Hastings Technology Metals Limited · ASX:HAS
Hastings Technology Metals — Shareholder Meeting (November 2024)
30 slides from Hastings Technology Metals's shareholder meeting presentation, Nov 26, 2024
Slide 1: Annual General Meeting 2024
Annual General Meeting 2024 26 November 2024 Hastings Technology Metals Ltd | ASX:HAS Yangibana Rare Earths & Niobium Project 1 Hastings Technology Metals Ltd | ASX: HAS | hastingstechmetals.com| ACN 122 911 399
Slide 2: Disclaimer, Forward Looking Statements, Competent Persons' Statement
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: Acknowledgement of Country
Acknowledgement of Country Hastings acknowledges the Traditional Owners of the land in which we operate including the Thiin-Mah, Warriyangka, Tharrkari and Jiwarli (“TMWTJ”) People of the Gascoyne region. 3 Tharrkari Elder - Mr Ben Roberts
Slide 4: Agenda
AGENDA 1. Chairman’s address 2. Corporate Video 3. Resolutions, proxies and voting 4. Management presentation 5. Questions Dr Louis Schürmann 4 Chief Geologist
Slide 5: Chairman's Address
CHAIRMAN’S ADDRESS Charles Lew, Executive Chairman 5
Slide 6: Corporate Video
CORPORATE VIDEO Yangibana Rare Earths & Niobium Project Corporate Video Link: https://vimeo.com/1032813344/d32e93b463 6
Slide 7: 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, we care for each passionately to deliver our vision. other, and wo
Slide 8: Hastings Board
HASTINGS BOARD Charles Lew Guy Robertson Jean Claude Steinmetz Executive Chairman Executive Director / Non-Executive Director Joint Company Secretary Neil Hackett Mal Randall Non-Executive Director / Non-Executive Director Joint Company Secretary 8
Slide 9: Experienced Senior Management Team
EXPERIENCED SENIOR MANAGEMENT TEAM Hastings leadership team Charles Lew Tim Gilbert Teck Lim Vince Catania Executive Chairman Chief Operating Officer Chief Financial Officer GM - Corporate Peter Phan Dr Louis Schürmann Brianna Kent Neils Hachmann Project Director Chief Geologist Human Resources Mana
Slide 10: Year in Review
YEAR IN REVIEW Significant progress made over the past 12 months to advance and de-risk project delivery Q1 FY241 Q2 FY242 Q3 FY243 Q4 FY245 1H FY256 Offtake contract with Germany’s Engineering and design Binding Term Sheet signed for Appointment of Dr John World’s leading magnet manufacturer, thyss
Slide 11: Strategic Partnerships
STRATEGIC PARTNERSHIPS End users of rare earths concentrate About JL Mag About Neo Performance Materials INC. (HAS 21.5%) • World’s #1 producer of high-performance rare earth permanent magnets by REE magnet manufacturing facility REE separation plant volume and widely acknowledged as the world leade
Slide 12: Resolutions
RESOLUTIONS (RESULTS TO BE RELEASED POST AGM) 12
Slide 13: Management Presentation
MANAGEMENT PRESENTATION 13
Slide 14: Snapshot - Yangibana
SNAPSHOT - YANGIBANA Yangibana AUSTRALIA Significant value upside from development of the Yangibana Rare Earths & Niobium Project Yangibana Project World-class project with robust economics Reserve inventory of 20.93mt containing 188kt of TREO3, supporting 17-year mine life $474m $480m Niobium Resou
Slide 15: Yangibana Project Snapshot
YANGIBANA PROJECT SNAPSHOT Fully permitted and high-margin project with multi- generational opportunities for the Gascoyne region 17-year 20.9mt1 Life-of-mine Ore Reserves 37% High margins Average NdPr:TREO ratio over life-of- First quartile on global operational mine, driving higher realised rare m
