Critical Minerals Factbook
Federal instrument · Loan

Northern Australia Infrastructure Facility increased loan approval of A$220 million to Hastings (Yangibana project)

Northern Australia Infrastructure Facility approval, announced 17 January 2023, of an increased loan of A$220 million (up from a previously approved A$140 million) for Hastings Technology Metals' Yangibana rare earths project in Western Australia. The NAIF project page records the approval; no source in this curation pass evidences financial close or drawdown, and the project's Stage 2 Onslow hydrometallurgical plant remained at the announced/planning stage at retrieval, so the instrument is recorded at conditional-commitment.

Facts on this page last re-verified Aug 11, 2026 — the oldest verification date among its current claims. How we verify.

Financial state: Conditional commitment

Program: Northern Australia Infrastructure Facility · Northern Australia Infrastructure Facility

Terms

PrincipalA$220M (increased loan of A$220 million approved by NAIF, up from a previously approved A$140 million; approved amount, not a drawn amount)

Immutable financial events

  1. Jan 17, 2023 · Conditional commitment

Operational milestones are displayed on the linked facility line, not duplicated in this ledger.

Sources