Hastings Technology Metals Limited · ASX:HAS
Hastings Technology Metals — Investor Presentation (July 2026)
28 slides from Hastings Technology Metals's investor presentation, July 2026
Slide 1: Accelerating Towards Rare Earth Production
ASX:HAS ACCELERATING TOWARDS RARE EARTH PRODUCTION Delivering an Integrated Mine to Market Strategy Corporate Presentation July 2026 1
Slide 2: Disclaimer
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: Contents
CONTENTS Hastings Snapshot 4 Yangibana Joint Venture REE & Nb 5 Project Thailand Hydromet Processing Plant 9 Timeline 18 Appendix 21 3
Slide 4: Hastings Snapshot
HASTINGS SNAPSHOT A mine-to-market rare earths company, with near-term revenue Thailand Hydromet Plant1 Yangibana JV Project2 › Acquired 49% interest in Thai MREC › Australia's highest-grade NdPr plant, first MREC targeted Q1 2027, for project: 37% avg NdPr:TREO (≥52%). maiden cash flow. › 20.9Mt Or
Slide 5: Yangibana REE & Nb Project
20.9Mt Yangibana REE JORC Ore Reserve & Nb Project 37% AUSTRALIA’S HIGHEST-GRADE Avg NdPr:TREO NdPr RARE EARTHS PROJECT – FULLY PERMITTED, SHOVEL- READY A$160M+ Capital Spent To Date Joint Venture (UJV)1 A UJV with HAS and Wyloo, with HAS retaining a 40% interest of project revenue and free cash flo
Slide 6: Yangibana Stage 1 Updated DFS Confirms De-Risked Pathway to Production
YANGIBANA STAGE 1 WITH Updated DFS Confirms De-Risked Pathway to Production Luca Giacovazzi (CEO, Wyloo): PRE-TAX NPV8 STAGE 1 CAPITAL COST $649M $333.4M “Yangibana’s updated DFS reinforces its status as a capital-light rare earth project with a short runway to production. Benefiting from significan
Slide 7: Yangibana JV Resource & Reserve Summary
YANGIBANA JV RESOURCE & RESERVE SUMMARY World-Class NdPr Grade Current Resource NdPr:TREO Grade Comparison over 24km strike Yangibana's 37-52% NdPr:TREO ratio is ~2x the global average, producing 42km exploration proportionally more magnet-critical material per tonne. strike 60 52% NdPr:TREO 50 37%
Slide 8: Infrastructure Built and Fully Permitted
INFRASTRUCTURE BUILT AND FULLY PERMITTED WITH A$160M spent on mine infrastructure & long-lead equipment1 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 ce
Slide 9: Thailand Hydromet Processing Plant
Thailand Hydromet Processing Plant A CAPITAL-EFFICIENT, NEAR- TERM REVENUE PATHWAY Refer ASX Announcement “Hastings Acquires Hydromet Plant” dated 31 March 2026 9
Slide 10: Thailand Hydro Plant
THAILAND HYDRO PLANT Strategically located MREC processing facility Location Kabin Buri, Thailand - 175km from Laem Chabang deep-water port. Facility Purpose-built Modular hydrometallurgical facility. Planned Output 10,000tpa of feed / approx. 12,000tpa MREC output, an increase in planned output of
Slide 11: The Hydromet Process
THE HYDROMET PROCESS Thailand Plant Flowsheet Mixed Rare Earth Chloride Production Feedstock Flexibility Stage 1: African sourced monazite concentrates Stage 2: Yangibana and third-party 7-Step Hydromet Process 1. Grinding 2. Caustic Cracking 3. Leaching & Filtration 4. Acid Dissolution 5. Purificat
Slide 12: Thai Plant Processing Strategy vs Traditional Processing
THAILAND HYDROMET PLANT Thai Plant Processing Strategy vs. Traditional (Sulfuric Acid) Processing HCl H2SO4 Thai Plant Caustic Crack Traditional Sulfuric Acid + Hydrochloric Acid Roast Plant ~20% Price Premium Multiple Stirred Tank Reactors PRIMARY (Parallel) EQUIPMENT Single Large Rotary Kiln MREC
Slide 13: Thai Plant Economics and Deal Structure
THAI PLANT ECONOMICS AND DEAL STRUCTURE Estimated Near-Term Revenue Opportunity Deal Structure US$98.4M US$15.5M US$17.5M Ownership %: 49% of the Thai Plant. Year 1 Gross Revenue Year 1 HAS 49% Pre- Year 2 HAS 49% Pre- (100%) Tax Profit Tax Profit Deposit: US$500K upfront deposit. Equity: US$8M in n
