 Today I have the pleasure speaking with Malcolm Mason of Hastings Wear Metals. How are you today? I'm very well. Thank you. I want to start by congratulating you. You've just put out major milestone news here this week. Can you tell us about your new resource announcement and hit us with the highlights, please? Well, the highlight is that we now have over 12 million tons of resource and within that there's over a hundred and thirty thousand tons of eras. But maybe the key item is to, in my belief, you need to get to a certain value in your project. And we have approximately five billion dollars worth of rare earth metals in the ground on our project now. Okay, if that doesn't get everyone's interest, I don't know what will Malcolm. So let me back you up a little bit for everyone out there who may not be familiar with Hastings, Yangobana project. Can you give us an overview of this project? Yangobana is about 300 kilometers from the coast in the Gasgoin region and it covers around 650 square kilometers. We have outcropping mineralization over a distance of more than 50 strike kilometers. Much of the ore is quite shallow and it looks as though the metallurgy is going to come out very nicely for us. Okay, well, let's get right to the metallurgy because this is a 39-page news release, so we have a lot of exciting nuggets in here. First and foremost, of course, Hastings is targeting four of the most high-priced rare earths or technology metals. Can you talk to us specifically about those four metals and what you found in your most recent drilling program? In terms of the main metals for us, neodymium, pracodymium, are the main metals. They supply about 85% of the value of the mineralization and we have dysprosium and also Europium. Well, I think what I'm going to ask you next, of course, is you've done a significant amount of drilling here in the last year. Can you tell me what the plan of action is with this drilling program and what you're planning on doing next? Well, as part of the PFS and along with a host of other things we're doing, we will issue a report or a PFS report by about March of next year. That means we have to cover a whole host of items, too many to note, but maybe as a point of the detail, we've identified potable drinking water sufficient to supply a mine of more than a million tons per annum for as long as you would want. In an area that was previously considered to be a desert. OK, you know, March, that's that's like tomorrow. You're going to have your pre feasibility study done by March. I'm guessing the end of March, because we're only talking half a year here. Well, hopefully it will be a little before, but we believe certainly by the end of March. And in terms of how long we've been at it, it's really only what 18, just over 18 months that we've been exploring. So for us, that's quite a long time. All right, well, I was about to say that's not a long time in the rare earth life cycle. So can you tell me why your teams managed to move so quickly here since Charles Liu took over in end of 2013, early 2014? We have a very small team and they're very efficient, very effective. We only have two employees, the rest of us work part time. But it also allows us to gain access to the very best consultants around the world. So it means that we can pull them in very quickly. They can look after their specific areas and we can put together the PFS very, very quickly. Of course, the PFS is a very costly venture. What does that cost, Malcolm? For us, it will be under six and a half million dollars, which is quite tiny by most people's standards. And we look as though we won't be going over budget. OK, well, that's also very impressive. Of course, Hastings been able to raise money over the last year, which very few rare earth companies have been able to do due to the market conditions. Can you tell me whether or not or how you plan on securing the funds for the PFS? Much along the same lines, we're not looking at bar sums of money. We're not exactly sure yet. We won't know until the end of the PFS. But we would believe it's going to be less than 15 million dollars. And we'll be looking around for maybe some special interested parties. And of course, the shareholders are certainly still very keen to support us. So not much different to what we've been doing today. So Hastings really, for those of you out there and investor and teller who are new to Hastings, is really a neodymium project. Is that how you describe yourself or Malcolm? Please correct me. It's spot on then. In fact, I mean, 80 percent of the value comes from the neodymium. So there's no other way to look at it, except it is a neodymium prospect or project. Now, I believe there's some real significant competitive advantages in the Hastings-Yangabana project, if I recall, from from reviewing this project over the years. Can you tell our audience a little bit more about these advantages? I guess it's mainly because it's shallow, shallow dipping, and it outcrops over vast areas. The cost of mining is very small. Our beneficiation has been exceptionally good. We are able to have the floatation concentrates between 20 and 25 percent. And our hydromete work is looking very good at the moment. So all in all, assuming that we don't have any issues in the latter part of the metallurgy, we look as though we've got a very good chance of going into the bankable feasibility study. OK, well, that's very exciting. And also, I believe I read reference to a couple of clean tech initiatives. Can you tell us a little bit more about these? Well, it's interesting that we're out in the middle of the desert. I mean, it is open terrain, almost flat. And it's ideal to put in a solar power station. And the concept there is for a relatively small investment, we would save a very large amount of diesel that would normally go into a power plant. The other one is that we use quite a lot or will be using quite a lot of alkali and hydrochloric acid. And we're looking very seriously about producing that on site with a chloralkaline plant. Well, Malcolm, thank you so much for joining us today. I really appreciate the update. That's been a pleasure. And I trust that we'll meet again very soon.