Hastings Technology Metals Limited · ASX:HAS
Hastings Technology Metals — Hastings Rare Metals — Investor Presentation (May 2012)
30 slides from Hastings Technology Metals's investor presentation, May 1, 2012
Slide 1: Investor Presentation – April 2012 (ASX cover letter)
For personal use only 1 May 2012 The Manager Company Announcements Office Australian Securities Exchange 4th Floor, 20 Bridge Street SYDNEY NSW 2000 INVESTOR PRESENTATION – APRIL 2012 Attached please find an Investor Presentation which provides an update on the Company’s projects. Hastings represent
Slide 2: Investor Presentation: Supplying Critical Metals For New Technologies
For personal use only Investor Presentation Supplying Critical Metals For New Technologies April 2012 www.hastingsraremetals.com
Slide 3: Disclaimer
Private and confidential All currency amounts are in AUD$ unless stated otherwise. Important Information For personal use only Disclaimer This presentation has been prepared by Hastings Rare Metals Limited (“Company”). It does not purport to contain all the information that a prospective investor ma
Slide 4: Overview
Private and confidential Hastings Overview For personal use only Hastings Rare Metals Limited (HAS) has two Rare Earth Projects in WA, both recognised by GeoScience Australia as key REO deposits. Both deposits remain open at depth and along strike. Hastings Project 100% Hastings Hastings Project (
Slide 5: Board & Advisers
Private and confidential Board Members Board & Advisers For personal use only David Nolan (Chairman) Mr Nolan is a corporate lawyer with over 13 years experience advising on corporate acquisitions, capital raisings and financing for mining companies. Mr Nolan leads the Sydney corporate advisory prac
Slide 6: A Highly Experienced Project Team
Private and confidential Hastings Project For personal use only A Highly Experienced Project Team Steve Mackowski (Technical Director) Mr Mackowski joined Hastings after serving at rare earths company Arafura Resources Ltd as General Manager Project Development & Technology. Mr Mackowski is a qualif
Slide 7: Capital Structure
Private and confidential Capital Structure For personal use only ASX Code - HAS Trading Summary Ordinary Shares 125.26 million Market Capitalisation A$17.5m Unlisted Options 15m at 40 cents (12 April 2012) Unlisted Options 37m at 25 cents 14c Unlisted Options 20.6m at 15 cents Last Price Cash at han
Slide 8: Rare Earths and Rare Metals
Private and confidential Rare Earths and Rare Metals For personal use only 7
Slide 9: Value Drivers
Private and confidential Value Drivers For personal use only HAS leads the way in valuable REE mix with HREE (Dysprosium and Yttrium) at Hastings and LREE (Neodymium) at Yangibana. These are classified as “critical” rare earths by the US Department of Energy (December 2010) Dysprosium has been hig
Slide 10: Implications of Substitution and Recycling on Future Growth
Private and confidential Implications of Substitution and Recycling on Future Growth For personal use only Ce La Light Rare Earths Uses Market Direction Lower Prices Industrial Commodities Recent prices have driven Cerium Glass polishing La substitution. Proposed high Lanthanum Crude Oil cracking vo
Slide 11: Heavy Rare Earths in Serious Undersupply
Private and confidential Heavy Rare Earths in Serious Undersupply For personal use only Critical Supply Matrix (US Department of Energy, December 2010) Hastings REE mix Hastings project includes significant resources of Dysprosium and Yttrium while Yangibana contains Neodymium, three of the critic
Slide 12: Rare Earth Price History
Private and confidential Rare Earth Price History For personal use only 6000 COMPARISON OF SELECTED REO PRICES Rare Earth Price in US$/kg FOB China 5000 Multiple price increase 4000 Oxide of 2009* 2010* Q22011* Q42011* Apr 2012* 2012-2010 Lanthanum 5.4 22.4 135.0 64.0 28.0 1.25 x europium 3000 US$ K
Slide 13: HREO Ratio – A Clear Advantage
Private and confidential Hastings Project For personal use only HREO Ratio – A Clear Advantage HREO:TREO (%) 100 90 85.8 80 70 70 60 50 46.9 48 HREO:TREO (%) 40 36.2 30 27.3 20 15.4 10 4.7 0.2 1.8 0 Mountain Nolans Mount Nechalacho Dubbo Zeus Kutessay II Norra Karr Strange Hastings Pass Bore Weld (K
Slide 14: Value Distribution
Private and confidential Hastings Project For personal use only Value Distribution HASTINGS NORRA KARR STRANGE LK NECHALACHO DUBBO (HAS) (TSM) (QRM) (AVL) (ALK) $/kg China In Situ In Situ In Situ In Situ In Situ Oxides FOB* % Dist $/kg % Dist $/kg % Dist $/kg % Dist $/kg % Dist $/kg Lanthanum 28 1.6
Slide 15: Positioning
Private and confidential Hastings Project For personal use only Positioning Advanced Rare Earth projects, sorted by contained tonnes of HREO Deposit Company Status Con'd t Resource % % HREO:TREO HREO mt TREO HREO % HREO PROJECTS (>35% HREO:TREO) Strange Lake QRM Inf 408,280 50.80 1.15 0.80 70.0 Norr
Slide 16: Market Cap v Project Stage
