements europium (Eu), gadolinium (Gd), terbium (Tb), dysprosium (Dy), holmium (Ho), erbium (Er), thulium (Tm), ytterbium (Yb), lutetium (Lu), and yttrium (Y)

LREO is the sum of the oxides of the light rare earth elements lanthanum (La), cerium (Ce), praseodymium (Pr), neodymium (Nd), and samarium (Sm).

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ASX Announcement 17 June 2014

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Appendix 1 – Yangibana North RC Drilling, Collar Data, May 2014

Hole No	Line	East MGA94	North MGA94	RL	Dip	MagAzimuth	Depth
YGRC001	Line 1	417327	7362379	348	-60	20	12
YGRC002	Line 1	417307	7362329	353	-60	20	24
YGRC003	Line 1	417288	7362277	356	-60	20	42
YGRC004	Line 1	417265	7362218	356	-60	20	42
YGRC005	Line 1	417233	7362214	348	-60	20	54
YGRC006	Line 2	417386	7362350	353	-60	20	12
YGRC007	Line 2	417356	7362302	353	-60	20	24
YGRC008	Line 2	417341	7362258	351	-60	20	30
YGRC009	Line 2	417321	7362205	350	-60	20	42
YGRC010	Line 2	417299	7362158	353	-60	20	42
YGRC012	Line 3	417409	7362277	354	-60	20	12
YGRC013	Line 3	417390	7362239	353	-60	20	24
YGRC014	Line 3	417375	7362178	353	-60	20	36
YGRC015	Line 3	417352	7362120	352	-60	20	42
YGRC016	Line 4	417454	7362293	359	-60	20	18
YGRC017	Line 4	417445	7362260	354	-60	20	18
YGRC018	Line 4	417439	7362206	351	-60	20	30
YGRC019	Line 4	417407	7362156	354	-60	20	36
YGRC020	Line 4	417389	7362112	357	-60	20	48
YGRC021	Line 5	417515	7362271	355	-60	20	12
YGRC022	Line 5	417499	7362223	356	-60	20	30
YGRC023	Line 5	417472	7362180	359	-60	20	42
YGRC024	Line 5	417452	7362140	356	-60	20	54
YGRC025	Line 5	417439	7362084	352	-60	20	72
YGRC026	Line 6	417557	7362247	362	-60	20	18
YGRC027	Line 6	417540	7362205	354	-60	20	42
YGRC028	Line 6	417521	7362151	353	-60	20	54
YGRC029	Line 6	417496	7362093	353	-60	20	60
YGRC030	Line 6	417477	7362050	351	-60	20	66
YGRC031	Line 7	417608	7362228	355	-60	20	24
YGRC032	Line 7	417589	7362182	355	-60	20	36
YGRC033	Line 7	417571	7362135	355	-60	20	54
YGRC034	Line 7	417542	7362074	355	-60	20	72
YGRC035	Line 7	417529	7362036	351	-60	20	78
YGRC036	Line 8	417646	7362202	352	-60	20	18
YGRC037	Line 8	417634	7362150	355	-60	20	30
YGRC038	Line 8	417626	7362106	355	-60	20	54
YGRC039	Line 8	417594	7362056	353	-60	20	72
YGRC040	Line 8	417579	7362019	354	-60	20	84
YGRC041	Line 9	417691	7362178	355	-60	20	18
YGRC042	Line 9	417676	7362136	359	-60	20	36
YGRC043	Line 9	417665	7362085	359	-60	20	60
YGRC044	Line 9	417637	7362037	350	-60	20	72
YGRC045	Line 9	417614	7361994	345	-60	20	90

