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Future Producer of Neodymium & Praseodymium to the Permanent Magnet Industry

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) 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.



Hastings Technology Metals Ltd

Link: Investor Presentation Update January 2018

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Hastings Technology Metals Ltd

Related Industry Topics:
Mining Rare Earths