Hastings Technology Metals Limited · ASX:HAS
Hastings Technology Metals — Hastings Rare Metals — Investor Presentation (June 2012)
28 slides from Hastings Technology Metals's investor presentation, June 2012
Slide 1: Supplying Heavy Rare Earths For New Technologies
Supplying Heavy Rare Earths For New Technologies 为未来崭新科技供应重稀土 June 2012 Investor Presentation 投资者报告-2012年6月 Hastings稀土有限公司
Slide 2: Important information
Important information 重要声明 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
Slide 3: Agenda
Agenda 议程 1. Uses of rare earths Our Vision 稀土用途 公司发展宏图 2. Heavy rare earths To become an essential supplier of 重稀土 heavy rare earths for high tech industries 3. Projects 项目 成为高科技企业中的重稀土主要供应商 - Hastings project Hastings项目 - Yangibana project Yangibana项目 4. Why Hastings? 为何选择Hastings公司作为你合作伙 伴? 3
Slide 4: Uses of rare earths
Uses of rare earths 稀土应用 “The list of things that contain rare earths is almost endless” 包含稀土元素的产品数之不尽 * National Geographic Magazine - June 2012 国家地质杂志-2012年6月刊 4
Slide 5: Benefits of rare earths
Benefits of rare earths 稀土的好处 Reduces 减少 - Weight 重量 - Emissions 废气排放 - Energy consumption 耗电量 Allows 提高 - Greater efficiency 效率 - Performance 功能 - Speed 速度 - Miniaturisation 微型化 - Durability 耐久性 - Thermal stability 耐热性 5
Slide 6: Heavy rare earths are more valuable
Heavy rare earths are more valuable 重稀土价值更高 $澳元/kg公斤 1200 $1,050/kg - There are 17 rare earth elements 1000 稀土包含17种元素 800 - Heavy rare earths are typically substantially more valuable than the 600 more common light rare earths 重稀土一般要比轻稀土的售价昂贵 400 - Dysprosium oxide and Yttrium oxide Light rare earth
Slide 7: Hastings project is 85% heavies
100 0 10 20 30 40 50 60 70 80 90 Wigu Hill Mountain Pass Sarfartoq Nolans Bore Cummins Range Bear Lodge 稀土项目分布比例 Eldor 重稀土比例占储量的85% Hoidas Lake Mount Weld (ave) Steenkampskraal Hastings project is 85% heavies Zandkopfsdrift Rare earth distribution by project Eco Ridge Kvanefjeld Nechalacho Dubbo Kip
Slide 8: In serious undersupply?
In serious undersupply? 产品是否严重供不应求？ Dysprosium oxide supply/demand Critical Supply Matrix (5-15yr) 氧化镝供求 关键供应网络 (5-15年) Hastings REE mix Tonnes p.a. Demand 2.5x 2010, 23% shortfall 稀土成分分配 每年（吨） 需求预计为2010年的2.5陪, 短缺23% 4000 3447 3500 3000 2799 对 清 2500 2240 洁 供应 能 2000 1902 Supply 源 Demand 的 1500 1377
Slide 9: Forget Chinese supply
Forget Chinese supply “别对中国稀土打主意” CSIRO Tonnes (‘000) 千吨 Chinese export quota 澳大利亚联邦科学与工业研究组织 中国出口配额限制 “Forget Chinese supply” “别对中国稀土打主意” • Need all they can produce 中国需要所有在国产稀土 • The wrong rare earths 国产稀土的搭配不完善 • China may become a net importer of Dysprosium, Yttrium & Neodymium 中国将可能成为对镝、钇及钕的纯进
Slide 10: Sustained price increases
Sustained price increases 价格持续上升 $澳元/kg公斤 2500 Dysprosium oxide 镝氧化物 2000 1500 1000 Heavy rare earth prices are 500 0 10 to 15 times 2009 prices 重稀土价格同比2009年上涨 $澳元/kg公斤 10-15陪 180 Yttrium oxide 160 钇氧化物 140 120 100 80 60 40 20 0 *Metal pages, China FOB prices 10
Slide 11: The Hastings project (100%)
