Hastings Technology Metals Limited · ASX:HAS
Hastings Technology Metals — Hastings Rare Metals — Investor Presentation (February 2013)
25 slides from Hastings Technology Metals's investor presentation, Feb 5, 2013
Slide 1: Heavy Rare Earths for high tech industries
For personal use only Heavy Rare Earths for high tech industries Investor Presentation | February 2013 Hastings Rare Metals
Slide 2: Important information
Important information All currency amounts are in AUD$ unless stated otherwise. 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 may require in connection with any For personal u
Slide 3: Key reasons to invest in Hastings
Key reasons to invest in Hastings For personal use only Rare earths are indispensible Our Vision To become an essential supplier of heavy › Used extensively in modern manufacturing rare earths for high tech industries › Minimal practical substitution or recycling Heavy rare earths have strategic val
Slide 4: Uses of rare earths
Uses of rare earths “The list of things that contain Rare Earths is endless”* For personal use only Reduces › Weight › Emissions › Energy consumption Allows › Greater efficiency › Performance › Speed › Miniaturisation › Durability › Thermal stability * National Geographic Magazine - June 2012 Hastin
Slide 5: China supplies +95% of rare earths
China supplies +95% of rare earths For personal use only Recent initiatives by China › Imposed export quotas, then reduced to Light rare earth: ample supply ~30,000tpa (2010) › Prohibited new operations/expansions (2012) › Eliminating 20% of processing capacity (2012) › Concentrating supply to a few
Slide 6: Heavy rare earths are more valuable
Heavy rare earths are more valuable Light Rare Earths Heavy Rare Earths 57 58 60 66 65 39 For personal use only La Ce Nd Dy Tb Y Glass polishing Wind turbines Petrol refining USES Electric/Hybrid vehicles Rechargeable batteries Efficient lighting Lanthanum/Cerium ~US$11/kg Dysprosium US$630/kg PRICE
Slide 7: Predicted major shortfall
Predicted major shortfall Dysprosium oxide supply/demand For personal use only Critical Supply Matrix (5-15yr) Hastings Tonnes p.a. 23% supply REE mix shortage 4,000 3,447 3,500 3,000 2,799 2,500 2,240 2,000 1,902 Supply Demand 1,500 1,377 1,353 1,000 500 0 2010 2015 2020 Based on IMCOA and Oko-Inst
Slide 8: Dysprosium in magnets
Dysprosium in magnets › Dysprosium added to magnets in the generator: For personal use only • Eliminates the gearbox (direct drive) • Reduces weight • Less maintenance • Improves performance GE wind turbine generator › Dysprosium added to magnets in drive systems: • Increases performance & efficienc
Slide 9: Yttrium and Niobium also of strategic value
Yttrium and Niobium also of strategic value 39 Yttrium is used predominantly in For personal use only Y phosphors › Monitors, TVs, LEDs › iPad, phones › Lasers, filters, superconductors A “Critical Metal” 41 Niobium agent is used predominantly as an Nb alloy › Structural steel › Auto industry › Elec
Slide 10: The Hastings project (100%)
The Hastings project (100%) › Largest heavy rare earth project in Australia, For personal use only fourth largest globally* › Resources for +25 years at 1mtpa › To produce over 10,000tpa, including: 140tpa Dysprosium oxide Heavy 830tpa Yttrium oxide rare 590tpa Mixed rare earth oxide earths 2,630tpa
Slide 11: Project location
Project location For personal use only Panorama over Hastings resource from the east Hastings Mineralisation exposed at Surface Hastings Rare Metals 11
Slide 12: Existing JORC Resources
Existing JORC Resources › Existing Resources sufficient for +25 year mine life For personal use only › Open at depth and along strike › 36.2 million tonnes Indicated and Inferred JORC Resources* at 0.21% TREO (0.18% HREO), plus 0.35% Nb₂O₅ and 0.89% ZrO2 * Comprises 27.1mt Indicated Resource and 9.1
Slide 13: Hastings deposit dimensions
Hastings deposit dimensions For personal use only Surface Longitudinal section from the east Open cut mine Mineralisation from surface Surface Consistent grade Viewed from the south Potential to the north and HREO GRADE south Shows Indicated Resources excluding Inferred Resources Hastings Ra
