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Metal Bank Advances WA Gold Strategy with Hastings Acquisition

Story Highlights
  • Metal Bank Limited completes due diligence for acquiring Hastings’ gold assets in WA.
  • Seven Leaders drilling program to start, advancing MBK’s gold strategy and operations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Metal Bank Advances WA Gold Strategy with Hastings Acquisition

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Hastings Technology Metals Limited ( (AU:HAS) ) has shared an announcement.

Hastings Technology Metals Limited has announced that Metal Bank Limited (MBK) has completed due diligence for acquiring its gold assets, including the Whiteheads, Ark, and Darcy projects in Western Australia. This acquisition aligns with MBK’s strategy to expand its gold portfolio in WA and move towards production. The Seven Leaders drilling program is set to commence on September 22, 2025, focusing on geotechnical drilling for pit design. HAS has allocated $500,000 to advance the Whiteheads project during the regulatory phase of the acquisition, ensuring exploration and permitting works continue. The acquisition and drilling activities are expected to enhance MBK’s operations and industry positioning, offering potential pathways for future toll treatment options.

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

Average Trading Volume: 240,207

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$62.26M

For an in-depth examination of HAS stock, go to TipRanks’ Overview page.

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