Hastings Technology Metals Limited · ASX:HAS

Hastings Technology Metals — Hastings Rare Metals — Technology Metals Summit 2013

25 slides from Hastings Technology Metals's conference presentation, Apr 23, 2013

  1. Slide 1: Hastings Presentation – Toronto Technology Summit

    Hastings Rare Metals Limited ABN 43 122 911 399 Level 9, 50 Margaret Street Sydney NSW 200 Australia PO Box R933 Royal Exchange NSW 1225 Australia Phone: +61 2 9078 7674 · Fax: + 61 2 9078 7661 www.hastingsraremetals.com 23 April 2013 For personal use only ASX Announcement Hastings Presentation – To

  2. Slide 2: Heavy Rare Earths: A Strategic Opportunity

    For personal use only Heavy Rare Earths A Strategic Opportunity Technology Metals Summit | April 2013 Hastings Rare Metals

  3. Slide 3: Important information

    Important information All currency amounts are in AUD$ unless stated otherwise. Disclaimer This presentation has been prepared by Hastings Rare Metals Limited (“Company”). It does not purport to contain all the information that a prospective investor may require in connection with any For personal u

  4. Slide 4: Current World Class HREO projects

    Current World Class HREO projects Advanced Rare Earth projects, sorted by contained tonnes of HREO* For personal use only Deposit Company JORC Resource GRADE % HREO:TREO Contained Contained Co-products Resource mt TREO HREO HREO t Dy2O3 1. Strange Lake Quest Y 492.5 0.9 0.33 37% 1,651,000 148,980 Zr

  5. Slide 5: Predicted major shortfall

    Predicted major shortfall Dysprosium oxide supply/demand For personal use only Critical Supply Matrix (5-15yr) Hastings Tonnes p.a. 23% supply REE mix shortage 4,000 3,447 3,500 3,000 2,799 2,500 2,240 2,000 1,902 Supply Demand 1,500 1,377 1,353 1,000 500 0 2010 2015 2020 Based on IMCOA and Oko-Inst

  6. Slide 6: China supplies +95% of rare earths

    China supplies +95% of rare earths For personal use only Recent initiatives by China › Imposed export quotas, then reduced to Light rare earth: ample supply ~30,000tpa (2010) › Prohibited new operations/expansions (2012) › Eliminating 20% of processing capacity (2012) › Concentrating supply to a few

  7. Slide 7: Potential Dy supply from Light rare earth producers

    Potential Dy supply from Light rare earth producers For personal use only 1tpa Dy Very limited supply from light rare earth producers outside China 14tpa Dy New mines need a Others ? high LREO price and higher demand 6 Hastings Rare Metals

  8. Slide 8: Only a few advanced Heavy rare earth projects

    Only a few advanced Heavy rare earth projects For personal use only Possible Dy Current Project Project production Supplying mine life Location (tpa) Strange Lake 470 > 100 Canada USA Norra Karr 320 40 Sweden Europe Hastings 140-200 >25 Australia ?? Zeus (Kipawa) 185 13 Canada USA Kutessay n/a n/a K

  9. Slide 9: Dy is highly valuable to the Western World

    Dy is highly valuable to the Western World For personal use only Critical for Hybrid cars. Wind turbines, high-tech applications 8 Hastings Rare Metals

  10. Slide 10: Dysprosium in magnets

    Dysprosium in magnets › Dysprosium added to magnets in the generator: For personal use only • Eliminates the gearbox (direct drive) and reduces weight • Less maintenance and improved performance • HAS = 20,000 3MW units or 60GW/year GE wind turbine generator › Dysprosium added to magnets in drive sy

  11. Slide 11: Yttrium and Niobium also of strategic value

    Yttrium and Niobium also of strategic value 39 Yttrium is used predominantly in For personal use only Y phosphors › Monitors, TVs, LEDs › iPad, phones › Lasers, filters, superconductors A “Critical Metal” 41 Niobium agent is used predominantly as an Nb alloy › Structural steel › Auto industry › Elec

  12. Slide 12: Key reasons to invest in Hastings

    Key reasons to invest in Hastings For personal use only Rare earths are indispensible Our Vision To become an essential supplier of heavy › Used extensively in modern manufacturing rare earths for high tech industries › Minimal practical substitution or recycling Heavy rare earths have strategic val

