Hastings Technology Metals Limited · ASX:HAS
Hastings Technology Metals — Corporate Update (February 2024)
15 slides from Hastings Technology Metals's corporate update, Feb 16, 2024
Slide 1: Yangibana Project Economics Update
Yangibana Project Economics Update Integrated tolling and offtake agreement 16 February 2024 Hastings Technology Metals Ltd | ASX:HAS 1 Picture: 3D Render of Yangibana Beneficiation Plant (Mapability)
Slide 2: Disclaimer
DISCLAIMER DISCLAIMER This presentation has been prepared by Hastings Technology Metals Limited (“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
Slide 3: Strategic Highlights
STRATEGIC HIGHLIGHTS Integrated tolling and offtake agreement supports enhanced economics and builds on de-risking milestones for Yangibana Project • Senior management team in place with strong track record of project delivery • Yangibana Project is ‘shovel ready’ with $120 million1 invested to date
Slide 4: Integrated Tolling and Offtake Agreement
INTEGRATED TOLLING AND OFFTAKE AGREEMENT Higher rare earth oxide revenue achieved through competitive and fixed price offshore toll processing Increased payability for the Yangibana Project’s concentrate through outsourcing multi- Key Terms stage processing to mixed rare earth carbonate and rare ear
Slide 5: Improved Stage 1 Project Economics
IMPROVED STAGE 1 PROJECT ECONOMICS The Yangibana Project is fully permitted, long-life and high-margin Robust project economics Integrated Tolling and Improved metrics driven by move from previous Profit-Sharing Model Key Financial Outcomes (AUD) Offtake Model (May 2023) Variation domestic profit-sh
Slide 6: Yangibana Project's Basket Price Forecast
YANGIBANA PROJECT’S BASKET PRICE FORECAST Based on market consultants and the expected element composition for the Yangibana Project Average basket price and opex from first production to 20301 Expected gross basket price (US$/kg TREO) (real, 2024$)1 100 Market Base Case High Case Consultant / sourc
Slide 7: World-Class Asset
WORLD-CLASS ASSET The Yangibana Project’s average NdPr:Total Rare Earth Yangibana Revenue Oxide (“TREO”) ratio surpasses most global projects NdPr Dy Tb Other Average NdPr:TREO Ratio1 4% 3% 3% Sichuan (China) 14% Mountain Pass (US) 16% Kangankunde (Malawi) 20% Ngualla (Tanzania) 21% Bayan Obo (China
Slide 8: Advanced Project Development
ADVANCED PROJECT DEVELOPMENT 8
Slide 9: Strong Base to Ramp Up Construction
STRONG BASE TO RAMP UP CONSTRUCTION $142 million invested to date1 for Stage 1 of the Yangibana Project De-risked project delivery 500 503 Slight increase in capital cost to $503 million due to addition 470 of a concentrate dryer to meet product specifications and additional holding costs – remainin
Slide 10: Yangibana Project's Progress
YANGIBANA PROJECT’S PROGRESS Kurrbili Village SipHon Borefield Yangibana Airstrip SAG Mill Shell 10
Slide 11: Beneficiation Plant Construction
BENEFICIATION PLANT CONSTRUCTION $210 million Engineering, Procurement and Construction contract in place with GR Engineering Services1 GR Engineering Services Leading engineering and contracting company with strong track record of delivering integrated project solutions Cost certainty Fixed price c
Slide 12: Appendix
APPENDIX 12
Slide 13: Resources and Reserves
RESOURCES AND RESERVES Yangibana Rare Earths Project TOTAL JORC (2012) MINERAL RESOURCES (30 OCT 22)1 TOTAL JORC (2012) ORE RESERVES BY DEPOSIT (6 FEB 23)1 Category mt %TREO %NdPr TREO tonnes Deposit mt %TREO %NdPr NdPr: TREO Measured 4.97 0.96 0.37 47,721 Bald Hill 8.12 0.79 0.32 41 Indicated 19.51
Slide 14: Source Documents
SOURCE DOCUMENTS References PEER COMPRISON – NDPR:TREO RATIO Stage of Reserves Mine Ownership Ticker Capex (A$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 Ann
Slide 15: 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 15
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