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ASX Announcement

17 June 2014

Appendix	2 – Yangibana North, May	2 – Yangibana North, May	2 – Yangibana North, May	2 – Yangibana North, May	2014	RC Drilling,	RC Drilling,	Assay	Results
ELEMENTS			Ce	Dy	Er	Eu	Gd	Ho	La	Lu	Nb	Nd	Pb	Pr	Sm	Ta	Tb	Th	Tm	U	Y	Yb	Zr
UNITS			ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm
DETECTION			0.5	0.1	0.1	0.1	0.1	0.1	0.2	0.1	10	0.1	20	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.5	0.1	5
			FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6
METHOD			/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS
RC21	From	To
YRC1	0	1	3582	34.2	4.9	63	146	3.1	1542	0.3	49	1652	70	456	253	1.8	11.6	413	0.4	26.4	72.1	2.2	23
YRC2	1	2	3285	17.7	2.7	40.6	83.1	1.8	1337	0.3	79	1412	26	405	173	2.6	6.3	263	0.2	15.6	36.7	1.5	10
YRC3	2	3	2441	26.1	4.5	48.3	115	2.8	1026	0.5	153	1227	34	319	210	5.8	9	344	0.5	15	55.9	2.2	20
YRC4	3	4	2167	52.4	7.7	84	212	5	746	0.7	154	1468	36	330	324	6.1	17.7	410	0.8	34	107	3.8	X
YRC5	4	5	1799	45.1	7.2	64.5	174	4.7	648	0.5	65	1176	141	266	263	2.4	15.1	318	0.7	20.1	97	3.7	19
YRC6	5	6	132.1	7.7	2.7	5.3	15.6	1.3	56.1	0.4	22	73.9	118	18.7	19.3	1.2	2	22.9	0.3	5.1	28.4	1.7	321
YRC7	6	7	151.4	3.6	2	2.3	6.6	0.7	76.8	0.3	13	59	31	17	10.1	1.2	0.8	17.2	0.2	4.4	18	1.6	142
YRC8	7	8	148.4	3.3	1.8	1.7	6	0.7	77.1	0.3	13	54.9	31	16	8.1	1.3	0.7	16.3	0.3	4.9	17.7	1.9	153
YRC9	8	9	169.8	3.7	2.1	2.1	5.6	0.7	89.4	0.3	15	63.6	32	18.2	9	1.3	0.9	19.3	0.4	5	18.8	1.7	159
YRC10	9	10	120.4	3.8	1.7	1.8	5.2	0.6	64.1	0.3	13	46.5	41	12.9	6.8	1.3	0.8	14.6	0.3	3.7	17.7	1.7	139
YRC11	10	11	43.4	3.6	2.2	1.5	4	0.8	20.3	0.3	12	20.7	41	5.3	4.2	1.5	0.7	5.5	0.3	3.3	20.2	1.8	137
YRC12	11	12	56.5	4.4	2.3	1.5	4.6	0.8	28.7	0.3	15	27.4	35	6.6	5.6	1.4	0.8	6	0.3	2.7	21.6	1.7	166
RC22
YRC19	6	7	128.8	4.6	2	2	7.6	0.8	68.5	0.3	13	57.2	21	15.2	9.6	1.1	1	19.8	0.3	4.9	21.4	1.8	200
YRC20	7	8	120.2	5	2.3	1.7	6.5	0.9	63	0.3	15	51.1	20	13.8	8.6	0.9	0.9	18.3	0.3	4.6	22.5	1.8	175
YRC21	8	9	127.1	5	2.4	1.8	7.6	1	68.5	0.3	13	53.3	X	14.8	10.1	1.1	0.9	18.8	0.4	5.5	24.2	2	198
YRC22	9	10	111.3	4.7	1.8	2.5	7.4	0.7	56.1	0.2	29	52.6	32	13.3	10.2	0.9	1	15.4	0.3	4.1	20.7	1.3	349
YRC23	10	11	128.6	3.7	1.6	2.5	6.9	0.7	66.2	0.2	54	57.8	23	15.1	9.9	1.1	0.8	19.5	0.3	4.1	17.1	1.2	596
YRC24	11	12	76.9	3.3	1.7	1.9	4.7	0.7	36.2	0.3	34	35.3	X	9.1	6.5	1.3	0.7	12.9	0.3	9.7	15.1	1.5	134
YRC25	12	13	72.8	5.1	2.1	2.8	9.3	0.9	30.9	0.3	53	42.9	X	9.8	11.7	1.4	1.2	14.1	0.4	7.9	20.8	2	161
YRC26	13	14	24.8	3.6	2.1	1.3	4.3	0.7	11.3	0.2	35	15.7	21	3.6	4.7	1.1	0.7	5.4	0.3	6.6	19.8	1.7	117
YRC27	14	15	36.3	5.3	3.1	1.5	5.1	1.1	16.9	0.4	31	22.4	25	5	4.9	3.1	0.9	8	0.5	10.2	29.7	2.9	214
YRC28	15	16	38.5	6.5	2.6	2.1	7.9	1	16.8	0.3	28	22.5	58	5.2	5.9	1.7	1.2	14.6	0.3	4.8	28.9	2.2	135
YRC29	16	17	35.7	5.4	2.3	2	6.3	0.9	16.2	0.3	28	20.9	38	4.7	5.7	1.6	1	10.3	0.3	5.3	23.5	2	146
YRC30	17	18	637.8	5.9	1.8	9.1	21.1	0.7	272	0.2	45	288	144	80.1	39.7	1	1.6	56	0.2	3.7	17.4	1.3	106
YRC31	18	19	5536	18	2.1	54.3	109	1.5	2284	0.2	131	2223	62	667	255	6.3	7.3	399	0.2	8.9	31	1	13
YRC32	19	20	9504	54.3	7.2	121	270	5.1	4184	0.4	221	3978	631	1142	527	8.3	19.8	745	0.6	17.3	106	3.1	34
YRC33	20	21	2067	9.6	1.6	19.3	40.1	0.9	917	0.1	137	803	161	238	90.8	4.9	2.9	125	0.1	3.3	20.2	0.6	48
YRC34	21	22	680.3	10.8	2.2	12.3	31.2	1.4	274	0.2	133	318	166	87.6	49.8	4.3	3	56.3	0.2	2.8	29.5	1.2	480
YRC35	22	23	231.8	20.6	5.6	11.4	33.7	2.8	87.3	0.3	56	154	135	34.8	39.2	1.9	4.4	33.5	0.5	3.7	67.5	2.4	789
YRC36	23	24	196.9	7.1	3.2	3.6	12.6	1.2	88	0.4	29	91.7	51	24.5	16.2	2.8	1.4	26.2	0.4	4.6	32.3	2.8	318
YRC37	24	25	166.4	5	2.3	3.5	8.8	0.8	76.2	0.3	25	78.7	39	20.3	14.6	1.3	1.1	22.4	0.3	4.2	23.3	1.8	205
YRC38	25	26	143.8	5.5	2.2	3.1	9.2	0.9	66.3	0.2	26	65	37	17.4	12.7	1.3	1.2	21.2	0.3	5.2	24.5	1.7	213
RC23
YRC66	23	24	37.2	2.9	1.6	0.6	2.5	0.6	16.2	0.2	33	16.7	80	4.4	2.9	3.6	0.5	10.7	0.3	6.9	16.5	1.8	60
YRC67	24	25	1271	8.5	1.8	12.7	28.9	1	565	0.2	31	506	93	149	58.2	1.5	2.7	90.8	0.2	6.8	25.1	1.3	211
YRC68	25	26	850.1	2.5	0.4	6.4	12.6	0.3	383	X	X	306	X	97.8	29.2	0.4	1	52.4	X	2.2	6.6	0.3	56
YRC69	26	27	13093	47.2	5.1	123	250	3.9	5641	0.2	36	5008	60	1546	546	1	17.6	842	0.3	16	77.6	1.3	15

