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Hastings could be next in line to produce rare earths in Australia with plant approval in Onslow

Rare earths player Hastings Technology Metals (ASX:HAS) has just secured environmental approval for construction of the downstream processing plant at…

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This article was originally published by Stockhead

Rare earths player Hastings Technology Metals (ASX:HAS) has just secured environmental approval for construction of the downstream processing plant at its Yangibana rare earths project in Onslow in WA.

It’s a solid step on the path to production, with the plant set to perform hydrometallurgical processing of rare earths oxide concentrate from Yangibana into mixed rare earth carbonate (MREC) containing high levels of neodymium and praseodymium concentrate (NdPr).

NdPr are vital components used to manufacture permanent magnets that are required in advanced technology products ranging from electric vehicles to wind turbines, robotics, medical applications and digital devices.

And Yangibana contains one of the most highly valued NdPr deposits in the world, with NdPr:TREO ratios of up to 52%.

Australia’s next rare earths producer?

The Department of Agriculture, Water and the Environment (DAWE) approval follows DevelopmentWA Board sign-off last month for the company to enter discussions for an option to lease Ashburton North Strategic Industrial Area (ANSIA) Lot 600.

“This is a significant milestone for our Yangibana Rare Earths Project and further endorses Hastings’ decision last year to decouple the processing plant from the Yangibana mine site,” executive chairman Charles Lew said.

“The Commonwealth environmental approval will allow Hastings to construct the Onslow Rare Earths Plant for a full production rate of 15,000 tonnes of MREC per annum, unlocking the high-quality and NdPr-rich rare earths carbonate that we will produce at Yangibana.”

“Importantly, the Commonwealth approval is another positive step in Hastings’ journey to become Australia’s next rare earth producer.”

“Debt financing talks are advancing well and scheduled for conclusion before the end of this year and early stage civil works at the Yangibana mine site are in progress.”

Pic: Location of ANSIA highlighting the site chosen for the Onslow rare earths plant.

Plant construction kicks off in 2022

The company says that building the plant at ANSIA – which is around 15kms south-west of Onslow – is key to its downstream processing program because it offers access to piped natural gas, a plentiful supply of water and grid power.

Plus, the ANSIA location reduced the volumes of consumables and reagents needed to be transported to the Yangibana mine site by up to 80%.

Construction of the plant is due to begin in 2022, after the completion of early works at Yangibana mine site – and in line with Hastings’ target to produce its first MREC in early 2024.

The post Hastings could be next in line to produce rare earths in Australia with plant approval in Onslow appeared first on Stockhead.




Author: Emma Davies

Energy & Critical Metals

Hyundai Earmarks US$530 Million To Launch Six Electric Vehicles In India By 2028

Hyundai Motor Company (KRX: 005380) is batting for the Indian electric vehicle market, announcing today a plan to invest 40
The post Hyundai Earmarks US$530…

Hyundai Motor Company (KRX: 005380) is batting for the Indian electric vehicle market, announcing today a plan to invest 40 billion rupees (US$530 million) in the country’s nascent industry. The investment is part of the company’s aim to launch six battery electric vehicle models in the South Asian nation by 2028.

The automaker’s electric vehicle portfolio will include both affordable and premium models ranging from sedans and SUVs, according to Hyundai Motor India Director for Sales and Marketing Tarun Garg. The plan is to launch its first electric vehicle in 2022.

The South Korean carmaker also said that it plans to highly localise its production in India to keep its price points competitive. Aside from battery electric vehicles, the firm is also aiming to develop charging infrastructure in the country.

Currently, the Indian market for electric vehicles has a handful of players: Mahindra’s eVerito, Tata Motors’ Nexon EV and Tigor EV, and MG Motor’s ZS EV.

Tesla’s Elon Musk announced in December 2020 that it plans to enter India by late 2021 while the country’s top automaker Maruti Suzuki is expected to launch its first electric vehicle in 2025.


