Hastings Technology Metals Limited · ASX:HAS
Hastings Technology Metals — Mines and Money London (December 2023)
22 slides from Hastings Technology Metals's conference presentation, Dec 21, 2023
Slide 1: London Mines & Money Corporate Presentation (Update)
21 December 2023 LONDON MINES & MONEY CORPORATE PRESENTATION (UPDATE) Hastings Technology Metals Ltd (ASX:HAS) (“Hastings” or “the Company”) advises the Corporate Presentation titled ‘Developing the Yangibana Rare Earths Project’, which was originally lodged on 4 December 2023 has been updated in re
Slide 2: Developing the Yangibana Rare Earths Project
Developing the Yangibana Rare Earths Project Paul Brown, CEO Hastings Technology Metals Ltd | ASX:HAS Mines and Money London
Slide 3: 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 4: 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 Electric Vehicles / mobility Wind Power Supply Demand Supply deficit Industri
Slide 5: Hastings' Strategy
HASTINGS’ STRATEGY Capturing increased value by pursuing downstream processing opportunities Rare earth concentrate Mixed rare earth Rare earth oxide Metals and alloys Permanent magnets carbonate Processing Separation Refining Manufacturing Yangibana Mine and Pursue downstream Mine to magnet Benefic
Slide 6: 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 35 Sichuan (China) 14% Mineral Resources Ore Reserves Mountain Pass (US) 16% 30 Kangankunde (Ma
Slide 7: Staged Development Feasibility Study
STAGED DEVELOPMENT FEASIBILITY STUDY1 Staged delivery model supporting de-risked pathway to becoming Australia’s next rare earths producer Broome Port Hedland Yangibana Project Downstream processing Dampier Mining and Beneficiation Hydrometallurgical Plant Onslow 20.9mt Ore Reserve for Cracking, lea
Slide 8: 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 Fully permitted to begin construction and for first concentrate production in 2025 A$52 Non-Processing Infrastructure $126 million investment in finalising ea
Slide 9: Kurrbili Accommodation Village
KURRBILI ACCOMMODATION VILLAGE 8
Slide 10: Siphon Well Borefield
SIPHON WELL BOREFIELD 9
Slide 11: Yangibana Airstrip
_YANGIBANA = AIRSTRIP hastings | a
Slide 12: SAG Mill
SAG MILL 11
Slide 13: Beneficiation Plant Construction
BENEFICIATION PLANT CONSTRUCTION1 Engineering, Procurement and Construction (“EPC”) contract in place with leading engineering and contracting company $210 million Including fixed-price component of $180 million GR Engineering Services Strong track record of delivering integrated project solutions K
Slide 14: Project Execution Strategy
PROJECT EXECUTION STRATEGY Hastings is well-positioned to move into development of the Yangibana Project Design and Operational Execution Cost Management Schedule Readiness • All key approvals in place for • $210 million EPC contract with • Early works agreement in • Key leadership roles filled, fir
Slide 15: Robust Project Metrics
ROBUST PROJECT METRICS1 Comprehensive project delivery and capital review in H1 2023 reaffirming attractive project economics $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 Payback period2 First qu
Slide 16: Project Funding
PROJECT FUNDING Multiple non-binding financing proposals received in order of target gearing ratio of 60% Staged development Completion of Multiple financing Shortlist feasibility study financing due proposals preferred diligence reports received (Loans, provider(s)/ JV, Bonds) funding solution Janu
Slide 17: 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 Ranked fourth Out of 159 companies in 2022 diversified metals mini
Slide 18: 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. achie
Slide 19: Hastings Technology Metals Limited
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 20: Appendix
APPENDIX 19
Slide 21: Peer Comparison
PEER COMPARISON Average NdPr:TREO ratio over life of mine Mine Ownership Ticker NdPr:TREO ratio Source 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 Announces Results of Defini
Slide 22: Resources and Reserves
RESOURCES AND RESERVES Yangibana Project – total JORC Mineral Resources (30 Oct 22)1 Yangibana Project – total JORC Ore Reserves (6 Feb 23)1 Nd2O3+ %Nd2O3+ TREO %Nd2O3+ Category mt %TREO Deposit mt %TREO Pr6O11 as Pr6O11 tonnes Pr6O11 % of TREO Measured 4.97 0.96 0.37 47,721 Bald Hill 8.12 0.79 0.32
Hastings Technology Metals — Mines and Money London (December 2023) on 6ix