Ann: High Grade REE and Niobium Confirmed at Lyons, page-41

Economical grades on maiden drilling a previously unexplored tenement with more results to come, and add to that, further infill drilling to follow and funded in part through government incentives. Lots of upside here, low cost and risk, next door to emerging producers, and the area is red hot.

If you look at the history at Hastings you can see why the company has described these results as analogous to Frasers/Bald Hill etc but the market at the moment want every micro explorer to beat the majors on their maiden drill. That's unicorn stuff really.

Very surprised at the selloff, but then again some comments above reflect a few selling are perhaps new to the early exploration game, and others that have held with unrealistic expectations. To those wondering what to take away from the announcement and the comments above it is worth noting the companies own statement that the high grades from drilling exceeded their expectations particularly the exceptionally high NdPr found in the ironstones.