Hastings Technology Metals Limited · ASX:HAS

Hastings Technology Metals — 11th International Rare Earths Conference 2015

39 slides from Hastings Technology Metals's conference presentation, Nov 10, 2015

  1. Slide 1: ASX Announcement: International Rare Earths Conference presentation

    10 November 2015 ASX Announcement Hastings Technology Metals Limited (ASX:HAS) is pleased to attach a presentation to be given by Mr Malcolm Mason, Director, to the 11th International Rare Earths Conference in Singapore this week. The presentation is titled “Yangibana Neodymium Project – Gascoyne Re

  2. Slide 2: Yangibana Neodymium Project Presentation

    Yangibana Neodymium Project Gascoyne Region Western Australia Project Presentation | November 2015 Yangibana

  3. Slide 3: 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

  4. Slide 4: Experienced Board & Management

    Experienced Board & Management Charles Lew Tony Ho Executive Chairman Non Executive Director & Chair of Audit • Private investor and entrepreneur Committee • Independent Director of RHB Banking • Director of Bioxyne, Greenland Minerals, and Group since 2004 Apollo Minerals • 30+ years experience in

  5. Slide 5: Yangibana Project – Comes to Life

    Yangibana Project – Comes to Life December 2013 - Corporate Changes: • Charles Lew appointed Chairman of Hastings Rare Metals; now Hastings Technology Metals Limited February 2014 - Strategy Meeting: Decisions Objective - seek out an Australian Rare Earths deposit & put into production. • Australia

  6. Slide 6: Yangibana Project - Location

    Yangibana Project - Location Accessible from Carnarvon • In the Gascoyne Region of Western Australia • 900km north of Perth • 280km north-east of Yangibana Carnarvon • 170km north-north-east Gascoyne Junction • Bitumen road from Carnarvon to Gascoyne Junction • Shire maintained road to southern Proj

  7. Slide 7: Yangibana Project - Geography

    Yangibana Project - Geography • Flat, open ground with excellent outcrop • Located on the drainage divide between the Gascoyne River system and the Ashburton River system to the north • Situated on Wanna Pastoral Station • Uninhabited 6

  8. Slide 8: Yangibana Project - Tenements and Geology

    Yangibana Project - Tenements and Geology • Yangibana Project controls all areas considered to have potential for Yangibana-style Neodymium rich Rare Earths mineralisation • Tenements cover 650km2 • Potential for large scale carbonatite- hosted Rare Earths mineralisation at depth 8

  9. Slide 9: Yangibana Project – Operations 2014 (Stage 1)

    Yangibana Project – Operations 2014 Stage 1: 2014 April to May Objective: Determine if economically significant rare earths present at the deposit considered to have the best potential; being Yangibana North • 44 RC holes totalled 1,010m • First JORC Resources Estimate 3.36mt @ 1.34%TREO • Confirmed

  10. Slide 10: Yangibana Project – Operations 2014 (Stage 2)

    Yangibana Project – Operations 2014 Stage 2: June August 2014 Objective: Determine if economically significant rare earths mineralisation present at one or more of seven further deposits. • Bald Hill South, Bald Hill North, Fraser’s, Gossan, Lion’s Ear, Hook, and Kane’s Gossan and • Whether Yangiban

  11. Slide 11: Location of Yangibana Rare Earths Prospects

    Location of Yangibana Rare Earths Prospects 11

  12. Slide 12: Yangibana Project - Markets and Nd2O3-Eq

    Yangibana Project - Markets and Nd2O3-Eq Products and Markets • Neodymium, Praseodymium, Dysprosium and Europium are Yangibana’s main economic Rare Earths and Hasting’s efforts are directed to recovery of these 4 key rare earths. • Neodymium and Praseodymium account for 86% of total in-ground value.