Slide 16: 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 Average NdPr:TREO Ratio1 materials for rare earth magnets Mountain Pass (US) 16% Kangankunde (Malawi) 20% NdPr is critical to the N
Slide 17: Capital Costs
CAPITAL COSTS Unuse y t in d genc Con $156m capital investment1 provides strong base to ramp up construction. $291m remaining capital cost. $156m Capital Cost incurred1 d te $27m ple Represents 33% of total capital cost (including contingency) $30m om Non-Processing Infrastructure dy C $126m investe
Slide 18: Equipment Procured and in Storage in Perth
EQUIPMENT PROCURED AND IN STORAGE IN PERTH Significant Long Lead Time Items available for deployment Beneficiation Plant Equipment Pumps and Equipment Off-Gas Scrubber and Uranium Removal Circuit 18
Slide 19: Yangibana Projects Update
YANGIBANA PROJECTS UPDATE Construction readiness activities followed by 2-months mobilisation, and 18-months construction to First Concentrate. Until FID Q1 Q2 Q3 Q4 Q5 Q6 Q7 • Prior to FID focus on key construction readiness activities: • Flight services Construction Readiness • Camp services FID •
Slide 20: Niobium Market
NIOBIUM MARKET Niobium is a critical and strategic mineral Niobium Demand Drivers3 ~90% of the world’s niobium produced by Brazil2 Listed as a critical mineral by the US, Australia1, India, Japan, China and the EU. Ranked number 2 out of 50 on the US Critical Minerals List2 Majority of niobium used
Slide 21: Maiden Niobium Resource at Yangibana
MAIDEN NIOBIUM RESOURCE AT YANGIBANA1 Measured and indicated category released in September 2024 Maiden Niobium Pentoxide Measured and Indicated Mineral Resource now 6.7Mt at 2,305ppm for 15,501t Nb2O5 Niobium (Nb2O5) concentrations occur in the form of mineral ferro-columbite at the Yangibana Proje
Slide 22: ESG Highlights – 2024 in Review
ESG HIGHLIGHTS – 2024 IN REVIEW Native Title Review, Environment & Approvals, ESG Workstreams 5-year Review of Thiin-Mah, Warriyangka, Tharrkari and Jiwarli (“TMWTJ”) and Hastings Native Title reaffirmed their mutual commitment to working collaboratively to Agreement develop the Project following a
Slide 23: Looking Forward
LOOKING FORWARD Indicative timeline and milestones 2024 2025 2026 2027 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 NPI (Airstrip, Village, Access Roads, Borefields) Long Lead Equipment KEY FOCUS Capex/ delivery model update FID Process Plant EPC/ Niobium reserves, Main Construction Capex, flow s
Slide 24: 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 $258m Net revenue (Life-of-Mine) Free cash flow (Life-of-Mine) Average EBITDA per annum Key Material Assumptions / Updates The Base Case Financial Model
Slide 25: Hastings
hastings
Slide 26: Thank You
THANK YOU 26
Slide 27: Appendix
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Slide 28: Yangibana Project – Resources and Reserves
YANGIBANA PROJECT – RESOURCES AND RESERVES MINERAL RESOURCES AND ORE RESERVES1 TOTAL JORC (2012) MINERAL RESOURCES (30 OCTOBER 2022) Category mt %TREO %NdPr TREO tonnes Yangibana Measured 4.97 0.96 0.37 47,721 Category mt %TREO %NdPr TREO tonnes Indicated 19.51 0.88 0.32 171,936 Measured - - - - Sub
Slide 29: Yangibana Project – Peer Comparison
YANGIBANA PROJECT – PEER COMPARISON PEER COMPRISON – NDPR:TREO RATIO Ore Reserves Ore Reserves Ore Reserves Ore Reserves Ore Reserves Ore Reserves NdPr:TREO Majority / Full Stage of (Proved) (Proved) (Probable) (Probable) (Total) (Total) ratio1 Mine Ticker Capex (A$m) Source Ownership Development Mt
Slide 30: 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 30
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