Hastings Technology Metals Limited · ASX:HAS
Hastings Technology Metals — Mines and Money London 2023
20 slides from Hastings Technology Metals's conference presentation, Dec 4, 2023
Slide 1: Developing the Yangibana Rare Earths Project
For personal use only Developing the Yangibana Rare Earths Project Paul Brown, CEO Mines and Money London 2023 Hastings Technology Metals Ltd | ASX:HAS
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: Strong Demand Driving Supply Deficit
STRONG DEMAND DRIVING SUPPLY DEFICIT Supply gap forecast to increase during the decade, requiring around 13x Yangibana Projects Global REO Magnet Demand – Anticipated Growth1 NdPr Oxide – Forecast Supply and Demand Balance For personal use only Electric Vehicles / mobility Wind Power Supply Demand S
Slide 4: Hastings' Strategy
HASTINGS’ STRATEGY Capturing increased value by pursuing downstream processing opportunities For personal use only Rare earth concentrate Mixed rare earth Rare earth oxide Metals and alloys Permanent magnets carbonate Processing Separation Refining Manufacturing Yangibana Mine and Pursue downstream
Slide 5: World-Class Asset
WORLD-CLASS ASSET Unique deposit located in a tier one jurisdiction with unrivalled high percentage of NdPr:TREO in orebody Average NdPr:TREO Ratio1 Yangibana Project – Mineral Resources and Ore Reserves2 For personal use only 35 Sichuan (China) 14% Mineral Resources Ore Reserves Mountain Pass (US)
Slide 6: Staged Development Feasibility Study
STAGED DEVELOPMENT FEASIBILITY STUDY1 Staged delivery model supporting de-risked pathway to becoming Australia’s next rare earths producer Broome For personal use only Port Hedland Yangibana Project Downstream processing Dampier Mining and Beneficiation Hydrometallurgical Plant Onslow 20.9mt Ore Res
Slide 7: Strong Base to Ramp Up Construction
STRONG BASE TO RAMP UP CONSTRUCTION $126 million invested in non-processing infrastructure for Stage 1 of Yangibana Project Development ready For personal use only Fully permitted to begin construction and for first concentrate production in 2025 A$52 Non-Processing Infrastructure $126 million inves
Slide 8: Kurrbili Accommodation Village
KURRBILI ACCOMMODATION VILLAGE For personal use only 8
Slide 9: Siphon Well Borefield
SIPHON WELL BOREFIELD For personal use only 9
Slide 10: Yangibana Airstrip
For personal use only AIRSTRIP YANGIBANA 10
Slide 11: SAG Mill
For personal use only SAG MILL 11
Slide 12: Beneficiation Plant Construction
BENEFICIATION PLANT CONSTRUCTION1 Engineering, Procurement and Construction (“EPC”) contract in place with leading engineering and contracting company $210 million For personal use only Including fixed-price component of $180 million GR Engineering Services Strong track record of delivering integrat
Slide 13: Project Execution Strategy
PROJECT EXECUTION STRATEGY Hastings is well-positioned to move into development of the Yangibana Project For personal use only Design and Operational Execution Cost Management Schedule Readiness • All key approvals in place for • $210 million EPC contract with • Early works agreement in • Key leader
Slide 14: Robust Project Metrics
ROBUST PROJECT METRICS1 Comprehensive project delivery and capital review in H1 2023 reaffirming attractive project economics For personal use only $530 - $1,010 million 27.5% - 50.9% Post-tax NPV11 (ungeared)2 Post-tax IRR (ungeared)2 $175 - $250 million 2.1 – 4.4 years Average EBITDA per annum2 Pa
Slide 15: Project Funding
PROJECT FUNDING Multiple non-binding financing proposals received in order of target gearing ratio of 60% (~US$300 million) For personal use only Staged development Completion of Multiple financing Shortlist feasibility study financing due proposals preferred diligence reports received (Loans, provi
Slide 16: Leading ESG Credentials
LEADING ESG Green Finance Accreditation CREDENTIALS Certified by DNV for green bonds and/or green loans Aligned with International Capital Market Association’s Green Bond Principles and Loan Market Association’s Green Loan Principles For personal use only Ranked fourth Out of 159 companies in 2022 d
Slide 17: 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. = Ss © >Passion >Teamwork ® We are loyal to the project and work We are honest and work as one team to = passionately to deliver our vi
Slide 18: Hastings Technology Metals Limited
For personal use only 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
Slide 19: Appendix
For personal use only APPENDIX 19
Slide 20: Peer Comparison
PEER COMPARISON Average NdPr:TREO ratio over life of mine Mine Ownership Ticker NdPr:TREO ratio Source For personal use only Hastings Technology Metals Yangibana HAS:ASX 37% 6 February 2023: ASX Announcement: “Yangibana Ore Reserves Increase by 25%” Ltd 5 July 2022: SEDAR Announcement: “Mkango Annou
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