Hastings Technology Metals Limited · ASX:HAS
Hastings Technology Metals — Ord Minnett Conference 2024
33 slides from Hastings Technology Metals's conference presentation, Nov 20, 2024
Slide 1: Corporate Presentation
Picture: Yangibana Yangibana Yangibana RareRare Rare Earths Earths Earths Project &Western Project, Niobium Project Australia Corporate Presentation An afternoon with ORDS – Rare Earths Ord Minnett Conference 20 November 2024 Hastings Technology Metals Ltd | ASX:HAS 1 Hastings Technology Metals Ltd
Slide 2: Disclaimer, Forward Looking Statements, Competent Persons' Statement
DISCLAIMER This presentation has been prepared by Hastings Technology Metals Ltd (“Company” or “Hastings”). This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in the Company. This presentation h
Slide 3: Executive Summary
EXECUTIVE SUMMARY 3 Picture: Kurrbili Village
Slide 4: Snapshot - Yangibana
SNAPSHOT - YANGIBANA Yangibana AUSTRALIA Significant value upside from development of the Yangibana Rare Earths & Niobium Project Yangibana Project World-class project with robust economics Reserve inventory of 20.93mt containing 188kt of TREO3, supporting 17-year mine life $474m $480m Niobium Resou
Slide 5: Strategic Partnerships
STRATEGIC PARTNERSHIPS End users of rare earths concentrate About JL Mag (9.8% binding term sheet )1 Vertically integrated mine-to-magnet supply chain • World’s #1 producer of high-performance rare earth permanent magnets by volume REE magnet manufacturing facility and widely acknowledged as the wor
Slide 6: Climate Change Driving Strong Demand for Magnets
CLIMATE CHANGE DRIVING STRONG DEMAND FOR MAGNETS NdFeB magnets are power and energy efficient UN Climate Change Conference has pronounced NdFeB high performance magnet consumption1 by user category in 1.000mt CAGR that the world comes together to address a 140 2023-2030 climate crisis and target net
Slide 7: Strong Magnet Demand Driving Supply Deficit
STRONG MAGNET DEMAND DRIVING SUPPLY DEFICIT Supply gap forecast to increase during this decade, requiring around 8x Yangibana Projects NdPr market balance - (kt NdPr oxide), 2020-20401 Commentary Demand 180 • Price recovery underway with NdPr prices up 18% since a low in June 2024. 160 Demand expect
Slide 8: Yangibana - Unique Tier One Asset
YANGIBANA - UNIQUE TIER ONE ASSET World-class deposit with unrivalled high percentage of NdPr:TREO in the orebody in a tier one jurisdiction, supplying the critical raw Average NdPr:TREO Ratio1 materials for rare earth magnets Mountain Pass (US) 16% Kangankunde (Malawi) 20% NdPr is critical to the N
Slide 9: Operational Margin in First Quartile Globally
OPERATIONAL MARGIN IN FIRST QUARTILE GLOBALLY Favourable Rare Earths basket composition provides strong cash margins Operational margin curve, 2028, real 2024 US$/kg1 60 Due to its 37% NdPr:TREO LOM driving the high basket price, Yangibana is situated in the 1st quartile of the global cash margin cu
Slide 10: Yangibana Project Overview
Picture: Investor Site Tour YANGIBANA PROJECT OVERVIEW 10
Slide 11: Yangibana Project Snapshot
YANGIBANA PROJECT SNAPSHOT Fully permitted and high-margin project with multi- generational opportunities for the Gascoyne region 17-year 20.9mt1 Life-of-mine Ore Reserves 37% High margins Average NdPr:TREO ratio over life of First quartile on global operational mine, driving higher realized rare ma
Slide 12: Yangibana Project Progress
YANGIBANA PROJECT PROGRESS Early infrastructure completed and long lead time items available Kurrbili Village - 294 rooms fully commissioned with medical Yangibana Airstrip - 2km in length, suitable for planes up to 70 Site Access Roads - 20km site access road to connect the Yangibana centre, sports
Slide 13: Beneficiation Plant Construction
BENEFICIATION PLANT CONSTRUCTION EPC contract with leading engineering and construction firm GR Engineering Services $201m contract 1 Fixed price lump sum contract Key benefits Lowers project delivery risks, lower cost, greater certainty on timeframe, process and product quality guarantees Performan
Slide 14: Rare Earth Beneficiation Flow Sheet
RARE EARTH BENEFICIATION FLOW SHEET Conventional flotation process which has been extensively tested and de-risked Feed grade of ~1% TREO Concentrate grade of ~27% TREO Float Regrind Crush Grind Float Regrind Float Dry/bag Planned Niobium >100 bench scale tests circuit Completed at four commercial l
Slide 15: Capital Costs
CAPITAL COSTS Unuse y t in d genc Con $156m capital investment1 provides strong base to ramp up construction. $291m remaining capital cost. $156m Capital Cost incurred1 d te $27m ple Represents 33% of total capital cost (including contingency) $30m om Non-Processing Infrastructure dy C $126m investe
Slide 16: Niobium - Additional By-Product Credit Revenue Stream
NIOBIUM – ADDITIONAL BY-PRODUCT CREDIT REVENUE STREAM 16 Photo: Viaduct de Millau bridge in Southern France made 60% Lighter Due to the Use of Niobium
Slide 17: Niobium Market
