(MENAFN- ABN Newswire) 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 ( <>
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
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