Future Producer of Neodymium & Praseodymium to the Permanent Magnet Industry
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 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.
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