Hastings Technology Metals Limited · ASX:HAS
Hastings Technology Metals — Investor Presentation (November 2021)
25 slides from Hastings Technology Metals's investor presentation, Nov 25, 2021
Slide 1: Australia's Next Rare Earth Producer
Begin the Future - Enabling Green Technologies AUSTRALIA’S NEXT RARE EARTH PRODUCER Hastings Technology Metals Limited (HAS.ASX) Investor Presentation, 25 November 2021
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer All currency amounts are in A$ unless stated otherwise. Disclaimer This presentation has been prepared by Hastings Technology Metals Limited (“Company” or "Hastings"). It does not purport to contain all the information that a prospective investor may require in conne
Slide 3: Important Notices and Disclaimer
Important Notices and Disclaimer ASX Listing Rule 5 requirements This presentation includes estimates of mineral resources and ore reserves in relation to Hastings’ mining projects. Hastings has previously reported these estimates in the ASX announcements “Yangibana Project updated Measured and Indi
Slide 4: Australia's Next Rare Earth Producer
Australia’s Next Rare Earth Producer 52% NdPr to TREO ratio – critical to permanent magnets used in EV’s Beneficiation: upgrade of up to 25x mine grade Offtake: 10 year contract signed with thyssenkrupp (2) Supply: 10 year Master Supply Agreement signed with Schaeffler (2) Early works: commenced Q3
Slide 5: Project Milestones
Yangibana Milestones since 2014 First exploration to construction start Jun 20 April 21 Schaeffler TK Offtake Master Supply PROJECT MILESTONES Contract Agreement signed Oct 19 signed Feb 19 70,000t Nov 17 Successful 2nd pilot EPCM contract Native Title plant test - Higher signed with DRA Jul 20 agre
Slide 6: Delivering Shareholder Value
Delivering Shareholder Value Upstream - Yangibana mine site location Downstream – Onslow hydrometallurgical location Wheatstone Construction Camp Wheatstone LNG Project 436 km Gascoyne Open Pit Mining/Beneficiation Final product (1) Onslow Region, Long life, Tier 1 project 15,000tpa MREC Town, Explo
Slide 7: Onslow (Hydromet Plant) & Yangibana (Bene Plant) Location
Onslow (Hydromet Plant) & Yangibana (Bene Plant) 11 Location close to Power, Water and Gas services 2 Hydro upgrades concentrate to 59% TREO 331 Tier 1 Metso-Outotec equipment selected 42 Beneficiation upgrade of concentrate to 27% TREO 1 Refer ASX announcement “Successful Completion of Yangibana De
Slide 8: Yangibana Project Summary
Yangibana Project Summary KEY PARAMETERS Phase One: Enabling Infrastructure Mining Production (Ore) 1.2 Mtpa Early works program; Mine Life (2) 15 years 300 room village installation Annual (MREC) production (1) ~15,000 tpa Annual (TREO) production (1) ~8,500 tpa Airstrip construction Average
Slide 9: Yangibana Project – Exceeding On All Key Metrics
Yangibana Project – Exceeding On All Key Metrics 37% NdPr content – double world average Highest Margin Operation Source: Ord Minnett Dec 2020 Source: CRU Jan 2021 Yangibana MREC – unrivalled basket price Low capital Intensity – A$M Source: Ord Minnett Dec 2020 Source: Ord Minnett Dec 2020. Yangiban
Slide 10: Yangibana Project – The Year in Review
Yangibana Project – The Year in Review Significant Mineral Resource Upgrade Category M Tonnes %TREO %Nd2O3+Pr6O11 TREO t Measured 4.90 1.01 0.38 49,442 Indicated 16.24 0.95 0.33 154,750 sub-total 21.14 0.97 0.34 204,192 Inferred 6.27 0.99 0.31 62,225 TOTAL 27.42 0.97 0.33 266,417 37% Increase in Ore
Slide 11: Yangibana Project – The Year in Review
Yangibana Project – The Year in Review Grade Control Results Ore Sorting testwork Results Category Tonnes %TREO %Nd2O3+Pr6O11 TREO t 26% upgrade to the life of mine total rare earths oxide (TREO) grade; 96% overall TREO recoveries after ore sorting; Grade Control 140,688 1.04 0.43 1,457 7.1% i
Slide 12: Exploration: 8kms long mineralised trend
Exploration: 8kms long mineralised trend 1. Major 8km long zone of economic mineralisation at Fraser’s (8m @ 7.28% TREO & 8m @ 3.51% TREO) - Simon’s Find - Bald Hill, open in all directions. 2. Simon’s Find contains 52% of rare earths as NdPr, provides strong early cashflows to project. 3. Next dril
Slide 13: Increased support for Critical Minerals supply chain