The Hastings project (100%) 公司全资拥有Hastings项目 • Largest heavy rare earth project in Australia, fourth largest globally* 现为澳大利亚最大稀土项目，项目在全球排名第四 • Resources for +25 years at 1mtpa 按每年一百万吨产量，储量能维持25年以上 • To produce over 10,000tpa saleable product including: 每年生产不少于一万吨可买完成品包括： 150tpa Dysprosium oxide 每年1
Slide 12: Resources
Resources 主要矿床 矿产资源 已控制的资源 氧化物140万吨 新的2,540万吨 矿床上方储藏 已控制的资源 新的30万吨 主要矿床 北部伸延矿床 推断的资源 推断的资源 新的6,750万吨 氧化物25万吨 新的210万吨 项目资源纵截面图 • 36mt Indicated and Inferred Resources at 0.21% TREO (0.18% HREO), 0.89% ZrO₂ and 0.35% Nb₂O₅ 指定和推断稀土总储量为3,620万吨，0.21% (重稀土占0.18%), ZrO2的0.9%, 和Nb2O5的0.35% • Open at depth a
Slide 13: Fourth largest HREO project
Fourth largest HREO project 全球第四大重稀土项目 Advanced Rare Earth projects, sorted by contained tonnes of HREO 成熟的稀土项目，排名次序按重稀土吨数含量 Deposit Company Status Contained含 Resource HREO:TREO % % 储藏 公司 状况 * 量 资源 重稀土比例 HREO mt TREO HREO % HREO PROJECTS (>35% HREO:TREO) 重稀土 公吨 轻稀土 重稀土 重稀土项目(重稀土含量比例>35%) Strange Lak
Slide 14: Highest value per kg vs HREO peers
Highest value per kg vs HREO peers 同业中视为每公斤价格最高的重稀土价值 NORRA KARR STRANGE LAKE NECHALACHO DUBBO HASTINGS (Tasman) (Quest) (Avalon) (Alkane) $/kg China In Situ In Situ In Situ In Situ In Situ Oxides FOB* % Dist $/kg % Dist $/kg % Dist $/kg % Dist $/kg % Dist $/kg Lanthanum 28 1.6 0.45 10.1 10.44 7.5 2
Slide 15: Optimised processing
Optimised processing 完善的加工过程 • Significant amounts of processing test work, including 1990 pilot plant test at Warren Spring laboratory in UK 已进行大量的测试工作，包括1990年在英国Warren Spring 实验室 所设的实验工厂 • More than $10 million spent in exploration and lab test work 已投资超过一千万澳元在勘探和实验室测试工作 • Previously optimised met
Slide 16: Hastings products
Hastings products 公司产品 • Electric + hybrid vehicles 电动或混合汽车 Dysprosium Permanent • Wind turbine drives 风轮机发动器 oxide 镝氧化物 Magnets • Disk drives 硬盘驱动器 永久磁石 • Loud speakers, sensors 扬声器、感应器 Yttrium oxide • Monitors, TVs, LEDs 屏幕、电视、LED显示屏 Phosphors • iPad, Phones 平板电脑、手机 钇氧化物 磷光粉 • Lasers, filters, sup
Slide 17: Significant potential
Significant potential 项目具备巨大发展潜力 • Current Indicated Resources confined to central 1.9km of mineralisation 现阶段指定资源只限于以矿床为中心的1,900公 里范围 • Inferred Resources at depth below Indicated Resources and around the northern fold closure 推断资源下面的指定资源层延伸至北部方地 质层 • Southern Extension locally returns high scintil
Slide 18: Pathway to production
Pathway to production 开采生产计划 勘 Drill Program 钻孔计划 Exploration & 探 Definition Reserve 及 储 Optimise Product Suite 优化产品类别 量 确 Pilot Plant 实验性工厂 认 2011 2012 2013 2014 2015 2016 Scoping Study 检验报告 潜 在 Pre-Feasibility Study 前期可行性报告 Pathway to Production Potential 生 产 Definitive Feasibility Study 最终项目综合可行
Slide 19: The Yangibana project (60%)
The Yangibana project (60%) Yangibana项目(控股60%) • Exploration Licences covering 240sq km 勘探许可证范围为240平方公里 • Surface rock chip samples to 19.4% TREO 地表岩石样本达到总稀土氧化物19.4% • Limited drilling indicates average grade of 1.6% TREO 前期钻孔显示平均总氧化稀土质量达到1.6% • Very high neodymium oxide grade averaging 4000ppm Nd₂O
Slide 20: The Yangibana project
The Yangibana project Yangibana项目 RC DRILLING RESULTS INCLUDED 反循环潜孔钻具钻孔结果 Prospect m %TREO 潜在矿区 米 总氧化稀土 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 Yangibana – REO Minerali
Slide 21: Why Hastings?