Slide 14: Southern Extension
Southern Extension › Recent mapping and sampling has confirmed the potential of the Southern Extension to add to the existing Resources For personal use only › Grades are comparable to near surface oxide material at the main deposit › Further sampling is required to delineate targets for drilling Mi
Slide 15: World Class heavy rare earths project
World Class heavy rare earths project Advanced Rare Earth projects, sorted by contained tonnes of HREO* For personal use only Deposit Company JORC Resource GRADE % HREO:TREO Contained Contained Co-products Resource mt TREO HREO HREO t Dy2O3 1. Strange Lake Quest Y 492.5 0.9 0.33 37% 1,651,000 148,98
Slide 16: Metallurgical success
Metallurgical success For personal use only Bulk solution handling at ANSTO Multi-stage solvent extraction at ANSTO › ANSTO (Australian Government) scientists completed extensive test work and experiments › Time and cost advantage from historical work › Metallurgical recoveries of 75% for Dysprosium
Slide 17: Process design and flow sheet determined
Process design and flow sheet determined For personal use only Process designed Flow sheet determined Optimisation work continues Sulphation Rare metals Rare earths HREO Grind Leaching baking extraction extraction purification Hastings Rare Metals 17
Slide 18: Attractive economics
Attractive economics* For personal use only › 25 years mine life from existing Resources › Producing oxides of: Tonnes % world p.a. supply Dysprosium 140 10% Yttrium 830 6% Mixed heavy rare earths 590 n/a Niobium 2,630 ±3% Zirconium 6,170 <1% Port of Wyndham $720m Capital costs (excluding contingenc
Slide 19: Production timetable
Production timetable Drill Program Resources For personal use only JORC Resource Southern Extension Resource for +25 years Infill drilling Flow sheet Metallurgy Metallurgy & Primary solvent extraction flow sheet Product optimisation determined 2011 2012 2013 2014 2015 2016 Scoping Study Partner deve
Slide 20: The Yangibana project (60%)
The Yangibana project (60%) › Exploration Licences covering 320sq km For personal use only › Surface rock chip samples to 19.4% TREO › Limited drilling indicates average grade of 1.6% TREO › Very high neodymium oxide grade averaging 4000ppm Nd₂O₃ or 25% of TREO › Elevated europium oxide grade (115pp
Slide 21: The Yangibana project
The Yangibana project RC DRILLING RESULTS INCLUDED For personal use only 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 1.25 ROCK CHIP SAMPLES INCLUDED No of Av. %T
Slide 22: Strong board & management
Strong board & management Tony Ho Alastair Metcalf Steve Mackowski Chairman CEO Technical Director For personal use only • Director of Brazin, • +25 years resources • +30 years technical Bioxyne, Dolomatrix, and finance and operational Greenland Minerals, experience experience in rare • Chairman of
Slide 23: Significant milestones
Significant milestones Next 6 -12 Months For personal use only JORC compliant Resource Nov-11 ANSTO validates sulphation and Water Leach flowsheet Jul-12 case Scoping Study defines operating parameters and confirms strong business Sept-12 Primary solvent extraction of valuable minerals successfu
Slide 24: Additional information
Additional information For personal use only ASX Code – HAS, HASO Shares on issue 167 million Listed options Major shareholders 81 million (15c March 2014) Unlisted options 5 million Singapore investor 6% Australian Market capitalisation (at 10c) $16 million investor 15% Cash (December 2012) $4 mill
Slide 25: Key reasons to invest in Hastings
Key reasons to invest in Hastings For personal use only Rare earths are indispensible Our Vision To become an essential supplier of heavy › Used extensively in modern manufacturing rare earths for high tech industries › Minimal practical substitution or recycling Heavy rare earths have strategic val
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