Hastings Technology Metals Ltd Stock Market Press Releases and Company Profile

View in Other Languages Hastings Technology Metals Ltd (ASX:HAS) 2017年10月投资者演示报告 Hastings Technology Metals Ltd (ASX:HAS) Investor Presentation October 2017 Hastings Technology Metals Ltd (ASX:HAS) 2017年10月投資者演示報告 

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 (googlechartASX: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 advancing its Yangibana Rare Earths Project in the Upper Gascoyne Region of Western Australia towards production. The proposed beneficiation and hydro metallurgy processing plant will treat rare earths deposits, predominantly monazite, hosting high neodymium and praseodymium contents to produce a mixed rare earths carbonate that will be further refined into individual rare earth oxides at processing plants overseas.

Neodymium and praseodymium are vital components in the manufacture of permanent magnets which is used in a wide and expanding range of advanced and high-tech products including electric vehicles, wind turbines, robotics, medical applications and others. Hastings aims to become the next significant producer of neodymium and praseodymium outside of China.

Hastings holds 100% interest in the most significant deposits within the overall project, and 70% interest in additional deposits that will be developed at a later date, all held under Mining Leases. Numerous prospects have been identified warranting detailed exploration to further extend the life of the project.

Brockman Project

The Brockman deposit, near Halls Creek in Western Australia, contains JORC Indicated and Inferred Mineral Resources, estimated using the guidelines of JORC Code (2012 Edition).

The Company is also progressing a Mining Lease application over the Brockman Rare Earths and Rare Metals Project.

Hastings aims to capitalise on the strong demand for critical rare earths created by the expanding demand for new technology products.

abnnewswire.com 


Contact

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

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



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