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ELEMENTS			Ce	Dy	Er	Eu	Gd	Ho	La	Lu	Nb	Nd	Pb	Pr	Sm	Ta	Tb	Th	Tm	U	Y	Yb	Zr
UNITS			ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm
DETECTION			0.5	0.1	0.1	0.1	0.1	0.1	0.2	0.1	10	0.1	20	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.5	0.1	5
			FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6
METHOD	From	To	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS
YRC70	27	28	6494	68.7	7.4	134	322	5.8	2585	0.4	29	3291	50	865	544	8.4	25.4	635	0.6	15.5	116	2.9	26
YRC71	28	29	2611	12.7	2.3	28.2	58.6	1.6	1152	0.4	X	1029	20	300	124	0.5	4.1	185	0.4	22.5	29.4	2	8
YRC72	29	30	5499	13.6	2.4	38.1	68.8	1.4	2561	0.2	18	1961	63	616	188	1	4.5	307	0.2	43.7	30.4	1.5	21
YRC73	30	31	782.7	4.2	0.7	9	20.1	0.5	323	0.1	17	317	29	92.7	40.5	0.7	1.6	58.2	0.2	5	8.8	0.4	8
YRC74	31	32	675.8	7.3	1.9	9.8	23.7	0.9	271	0.2	45	295	57	81.6	40.3	1.4	2	56.8	0.2	7.6	20	1	177
YRC75	32	33	449.3	4.9	1.9	6.3	15.9	0.6	192	0.2	26	192	36	54.5	27.7	1.5	1.4	54.3	0.3	6	19.1	1.4	163
YRC76	33	34	505.3	5.8	1.8	6.8	16.7	0.8	223	0.2	28	216	32	60.9	31	1.3	1.4	51	0.2	5.3	20.4	1.5	164
YRC77	34	35	348.1	4.4	1.9	4.8	10.6	0.6	153	0.2	30	145	59	40.6	19.2	1.6	1.1	35.6	0.2	14.8	17.3	1.6	88
YRC78	35	36	324.4	4.5	1.6	4.7	11.6	0.6	150	0.2	35	137	66	39.1	20.1	1.2	1.3	37.8	0.2	7.8	17.9	1.3	182
RC24
YRC116	31	32	40.9	2.7	1.6	0.7	3	0.4	17.1	0.2	19	20.8	55	5.2	3.8	2	0.5	13.4	0.3	10.5	15.9	1.4	64
YRC117	32	33	1247	8.7	1.7	15.6	34.9	1	541	0.2	17	511	65	148	65.1	1	2.8	97.8	0.2	12.1	21.9	1.1	90
YRC118	33	34	879.8	5.6	1.8	8.1	18.6	0.6	390	0.2	15	331	44	102	36.6	1.4	1.3	63.5	0.2	8.3	17.7	1.4	65
YRC119	34	35	281.7	3.5	1.8	3	8.4	0.7	123	0.2	21	111	52	33.4	13.9	1.7	0.8	28.4	0.2	9.5	16.5	1.5	107
YRC120	35	36	9369	23.5	3.1	66.3	126	2	4193	0.2	212	3445	133	1092	320	9	8.7	525	0.2	11.6	45.2	1.5	140
YRC121	36	37	9188	73.8	8.4	143	339	6.6	3832	0.5	154	4023	183	1145	576	6.6	27.4	752	0.6	29.3	130	2.9	78
YRC122	37	38	10945	167	19	307	750	14.5	4288	0.8	87	6179	1455	1524	1184	3.1	60.6	1246	1.3	20.9	293	6.1	31
YRC123	38	39	5248	76.7	9.3	146	346	6.5	1920	0.5	24	3094	970	757	587	0.8	26.9	1432	0.7	35	141	3.4	23
YRC124	39	40	2559	24.4	3.6	47.2	104	2.3	1052	0.3	37	1256	350	332	196	1.3	7.9	447	0.3	12.6	51.2	2.1	162
YRC125	40	41	1952	15.7	3	29.8	65	1.6	829	0.2	43	883	187	242	125	1.7	5.3	271	0.3	7.6	37	1.8	153
YRC126	41	42	517.3	8.1	2.6	10.8	25.8	1.1	219	0.3	23	245	75	65.7	41.7	1.1	2.5	89	0.3	5.4	29.8	1.8	169
YRC127	42	43	336.6	11.1	3.7	9.7	27.3	1.7	140	0.4	68	165	95	42	36.8	1.2	3	56.5	0.5	5.3	40.5	2.6	217
YRC128	43	44	267.3	16.8	5.5	12.1	34.4	2.4	116	0.5	57	144	68	33.2	43.9	1.7	4.1	65.7	0.7	6.1	59.5	3.1	160
YRC129	44	45	408.4	9.2	3.9	7.1	20.2	1.3	181	0.6	39	186	86	51.3	32.5	2.4	2.2	66.7	0.5	9.2	38.2	3.6	195
RC16
YRC139	0	1	5677	15.5	2.6	42.1	78.7	1.5	2325	0.3	16	2086	30	667	203	0.8	5.5	349	0.3	10.7	39.1	1.9	86
YRC140	1	2	5506	17.6	3	46	88.9	1.9	2157	0.4	17	2073	43	653	207	0.7	6.5	355	0.3	10.6	46	2	18
YRC141	2	3	376.6	3.8	1.1	5	12.5	0.5	151	0.2	X	160	X	46.4	21.9	0.3	1.1	34.1	0.1	6.9	14	1	38
YRC142	3	4	332.3	2.2	0.3	4.9	10.3	0.2	132	X	X	141	38	40.8	19.6	0.2	0.7	26.9	X	1.7	5	0.3	20
YRC143	4	5	5403	44.2	6	96.7	212	4.3	2254	0.4	176	2626	69	699	402	7.8	16.1	633	0.6	8.7	91.2	3.2	10
YRC144	5	6	4654	33.8	5.5	69.6	155	3.2	2093	0.5	64	1999	215	562	292	2.8	11.8	488	0.5	12.4	74.1	2.9	103
YRC145	6	7	460.7	13.6	3.3	13.4	36.4	1.6	172	0.3	29	255	44	63.4	51.8	1.1	3.7	58.8	0.3	4	39.4	2.3	543
YRC146	7	8	212.7	7.2	2.4	5.8	16.1	1	86.2	0.2	24	105	42	27.8	20.1	0.9	1.7	29.5	0.3	3.6	24.3	1.7	310
YRC147	8	9	145.4	8	2.4	5.5	15.4	1	62.1	0.3	27	85	70	19.8	20	0.9	1.8	27.3	0.3	4.3	28.5	1.7	435
YRC148	9	10	125.1	4.7	1.9	1.9	7.6	0.8	60.3	0.2	19	53.9	39	14.6	9.9	1.2	0.9	27.6	0.3	5.7	20.5	1.5	209

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8

ASX Announcement 17 June 2014

==> picture [187 x 54] intentionally omitted <==

Appendix 3 – Yangibana Project, Regional Rock Chip Sampling May 2014, Assay Results

