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Hastings Technology Metals Ltd (ASX:HAS) has seen its share price rise more than 3% as it told investors in its annual report that the Yangibana rare earths and niobium project in Western Australia was moving closer to production, and had reduced its capital costs by $56 million. The project’s new capex is now $474 million, including $154 million already spent on mine site infrastructure. According to the annual report to shareholders, Yangibana – located in WA’s upper Gascoyne region – is now moving into the stage of construction of a beneficiation plant, with the first concentrate to be prod…

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