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Future Producer of Neodymium & Praseodymium to the Permanent Magnet Industry

Investor Presentation Update
Investor Presentation Update
Sydney, May 2, 2018 AEST (ABN Newswire) - Hastings Technology Metals Ltd (ASX:HAS) provides the Company's latest Investor Presentation.

Steady growth in market cap since Jan 2014

- Market Cap - A$ 220m

- ~ 1200 Shareholders
+55% in 2017

- Top 10 shareholders owns ~ 70%

- A$59m raised since 2014

- Cash: A$25m post rights issue

- No Debt

- Included in the ASX All Ordinaries Index

High Neodymium and Praseodymium content

- Total Measured, Indicated and Inferred Resources now at 21m tonnes (see Note below)

- Total Probable Ore Reserve at 5.15m tonnes and Additional Production Target of - 2.5m tonnes to be added on by late 2018

- In-ground ratio of Nd-Pr as % of TREO ranges from 34% (0.40%/1.18%) to as high as 57% locally at Simon's Find deposit

- Most resources contained on Hastings 100% owned ground and smaller portion on 70% JV ground

Note: Hastings ASX release 22 Nov 2017;

To view the full presentation, please visit:
http://abnnewswire.net/lnk/N30JNCSD


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 MREC which it will sell to offtake partners globally.

 


Contact

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

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



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