ELEMENTS			Ce	Dy	Er	Eu	Gd	Ho	La	Lu	Nb	Nd	Pr	Sm	Ta	Tb	Th	Tm	U	Y	Yb	Zr
UNITS			ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm
DETECTION			0.5	0.1	0.1	0.1	0.1	0.1	0.2	0.1	10	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.5	0.1		5
			FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6
METHOD			/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	FP6/MS	FP6/MS
	East	North
CARBONATITES
YC1	413491	7352350	281.6	6.1	1.9	7.5	19.6	0.9	136	0.3	262	116.3	32.3	27.1	9.4	1.7	63.7	0.2	7.9	19.8	2.1		265
YC2	413487	7352345	44.4	3.1	1.6	1.1	3.9	0.6	17.6	0.2	391	15.4	4.6	4	9.8	0.5	14.9	0.2	10	15.2	1.9		333
YC3	413526	7352381	24.2	1.8	0.9	0.9	3	0.3	10.2	0.2	310	10.7	3	3.2	8.6	0.4	9.2	0.1	7	10	1.1		267
YC4	413628	7352330	287.8	9.2	4.1	5.5	15.9	1.6	148.7	0.6	206	117.8	32	20.2	11.2	2	38.7	0.6	16.3	43.4	3.7		654
YC5	413628	7352318	270	24.6	8.7	11.2	35.4	3.9	124.5	0.5	85	140.6	34.3	36.1	3.6	4.9	42.7	0.9	21.8	98.5	4.7		390
YC6	413634	7352295	368.5	26.2	10.4	11.6	37	4.6	176.7	0.7	132	177.1	44.3	37.2	6.4	5.3	73.3	1.1	6.9	114.2	6		534
YC7	414082	7352231	54.2	3.8	1.8	2.3	6	0.6	29.2	0.2	298	25.8	6	7.6	9.1	0.8	11.7	0.2	5.9	16.3	1.4		232
YC8	414084	7352231	43.6	4.2	2.2	2.1	6.5	0.8	26.9	0.3	671	26.5	5.7	7.7	8.8	0.8	11.7	0.3	11.2	23.4	1.8		377
YC9	414075	7351978	296.6	4.7	2.2	3.4	9	0.7	159.1	0.3	148	108.9	32	14.6	8.8	1	33.2	0.3	3.2	19.9	2.2		387
YC10	414005	7351950	360.5	15	3.2	15.9	46.3	1.8	170.2	0.4	315	187.5	46.1	54.9	9.2	4.1	78.3	0.4	3.8	37.6	2.2		399
YC11	413914	7351916	379.6	6.8	3.4	5.4	12.4	1.2	192.4	0.5	215	151.1	42.1	20.5	11	1.4	31	0.5	5.1	29.8	3.6		752
YC12	414621	7351375	228.7	15.1	4.5	8.6	27.5	2.1	118.7	0.4	250	96.1	25	25.6	9	3.4	93.6	0.4	7.5	52.8	2.9		420
YC13	415738	7350924	289.7	18.3	6.3	5.9	21.6	3	146.4	0.6	247	116.8	32.7	20	9.5	3.5	73.7	0.8	1.6	75.2	4.6		396
YC14	415760	7350949	69.7	7	3	3.2	8.8	1.1	32.2	0.4	387	39	9	10.6	10.5	1.3	31.5	0.3	6	25.2	2.6		379
YC15	415860	7351191	241.6	38.2	16.4	10.7	39.9	6.7	109.9	1.1	191	128.6	30.4	34	7.3	6.6	82.5	1.8	12.4	172.7	8.8		591
YC16	415892	7351442	178.3	4.2	2.1	2.1	6.3	0.8	67	0.3	26	56.8	17.1	9.2	1.5	0.8	31.1	0.3	4.9	20.9	1.9		339
YC17	415937	7352097	65.7	5.3	2.4	1.9	6.8	0.9	31.3	0.2	136	27.9	7.2	5.5	9.9	1.1	12.1	0.3	4.6	22.6	1.6		322
YC18	415743	7352211	216.9	8.5	2.9	5.2	15.4	1.4	107.9	0.3	219	90.6	25.1	17.9	8.9	2	40.7	0.4	9.7	34.6	2.3		199
YC19	415234	7352515	525.8	17.9	7	9.8	27.6	3.1	277.5	0.7	335	207.6	60	33.3	13.1	3.7	106.9	0.8	12	77.7	4.2		456
YC20	414747	7352547	1600.8	44.4	17.3	24.2	66.7	7.4	852.4	1.1	843	610.2	173.6	92.8	15.2	8.7	112.4	1.9	34.5	191.4	10		582
IRONSTONES
YF1	413806	7352301	766.5	7.7	0.8	51	87.3	0.8	235.8	0.1	1737	1606.3	195	306.4	5.2	3.9	670.3	0.1	57.1	14.3	1		186
YF2	413931	7352272	173.5	5.9	0.9	17.8	36.1	0.6	64.4	X	371	280.5	36.7	85.6	1.3	2.3	297.8	X	5.1	11.8	0.8		1754
YF3	414083	7352228	112.7	3.2	0.6	10.9	21.4	0.4	36.4	X	553	187.2	23.2	58.7	1.1	1.3	162.9	X	5.2	7.6	0.5		233
YF4	415767	7350951	2064	29.7	5.4	58.4	142.7	3.2	804.6	0.5	2933	1293.6	287	273.5	19.9	11.1	588.2	0.5	8.6	66.7	3.2		120
YF5	415602	7352342	1271.9	6	1	26.6	45.1	0.6	588.7	0.1	33	763.3	173	142.4	0.4	2.5	236.5	X	22.6	11.7	0.5		18
YF6	414198	7352460	1796.3	26.7	1.5	169.6	301.1	1.7	536.2	0.2	2402	3959	503	890.9	6.5	13.4	2433.9	0.1	14	30.5	0.8		298
YF7	418282	7354165	4036.5	16.8	1.7	92	159.7	1.5	1191.8	0.1	473	3496	729.1	522.6	2.4	8.1	1101.3	0.2	9.4	28.3	1.1		1401
YF8	418778	7354846	44.4	1.2	0.4	1.6	2.8	0.2	13.6	X	1200	38.5	8.1	7	1.5	0.3	15.4	X	2.2	4.4	0.4		219
YF9	419542	7354766	42.3	6.3	3.2	2.5	7.4	1.3	17.6	0.5	391	33.8	7.1	8	8.9	1.3	9.8	0.5	20.6	33.7	3.2		174
YF10	418807	7354609	138	1.8	0.4	7.1	11	0.2	26.4	X	214	263.3	41.3	41.1	2.1	0.7	34.4	X	10.1	4.5	0.3		8
BALD HILL
YBH1	428311	7356054	582.5	7.8	1.8	11.2	22.6	0.8	153.9	0.2	53	557	121.5	57.5	0.5	2.1	71.3	0.2	6.5	19.4	1.3		17
YBH2	428329	7356053	566.8	41.1	8.2	39.5	103.3	4.7	93.8	0.7	179	864.3	141.4	172.3	2.1	11.4	167.7	0.9	23.4	92.9	5		33