  13. Slide 13: Yangibana Project – Neodymium The Economic Advantage

    Yangibana Project – Neodymium The Economic Advantage Neodymium-rich Rare Earths in the Eastern Belt • Western Belt mineralisation: Nd2O3 comprises about 18% of TREO • Eastern Belt mineralisation: • Nd2O3 comprises about 33% of TREO at Bald Hill South and • more than 40% at Fraser’s Deposit • Hydrome

  14. Slide 14: Scoping Study, PFS and Fund Raising

    Scoping Study, PFS and Fund Raising Scoping Study • By end of 2014 Hastings has a Scoping Study indicating Yangibana’s economic viability and decided to proceed with a Pre-Feasibility Study Equity Raising • A successful A$8.5m fund raising was completed in December 2014 14

  15. Slide 15: PFS Consultants Team

    Yangibana Project : PFS Consultants Team • Study Management, Economic Evaluation Tetra Tech Proteus • Infrastructure,Plant Design/EPCM Tetra Tech Proteus • Geotech, Mine Design/Reserves/Scheduling Snowden • Geology /Resources Snowden, CoxRocks • Metallurgy – Hydromet & refining Core, Tetra Tech Prot

  16. Slide 16: PFS JORC Resources

    Yangibana Project : PFS JORC Resources PFS Resource Drilling Objective: Delineate pit optimised JORC Indicated Resources sufficient for a proposed 1mtpa mining operation for 6-7 years additionally supported by JORC Inferred Resources sufficient for a 15-year mining operation 2015 Exploration drillin

  17. Slide 17: PFS Total JORC Resources

    Yangibana Project : PFS Total JORC Resources Resource Tonnes %TREO %Nd2O3-Eq Category Indicated 8,126,000 1.07 0.46 Inferred 4,236,000 1.07 0.41 TOTAL 12,362,000 1.07 0.44 These resources contain 132,500 tonnes of TREO, including 33,900 tonnes of Nd2O3 8,950 tonnes of Pr2O3 590 tonnes of Dy2O3, and

  18. Slide 18: PFS Bald Hill South Deposit

    Yangibana Project : PFS Bald Hill South Deposit Plan showing Thickness x Nd2O3-Eq% contours Mineralisation intersected over more than 1,200m strike length Shows mineralisation continues below a vertical depth of 60m 18

  19. Slide 19: PFS Bald Hill South Deposit

    Yangibana Project : PFS Bald Hill South Deposit Mineralised zone continues undiminished to the west & depth 19

  20. Slide 20: PFS Fraser's Deposit

    Yangibana Project : PFS Fraser’s Deposit Plan showing Thickness x Nd2O3-Eq% contours Mineralisation drilled over a strike length of more than 500m 20

  21. Slide 21: PFS Yangibana West and North Deposits

    Yangibana Project : PFS Yangibana West and North Deposits Yangibana West & North Thickness x Nd2O3-Eq% contours showing well defined high grade shoots within a continuous and extensive Ironstone vein defined by drilling over more than 1,600m strike length The mineralised limits of the vein are open

  22. Slide 22: PFS Yangibana West and North Deposits

    Yangibana Project : PFS Yangibana West and North Deposits Shallow dipping neodymium rich ironstone vein drilled to +350m down-dip 22

  23. Slide 23: Yangibana North Deposit – Mineralised Zone

    Yangibana North Deposit – Mineralised Zone Diamond Drill Core: showing an intersection of the Mineralised Ironstone Zone (brown) with sharp contacts to overlying (hanging wall) and underlying (footwall ) granite. Therefore open pit mining with low dilution & losses anticipated 23

  24. Slide 24: Yangibana Deposits – Resource Drilling Results

    Yangibana Deposits – Resource Drilling Results www.hastingstechmetals.com Summary All Yangibana Deposits drilled to date have significant: • high grade neodymium, praseodymium, dysprosium and europium Resources • mineralisation that is open-ended along strike and at depth • RE Resources are amenable

  25. Slide 25: PFS Mining Studies

    Yangibana Project : PFS Mining Studies Pit Optimisations: Based on the JORC Indicated Resources, expected metallurgical recoveries and predicted commodity prices, Snowden completed pit optimisation at Bald Hill South, Fraser’s, Yangibana West (100% Hastings) and Yangibana North (70% Hastings) deposi

  26. Slide 26: PFS Mining Studies: Ore Mined

    Yangibana Project : PFS Mining Studies 700 Ore Mined 600 Fraser’s Total movement (kt) 500 400 300 200 Bald Hill South 100 Yangibana West & Yangibana North 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Quarter YN BH FR Mine Scheduling: Studies show a superior fina

