Hastings Technology Metals Limited · ASX:HAS
Hastings Technology Metals — Hastings Rare Metals — Investor Presentation (November 2014)
45 slides from Hastings Technology Metals's investor presentation, November 2014
Slide 1: Critical Rare Earths: A Strategic Investment Opportunity
Critical Rare Earths A Strategic Investment Opportunity Investor Presentation | November 2014 May 13 Hastings Rare Metals (ASX: HAS) 1
Slide 2: Disclaimer
Disclaimer 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 potential investment in t
Slide 3: Key reasons to invest in Hastings
Key reasons to invest in Hastings Leading Australian Rare Earths Company • Hastings Rare Metals (ASX: HAS) owns two rare earths Established two projects (Yangibana 70-100%) and (Hastings 100%) both in JORC Resources Western Australia • Yangibana contains predominance of critical rare earths Projects
Slide 4: Yangibana and Hastings Rare Earth Projects
Yangibana and Hastings Rare Earth Projects 4
Slide 5: Strong board and management
Strong board and management Charles Lew Chairman • Founder of Equator Capital • Director of RHB Investment Bank • Over 25 years experience in investment banking Tony Ho Malcolm Mason Non Executive Director & Non Executive Director Chair of Audit Committee • Director of Bioxyne, • +45 years experienc
Slide 6: HAS shareholder base
HAS shareholder base Existing shareholders* Shareholders Shares on issue 261 million Singapore Investors Unlisted options 20 million UK Investor Market capitalisation (at 7c) $18 million Top 20 = 70% 30.2% Other = 30% Japan Investors Cash (September 2014) $2.6 million 71.8% 5.8% 2.0% Other sharehold
Slide 7: Introduction to Rare Earths
Introduction to Rare Earths May 13 Hastings Rare Metals (ASX: HAS) 7
Slide 8: Uses of Rare Earths
Uses of Rare Earths HAS targets to fill a niche supply market outside of China for selected Critical and Heavy Rare Earths elements “The list of things that contain Rare Earths is endless” Benefits of using Rare Earths The use of Rare Earths reduces: ü Weight ü Emissions ü Energy consumption The use
Slide 9: HAS can supply Critical Rare Earths
HAS can supply Critical Rare Earths HAS projects contain significant quantities of “critical” rare earths Yangibana Project Rare Earths Critical Supply Matrix (5-15yr) • Neodymium (and Praseodymium): Major components of the most widely used permanent Hastings Rare Earths mix magnets, also in lasers
Slide 10: Critical Rare Earth Oxide Prices
Critical Rare Earth Oxide Prices Current commodity prices of Critical Rare Earths Oxides (CREOs) 23rd October 2014 – (Source “Metal Pages”) • Neodymium – US$59.50/kg • Praseodymium – US$119.50/kg • Dysprosium – US$340/kg • Europium – US$725/kg • Yttrium – US$13.30/kg • Hence the value of the Yangiba
Slide 11: New Management, New Strategic Plan
Hastings Rare Metals Limited - Year 2014 New Management New Strategic Plan Continuing Successes Meeting Objectives May 13 Hastings Rare Metals (ASX: HAS) 11
Slide 12: Change in Management
Change in Management December 2013 Charles Lew becomes Chairman of Hastings February 2014: Strategy Meeting to review the Company’s future Decisions made: • Rare Earths would remain the commodity of focus for Hastings. • Hastings would seek to put an Australian REO project into production. • Hasting
Slide 13: Stage 1 Programme: Hastings Project Evaluation
Stage 1 Programme Hastings Project Evaluation Main Zone • Previous drilling by the Company had defined a JORC Resource of 36mt averaging 0.21% TREO of which 80% was HREO, plus significant niobium oxide content. The mineralisation is fine grained and difficult to beneficiate. • To significantly impro
Slide 14: Stage 1 Programme: Yangibana Project Title and Ownership
Stage 1 Programme: Yangibana Project Title and Ownership Objective: As part of the Strategy it was decided that title and ownership would be investigated to consolidate ownership and increase land holdings ensuring control of all ground with potential for REE deposits • All open ground potentially c
Slide 15: Title and Ownership as of January 2014