NIOBIUM MARKET Niobium is a critical and strategic mineral Niobium Demand Drivers3 ~90% of the world’s niobium produced by Brazil1 Listed as a critical mineral by the US, Australia2, India, Japan, China and the EU. Ranked number 2 out of 50 on the US Critical Minerals List1 Majority of niobium used
Slide 18: Maiden Niobium Resource at Yangibana
MAIDEN NIOBIUM RESOURCE AT YANGIBANA1 Measured and indicated category released in September 2024 Maiden Niobium Pentoxide Measured and Indicated Mineral Resource now 6.7Mt at 2,305ppm for 15,501t Nb2O5 Niobium (Nb2O5) concentrations occur in the form of mineral ferro-columbite at the Yangibana Proje
Slide 19: Resource and Reserve Upside
RESOURCE AND RESERVE UPSIDE Significant exploration targets providing growth optionality (Rare Earths and Niobium) Exploration focus Priority areas identified to expand mine life beyond initial 17-years and provide significant additional upside to build long-term value for shareholders 66km strike l
Slide 20: Economics, Finance & ESG
ECONOMICS, FINANCE & ESG 20 Photo: Yangibana Airport
Slide 21: Green Finance and ESG
GREEN FINANCE AND ESG Yangibana Project will produce critical minerals to power the energy transition Second Party Opinion Hastings Green Bond Financing Framework and Carbon Reduction Transition Plan reviewed by DNV • ESG Credentials1 • Project financing will be aligned with the International Capita
Slide 22: Project Economics
PROJECT ECONOMICS Robust Financial Metrics $865m 31.28% 3.4 years Post-tax NPV11 (ungeared) Post-tax IRR (ungeared) Payback period $9,639m $3,345m $258m Net revenue (Life-of-Mine) Free cash flow (Life-of-Mine) Average EBITDA per annum Key Material Assumptions / Updates The Base Case Financial Model
Slide 23: Yangibana Project's Basket Price Forecast
YANGIBANA PROJECT’S BASKET PRICE FORECAST Based on market consultants and the expected rare earth element composition for the Yangibana Project Average basket price first production to 2030 Expected gross basket price (US$/kg TREO) (real 2024$) Commentary US$/kg 60 Up to 52% NdPr composition in cert
Slide 24: Strategic Highlights
STRATEGIC HIGHLIGHTS Summary World-class rare earth deposit with high proportion of neodymium and praseodymium (average of 37% over mine life) in the rare earth basket1 Ideally placed to produce minerals critical for the global energy transition and meet expected supply deficit Initial 17-year Life-
Slide 25: Appendix
APPENDIX 25
Slide 26: Yangibana Project - Peer Comparison
YANGIBANA PROJECT – PEER COMPARISON PEER COMPRISON – NDPR:TREO RATIO Ore Reserves Ore Reserves Ore Reserves Ore Reserves Ore Reserves Ore Reserves NdPr:TREO Majority / Full Stage of (Proved) (Proved) (Probable) (Probable) (Total) (Total) ratio1 Mine Ticker Capex (A$m) Source Ownership Development Mt
Slide 27: Yangibana Project - Resources and Reserves
YANGIBANA PROJECT – RESOURCES AND RESERVES MINERAL RESOURCES AND ORE RESERVES1 TOTAL JORC (2012) MINERAL RESOURCES (30 OCTOBER 2022) Category mt %TREO %NdPr TREO tonnes Yangibana Measured 4.97 0.96 0.37 47,721 Category mt %TREO %NdPr TREO tonnes Indicated 19.51 0.88 0.32 171,936 Measured - - - - Sub
Slide 28: Board of Directors
BOARD OF DIRECTORS Highly experienced and credentialed Board Charles Lew Guy Robertson Jean Claude Steinmetz Neil Hackett Mal Randall Executive Chairman Executive Director / Non-Executive Director Non-Executive Director / Non-Executive Director (Chair, ESG Committee) Joint Company Secretary Joint Co
Slide 29: Experienced Senior Management
EXPERIENCED SENIOR MANAGEMENT Strong leadership team Charles Lew Tim Gilbert Teck Lim Vince Catania Peter Phan Dr Louis Schürmann Brianna Kent Executive Chairman Chief Operating Officer Chief Financial Officer GM - Corporate Project Director Chief Geologist Human Resources Manager • Took over Hastin
Slide 30: Equipment Procured and in Storage in Perth
EQUIPMENT PROCURED AND IN STORAGE IN PERTH Significant Long Lead Time Items available for deployment Hydrometallurgical Equipment Pumps and Equipment Load Bin, OffGas Scrubber and Uranium Removal Circuit 30
Slide 31: Hastings' Strategy
HASTINGS’ STRATEGY Building on the long-life of the Yangibana Project to unlock value through downstream processing opportunities Rare Earth Mixed Rare Earth Concentrate Carbonate Rare Earth Oxides Metals and Alloys Permanent Magnets Mining and Beneficiation Processing Separation Refining Manufactur
Slide 32: Our Vision and Values
Our Vision and Values To be a leading Australian producer of rare earth minerals needed to meet the global transition to renewable energy and advanced technologies. >Passion > Teamwork We are loyal to the project and work We are honest and work as one team to passionately to deliver our vision. achi
Slide 33: hastingstechmetals.com
Hastings Technology Metals Limited ABN 43 122 911 399 Level 6, 197 St Georges Level 3, 5Terrace Mill St Perth Western Australia 6000 Follow us on T: +61 8 6117 6118 E: info@hastingstechmetals.com hastingstechmetals.com 33
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