Hastings Technology Metals Limited · ASX:HAS
Hastings Technology Metals — Investor Presentation (August 2021)
20 slides from Hastings Technology Metals's investor presentation, Aug 2, 2021
Slide 1: Australia's Next Rare Earth Producer
Hastings Technology Metals Ltd AUSTRALIA’S NEXT RARE EARTH PRODUCER Enabling revolution towards green technologies Hastings Technology Metals Limited (HAS.ASX)
Slide 2: Disclaimer
Disclaimer All currency amounts are in A$ unless stated otherwise. Disclaimer This presentation has been prepared by Hastings Technology Metals Limited (“Company”). It does not purport to contain all the information that a prospective investor may require in connection with any potential investment
Slide 3: Permanent Magnets – Rare Earths in Everyday Use
Permanent Magnets – Rare Earths in Everyday Use Hastings Technology Metals Limited (HAS.ASX) 3
Slide 4: What are Rare Earths?
What are Rare Earths? LIGHT RARE EARTHS Critical to renewable energy Hastings Technology Metals Limited (HAS.ASX) 4
Slide 5: Project Milestones – Yangibana Project, exploring since 2014
Yangibana Project – exploring since 2014 Jul 20 PROJECT MILESTONES Finnvera In Principal Eligibility Oct 19 April 21 Feb 19 Jun 20 EPCM contract TK Offtake Nov 17 Successful 2nd pilot Schaeffler signed with DRA Contract Native Title plant test Higher Master Supply Global signed agreement yield Agree
Slide 6: Australia's Next Rare Earth Producer
Australia’s Next Rare Earth Producer Upstream - Yangibana mine site location Downstream – Onslow hydrometallurgical location 436 km Gascoyne Beneficiation Final product Pilbara Region, upgrading to 25x ore grade 15,000tpa MREC Region, (Mixed Rare Earth Carbonate) Product Western Western containing 3
Slide 7: Yangibana Project – Exceeding On All Key Metrics
Yangibana Project – Exceeding On All Key Metrics Mineral Resource ~37% NdPr content (double industry avg) Source: Ord Minnett Dec 2020 Yangibana MREC – unrivalled basket price Low capital Intensity – A$M Source: Ord Minnett Dec 2020 Source: Ord Minnett Dec 2020 Hastings Technology Metals Limited (HA
Slide 8: Yangibana Project – Exceeding On All Key Metrics
Yangibana Project – Exceeding On All Key Metrics Highest Margin Operation Board 90% of Directors of Yangibana revenues - NdPr Tb, 4% Rest,… Dy, 4% NdPr Dy Tb NdPr, 90% Rest Source: Ord Minnett Dec 2020 Hastings Technology Metals Limited (HAS.ASX) 8
Slide 9: Is grade King? its all about composition and upgrade
Is grade King? its all about composition and upgrade Simon’s Find vs Deposit A Simon’s Find vs Deposit A kgs NdPr metal in Con Mine Head Grade Beneficiation Grade kgs NdPr metal 100.9 in Con Deposit % TREO NdPr:TREO % NdPr % TREO % NdPr Bene Con Con Upgrade 87.5 Simon’s 0.57 52% 0.30 19.4 10.3 34 Fi
Slide 10: Yangibana – A World Class Rare Earth Deposit
Yangibana – A World Class Rare Earth Deposit Fully permitted, ready to get delivered 11 Mineral Resource of up to 52% NdPr per kg TREO 2 Beneficiation upgrades concentrate up to 27% TREO 3 Location Gascoyne Region, Western Australia Ore Resources 27.42Mt @ 0.97% TREO Ore Reserve 16.7 Mt @ 0.95% TREO
Slide 11: Yangibana – A Rare-Class Rare Earth Deposit
Yangibana – A Rare-Class Rare Earth Deposit Fully permitted, ready to get delivered 11 Mineral Resource of up to 52% NdPr per kg TREO 2 Hydro upgrades concentrate up to 59% TREO 3 Location Onslow Region, Western Australia Final Product Mixed Rare Earth Carbonate MREC Grade 59% MREC Volume 15,000 tpa
Slide 12: Exploration – 2020 Drilling Program
Exploration – 2020 Drilling Program • Significant mineralisation extension now up to 8km long • The Fraser’s - Simon’s Find - Bald Hill trend forms an 8km-long economic mineralised corridor. • These results are significantly higher than the 40-41% values recorded from the nearby Bald Hill and Fraser
Slide 13: Offtakes & Commercial Strategy
Offtakes & Commercial Strategy ~77% of production contracted for first 5 years Offtake Counterparty Master Supply Agreement * Contract Status Contract signed 2021 Contract signed 2018 Signed Jun-2019 Quantity 50,000t MREC 70,000t MREC 2,500t MREC p.a. Tenor 10 years 10 years 5 years fixed term Ongoi
Slide 14: Strong Market Outlook – Supply Gap Widening
Strong Market Outlook – Supply Gap Widening 121 1. Annual NdFeB shortages of 48,000t expected by 2030. 25-30 million • Global shortage of NdFeB alloy expected to be 48,000tpa by 2030* EV motors 22 Annual NdPr oxide shortages of 16,000t expected by 2030. • Global shortage of NdPr and Dy oxide supply
Slide 15: Strong Market Outlook – Demand Forecast
Strong Market Outlook – Demand Forecast PERMANENT MAGNETS 1 6-7% CAGR to 2030 1 2 2 Strong Magnets demand the driving force for NdPr price increase 3 Only projects with high NdPr compositions will succeed Source: Roskill 2020 Hastings Technology Metals Limited (HAS.ASX) 15
Slide 16: Yangibana Project Summary
Yangibana Project Summary KEY FACTS Phase One Enabling Infrastructure Mining Production (Ore) 1.2 Mtpa Mine Life 15 years ➢ Early works commenced; Process Recovery 76% ✓ 340 camp rooms on site Annual (MREC) production ~15,000 tpa ✓ Airstrip construction Annual (TREO) production ~8,500 tpa Average (N
Slide 17: Project Funding and Overview
Project Funding CORPORATE Project KPIs Requirements and OVERVIEW Project Funding Requirements Yangibana Hydromet Plant – Pilbara Region Overview $100M Equity raised February 2021 SHAREHOLDERS Debt Financing • NAIF (North Australia Infrastructure Facility) • Finnvera (Finnish) Export Credit Agency •
Slide 18: ESG + Sustainability – The Only Way Forward
ESG + Sustainability – The Only Way Forward Becoming an environmental, cautious, fair and transparent rare earth producer Hastings Values Environment Corporate Labour Practice Stakeholder Community are aligned with the Governance and and Human Rights Engagement and Involvement and 17 United Nations
Slide 19: Australia's Next Rare Earth Producer
Australia’s Next Rare Earth Producer Up to 52% NdPr:TREO, highest amongst peers World leading Beneficiation upgrade of up to 25x mine grade Low Capex; Production 15,000tpa MREC, 3,400tpa NdPr (7-9% of world's market) Next RE producer (non-China) coming to production in 2024; early works Q3 2021 15 y
Slide 20: Thank You / Questions?
Thank You / Questions? Hastings Technology Metals Limited (HAS.ASX) 20
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