Hastings Technology Metals Limited · ASX:HAS
Hastings Technology Metals — Mineral Sands and Rare Earths Conference 2024
25 slides from Hastings Technology Metals's conference presentation, Mar 19, 2024
Slide 1: Yangibana Rare Earths Project
Mineral Sands and Rare Earths Conference Yangibana Rare Earths Project Tim Gilbert Executive General Manager Mining Operations 19 March 2024 Hastings Technology Metals Ltd | ASX:HAS 1
Slide 2: Disclaimer and Competent Persons' Statement
DISCLAIMER COMPETENT PERSONS’ STATEMENT DISCLAIMER This presentation has been prepared by Hastings Technology Metals The information in this presentation relating to Mineral Resources and Limited (“Company” or “Hastings”). This presentation is not an offer, Ore Reserves have been prepared by a Compe
Slide 3: Corporate Snapshot
CORPORATE SNAPSHOT Significant value upside from development of the Yangibana Rare Earths Project (“Yangibana Yangibana Project Project”) Reserve inventory of 20.9mt with high NdPr:TREO ratio Current mine life of 17 years with significant upside Investment of $142 million in early works $0.63 $81.5
Slide 4: 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 5: Project Overview
PROJECT OVERVIEW 5
Slide 6: 13x Yangibana Projects to Meet 2032 Demand
13X YANGIBANA PROJECTS TO MEET 2032 DEMAND Supply deficit for rare earths driven by growth in demand for permanent magnets this decade Global REO Magnet Demand – Anticipated Growth1 NdPr Oxide – Forecast Supply and Demand Balance Electric Vehicles / mobility Wind Power Industrial Consumer Other Supp
Slide 7: Unique Tier One Asset
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 Sichuan (China) 14% Mountain Pass (US) 16% Kangankunde (Malawi) 20% NdPr is critical
Slide 8: Yangibana Project Snapshot
YANGIBANA PROJECT SNAPSHOT1 Fully permitted and high-margin project with multi- generational opportunities for the Gascoyne region 17 years 20.9mt Life of mine Ore Reserves 37% High margins Average NdPr:TREO ratio over life of First quartile on global operational mine, with up to 52% in certain part
Slide 9: Project Execution Significantly De-risked
PROJECT EXECUTION SIGNIFICANTLY DE-RISKED Yangibana Project is shovel ready and fully permitted to move into development Key Workstreams Execution and cost Technical and regulatory Commercial and funding Operational Readiness management • Fully permitted for development • $210 million EPC contract a
Slide 10: Capital Costs
CAPITAL COSTS $142 million capital investment1 provides strong base to ramp up construction $52 $22 Non-Processing Infrastructure $120 million invested to date1 in finalising early site works • Kurrbili Accommodation Village • Yangibana Airstrip • SipHon Well Borefield $120 $503m • Site Access Roads
Slide 11: Yangibana Project's Progress
YANGIBANA PROJECT’S PROGRESS Kurrbili Village SipHon Borefield Yangibana Airstrip SAG Mill Shell 11
Slide 12: Mining Schedule
MINING SCHEDULE1 3.0 Life of mine optimised mining sequence by orebody 2.5 Focus on first five year to identify cost saving and Ore Tonnes Mined (Mt) enhance economic returns 2.0 1.5 1.0 Lower strip ratio 0.5 Mining model is strategically designed to target zones with well-defined grade and strip ra
Slide 13: Beneficiation Plant Construction
BENEFICIATION PLANT CONSTRUCTION EPC contract in place with leading engineering and construction firm GR Engineering Services $210 million contract1 Fixed price lump sum portion of $180 million and provisional sum portion of $30 million Key benefits Lowers project delivery risks, lower cost, greater
Slide 14: Beneficiation Process
BENEFICIATION PROCESS Conventional flotation process which has been extensively tested and de-risked Feed grade of 1% TREO Recovered grade of ~27% TREO Crushing Grinding Regrinding Flotation >100 bench scale tests Completed at four commercial labs to develop robust beneficiation flowsheet >80 variab
Slide 15: Operating Sustainably
OPERATING SUSTAINABLY Leading ESG credentials outperforming our peers and competitors in sustainability performance Health and Safety Climate Change Five years lost time injury free Commitment to minimum 40% renewables allowed for in capital forecast for Yangibana power station Public benefit Cultur
Slide 16: Project Economics and Offtake Arrangements
PROJECT ECONOMICS AND OFFTAKE ARRANGEMENTS 16
Slide 17: Building a Diversified Customer Base
BUILDING A DIVERSIFIED CUSTOMER BASE1 Higher rare earth oxide revenue achieved through an integrated offtake and processing arrangement with negotiations underway to conclude similar arrangements for remaining volumes within thyssenkrupp framework Increased payability for the Yangibana Project’s con
Slide 18: Robust Project Economics
ROBUST PROJECT ECONOMICS1 Improved metrics driven by move from previous domestic profit-sharing model to realising 100% of net revenue, as well as lower processing fees under the Baotou Skyrock agreement $865 million 61% 31.28% 14% 3.4 years 23% Post-tax NPV11 (ungeared) Post-tax IRR (ungeared) Payb
Slide 19: Future Growth Optionality
FUTURE GROWTH OPTIONALITY 19
Slide 20: Resource and Reserve Development
RESOURCE AND RESERVE DEVELOPMENT Significant exploration targets providing growth optionality Exploration focus Priority areas identified to expand mine life beyond initial 17 years to build long-term value for shareholders 66km strike length Significant exploration upside with only one-third of str
Slide 21: Strategic Highlights
STRATEGIC HIGHLIGHTS Significant progress made to de-risk the pathway to first concentrate production in 2026 World-class rare earth deposit with high proportion of neodymium and Globally significant praseodymium (average of 37% over mine life) in the rare earth basket, world-class asset producing m
Slide 22: Our Vision and Values
Our Vision and Values To be a leading Australian producer of rare earth minerals needed to meet the global transition to renewable energy and advanced technologies. >Passion > Teamwork We are loyal to the project and work We are honest and work as one team to passionately to deliver our vision. achi
Slide 23: hastingstechmetals.com
Hastings Technology Metals Limited ABN 43 122 911 399 Level 6, 197 St Georges Terrace Perth Western Australia 6000 Follow us on T: +61 8 6117 6118 E: info@hastingstechmetals.com hastingstechmetals.com 23
Slide 24: Appendix A: Source Documents
APPENDIX A: SOURCE DOCUMENTS PEER COMPRISON – NDPR:TREO RATIO Stage of Reserves Mine Ownership Ticker Capex (A$m) TREO Grade Category NdPr:TREO ratio Source Development Tonnage (mt) Proven and Yangibana Hastings Technology Metals Ltd HAS:ASX Pre-production 503 20.93 0.90% 37% 6 February 2023: ASX An
Slide 25: Appendix B: Corporate Structure
APPENDIX B: CORPORATE STRUCTURE Separate ring-fenced funding structures with Wyloo convertible note secured over Neo shares Hastings Technology Metals Limited (ASX: HAS) 100% 100% Gascoyne Metals Pty HTM Investments (One) Yangibana Project encompasses 100% Ltd Pty Ltd owned tenements through Yangiba
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