Stage 1 Programme: Yangibana Project Title and Ownership Tenement Title and Ownership as of January 2014 – HAS 60% in JV 15
Slide 16: Title and Ownership as of November 2014
Stage 1 Programme: Yangibana Project Title and Ownership Tenement Title and Ownership as of November 2014 – HAS 70% in JV 16
Slide 17: Yangibana Project Title & Ownership November 2014
Stage 1 Programme: Yangibana Project Title & Ownership November 2014 17
Slide 18: Yangibana Project Historical Exploration
Stage 1 Programme Yangibana Project Historical Exploration • Historical exploration including drilling in the 1980s had located Rare Earths mineralisation at eleven prospects. • A non-JORC Resource Estimate gave a total resource of 3.5mt at a grade of 1.7% TREO 18
Slide 19: Stage 1 Programme: Yangibana Project Drilling
Stage 1 Programme Yangibana Project Drilling Objective: The Stage 1 Programme was designed to determine if the North Yangibana prospect, which was considered to have the best potential, was of sufficient size, grade and geometry to indicate it was of economic interest either alone or in conjunction
Slide 20: Yangibana Drill location and metre%TREO plan
Stage 1 Programme Yangibana Drill location and metre%TREO plan 20
Slide 21: Yangibana North Prospect RC Drill Hole Assay Results
Stage 1 Programme: Yangibana North Prospect RC Drill Hole Assay Results Results: The Yangibana North Deposit proved to contain significant Rare Earth Mineralisation. Best drill hole intersections were – Hole No Interval TREO Nd2O3 Pr2O3 Dy2O3 Eu2O3 (metres) (%) (ppm) (ppm) (ppm) (ppm) 25 9 1.14 2329
Slide 22: Yangibana North Prospect Maiden JORC Compliant Resource
Stage 1 Programme: Yangibana North Prospect Maiden JORC Compliant Resource • In July 2014 a JORC compliant resource estimate of 3.36mt at a grade of 1.34% TREO containing 45,000t of TREO was announced. Resource TREO Nd2O3 Pr2O3 Dy2O3 Eu2O3 Category (tonnes) (%) (ppm) (ppm) (ppm) (ppm) Indicated 1,86
Slide 23: Yangibana North Prospect Plan
Stage 1 Programme: Yangibana North Prospect Plan showing Topography, Drill Holes and JORC Indicated Resources with grade and area of Inferred Resources 23
Slide 24: Stage 2 Programme: Yangibana Project Evaluation
Stage 2 Programme: Yangibana Project Evaluation “Yangibana North has proved to be a significant deposit of Rare Earth Oxides comprising a high proportion of valuable neodymium, praseodymium, europium and dysprosium” Conclusion: Implementation of the Stage 2 Evaluation Programme is warranted; concent
Slide 25: Stage 2 Programme: Work Undertaken
Stage 2 Programme Yangibana Project Work Undertaken Work Undertaken: • RC percussion drilling 122 holes for 6,624m • Diamond Drilling 9 holes for 170.1m • Bulk density Rare Earth mineralised zone 2.8 based on weight and volume measurements on core • Two Metallurgical samples collected from Bald Hill
Slide 26: Stage 2 Programme: Yangibana Project Results
Stage 2 Programme Yangibana Project Results Results: • Significant intersections were made in all prospects • JORC compliant resources have been estimated for all prospects drilled. • The Yangibana Project has substantial defined and potential additional high grade neodymium, praseodymium, europium,
Slide 27: Stage 2: Yangibana North Prospect Best RC Intersections
Stage 2 Programme: Yangibana North Prospect Best RC drill intersections From To Interval (%) (%) (%) (ppm) (ppm) (m) (m) (m) TREO Nd2O3 Pr2O3 Dy2O3 Eu2O3 Yangibana North – Western Extension YN57 11 16 5 2.38 0.49 0.15 78 151 YN63 2 7 5 2.21 0.40 0.13 42 92 YN64 5 16 11 2.28 0.46 0.14 63 137 Yangiban
Slide 28: Drill Cross-section Eastern Line YN41 – YN47
Stage 2 Programme Yangibana North Prospect Drill Cross-section Eastern Line YN41 – YN47 2.8m intercept in DDH 28
Slide 29: Diamond Drill Core Rare Earth ironstone intersection
Stage 2 Programme: Yangibana North Prospect Diamond Drill Core Rare Earth ironstone intersection 29
Slide 30: Drill Cross-section Western Extension YN62 – YN64
Stage 2 Programme Yangibana North Prospect Drill Cross-section Western Extension YN62 – YN64 Extensive and near horizontal 30