Private and confidential Market Cap v Project Stage For personal use only 500 LYC** 450 400 ALK Market Cap HREO Tonnes Hastings 65,000 350 Alkane 150,000 300 AVL Arafura 16,000 Market Cap 250 Lynas** 89,000 A$m As at April 2012 Nth Minerals* N/A 200 GGG ARU Avalon RM 658,000 150 Matamec 30,000 TSM 1
Slide 17: Rare Earth Distribution
Private and confidential Hastings Project For personal use only Rare Earth Distribution La₂O₅ Ce₂O₅ Pr₂O₅ Nd₂O₅ Sm₂O₅ Eu₂O₅ Gd₂O₅ Tb₂O₅ Dy₂O₅ Ho₂O₅ Er₂O₅ Tm₂O₅ Yb₂O₅ Lu₂O₅ Y₂O₃ Grade 34 127 19 73 46 3 75 24 186 43 173 22 139 18 1120 ppm Critical Rare Earths (US Department of Energy December 2010) Di
Slide 18: Lynas Project
Private and confidential Lynas Project For personal use only Rare Earth Distribution La₂O₅ Ce₂O₅ Pr₂O₅ Nd₂O₅ Sm₂O₅ Eu₂O₅ Gd₂O₅ Tb₂O₅ Dy₂O₅ Ho₂O₅ Er₂O₅ Tm₂O₅ Yb₂O₅ Lu₂O₅ Y₂O₃ Grade 24090 45650 5040 18030 2520 630 1260 13 560 13 13 0 13 0 1770 ppm Source: (Lynas Corporation website) Distribution of RE
Slide 19: Processing Testwork
Private and confidential Hastings Project For personal use only Processing Testwork West Coast Holdings (WCH) undertook significant amounts of processing test work in the 1980s culminating in the establishment of a pilot plant at the Warren Springs laboratory in UK. 100 tonnes of oxidised minera
Slide 20: Previous Exploration
Private and confidential Hastings Project For personal use only Previous Exploration Early exploration for uranium highlighted radiometric anomalies. UNOCAL (previously parent company of Molycorp) (1982-85) carried out exploration including detailed mapping, sampling, trenching and 19 drillholes
Slide 21: Resources
Private and confidential Hastings Project For personal use only Resources In 2011 Hastings drilled 51 reverse circulation holes (7443m) and 8 diamond drill tails (HQ3) (739m). This tested the central 1.8km of strike to a maximum depth of 290m. This enabled a detailed interpretation and resourc
Slide 22: Significant Potential to Increase Resource
Private and confidential Hastings Project For personal use only Significant Potential to Increase Resource Current Indicated resources confined to central 1.9km of sub-cropping mineralisation Inferred Resources at depth below Indicated Resources and around the northern fold closure Southern Ex
Slide 23: Resources
Private and confidential Hastings Project For personal use only Resources Indicated and Inferred Resources extend to the base of the south – plunging syncline at the north end and to a maximum depth of around 400m Mineralisation remains open at depth down to the base of the syncline Mineralisa
Slide 24: Path Forward and significant milestones
Private and confidential Hastings Project For personal use only Path Forward and significant milestones Validation and Verification of previous metallurgy (Mid Year) Scoping Study to confirm economics Define Southern Extension Opportunity Optimisation of product suite (End of Year) Pre-fea
Slide 25: Schedule
Private and confidential Hastings Project For personal use only Schedule 2012 2013 2014 2015 2016 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Metallurgy Validation and Verification Update Scoping Study Product Suite Optimisation Pre-Feasibility Study Pilot Plant Design Construction Operation Bankable Feasibility Study
Slide 26: Yangibana Project: History
Private and confidential Yangibana Project For personal use only History Known mineralisation is associated with long linear, narrow ironstone outcrops Early exploration based on elevated radio metrics assessed the ironstones for uranium, but also base metals Rock chips returned elevated rare
Slide 27: Yangibana Project: Previous Exploration
Private and confidential Yangibana Project For personal use only Previous Exploration RC DRILLING RESULTS INCLUDED Prospect m %TREO Yangibana North 7 2.21 8 2.78 4 1.83 6 2.40 Gossan 3 2.12 The Lion's Ear 4 1.80 4 2.05 4 2.73 3 1.78 4 1.77 Hook South 2 1.65 Kane's Gossan 8 1.43 5 1.18 Yangibana 2 1.
Slide 28: Yangibana Project: Proposed Exploration
Private and confidential Yangibana Project For personal use only Proposed Exploration The obvious initial target is to pattern drill the exposed ironstone outcrops and the intervening ground along strike, with only 2.2km of the main mineralised zone tested to date. This zone has a strike length of
Slide 29: Advantages of Hastings Project
Private and confidential Hastings Project For personal use only Advantages of Hastings Project Indicated JORC resource of >30 years operations at 1m tonnes per annum – potential to expand and to double outputs 4th largest HREO Project in the world, largest in Australia 85% Heavy Rare Earths as
Slide 30: Contact Details
Contact Details For personal use only Contact Details Steve Mackowski David Nolan Technical Director Chairman T: +61 2 9078 7674 T: +61 2 9078 7674 F: +61 2 9078 7661 F: +61 2 9078 7661 E: smackowski@hastingsraremetals.com E: dnolan@hastingsraremetals.com Level 9, 50 Margaret Street, Sydney NSW 2000
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