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9

==> picture [187 x 54] intentionally omitted <==

ASX Announcement 17 June 2014

ELEMENTS			Ce	Dy	Er	Eu	Gd	Ho	La	Lu	Nb	Nd	Pr	Sm	Ta	Tb	Th	Tm	U	Y	Yb	Zr
UNITS			ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm
DETECTION			0.5	0.1	0.1	0.1	0.1	0.1	0.2	0.1	10	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.5	0.1	5
			FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6	FP6
METHOD			/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	/MS	FP6/MS	FP6/MS
YBH3	428321	7356040	1455	31.8	4.7	43.6	108.5	3.4	391.4	0.3	229	1425.2	292.7	199.4	3.5	10.4	223.8	0.5	12.8	66.5	2.4	7
YBH4	428335	7356047	591.3	27.5	4.9	26.3	71	3	156.1	0.4	126	708.3	136.8	116.6	1.6	7.7	132.5	0.5	8.9	62.1	3	69
YBH5	428309	7356082	16450	80.5	9.2	256.5	450.7	7.2	4907.7	0.5	18055	23262.7	4287.6	1916.2	272.8	28.5	2370.8	0.8	22	156.3	3.7	28
YBH6	428349	7355984	2339.8	38.2	5.6	59.3	143.9	3.8	631.5	0.5	174	2380.7	491.9	294.2	2.5	12.7	330.5	0.7	12.5	74	4	55
YBH7	428372	7355952	1975.3	18.9	2.7	29.5	63	1.9	530.5	0.1	58	1671.7	389.8	159.7	0.6	5.6	179.2	0.2	4.2	39.9	1.2	30
YBH8	428345	7356080	7525	43.7	4.9	80.7	164	3.7	2130.2	0.3	25	5547.9	1362.4	443.3	0.4	14.1	705.9	0.4	12.4	79	2	6
YBH9	428355	7355942	5150.2	65.4	7.4	119	234.7	6.1	1647.3	0.5	163	6858.2	1251.7	663.6	2.7	21.2	1000.7	0.7	9.8	125.9	3.3	53
YBH10	428385	7355911	5658.7	53.4	7.4	92.7	199.8	5.3	1627.1	0.6	122	4651.7	1070.5	460.7	1.9	17.5	518.4	0.8	10.8	99.9	4	9
YBH11	428382	7356053	936.3	18.8	4	25.8	51.6	2.2	293.6	0.4	305	1405.5	244.9	147.7	3	4.9	156.3	0.4	9.6	49.1	2.5	29
YBH12	428354	7355771	60.8	4.2	2.9	1.6	5.9	1	27.3	0.4	61	36.3	8.5	7.1	1	0.9	11.6	0.4	44.5	28.4	2.5	360
YBH13	428402	7355876	6248.4	59.3	14.8	62.7	143.7	7.7	1720.5	1.1	77	4814	1158	363.3	0.9	14.3	694.5	1.6	32.7	179.5	9.7	16
YBH14	428335	7356246	2751.7	22.5	3.3	37.9	78.1	2.2	831.8	0.2	116	2199	520.8	203	1.8	7.1	323.4	0.3	5.6	44.5	1.4	17
YBH15	428336	7356265	1497.1	9.4	2.5	13.7	28.3	1.2	464	0.3	25	1057.6	260.2	81.4	0.5	2.7	182.5	0.3	18	27.5	1.7	11
YBH16	428370	7356313	1046	13.8	3	15.4	33.3	1.6	296.3	0.3	59	827.9	198.3	72.5	0.9	3.6	102.2	0.4	12.4	33.5	2	5
YBH17	428387	7356364	1146	15	2.8	22.4	49.5	1.7	292.5	0.3	24389	1042.4	225	120.3	134.2	4.4	180.8	0.3	19.7	35.7	2.1	89
YBH18	428409	7356420	1218.4	10.5	2.2	16.3	31.7	1.2	341.6	0.2	199	970.6	233.6	83.3	1.9	3	130.4	0.2	4.7	26.2	1.2	54
YBH19	428428	7356530	2694.2	24.6	3.6	37.8	78.2	2.6	801.4	0.3	127	2054.3	495.5	190.1	1.2	7.5	301.8	0.3	4.8	54.8	1.7	X
YBH20	428646	7356619	630.5	8.3	1.9	14.5	26.8	1	158.9	0.2	46128	670.8	134.7	85	134.3	2.4	247.9	0.2	3.2	24.8	1.8	638
YBH21	428417	7356437	2480.5	42.2	6.4	62.3	153.5	4.3	665.9	0.5	3504	2228.4	480.9	291.4	58.7	14.4	307.3	0.7	23.4	89.1	3.6	41
YBH22	428426	7356510	1770.7	26.6	3.6	35.4	78.6	2.6	528.4	0.3	159	1568.3	341.9	169.2	2.4	7.6	394.8	0.4	12.9	51.3	2.2	15
YBH23	428458	7356715	5416.3	69.8	9.6	106.8	246.2	6.9	1516.2	0.5	253	5113.4	1104.7	554.9	1.9	22.3	722	0.8	9.7	133.6	3.8	28
YBH24	428469	7356725	1744.8	41.8	6.6	48.4	119.9	4.1	469.9	0.5	2013	1714.5	355.2	226	24.7	12.6	256.3	0.7	18.2	90	3.5	27
YBH25	428476	7356747	2490.7	26.4	5	45.2	94.8	2.9	670.2	0.6	1088	2340.2	517	235.8	21.3	8.4	342.7	0.5	23.7	58.3	3.4	26
YBH26	428421	7356860	4157.2	122.4	15.9	136	345.7	11.9	1039.6	0.8	542	4287.3	889.8	601.1	5.5	36.1	711.8	1.3	7.9	243.1	6	18
YBH27	428464	7356784	363.4	18.8	3.7	22.5	61.1	2	86.9	0.4	19	507.9	87.4	95.7	0.2	6	118	0.4	12.9	39.8	2.5	22
YBH28	428442	7356812	3638.9	65.5	7.2	92.3	213.9	6.1	996.2	0.5	7803	3470	749.1	414.1	121.2	21.8	551.3	0.6	8.9	121.7	3.5	37
YBHX1	427474	7356599	6245.7	30.9	4.3	66.1	136.2	2.9	1995.3	0.4	168	3538.2	973.5	330.2	3.8	10.7	403.9	0.4	12.1	57.9	2.7	21
YBHX2	427458	7356612	2711.1	44.8	6.8	67	164.2	4.6	723.6	0.4	65	2191.7	495.7	304.4	0.9	15.3	364.9	0.6	3.8	93.3	2.8	45
YBHX3	427448	7356614	4137.4	22.1	3.4	43.7	94.5	2.2	1375.7	0.3	63	2258	625.6	214.6	1.2	7.6	290.3	0.3	6.3	47.5	2.2	20
YBHX4	427424	7356624	8556.6	31.8	3.1	90.9	161.9	2.7	2943.2	0.2	96	4636.7	1293.8	420.8	1.9	11.9	446.7	0.3	15.5	56.2	1.5	10
TONALITE
YTON1	423601	7350141	105.1	3.7	1.7	1.4	5.7	0.7	50.9	0.2	15	48.7	13.1	8	0.8	0.8	20.2	0.2	2.2	18.1	1.4	129
YTON2	423583	7350144	83.2	3.7	1.6	1.2	4.9	0.7	39.5	0.2	11	33.8	9.4	6.8	0.8	0.7	17.5	0.2	3.7	17.5	1.3	151
FENITES
YFEN1	418947	7354590	78	3.4	1	6.7	14.7	0.4	37	0.1	329	68.1	11.7	25.8	2	1.1	44.5	0.1	3.2	12.1	1.3	2610
YFEN2	419657	7354708	344.2	3.9	0.7	16.2	25.6	0.3	95.2	X	5897	468.3	78.7	93.6	7.8	1.4	143.9	X	4.5	8.9	0.7	675
YFEN3	418944	7354105	243.1	14.1	3.5	29.9	64.2	1.7	49.8	0.2	161	439.7	63	137.7	1	4.4	154	0.3	5.3	40	1.7	545
YFEN4	418869	7354094	31.9	2.4	0.6	3.6	7.6	0.3	11.3	X	264	46.9	7.1	15	0.8	0.6	25.8	X	1.2	7.2	0.4	1367
YFEN5	418292	7354208	658.3	12.1	1.7	17.8	47.1	1.1	220.6	X	45	380.7	95.5	68.9	0.7	3.9	70.3	0.1	0.3	24.1	0.5	26
YFEN6	417931	7353883	324.6	3.6	0.8	6.9	15.8	0.4	146.2	X	85	157.7	43.5	27.1	1.8	1.2	25.3	X	1.9	10.5	0.5	48

