• In this report, the effect of cooling rate in Hf 55 Cu 28 Ni 5 Al 12 alloy prepared by melt spinning and suction casting methods has been studied. • Decreasing cooling rate results in formation of Hf 2 Cu quenched-in nuclei in amorphous matrix in 3 mm cast rod. • Formation of Hf 2 Cu and Al 16 Hf 6 Ni 7 in amorphous matrix is observed by varying the cooling rate in 5 mm cast rod. • Presence of quenched in nuclei in 3 mm cast rod was confirmed through by kinetic calculations using a model considering pre-existing nuclei. • Hardness of 3 mm cast rod was estimated using modified spherical cavity model which was found to be close to experimentally observed value. • Fracture toughness of 3 and 5 mm cast rods was estimated based on vein length and crack length created during indentation. • 5 mm rod showed lower fracture toughness than 3 mm cast rod due to the presence of the secondary phases.
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