View in Other Languages 3394 2576 1988 

Future Producer of Neodymium & Praseodymium to the Permanent Magnet Industry

Investor Presentation March 2018
Investor Presentation March 2018
Sydney, Mar 15, 2018 AEST (ABN Newswire) - Hastings Technology Metals Ltd (ASX:HAS) provides the Company's latest Investor Presentation titled "Future Producer of Neodymium & Praseodymium to the Permanent Magnet Industry".

Summary

- Experienced management team with rare earth production experience

- Definitive Feasibility Study (DFS) completed Nov 2017

- Off-take MOUs signed with Thyssenkrupp, Germany and 3 Chinese RE producers

- Native Title Agreement signed

- Mining Lease granted for 21 yrs since March 2016

- MREC with high NdPr content

- DFS basket price:USD29.20/kg

- Mine construction 2Q 2018
Production Q1 2020

- Probable Ore Reserves 5.15m tonnes

- JORC Resource Estimate
currently @ 21.0m tonnes

- Market Cap A$240m

- NPV A$466m

- IRR 78%

- EBITDA payback 2.3yrs

- Cash post rights issue A$25m

- No debt

- EVs exponential growth of 5x from 2020 to 2040

To view the full presentation, please visit:
http://abnnewswire.net/lnk/IC55YZ17


About Hastings Technology Metals Ltd

Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) is a leading Australian rare earths company, with two rare earths projects hosting JORC-compliant resources in Western Australia.

- The Yangibana Project hosts Probable Reserves totaling 5.15 million tonnes at 1.12% TREO including 0.45% Nd2O3+Pr6O11 within JORC Resources totalling 21.0 million tonnes at 1.17% TREO (comprising Measured Resources of 3.9 million tonnes at 1.19% TREO, Indicated Resources of 8.6 million tonnes at 1.25% TREO and Inferred Resources of 8.4 million tonnes at 1.09% TREO), including 0.40% Nd2O3+Pr6O11.

- The Brockman deposit contains JORC Indicated and Inferred Resources totalling 41.4 million tonnes (comprising 32.3mt Indicated Resources and 9.1mt Inferred Resources) at 0.21% TREO, including 0.18% HREO, plus 0.36% Nb2O5 and 0.90% ZrO2.

- Rare earths are critical to a wide variety of current and new technologies, including smart phones, electric vehicles, wind turbines and energy efficient light bulbs.

- The Company aims to capitalise on the strong demand for rare earths permanent magnets created by expanding new technologies.

 


Contact

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

Guy Robertson
Finance Director
T: +61-9078-7674



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