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ASX Announcement 14 May 2014

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For further information please contact:

Andy Border, General Manager Exploration +61 2 9078 7674 Guy Robertson, Company Secretary +61 2 9078 7674

Media & Investor relations: Fortbridge +612 9003 0477

Bill Kemmery +61 400 122 449 or Marina Trusa +61 404 330 634

About Hastings Rare Metals

• Hastings Rare Metals is a leading Australian rare earths company, with two rare earths projects in Western Australia.

• The Hastings deposit contains JORC Indicated and Inferred Resources totaling 36.2 million tonnes (comprising 27.1mt Indicated Resources and 9.1mt Inferred Resources) at 0.21% TREO, including 0.18% HREO, plus 0.89% Z r O₂ and 0.35% Nb₂O₅.

• Rare earths are critical to a wide variety of current and new technologies, including smart phones, hybrid cars, wind turbines and energy efficient light bulbs.

• The Hastings deposit contains predominantly heavy rare earths (85%), such as dysprosium and yttrium, which are substantially more valuable than the more common light rare earths.

• The Company aims to capitalise on the strong demand for heavy rare earths created by expanding new technologies. It has recently validated the extensive historical work and completed a Scoping Study to confirm the economics of the Project.

Competent Person’s Statement

The information in this report that relates to Resources is based on information compiled by Simon Coxhell. Simon Coxhell is a consultant to the Company and a member of the Australasian Institute of Mining and Metallurgy. The information in this report that relates to Exploration Results is based on information compiled by Andy Border, an employee of the Company and a member of the Australasian Institute of Mining and Metallurgy.

Each has sufficient experience relevant to the styles of mineralisation and types of deposits which are covered in this report and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (“JORC Code”). Each consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears.

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ASX Announcement 14 May 2014

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JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Sampling		Nature and quality of sampling (eg cut		Reverse circulation drilling was carried out at
techniques		channels, random chips, or specific		the Yangibana North prospect to obtain drill
		specialised industry standard measurement		chip samples from one-metre intervals from
		tools appropriate to the minerals under		which a 2-4kg sample was collected for
		investigation, such as down hole gamma		submission to the laboratory for analysis for
		sondes, or handheld XRF instruments, etc).		rare earths, rare metals, U and Th. Mineralised
		These examples should not be taken as		zones were identified visually during
		limiting the broad meaning of sampling.		geological logging in the field.
		Include reference to measures taken to		Samples from each metre were collected in a
		ensure sample representivity and the		cyclone and split using a 3 level riffle splitter.
		appropriate calibration of any		Field duplicates and Reference Standards
		measurement tools or systems used.		were inserted at a rate of approximately 1 in
		Aspects of the determination of		40.
		mineralisation that are Material to the Public		Rock chip samples were collected from
		Report.		outcrops of prospective rocks, in this case
		In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire		carbonatite sills, ironstone lenses and fenitic- altered zones. Samples were collected from areas that have received no previous exploration and from the Bald Hill ironstone lenses.
		assay’). In other cases more explanation
		may be required, such as where there is
		coarse gold that has inherent sampling
		problems. Unusual commodities or
		mineralisation types (eg submarine nodules)
		may warrant disclosure of detailed
		information.
Drilling		Drill type (eg core, reverse circulation, open-		Reverse Circulation drilling at yangibana
techniques		hole hammer, rotary air blast, auger,		North utilising a nominal 5 1/4 inch diameter
		Bangka, sonic, etc) and details (eg core		face-sampling hammer
		diameter, triple or standard tube, depth of
		diamond tails, face-sampling bit or other
		type, whether core is oriented and if so, by
		what method, etc).
Drill sample		Method of recording and assessing core		Recoveries are recorded by the geologist in
recovery		and chip sample recoveries and results		the field at the time of drilling/logging.
		assessed.		If poor sample recovery is encountered during

