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Future Producer of Neodymium & Praseodymium to the Permanent Magnet Industry

Investor Presentation October 2017
Investor Presentation October 2017
Sydney, Oct 27, 2017 AEST (ABN Newswire) - Hastings Technology Metals Ltd (ASX:HAS) provides the Company's latest Investor Presentation.

Overview

- Experienced management team with rare earth production experience

- Definitive Feasibility Study (DFS) due end Nov 2017

- Off-take MOUs signed with 3 Chinese producers; ongoing discussions with Europeans and Japanese

- Mining Lease granted for 21 yrs since March 2016

- Non-China source of supply of Mixed Rare Earth Carbonate (MREC) with high NdPr content

- High basket price: USD30.50/kg vs USD21/kg breakeven cost

- Mine construction 1Q 2018 Production 4Q 2019

- JORC Resource Estimate currently @ 20.6m tonnes

- NPV (est) @ AUD420m, EBITDA payback 2.7 years

- EVs exponential growth of 5x from 2020 to 2040

- Market Cap AUD170m, attractive valuation compared to peers

- Cash in hand AUD19m No debt

To view the full presentation, please visit:
http://abnnewswire.net/lnk/Z16N36E1


About Hastings Technology Metals Ltd

Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) is currently developing a rare earths mine and processing plant at Yangibana in the Gascoyne Region of Western Australia. The processing plant is anticipated to commence production of MREC in late 2019. Hastings has completed both beneficiation and hydrometallurgy pilot plants, in the process producing MREC samples which are high in neodymium and praseodymium content. These are critical materials for the production of permanent magnets and other technology applications. The MREC will be capable of being further separated and refined to produce a number of individual rare earth oxides outside of Australia. Hastings estimates an annual production quantity of 15,000 tonnes of MREC which it will sell to offtake partners globally.

 


Contact

Charles Lew
Executive Chairman
T: +65-9790-9008

Aris Stamoulis
Director Corporate Finance
M: +61-455-105-607



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