Increased support for Critical Minerals supply chain Increased importance being put on sustainably sourced critical minerals by governments Hastings Technology Metals Limited (HAS.ASX) Investor Presentation, 25 November 2021 13
Slide 14: NdPr Prices Showing Increased Resilience
NdPr Prices Showing Increased Resilience NdPr Oxide Price (12 months to Sept 2021) Indicative NdPr Pricing Trend Pr6O11 25%, Nd2O3 75% ExW China 900,000 800,000 700,000 600,000 RMB/Mt 500,000 400,000 300,000 200,000 100,000 0 NdPr Oxide prices have seen continued strength in NdPr oxide prices are ex
Slide 15: Global Market is Moving towards Supply Deficit
Global Market is Moving towards Supply Deficit Market for NdPr expected to be in deficit over coming decade due to strong demand growth Global NdFeB demand expected to increase 3.9x Sizeable supply gap emerges in later part of this over the period 2020-2038 (CAGR 8.3%) decade without prompt new inve
Slide 16: Project Capex
Project Capex Cost validation exercise currently underway Project Budget, Schedule and Economics Capital Requirements Revised project budget and schedule to be released following completion of cost validation exercise currently A$M underway Project Capex Revised project economics to be released
Slide 17: Project Finance update
Project Finance update Credit approvals currently being for A$300 to $400 million in project finance package Loans to be underpinned by long term offtake contracts with German Tier 1 companies, Schaeffler and Thyssenkrupp. KPMG Corporate Finance Australia advising on multi lenders debt financing
Slide 18: Offtake Contracts
Offtake Contracts ~70% of production contracted for 10 yrs with strong offtake counterparties Offtake Counterparty Master Supply Agreement Binding Offtake contract Binding Offtake Agreement Contract Status Signed Jun 2020 (2) Signed Apr 2021 (3) Signed Nov 2018 (1) 9,000t MREC p.a. yrs 1 – 5 Quantit
Slide 19: ESG & Sustainability – The Only Way Forward
ESG & Sustainability – The Only Way Forward Maiden sustainability Becoming an reportfair environmental, cautious, delivered in Q4 and transparent rare 2021 earth producer Transparent reporting – Inaugural sustainability report released o Guided by Global Reporting Initiative (GRI) Standards, inclu
Slide 20: Yangibana Project Upcoming Milestones
Yangibana Project Upcoming Milestones Project progress accelerating with early siteworks currently underway Capital expenditure and final project schedule due Q4 2021 Debt financing credit approvals expected in Q4 2021 Complete infrastructure construction at Yangibana site in 2022 Commence beneficia
Slide 21: Capital Structure
Capital Structure Capital Structure $/Shares Share Price Performance Cash Balance (at 30 Sept 2021) A$102.5M Price ($) Volume (m) 25.0 Shares on Issue 1,738M $0.70 Highest Share PriceMargin (18th NovOperation $0.60 20.0 2021) A$0.255 $0.50 15.0 $0.40 Market Capitalisation A$443M $0.30 10.0 Performan
Slide 22: Board of Directors
Board of Directors Jean Claude Bruce McFadzean Charles Lew Guy Robertson Mal Randall Neil Hackett Steinmetz NED NED Executive Finance NED NED Chairman Director • Joined the Board in • Joined the Board in • Appointed Chairman in • Served on the Board of • Joined the Board in • Joined the Board in Jul
Slide 23: Experienced Senior Management Team
Experienced Senior Management Team Nick Holthouse Matthew Allen Andrew Reid Nick Bennett Narelle Marriott Lisa McGrath Rachael Ward-Pryce Dr Lara Jefferson GM Engineering & Chief Financial Officer Chief Operating Project Manager Acting GM Environment HR Manager GM Sustainability Op’s Readiness Offic
Slide 24: Mineral Resources and Reserves
Mineral Resources and Reserves Yangibana Project – Total JORC Mineral Resources as at 30 June 2021 (1) Category Million Tonnes %TREO %Nd2O3+Pr6O11 TREO Tonnes Measured 4.9 1.01 0.38 49,442 Indicated 16.24 0.95 0.33 154,750 Sub-total 21.14 0.97 0.34 204,192 Inferred 6.27 0.99 0.31 62,225 TOTAL 27.42
Slide 25: Australia's Next Rare Earth Producer
Australia’s Next Rare Earth Producer Begin the Future - Enabling Green Technologies Perth Office Singapore Office T: +61 8 6117 6118 E: info@hastingstechmetals.com Level 8, 167 St Georges Terrace 10 Anson Road W: hastingstechmetals.com Perth WA 6000 #19-02 International Plaza Australia Singapore 079
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