  13. Slide 13: The Hastings project (100%)

    The Hastings project (100%) › Largest heavy rare earth project in Australia, For personal use only fourth largest globally* › Resources for +25 years at 1mtpa › To produce over 10,000tpa, including: 140tpa Dysprosium oxide Heavy 830tpa Yttrium oxide Rare 590tpa Mixed rare earth oxide earths 2,630tpa

  14. Slide 14: Existing JORC Resource

    Existing JORC Resource › Existing Resource sufficient for +25 year mine life For personal use only › Outcrops at surface › Open at depth and along strike › A large & efficient open pit operation › 36.2 million tonnes Indicated and Inferred JORC Resource* at 0.21% TREO (0.18% HREO), plus 0.35% Nb₂O₅

  15. Slide 15: Hastings deposit dimensions

    Hastings deposit dimensions For personal use only Surface Longitudinal section from the east  Efficient open cut mine  Mineralisation from surface Surface  Consistent grade and Viewed from the south metallurgy HREO GRADE  Resource is open to the north and south Shows Indicated Resources excludin

  16. Slide 16: Southern Extension

    Southern Extension › Recent mapping and sampling has identified the potential of the Southern Extension to add to the existing Resource For personal use only › There is potential for higher grade mineralisation › At-Surface folding indicates potential for lower strip ratio Mineralised outcrop at sou

  17. Slide 17: Metallurgical success

    Metallurgical success For personal use only Bulk solution handling at ANSTO Multi-stage solvent extraction at ANSTO › ANSTO (Australian Government) scientists completed extensive test work and experiments › Time and cost advantage from historical work › Metallurgical recoveries of 75% for Dysprosium

  18. Slide 18: Process design and flow sheet determined

    Process design and flow sheet determined For personal use only  Process designed  Flow sheet determined  Optimisation work continues Sulphation Rare metals Rare earths HREO Grind Leaching baking extraction extraction purification Hastings Rare Metals 17

  19. Slide 19: Attractive economics

    Attractive economics* For personal use only › 25 years mine life from existing Resource › Producing oxides of: Tonnes % world p.a. supply Dysprosium 140 10% Yttrium 830 6% Mixed heavy rare earths 590 n/a Niobium 2,630 ±3% Zirconium 6,170 <1% Port of Wyndham $720m Capital costs (excluding contingenci

  20. Slide 20: The Yangibana project (60%)

    The Yangibana project (60%) › Exploration Licences covering 320sq km For personal use only › Surface rock chip samples to 19.4% TREO › Limited drilling indicates average grade of 1.6% TREO › Very high neodymium oxide grade averaging 4000ppm Nd₂O₃ or 25% of TREO › Elevated europium oxide grade (115pp

  21. Slide 21: The Yangibana project

    The Yangibana project RC DRILLING RESULTS INCLUDED For personal use only Prospect m %TREO Yangibana North 7 2.21 8 2.78 4 1.83 6 2.40 Gossan 3 2.12 The Lion's Ear 4 1.80 4 2.05 4 2.73 3 1.78 4 1.77 Hook South 2 1.65 Kane's Gossan 8 1.43 5 1.18 Yangibana 2 1.25 ROCK CHIP SAMPLES INCLUDED No of Yangib

  22. Slide 22: Strong board & management

    Strong board & management Tony Ho Guy Robertson Steve Mackowski Chairman Executive Director Technical Director • +25 years CFO For personal use only • Director of Brazin, • +30 years technical and Bioxyne, Dolomatrix, experience operational experience Greenland Minerals, • Former senior finance in r

  23. Slide 23: Significant milestones achieved

    Significant milestones achieved For personal use only JORC compliant Resource Nov-11 ANSTO validates sulphation and Water Leach flowsheet Jul-12 case Scoping Study defines operating parameters and confirms strong business Sept-12 Primary solvent extraction of valuable minerals successful Nov -12

  24. Slide 24: Additional information

    Additional information ASX Code – HAS, HASO For personal use only Shares on issue 167 million Listed options Major shareholders 81 million (15c March 2014) Unlisted options 5 million Singapore investor 6% Australian Market capitalisation (at 6c) $10 million investor 15% Cash (March 2013) $3 million

  25. Slide 25: Key reasons to invest in Hastings

    Key reasons to invest in Hastings For personal use only Rare earths are indispensible Our Vision To become an essential supplier of heavy › Used extensively in modern manufacturing rare earths for high tech industries › Minimal practical substitution or recycling Heavy rare earths have strategic val

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