Why Hastings? 为何选择Hastings为合作伙伴？
Slide 22: Strong board & management
Strong board & management 资深董事局及管理层 David Nolan Alastair Metcalf Tony Ho Steve Mackowski Guy Robertson Andy Border 大卫·鲁麟 阿拉斯泰尔 何东尼 史蒂夫·麦格斯基 盖尔·罗宾逊 安迪·波尔特 Chairman主席 梅特卡夫 Independent Director Technical Director CFO/Company Exploration CEO首席执行官 独立董事 技术总监 Secretary 财务总监、 Manager 勘探经理 •Head of Corporate
Slide 23: Heavy rare earths
Heavy rare earths 重稀土 HREO:TREO 重稀土比例 (%) 85 90 80 70 60 53 对 50 47 清 36 40 洁 40 能 30 23 源 15 20 的 10 0.5 3.3 4.7 重 0 要 性 供应风险 • The Hastings project is Australia’s largest heavy rare earths project and the world’s fourth largest Hastings项目是澳大利亚目前最大型的重稀土项目，世界排名第四 • Heavy rare earths is a supply risk
Slide 24: Market Capitalisation
值 市 公 Market Capitalisation 百万澳元 $millions 50 0 100 150 200 250 300 司 400 450 500 350 Namibian Northern 勘探 Mins Exploration Ucore Frontier Commerce Leverage to upside Res Peak 资源 Quest Resources 同行业中具备最大增长潜力 Greenland Mins Rare Elements Avalon Hastings Tasman 测试 Arafura Test work Alkane Great Wester
Slide 25: HREO vs LREO
HREO vs LREO 重稀土与轻稀土比较 $millions $500 百万澳元 $2,516m $1,963m $450 HREO Deposit $400 重稀土储藏 LREO Deposit $350 轻稀土储藏 Market Capitalisation $300 公 $250 司 市 $200 25.16亿澳元 19.63亿澳元 值 $150 $100 $50 $- Source: Alto Capital 2012 资料来源：Alto 投资银行 2012年 25
Slide 26: Significant milestones
Significant milestones 重要项目里程碑 Next 6 -18 Months 未来6到18个月 • ANSTO work to validate and verify flow sheet and chemistry 澳大利亚核科学技术组织完成对流程计划和化学物进行审查和核实 • Updated scoping study to confirm economics 更新检验报告并确定经济效益 • Optimisation of product suite program 产品优化计划 • Define southern extension opportunity 针对南部延
Slide 27: Key reasons to invest
Key reasons to invest 投资亮点 Rare earths 稀土 • Indispensable for modern manufacturing 与当今生产技术紧紧关连 • Minimal practical substitution or recycling 几乎没有可代替或循环再用的 • Heavy rare earths is a supply risk 重稀土现正面临供应短缺危机 Hastings 项目 • Largest heavy rare earths project in Australia, fourth largest globally 澳大利亚最大储藏
Slide 28: Additional information
Additional information 公司信息 ASX Code 澳洲交易所上市编号 - HAS Shares on issue 129 million 网站：www.hastingsraremetals.com 已发行股票 1.29亿股 Listed options 61 million 电话：Phone: +61 2 9078 7674 公司上市期权 6,100万 邮箱：Email: info@hastingsraremetals.com Unlisted options 47 million 公司非上市期权 4,700万 Major shareholders 主要股东 • Top
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