Hastings Technology Metals Limited · ASX:HAS
Hastings Technology Metals — Diggers & Dealers (August 2024)
27 slides from Hastings Technology Metals's conference presentation, Aug 7, 2024
Slide 1: Corporate Presentation
Hastings Technology Metals Ltd PLANE TEAM PHOTO Corporate CAMP Presentation Yangibana Rare Earths Project 7 August 2024 Hastings Technology Metals Ltd | ASX:HAS 1 Picture: Yangibana Yangibana Rare Rare Earths Earths Project, Project Western Australia
Slide 2: Disclaimer, Forward Looking Statements, Competent Persons' Statement
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 presentati
Slide 3: 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. achi
Slide 4: Executive Summary
EXECUTIVE SUMMARY Picture: Kurrbili Village (at dusk) 4
Slide 5: Snapshot - Yangibana
SNAPSHOT - YANGIBANA Yangibana AUSTRALIA Significant value upside from development of the Yangibana Rare Earths Project and Niobium by- Yangibana Project product credit stream World-class project with robust economics Reserve inventory of 20.93mt with 188kt of $474m $465m contained TREO3, supporting
Slide 6: Yangibana Project Overview
Picture: Investor Site Tour (July 2024) YANGIBANA PROJECT OVERVIEW 6
Slide 7: Yangibana - Unique Tier One Asset
YANGIBANA - UNIQUE TIER ONE ASSET World-class deposit with unrivalled high percentage of NdPr:TREO in the orebody in a tier one jurisdiction, supplying the critical raw Average NdPr:TREO Ratio1 materials for rare earth magnets Sichuan (China) 14% Mountain Pass (US) 16% Kangankunde (Malawi) 20% NdPr
Slide 8: Yangibana Project Snapshot
YANGIBANA PROJECT SNAPSHOT Fully permitted and high-margin project with multi- generational opportunities for the Gascoyne region 17-year 20.9mt Life-of-mine Ore Reserves 37% High margins Average NdPr:TREO ratio over life First quartile on global operational of mine, driving higher realized margin c
Slide 9: Capital Costs
CAPITAL COSTS $154m capital investment1 provides strong base to ramp up construction. $320m remaining capital cost. $27 $154m Capital Cost incurred1 $30 Represents 32% of total capital cost (including contingency) Non-Processing Infrastructure $124m (US$80m) invested to date1 in early site works • K
Slide 10: Yangibana Project Progress
YANGIBANA PROJECT PROGRESS Early infrastructure completed and long lead time items available 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 centre, sports
Slide 11: Beneficiation Plant Construction
BENEFICIATION PLANT CONSTRUCTION EPC contract with leading engineering and construction firm GR Engineering Services $210m (US$136m) contract Fixed price lump sum contract Key benefits Lowers project delivery risks, lower cost, greater certainty on timeframe, process and product quality guarantees P
Slide 12: Long Lead Time Equipment Procured and in Storage in Perth
LONG LEAD TIME EQUIPMENT PROCURED AND IN STORAGE IN PERTH Significant Long Lead Time Items available for deployment Acid Bake Kiln Pumps and Equipment Load Bin, OffGas Scrubber and Uranium Removal Circuit 12
Slide 13: Project Execution Indicative Schedule
PROJECT EXECUTION INDICATIVE SCHEDULE Staged development strategy enabling a quicker pathway to cashflow 2023 2024 2025 2026 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Feasibility Study – Staged Development Strategy Non-Processing Infrastructure Process Plant EPC/ Practical First concentrate on
Slide 14: JL Mag Takes 9.8% Strategic Stake
JL MAG TAKES 9.8% STRATEGIC STAKE Hastings welcomes investment by JL Mag Rare-Earth Co., Limited, the leading global permanent magnet producer STRATEGIC INVESTMENT ABOUT JL MAG The world’s leading producer of rare earths permanent magnets JL Mag to World’s number one producer of high-performance rar
Slide 15: Finance & ESG
FINANCE & ESG 15
Slide 16: Project Economics
PROJECT ECONOMICS Robust Financial Metrics $865m (US$562m) 31.28% 3.4 years Post-tax NPV11 (ungeared) Post-tax IRR (ungeared) Payback period $9,639m (US$6,265m) $3,345m (US$2,174m) $258m (US$168m) Net revenue (Life-of-Mine) Free cash flow (Life-of-Mine) Average EBITDA per annum Key Material Assumpti
Slide 17: Green Finance and ESG
GREEN FINANCE AND ESG Yangibana Project will produce critical minerals to power the energy transition Second Party Opinion • Hastings Green Bond Financing Framework and Carbon Reduction Transition Plan ESG Credentials reviewed by DNV Agency Rating • US$300m Senior Secured Green Bond Issue is aligned
Slide 18: Niobium – Additional By-Product Credit Revenue Stream
NIOBIUM – ADDITIONAL BY-PRODUCT CREDIT REVENUE STREAM 18 Photo: Viaduct de Millau bridge in southern France made 60% lighter due to the use of niobium
Slide 19: Niobium Market
NIOBIUM MARKET Niobium is a critical and strategic mineral Niobium Demand Drivers3 ~90% of the world’s niobium produced by Brazil2 Listed as a critical mineral by the US, Australia1, India, Japan, China and the EU. Ranked number 2 out of 50 on the US Critical Minerals List2 Majority of niobium used
Slide 20: Resource and Reserve Development
RESOURCE AND RESERVE DEVELOPMENT Significant exploration targets providing growth optionality (Rare Earths and Niobium) Exploration focus Priority areas identified to expand mine life beyond initial 17-years to build long-term value for shareholders 66km strike length Significant exploration upside
Slide 21: Niobium at Yangibana Rare Earths Project
NIOBIUM AT YANGIBANA RARE EARTHS PROJECT There are niobium occurrences noted in all prospects of the Yangibana Rare Earths Project Niobium (Nb2O5) concentrations occur in the form of mineral ferro-columbite at the Yangibana Project over a 4-kilometre strike at the existing Simon’s Find and Bald Hill
Slide 22: Metallurgical Test Work
METALURGICAL TEST WORK Niobium upgraded by 19 times using gravity separation and low intensity magnetic separation Initial metallurgical test work using gravity separation followed by low intensity magnet separation, the initial test work recovered and concentrated the ferro- columbite to 16.88% Nb2
Slide 23: Strategic Highlights
STRATEGIC HIGHLIGHTS Summary World-class rare earth deposit with high proportion of neodymium and praseodymium (average of 37% over mine life) in the rare earth basket. Ideally placed to produce minerals critical for the global energy transition and meet expected supply deficit. Initial 17-yea
Slide 24: Appendix
APPENDIX 24
Slide 25: Source Documents – Peer Comparison NdPr:TREO Ratio
SOURCE DOCUMENTS PEER COMPRISON – NDPR:TREO RATIO Stage of Reserves NdPr:TREO Mine Ownership Ticker Capex (A$m) TREO Grade Category Source Development Tonnage (mt) ratio Proven and Yangibana Hastings Technology Metals Ltd HAS:ASX Pre-production 503 20.93 0.90% 37% 6 February 2023: ASX Announcement:
Slide 26: Hastings Strategy
HASTINGS STRATEGY Building on the long-life of the Yangibana Project to unlock value through downstream processing opportunities Rare Earth Mixed Rare Earth Concentrate Carbonate Rare Earth Oxides Metals and Alloys Permanent Magnets Mining and Beneficiation Processing Separation Refining Manufacturi
Slide 27: hastingstechmetals.com
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 27
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