Information for this briefing was found via Aljazeera and Hindustan Times. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Hyundai Earmarks US$530 Million To Launch Six Electric Vehicles In India By 2028 appeared first on the deep dive.

Author: ER Velasco

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Energy & Critical Metals

Bolstering Bull Case, XPeng’s Impressive Delivery Numbers Are No Surprise

Automaker XPeng (NYSE:XPEV) is leading the electric vehicle market with strong fundamentals and impressive delivery numbers. The strong delivery numbers…

Automaker XPeng (NYSE:XPEV) is leading the electric vehicle market with strong fundamentals and impressive delivery numbers. The strong delivery numbers show the strong demand for EVs in the thriving market and it is a positive for all EV makers. XPEV stock is up 14% in the past six months and went from $38 in June to $55 in November.

Source: Andy Feng / Shutterstock.com

Now exchanging hands at around $47, its got some room between current levels and the all-time high of $60 a share but it won’t be long for the company to hit another all-time high.

Let’s dig deeper into the impressive fundamentals and delivery numbers of XPeng.

Strong Deliveries Stoke XPEV Stock

EV makers may have struggled for semiconductors in the recent past but they are now getting enough to build the cars. XPeng reported November deliveries at 15,613, which is a 270% rise from the same quarter the previous year. The deliveries are much higher than those reported by rival EV makers.

In September, XPeng reported delivering 10,412 vehicles, which was a new record at that time. The company has made another record by delivering 15,000 cars last month. Rival Nio (NYSE:NIO) delivered 10,878 cars in the month.

XPeng expects deliveries of about 34,500-36,500 vehicles in the quarter after delivering 10,138 in October and 15, 613 in November. This means it will have to deliver close to 10,700 vehicles in December to meet the expectations. The current picture of the company shows that it will be able to meet the projections and may report a significant increase in the revenue numbers.

Further, in the third quarter, the company beat analyst estimates and reported a loss of 15 cents a share on sales of $888 million. It delivered 25,666 vehicles in the quarter, which is up 199% from the same quarter the previous year. The gross margin was 14.4% and the vehicle margin, which is the gross profit of vehicles sales was 13.6%.

G9 Ready to Go Global

XPeng recently launched G9 which is a smart SUV. G9 is equipped with designs and characteristics that are ideal for the international market.

The car has international safety design standards which means the company is eyeing the international market and is looking for global expansion. It will be the first car to have X-EEA 3.0 electrical architecture and XPILOT 4.0 driver assistance system. It is the company’s proprietary advanced driver assistance system.

With this car, XPeng will be able to showcase its technology and strong power. The car is only a glimpse into the future. How the car performs in the International market will speak a lot about the future expansion plans of the company.

Interestingly, XPeng not only managed to handle the semiconductor chip shortage well but also launched a brand new car while many other EV makers were struggling to meet the production demands. This makes a solid case for XPEV.

The Bottom Line on XPEV Stock

I think XPeng is in a growth stage and it has a long way to go. The EV market is growing at a rapid pace and EV makers will have to make strong, well-timed moves to meet the demand. XPeng has consistently proved its strength with impressive delivery numbers and will continue to do so in the coming year.

All in all, the company has strong fundamentals and a solid product range that meets the demands of users. 2022 will see the company entering new markets with its stylish new model, G9. There are several catalysts working in favor of XPeng and it will take the stock higher after the fourth-quarter results.

XPeng has been gaining ground in the competitive industry and I believe it will impress investors in the next quarter. XPEV stock has massive potential to grow and it could hit a new high in 2022.

On the date of publication, Vandita Jadeja did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Vandita Jadeja is a CPA and a freelance financial copywriter who loves to read and write about stocks. She believes in buying and holding for long-term gains. Her knowledge of words and numbers helps her write clear stock analysis.

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Author: Vandita Jadeja

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Energy & Critical Metals

Auroch discovers Nepean lithium in Kalgoorlie

Special Report: Auroch Minerals has uncovered a hidden and potentially rich secret after finding lithium mineralisation at its Nepean nickel … Read More
The…

Auroch Minerals has uncovered a hidden and potentially rich secret after finding lithium mineralisation at its Nepean nickel project.

