Hastings Technology Metals Limited · ASX:HAS
Hastings Technology Metals — H1 FY2025 Earnings Presentation
21 slides from Hastings Technology Metals's earnings presentation, Mar 14, 2025
Slide 1: Corporate Update and Half Year Summary
Picture: Yangibana Airport, 70-seater aircraft Corporate Update and Half Year Summary Half Year Ended 31 December 2024 14 March 2025 Hastings Technology Metals Ltd | ASX:HAS 1 Hastings Hastings Technology Technology Metals Metals LtdLtd | ASX: | ASX: HASHAS | hastingstechmetals.com| | hastingstechme
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Hastings Technology Metals Ltd (“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 presentation h
Slide 3: Corporate, Joint Venture and Project Overview
CORPORATE, JOINT VENTURE AND PROJECT OVERVIEW 3
Slide 4: Half Year Review
HALF YEAR REVIEW 1 Significant progress made to support pathway to completion and production Q1 FY25 Q2 FY25 Post-1H FY25 World’s leading producer of rare earths permanent magnets, Hastings was selected as one of nine parties by the Ministry of Landmark 60:40 Wyloo:Hastings Joint Venture. Transactio
Slide 5: Half Year Summary
HALF YEAR SUMMARY1 Audit review for the period ended 31 December 2024 Key Highlights Balance Sheet • As at 31 December 2024, 33% of the Yangibana Rare Earths and Niobium Project’s (“Project”) budget Summary (A$m) Dec-24 remains spent to date • $158m in supporting infrastructure has been fully comple
Slide 6: Stakeholder Engagement
STAKEHOLDER ENGAGEMENT Strong half of engagement with stakeholders and investors Left: Tharrkari Elder - Hastings Executive Mr Ben Roberts Yangibana Investor Site Visit Chairman, Charles Lew with Khalid S.Al-Modaifer Right: Chief Geologist, Louis Schurmann (July 2024) His Excellency Vice- Minister f
Slide 7: Yangibana and JV Summary
YANGIBANA AND JV SUMMARY1 AUSTRALIA Developing Western Australia Rare Earths and Niobium World Class Ore Body Fully Permitted in Tier 1 1st Quartile Globally - In-Demand Critical Minerals Jurisdiction Robust Economics2 • One of the highest global NdPr : • Australia AAA Sovereign Risk, • $865m Post-t
Slide 8: Additional Long Lead Equipment Delivered to WA
ADDITIONAL LONG LEAD EQUIPMENT DELIVERED TO WA Majority of long lead equipment finalised and delivered during 1H FY25 Slurry Pumps SAG mill main assembly SAG mill trolly, slurry pumps and SAG mill trunnion Bearing Housing Positive Displacement Pumps Positive Displacement Pumps Cyclone rated shelter,
Slide 9: Wyloo Yangibana Joint Venture
WYLOO YANGIBANA JOINT VENTURE 9
Slide 10: Transaction Overview
TRANSACTION OVERVIEW1 Unlocking value from the Yangibana Rare Earths and Niobium Project Joint Venture (UJV) and Asset Portfolio (Post Completion) Joint Venture Overview • Hastings’ portfolio of assets incl. 40% JV interest in Stage 1 of the Yangibana Project and Stage 2 • Commercial terms agreed fo
Slide 11: About Wyloo
ABOUT WYLOO ABOUT WYLOO Greatland Gold Au Cu • Privately owned by Tattarang with a focus on critical minerals for the energy transition • Brings significant technical and financial capability to the Yangibana Rare Earths Stage 2 and Niobium Project as Operator • Strong support and alignment with Has
Slide 12: 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 materials for rare earth magnets Average NdPr:TREO Ratio1 Uses of Rare Earth Elements 37% Average NdPr:TREO ratio surpassing most R
Slide 13: Yangibana Project Snapshot
YANGIBANA PROJECT SNAPSHOT1 Fully permitted and high-margin project with multi- generational opportunities for the Gascoyne region 17-year 20.9Mt Life-of-mine Ore Reserves2 37% High margins Average NdPr:TREO ratio over life of First quartile on global operational mine, driving higher realized rare m
Slide 14: Appendix
APPENDIX 14
Slide 15: Project Economics
PROJECT ECONOMICS1 Robust Financial Metrics $865m 31.28% 3.4 years Post-tax NPV11 (ungeared) Post-tax IRR (ungeared) Payback period $9,639m $3,345m $258m Net revenue (Life-of-Mine) Free cash flow (Life-of-Mine) Average EBITDA per annum Key Material Assumptions / Updates The Base Case Financial Model
Slide 16: Yangibana Project – Peer Comparison
YANGIBANA PROJECT – PEER COMPARISON PEER COMPARISON – NDPR:TREO RATIO Ore Reserves Ore Reserves Ore Reserves Ore Reserves Ore Reserves Ore Reserves NdPr:TREO Majority / Full Stage of (Proved) (Proved) (Probable) (Probable) (Total) (Total) ratio1 Mine Ticker Capex (A$m) Source Ownership Development M
Slide 17: Yangibana Project – Resources and Reserves
YANGIBANA PROJECT – RESOURCES AND RESERVES MINERAL RESOURCES AND ORE RESERVES1 TOTAL JORC (2012) MINERAL RESOURCES (30 OCTOBER 2022) Category Mt %TREO %NdPr TREO tonnes Yangibana Measured 4.97 0.96 0.37 47,721 Category Mt %TREO %NdPr TREO tonnes Indicated 19.51 0.88 0.32 171,936 Measured - - - - Sub
Slide 18: Source Data for Slide 4
SOURCE DATA FOR SLIDE 4 SOURCE DATA FOR SLIDE 4 SOURCE DATA FOR SLIDE 4 Statement Source(s) Statement Source(s) • Mr Peter Phan joined Hastings as the Company’s Project • World’s leading producer of rare earths permanent magnets, 9 July 2024: ASX Announcement “JL MAG to Become Director for Yangibana
Slide 19: Source Data for Slide 7
SOURCE DATA FOR SLIDE 7 SOURCE DATA FOR SLIDE 7 SOURCE DATA FOR SLIDE 7 Statement Source(s) Statement Source(s) • One of the highest global NdPr : TREO ratio of 37% (LOM 6 February 2023: ASX Announcement: “Yangibana • $865m Post-tax NPV11 (ungeared) average) and up to 52% Ore Reserves Increase by 25
Slide 20: Glossary
GLOSSARY ASX Australian Securities Exchange Ltd HREE Heavy Rare Earth Elements PGE Platinum group elements AMCI American Metals & Coal International Hydromet Hydrometallurgical Plant P80 Probability 80% Aquila Aquila Resources Pty Ltd IRR Internal Rate of Return ppm Parts per million
Slide 21: 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 21
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