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		Measures taken to maximise sample		drilling, the geologist and driller have
		recovery and ensure representative nature		endeavored to rectify the problem to ensure
		of the samples.		maximum sample recovery. Visual assessment
		Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse		is made for moisture and contamination. A cyclone and splitter were used to ensure representative samples and were routinely cleaned.
		material.		Sample recoveries to date have generally
				been high, and moisture in samples minimal.
				Insufficient data is available at present to
				determine if a relationship exists between
				recovery and grade. This will be assessed
				once a statistically valid amount of data is
				available to make a determination.
Logging		Whether core and chip samples have been		All drill chip samples are geologically logged
		geologically and geotechnically logged to		at 1m intervals from surface to the bottom of
		a level of detail to support appropriate		each individual hole to a level that will
		Mineral Resource estimation, mining studies		support appropriate future Mineral Resource
		and metallurgical studies.		studies.
		Whether logging is qualitative or		Logging is considered to be semi-quantitative
		quantitative in nature. Core (or costean,		given the nature of reverse circulation drill
		channel, etc) photography.		chips and the inability to obtain detailed
		The total length and percentage of the		geological information.
		relevant intersections logged.		All RC drill holes in the current programme are
				logged in full.
Sub-		If core, whether cut or sawn and whether		The RC drilling rig was equipped with an in-
sampling		quarter, half or all core taken.		built cyclone and triple tier riffle splitting
techniques and sample preparation		If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.		system, which provided one bulk sample of approximately 20kg, and a sub-sample of 2- 4kg per metre drilled.
		For all sample types, the nature, quality and appropriateness of the sample preparation technique.		All samples were split using the system described above to maximise and maintain consistent representivity. The majority of samples were dry. For wet samples the
		Quality control procedures adopted for all		cleanliness of the cyclone and splitter was
		sub-sampling stages to maximise		constantly monitored by the geologist and
		representivity of samples.		maintained to avoid contamination.
		Measures taken to ensure that the sampling		Bulk samples were placed in green plastic
		is representative of the in situ material		bags, with the sub-samples collected placed
		collected, including for instance results for		in calico sample bags.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		field duplicate/second-half sampling.		Field duplicates were collected directly off
		Whether sample sizes are appropriate to the grain size of the material being sampled.		the splitter as drilling proceeded through a secondary sample chute. These duplicates were designed for lab checks as well as lab
				umpire analysis.
				A sample size of 2-4kg was collected and
				considered appropriate and representative
				for the grain size and style of mineralization
Quality of		The nature, quality and appropriateness of		Genalysis (Perth) was used for all analysis work
assay data		the assaying and laboratory procedures		carried out on the 1m drill chip samples and
and		used and whether the technique is		the rock chip samples. The laboratory
laboratory		considered partial or total.		techniques below are for all samples
tests		For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis		submitted to Genalysis and are considered appropriate for the style of mineralisation defined at the Yangibana REE Project:
		including instrument make and model,	FP6/MS
		reading times, calibrations factors applied and their derivation, etc.		Blind field duplicates were collected at a rate of 1 duplicate for every 40 samples that are
		Nature of quality control procedures		to be submitted to Genalysis for laboratory
		adopted (eg standards, blanks, duplicates,		analysis. Field duplicates were split directly off
		external laboratory checks) and whether		the splitter as drilling proceeded at the
		acceptable levels of accuracy (ie lack of		request of the supervising geologist.
		bias) and precision have been established.
Verification		The verification of significant intersections by		At least two company personnel verify all
of sampling		either independent or alternative company		significant intersections.
and assaying		personnel.		All geological logging and sampling
		The use of twinned holes.		information is completed firstly on to paper
		Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.		logs before being transferred to Microsoft Excel spreadsheets. Physical logs and sampling data are returned to the Hastings head office for scanning and storage.
		Discuss any adjustment to assay data.		Electronic copies of all information are
				backed up daily.
				No adjustments of assay data are considered
				necessary.
Location of		Accuracy and quality of surveys used to		A Garmin GPSMap62 hand-held GPS is used
data points		locate drill holes (collar and down-hole		to define the location of the drill hole collars
		surveys), trenches, mine workings and other		and regional rock chip samples. Standard
		locations used in Mineral Resource		practice is for the GPS to be left at the site of
		estimation.		the collar for a period of 5 minutes to obtain a
		Specification of the grid system used.		steady reading. Collar locations are considered to be accurate to within 5m.
		Quality and adequacy of topographic		Collars will be picked up by DGPS in the

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		control.		future. Down hole surveys are conducted by
				the drill contractors using a Reflex electronic
				single-shot camera with readings for dip and
				magnetic azimuth nominally taken every 30m
				down hole, except in holes of less than 30m.
				The instrument is positioned within a stainless
				steel drill rod so as not to affect the magnetic
				azimuth.
				Grid system used is MGA 94 (Zone 50)
				Topographic control is obtained from surface
				profiles created by drillhole collar data. It will
				be necessary to undertake more detailed
				topographic controls later in the programme.
Data spacing		Data spacing for reporting of Exploration		Drill hole spacing is nominally 50m along drill-
and		Results.		lines, with a line spacing of 50m. Collar
distribution		Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity		locations were varied slightly dependent on access at a given site. Regional rock chip samples were collected at sites of interest.
		appropriate for the Mineral Resource and		A drill hole section spacing of 50m is used with
		Ore Reserve estimation procedure(s) and		hole spacings at 50m. Further details are
		classifications applied.		provided in the collar co-ordinate table
		Whether sample compositing has been		contained elsewhere in this report.
		applied.		No sample compositing is used in this report,
				all results detailed are the product of 1m
				down hole sample intervals.
Orientation		Whether the orientation of sampling		Most drill holes are planned to intersect the
of data in		achieves unbiased sampling of possible		interpreted mineralised structures/lodes as
relation to		structures and the extent to which this is		near to a perpendicular angle as possible
geological		known, considering the deposit type.		(subject to access to the preferred collar
structure		If the relationship between the drilling		position).
		orientation and the orientation of key
		mineralised structures is considered to have
		introduced a sampling bias, this should be
		assessed and reported if material.
Sample		The measures taken to ensure sample		The chain of custody is managed by the
security		security.		project geologist who places calico sample
				bags in polyweave sacks. Up to 10 calico
				sample bags are placed in each sack. Each
				sack is clearly labelled with:
				 Hastings Rare Metals Ltd

