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Future Producer of Neodymium & Praseodymium to the Permanent Magnet Industry

Investor Presentation Update January 2018
Investor Presentation Update January 2018
Sydney, Jan 24, 2018 AEST (ABN Newswire) - Hastings Technology Metals Ltd (ASX:HAS) provides the Company's latest Investor Presentation.

Hastings Equity Statistics

Steady growth in market cap since Jan 2014

- Market Cap ~ A$ 230m

- ~ 1200 Shareholders - +55% in 2017

- Top 10 shareholders owns 70%

- A$ 46m raised since 2014

- Zero Debt

Definitive Feasibility Study (DFS) - Yangibana (see Note below)

Independent Study by Wave International and Snowden

- JORC resource of 21m tonnes supports an initial 8 years mine life on 100% held ground

- Maiden JORC Probable Ore Reserves of 5.15 million tonnes on 100% owned ground

- Highest known Neodymium & Praseodymium (Nd-Pr) content at 41% of TREO

- Mining 1m tonnes pa to produce up to 15,000 tonnes pa of Mixed Rare Earths Carbonate

- Nd-Pr metallurgical recovery 75.6% achieved in pilot test plant

- Financial Highlights:

o NPV (after tax) = A$466m at 8% discount rate

o IRR = 78%

o EBITDA payback of 2.3 years from average equity drawdown period

o Pre-production CAPEX - A$335m ; OPEX - A$17.06/kg TREO (US$12.8/kg)

- Significant scope to expand production and mine life beyond 8 years

Note: See ASX Announcement 28 November 2017

To view the full presentation, please visit:

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 MREC¹ which it will sell to offtake partners globally.



Hastings Technology Metals Ltd

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