Slide 31: Drill Rig, Hole Sites and Sample Bags
Stage 2 Programme Yangibana North Prospect Drill Rig, Hole Sites and Sample Bags - HyVista 31
Slide 32: Drill Hole Sites, Access Tracks, Outcrop Gossan
Stage 2 Programme Yangibana North Prospect Drill Hole Sites, Access Tracks, Outcrop Gossan 32
Slide 33: May 13 Strictly (ASX: Confidential
May 13 Strictly(ASX: Hastings Rare Metals Confidential HAS)
Slide 34: Bald Hill South Prospect Best Drill Intersections
Stage 2 Programme Bald Hill South Prospect Best Drill Intersections From To Interval (%) (%) (%) (ppm) (ppm) (m) (m) (m) TREO Nd2O3 Pr2O3 Dy2O3 Eu2O3 Bald Hill South BHRC12 3 8 5 1.03 0.35 0.08 43 60 and 12 18 6 1.09 0.37 0.08 49 76 BHRC25 5 8 3 2.50 1.09 0.19 175 217 BHRC26 11 15 4 1.24 0.44 0.09 9
Slide 35: Frasers, Kane's Gossan, Lion's Ear and Gossan Best Drill Intersections
Stage 2 Programme: Frasers, Kane’s Gossan, Lion’s Ear and Gossan Prospects - Best Drill Intersections Prospect From To Interval (%) (%) (%) (ppm) (ppm) Hole No (m) (m) (m) TREO Nd2O3 Pr2O3 Dy2O3 Eu2O3 Frasers FR9 101 108 7 3.27 1.19 0.29 123 198 FR10 16 18 2 1.94 0.75 0.17 179 186 FR11 56 64 8 1.42
Slide 36: Yangibana Project JORC Resource Estimates
Stage 2 Programme: Yangibana Project JORC Resource Estimates Yangibana Project – Total JORC Resources all seven drilled Prospects Resource Tonnes % ppm Ppm ppm ppm Classification (mt) TREO Nd2O3 Pr2O3 Dy2O3 Eu2O3 Indicated 3.96 1.59 3737 1015 58 100 Inferred 2.83 1.43 3189 916 47 81 6.79 1.52 3509 9
Slide 37: Yangibana North Prospect JORC Resource Estimate
Stage 2 Programme: Yangibana Project JORC Resource Estimates Yangibana North Prospect JORC Compliant Resource Estimate 37
Slide 38: Yangibana North Indicated Resource extent and grade
Stage 2 Programme: Yangibana North Prospect Indicated Resource extent and grade, drill holes and west gossan 38
Slide 39: JORC Resource Estimates Continued
Stage 2 Programme: Yangibana Project JORC Resource Estimates Continued Bald Hill South Prospect JORC compliant Resource Estimate Resource Tonnes % ppm Ppm ppm ppm Classification (mt) TREO Nd2O3 Pr2O3 Dy2O3 Eu2O3 Indicated 1.23 1.22 4162 905 83 100 Other Prospects JORC compliant Resource Estimates 39
Slide 40: Yangibana JORC Resources after Stage 2
Yangibana JORC Resources after Stage 2 • Total project resources significantly increased by 230% from 45,000 contained tonnes of Total Rare Earths Oxides (TREO) to 103,000 contained tonnes • Total project resources contain approximately:- 23,500 tonnes of neodymium oxide (Nd2O3) 6,600 tonnes of pras
Slide 41: Yangibana Project Areas tested by drilling to date
Stage 2 Programme: Yangibana Project Showing limited areas tested by drilling to date 41
Slide 42: Yangibana Scoping Study
Yangibana Scoping Study • With the success of the Stage 2 Drilling Programme, HAS has commissioned an independent mining consultant, Snowden, to undertake a Scoping Study on the Project • This study will determine whether a potential mining and processing operation can be considered feasible based o
Slide 43: Next Stage - Stage 3 Yangibana Pre-Feasibility Study
Next Stage - Stage 3 Yangibana Pre-Feasibility Study • Executive Summary • Project Location • Title and Ownership • Land Access • Geology, Exploration and Mineral Resources (major drilling programmes) • Mining/Crushing • Metallurgical Test Work (major programmes to determine beneficiation, sulphatio
Slide 44: Project development timeline
Project development timeline Yangibana Project 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Scoping Study PFS etc DFS Financing Construction Commissioning Production 44
Slide 45: Hastings Rare Metals Limited Company Information
Hastings Rare Metals Limited Company Information Hastings Rare Metals Ltd Suite 2508, Level 25 St Martins Tower 31 market Street Sydney, NSW 2000 www.hastingsraremetals.com Phone: +61 2 8268 8689 Facsimile: +61 2 8268 8699 Email: info@hastingsraremetals.com Guy Robertson Investor Relations Phone: +6
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