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
				 Address of laboratory
				 Sample range
				Samples were delivered by Hastings personnel
				to the Nexus Logistics in order to be loaded
				on the next available truck for delivery to
				Genalysis. The freight provider delivers the
				samples directly to the laboratory. Detailed
				records are kept of all samples that are
				dispatched, including details of chain of
				custody.
Audits or		The results of any audits or reviews of sampling		No audit of sampling data has been
reviews		techniques and data.		completed to date but a review will be
				conducted once all data from Genalysis
				(Perth) has been received. Data is validated
				when loading into the database and will be
				validated again prior to any Resource
				estimation studies.

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ASX Announcement 14 May 2014

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Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Mineral		Type, reference name/number, location		The RC drilling at Yangibana North was all
tenement and		and ownership including agreements or		within E09/1043 – 70% held by Gascoyne
land tenure		material issues with third parties such as joint		Minerals Pty Ltd, 30% GTI Resources Ltd.
status		ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.		Rock chip samples were collected from within E09/1043, E09/1049, E09/1700, E09/2007, P09/467, and P09/481.
		The security of the tenure held at the time of reporting along with any known		The tenements are in good standing and no known impediments exist.
		impediments to obtaining a licence to
		operate in the area.
Exploration		Acknowledgment and appraisal of		A limited amount of RC drilling was
done by other		exploration by other parties.		completed at Yangibana North in the 1980s
parties				by Hurlston Pty Limited. Minor rock chip
				sampling has been carried out more
				recently but adds little to the project. A
				number of other targets were drilled by
				Hurlston, including Bald Hill that was
				sampled during the recent programme.
				Other targets tested during the recent
				programme had not been sampled
				previously.
Geology		Deposit type, geological setting and style of		The Yangibana North Ironstone is a
		mineralisation.		ironstone-quartz vein unit outcropping over
				approximately 800m. This ironstone unit is
				known to host REE mineralisation. The unit is
				thought to dip approximately 20 degrees to
				the south, generally with a width of
				approximately 3-4m.
				It is one of a series of ironstone lenses that
				have been explored previously to limited
				degree for base metals, manganese,
				uranium, diamonds and rae earths.
				The ironstones are considered by GSWA to
				be coeval with the numerous carbonatite
				sills that occur within Hastings tenements, or
				at least part of the same
				magmatic/hydrothermal system.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Drill hole		A summary of all information material to the		Refer to details of drilling in table in the
Information		understanding of the exploration results		body of this report and the appendices.
		including a tabulation of the following
		information for all Material drill holes:
		o easting and northing of the drill hole
		collar
		o elevation or RL (Reduced Level –
		elevation above sea level in metres) of
		the drill hole collar
		o dip and azimuth of the hole
		o down hole length and interception
		depth
		o hole length.
		If the exclusion of this information is justified
		on the basis that the information is not
		Material and this exclusion does not detract
		from the understanding of the report, the
		Competent Person should clearly explain
		why this is the case.
Data		In reporting Exploration Results, weighting		All intervals reported are composed of 1m
aggregation		averaging techniques, maximum and/or		down hole intervals and as such are length
methods		minimum grade truncations (eg cutting of		weighted. A lower cut-off grade of
		high grades) and cut-off grades are usually		5000ppm TREO has been used for assessing
		Material and should be stated.		significant intercepts, and no upper cut-off
		Where aggregate intercepts incorporate		grade was applied.
		short lengths of high grade results and		Maximum internal dilution of 1m was
		longer lengths of low grade results, the		incorporated in reported significant
		procedure used for such aggregation		intercepts.
		should be stated and some typical examples of such aggregations should be		No metal equivalents are used for reporting.
		shown in detail.
		The assumptions used for any reporting of
		metal equivalent values should be clearly
		stated.
Relationship		These relationships are particularly		True widths for mineralisation have not been
between		important in the reporting of Exploration		calculated and as such only down hole
mineralisation		Results.		lengths have been reported.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
widths and		If the geometry of the mineralisation with		While interpretation of the results is still in the
intercept		respect to the drill hole angle is known, its		early stages, a better understanding of the
lengths		nature should be reported.		geometry of the deposit will be achieved,
		If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’).		and true widths reported, later in the programme. It is expected that true widths will be less than down hole widths, due to the apparent steep nature of the mineralisation.
Diagrams		Appropriate maps and sections (with		Appropriate maps and sections are
		scales) and tabulations of intercepts should		available in the body of this ASX
		be included for any significant discovery		announcement.
		being reported These should include, but
		not be limited to a plan view of drill hole
		collar locations and appropriate sectional
		views.
Balanced		Where comprehensive reporting of all		Reporting of results in this report is
reporting		Exploration Results is not practicable,		considered balanced.
		representative reporting of both low and
		high grades and/or widths should be
		practiced to avoid misleading reporting of
		Exploration Results.
Other		Other exploration data, if meaningful and		No other significant exploration work has
substantive		material, should be reported including (but		been done by Hastings.
exploration data		not limited to): geological observations;
		geophysical survey results; geochemical
		survey results; bulk samples – size and
		method of treatment; metallurgical test
		results; bulk density, groundwater,
		geotechnical and rock characteristics;
		potential deleterious or contaminating
		substances.
Further work		The nature and scale of planned further		Insufficient results from Hastings drilling have
		work (eg tests for lateral extensions, depth		been received to date and as such there is
		extensions or large-scale step-out drilling).		currently insufficient data to confirm a plan
		Diagrams clearly highlighting the areas of		for follow-up work.
		possible extensions, including the main
		geological interpretations and future drilling
		areas, provided this information is not
		commercially sensitive.

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