One of the Goldfields’ historic nickel mines, Nepean is the latest to reveal its surprise turn as a lithium domain after regional sampling of pegmatite veins by Auroch (ASX:AOU) revealed grades of 1.05% Li.

A number of locales in the rich mining area around Kalgoorlie host significant lithium deposits as rising demand makes the commodity one of the most sought after in the world.

Auroch picked up Nepean for its historic success in delivering high grade nickel sulphides dating back to the nickel boom of the late 1960s. But evidence of lithium on its ground adds another string to AOU’s battery metals bow.

It is now planning to reassay samples from RC holes near the pegmatite for lithium-caesium-tantalum mineralisation.

“The assay results have confirmed that the Nepean tenure hosts significant potential for LCT mineralisation, particularly for lithium,” Auroch managing director Aidan Platel said.

“We are excited by this prospect and have already commenced work on understanding the orientation and extent of the LCT -bearing pegmatites.

“Further mapping is required to better define the surface expression of the veins, whilst sampling of pegmatites intersected in nearby drill-holes may provide us with an understanding of the pegmatites in 3D space.”

The results come from field investigations assessing the LCT potential of the northern part of the Nepean tenure, where outcropping and sub-cropping pegmatites to the north and east of the third-party Lepidolite Hill and Londonderry pegmatite mines were given priority.

Samples were collected from float, sub-crop and outcrop in five locations.

More fieldwork will be undertaken to map and define the pegmatites, with reassaying of RC holes located close to the rock chip samples along with core samples containing pegmatite  from the first Nepean Deeps drillhole, both of which are still pending.

Auroch Minerals
Holes near the rock chip samples will now be reassayed for LCT mineralisation. Pic: Auroch Minerals

Nepean Deeps complete

Auroch has also completed the second, 754m deep, drill hole into the Nepean Deeps target, testing conductors beneath and to the west of historic workings at the Nepean mine.

Hole NPDD013 successfully intersected 12.5m of disseminated and matrix to semi-massive nickel sulphides from 576.8m, within a 76.15m intersection of ultramafics from 534.65m to 610.80m downhole.

It is interpreted to be the underexplored Sill 1 ultramafic directly west of the Nepean mine sequence.

Nickeliferous sulphides were intersected just below and are believed to be the cause of down-hole electromagnetic conductor 1A/1B, the uppermost of three DHEM targets identified by the first Nepean Deeps drill-hole, NPDD008.

While Auroch waits for assays, the diamond drill rig is moving to test regional targets.

“On the nickel sulphide front, the drill rig completed diamond hole NPDD013 to a depth of 754.45m, and assays are pending,” Platel said.

“The rig has moved to drill exciting targets at the Little Eagle, Spoonbill and Cormorant Prospects before the drilling campaign finishes for 2021, with the Nepean Deeps drill programme to recommence in the new year.”

Busy holiday season for Auroch

Auroch has a number of exploration activities upcoming to keep news flow coming over the festive season, with that regional drill program and an induced polarisation under way at Nepean.

Metallurgical test work results on the shallow high-grade nickel sulphide mineralisation proximal to the historic Nepean nickel mine workings are also expected in early January.

Assay results on the pegmatite samples from Nepean Deeps hole NPDD008 and the nickel sulphide samples from NPDD013 are expected this month.

Outside of Nepean Auroch expects to complete a diamond drill programme at the Ragless Range zinc prospect in the Arden Project this month, with infill and extensional diamond drilling at the Saints nickel project north of Kalgoorlie to start in early January.

A scoping study for Saints is due to be completed in the March Quarter.

 


 

 

This article was developed in collaboration with Auroch Minerals, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

The post Auroch discovers Nepean lithium in Kalgoorlie appeared first on Stockhead.






Author: Special Report

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