Hastings Technology Metals Ltd (ASX:HAS) future producer of neodymium and praseodymium to the permanent magnet industry
Monday, Jun 19, 2017
Hastings Technology Metals Ltd (ASX:HAS) is pleased to provide the Company's latest Investor Presentation titled "Future Producer of Neodymium and Praseodymium to the Permanent Magnet Industry".

Key Facts

- Hastings' Yangibana Project in Western Australia - to produce Mixed Rare Earth Carbonate (MREC) rich in Neodymium (Nd) and Praseodymium (Pr)

- Nd and Pr are critical elements in manufacture or Permanent Magnets - used in advanced and green technologies such as wind turbines, electric vehicle (EV), CFC-free refrigeration, robotics, medical, etc.

- Completed pilot plant test-work in beneficiation and hydrometallurgy. Validates Yangibana's simple and cost effective production process

- Definitive Feasibility Study (DFS) to be published by Oct 2017

- Lead Agency Project Status granted by W.A. state government to assist in permit process & final approvals

- Experienced Management Team with rare earths mining and production experience and capability

- Commercial off-take discussions underway with European and Chinese buyers

- Mine Construction in Q2 2018 and Production by 2H 2019, subject to final permitting

- AUD 30m equity raised since 2014 and debt free

- CAPEX of AUD300m required to fund mine and plant construction.

- Estimated NPV ~ AUD 420m and 2.6 years EBITDA payback from commencement date

Yangibana Advantage
High Nd & Pr content means high economic basket value

- Pilot confirmed ore upgrade from ~ 1.2% in-ground to 23% TREO in Beneficiated Concentrate - 18x times upgrade

- Exceptional high recovery & upgrades in:
o Nd & Pr
o Middle & Heavy RE

- Value for each unit of Yangibana RE concentrate is 67% to 270% > many major light RE producers in the world

- Economic Value Factor of 1.91 almost 0% double of China Producer #1

- Yangibana high basket price of USD24.25 (current) due to increase in Nd & Pr prices

Yangibana Beneficiation Flowsheet
Successful completion of pilot plant test work

Continuous Pilot Plant Test - Successfully validated simple and effective flowsheet

Confirmed 70% TREO recovery rates and a concentrate upgrade to 23% TREO ~ 18 times from ore.

- Achieved lower consumption of reagents thereby lower OPEX costs.

- Recent post-pilot Process Optimisation achieved up to 85% TREO recovery

- Engineering design work for full scale processing plant underway

- Flotation concentrate with high % Nd and Pr sent to next stage of processing i.e. hydrometallurgy

Yangibana Hydrometallurgy Flowsheet
Successful completion of pilot plant test work

Hydrometallurgy Pilot plant undertaken for three phases:

- Acid bake
- Water leaching & impurity removal
- Carbonate product precipitation

All three phases exceeded lab results and conform or exceed industry standards.

Produced 50 kg high purity MREC sample for customers containing 40.8% Nd & Pr as % of TREO

For more information, please visit: http://www.hastingstechmetals.com

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