Hastings Technology Metals Expands Gold Portfolio with Whiteheads Project Acquisition

Hastings Technology Metals Limited ( (AU:HAS) ) just unveiled an update.

Hastings Technology Metals Limited has announced the acquisition of Great Western Gold Pty Ltd, which includes a significant interest in the Whiteheads Gold Project in Western Australia. This strategic move enhances Hastings’ gold footprint and aligns with its goal of becoming a multi-commodity company. The acquisition provides Hastings with an advanced gold project with multiple near-term production targets, supported by existing infrastructure and proximity to Kalgoorlie. The acquisition involves an upfront cost of $370,000 in cash and 3 million HAS shares, with additional deferred equity consideration contingent on achieving specific JORC Resource milestones. This acquisition is expected to bolster Hastings’ growth trajectory and optimize the potential of the Whiteheads Project.

The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.35 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 Limited is a multi-commodity company involved in the mining industry, focusing on rare earths, niobium, and gold. The company is known for its flagship Yangibana Rare Earths JV Project and leverages its extensive geological and operational expertise in Western Australia.

Average Trading Volume: 243,027

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$59.49M

Find detailed analytics on HAS stock on TipRanks’ Stock Analysis page.