Slide 14: Thailand Hydromet Plant: Early pre-commissioning works commenced
THAILAND HYDROMET PLANT Early pre-commissioning works commenced 1 Refer ASX Announcement “Planned increase of Thailand MREC Plant Output Capacity to 12,000 tpa” dated 15 July 2026 14
Slide 15: Thailand Advantage
THAILAND ADVANTAGE Fiscal & Geopolitical Support ~4x 13yr 175km 2025 Lower indicative BOI Corp Tax From Laem Chabang US-Thailand Critical OPEX vs remote WA exemption target deep-water port Minerals MOU Tier-1 Infrastructure US-Thailand MOU Kabin Buri industrial area provides access Directly supports
Slide 16: Board of Investment (BOI)
BOARD OF INVESTMENT (BOI) Preparation for application underway Supportive Foreign Investment Established and supporting govt agency offering a suite of fiscal concessions for qualifying advanced manufacturing projects. Key Benefits If approved, BOI promotion would provide: • Corporate income tax exe
Slide 17: Timeline & Value Catalysts
TIMELINE & VALUE CATALYSTS The Road to Revenue: Key Milestones 2026-2028. Q4 CY25 Q1 CY26 Q2 CY26 Q3 CY26 Q1 CY27 H2 CY27 Commenced Acquisition of Completed Enuo Commence site 10,700tpa MREC Commence 12- technical and 49% Interest African Monazite works (early output capacity month plant commercial
Slide 18: Continued Critical Minerals Tailwinds
CONTINUED CRITICAL TIER-1 ASSET, HIGH- DE-RISKED PATH TO THAI PLANT: NEAR- SIGNIFCANT RE- ESTABLISHED ACCESS MINERALS TAILWINDS GRADE NdPr PRODUCTION TERM REVENUE RATE POTENTIAL TO GLOBAL OFFTAKE Structural NdPr 37% NdPr:TREO ratio DFS confirms robust Near-term revenue Permitted Hydromet PARTNERS de
Slide 19: 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. achieve
Slide 20: Hastings Technology Metals Limited
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 20
Slide 21: Appendix
APPENDIX 21
Slide 22: Yangibana JV Project Resources and Reserves
YANGIBANA JV 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 - - - - Su
Slide 23: Yangibana Project Peer Comparison
YANGIBANA PROJECT PEER COMPARISON PEER COMPARISON – 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 24: Supply & Demand Driven by Magnets Demand
SUPPLY & DEMAND DRIVEN BY MAGNETS DEMAND Magnet demand drives projected supply deficit NdFeB high performance magnet consumption1 by user category in 1.000mt NdPr market balance - (kt NdPr oxide), 2020-20401 CAGR kt 2025-2040 180 500 CAGR 160 447 450 +11.02% p.a. 391 59 6.49% 140 400 39% Supply 57 2
Slide 25: African Monazite Feedstock
AFRICAN MONAZITE FEEDSTOCK Enuo Framework Binding Offtake Agreement (FOA) Product Estimated REE Composition African Monazite Concentrate. NdPr (Nd + Pr) Minimum Grade 20.0% TREO ≥54% TREO on dry basis (excl thorium). Annual Volume Primary magnet elements | EV & wind turbine magnets Minimum 10,000 tp
Slide 26: Updated DFS Key Metrics Summary
UPDATED DFS KEY METRICS SUMMARY Stage 1 Life Of Mine Project Physicals 2.5 Proved Probable Key Project Physicals 2.0 Metric DFS Update ROM Ore (Mt) 1.5 Life of Mine 19-years 1.0 Annual Ore Feed 1.2Mtpa (nameplate capacity) 0.5 20.93Mt @ 0.90% Total Ore Reserves 0.0 TREO -1 1 2 3 4 5 6 7 8 9 10 11 12
Slide 27: Updated DFS Key Metrics Summary
UPDATED DFS KEY METRICS SUMMARY Stage 1 Financials Summary Key Project Financials AISC Total revenue NdPr % $600 100% Metric DFS Update CASH FLOW $208.6M $500 90% 80% Product Revenue ($M) Pre-tax NPV8 (ungeared) A$649M Total costs per annum 70% % NdPr Revenue $400 60% Pre-tax IRR (ungeared) 34% $300
Slide 28: Glossary
GLOSSARY µm micrometre, metric unit of measure for length equal to 0.001 mm HREO Heavy Rare Earth Oxide Project Yangibana Rare Earths & Niobium Project ANSTO Australian Nuclear Science and Technology Organisation Hydromet Hydrometallurgical Plant Pr6O11 Praseodymium oxide ASX Australian Se
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