  27. Slide 27: PFS Mining Studies: Optimised Pits

    Yangibana Project : PFS Mining Studies BALD HILL SOUTH PIT FRASER’S PIT Optimised pits and associated waste dump designs: YANGIBANA WEST – YANGIBANA NORTH PITS 27

  28. Slide 28: Yangibana – Metallurgical Test Work

    Yangibana – Metallurgical Test Work Comminution: • Standard tests confirm mineralisation is quite friable and significantly different to the host granite Beneficiation Test Work • Gravity, magnetics, and flotation techniques all showed promise • Flotation showing vastly superior results Hydrometallu

  29. Slide 29: Yangibana Project - Metallurgical Investigations

    Yangibana Project - Metallurgical Investigations Beneficiation by Flotation: (Bench scale testing composite drill samples at 80% passing - 75micron) Yangibana North Deposit: concentrate produced with a 13 times increase in rare earths grade to 20% TREO containing 4.25%Nd2O3 (8.3%Nd2O3-Eq), at a reco

  30. Slide 30: Yangibana Project – Simplistic Processing Flow Sheet

    Yangibana Project – Simplistic Processing Flow Sheet 30

  31. Slide 31: PFS Water Resources, Environmental & Native Title

    Yangibana Project : PFS Water Resources, Environmental & Native Title • Water Resources: The Company has identified sources of water of potable quality from within existing Mining Leases sufficient to meet the long term requirements of a one million tonne per annum mining operation. • Flora and Faun

  32. Slide 32: PFS Tenement Holdings

    Yangibana Project : PFS Tenement Holdings Mining Leases Granted (shaded in pink) covering all of current JORC Resources All applications including Miscellaneous and General Purpose Leases expected to be granted by March 2016 Production now only requires compliance with standard regulatory processes

  33. Slide 33: Yangibana Project - Development Timeline

    Yangibana Project - Development Timeline Period Highlight: 4 Plan Actual % Complete (beyond plan) Yangibana Project - % Complete Actual (beyond plan) Development Timeline 2015 (Qs) 2016 (Qs) 2017 (Qs) 2018 (Qs) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Prefeasibility Study ON SCHEDULE Bankable Feasibil

  34. Slide 34: Yangibana Project – Nov 2015 Scoping Study

    Yangibana Project – Nov 2015 Scoping Study Item Units Base Case Plant Throughput Million tonnes per 1.0 annum (mtpa) Project Life Years 7.5 Product Value Neodymium A$m 2,307 Product Value Praseodymium A$m 530 Product Value Dysprosium A$m 151 Product Value Europium A$m 243 Exchange Rate AUD:USD 0.75

  35. Slide 35: Scoping Study Capital Costs

    Yangibana Project : Nov 2015 Scoping Study Capital Costs Category Cost A$m Geology and Mining 9 Processing Plant 154 Project Services 10 Accommodation Camp 20 Infrastructure 28 Management/Services 62 Pre-Production Costs 12 Contingency (40%) 116 Total Capital Costs 411 37

  36. Slide 36: Operating Costs

    Yangibana Project : Nov 2015 Scoping Study Operating Costs Per Tonne Run of Mine* Cost A$m Net Revenue 468 Operating cost 205 Operating Profit 263 * That is Per tonne delivered to the Treatment Plant 38

  37. Slide 37: Nov 2015 Scoping Study Extrapolated 15 Year Operation Case

    Yangibana Project – Nov 2015 Scoping Study Extrapolated 15 year Operation Case Extrapolated Case • Based on an additional 8 years production of similar material • Financial evaluation indicates NPV (10% discount rate) of $900million to $1.1billion • Sound expectation of sufficient resources • with +

  38. Slide 38: Yangibana Project - Summary

    Yangibana Project - Summary Yangibana a likely long term, stable supplier of Neodymium and Praseodymium • Substantial JORC Resources +12mt • Potential to dramatically increase resource base in 650km2 Rare Earth Province • Nd2O3 rich Eastern Bel mineralisation being the economic driver • Low cost ope

  39. Slide 39: Thank You

    THANK YOU Yangibana www. hastingstechmetals,.com 42

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