Hastings Technology Metals : Investor Presentation July 2022

AUSTRALIA'S NEXT RARE EARTHS PRODUCER

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CORPORATE PRESENTATION | 4 JULY 2022
Begin the Future
HASTINGS TECHNOLOGY METALS LIMITED | ASX : HAS	Corporate Presentation, 4 July 2022
| Hastings Technology Metals Limited | ASX : HAS

Important Notices and Disclaimer

All currency amounts are in A$ unless stated otherwise.

Disclaimer

This presentation has been prepared by Hastings Technology Metals Limited ("Company" or "Hastings"). It does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. You should not treat the contents of this presentation, or any information provided in connection with it, as financial advice, financial product advice or advice relating to legal, taxation or investment matters.

This presentation is provided expressly on the basis that you will carry out your own independent inquiries into the matters contained in the presentation and make your own independent decisions about the affairs, financial position or prospects of the Company. The Company reserves the right to update, amend or supplement the information at any time in its absolute discretion (without incurring any obligation to do so).

Neither the Company, nor its related bodies corporate, officers, their advisers, agents and employees accept any responsibility or liability to any person or entity as to the accuracy, completeness or reasonableness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this presentation or provided in connection with it, or any omission from this presentation, nor as to the attainability of any estimates, forecasts or projections set out in this presentation. Pursuant to the general law (whether for

egligence, under statute or otherwise), or any Australian legislation or any other jurisdiction. Any such responsibility or liability is, to the maximum extent permitted by law, expressly disclaimed and excluded. Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities in the United States or any other jurisdiction where it would be illegal. It does not include all available information and should not be used in isolation as a basis to invest in the Company.

F rward Looking Statements

	This presentation contains reference to certain intentions, expectations, future plans, strategy and prospects of the Company. Those intentions, expectations, future plans, strategy and prospects may or may not be achieved. They are based on certain assumptions, which may not be
onlymet or on which views may differ and may be affected by known and unknown risks. The performance and operations of the Company may be influenced by a number of factors, many of which are outside the control of the Company. No representation or warranty, express or
	implied, is made by the Company, or any of its directors, officers, employees, advisers or agents that any intentions, expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved.
	Given the risks and uncertainties that may cause the Company's actual future results, performance or achievements to be materially different from those expected, planned or intended, recipients should not place undue reliance on these intentions, expectations, future plans,
	strategies and prospects. The Company does not warrant or represent that the actual results, performance or achievements will be as expected, planned or intended.
	Competent Persons' Statement
	The information in this release that relates to Mineral Resources is based on information compiled by David Princep and Lyn Widenbar. Both Mr. Princep and Mr Widenbar are independent consultants to the Company and members of the Australasian Institute of Mining and
	Metallurgy (AusIMM). Mr Princep and Mr Widenbar have sufficient experience relevant to the styles of mineralisation and types of deposits which are covered in this announcement and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012
	edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' ("JORC Code").
	The information in this announcement that relates to the Ore Reserves at Bald Hill, Fraser's, Auer, Auer North, Yangibana, Yangibana West and Yangibana North is based on information reviewed or work undertaken by Mr. Stephen O'Grady, member of the Australasian Institute of
	Mining and Metallurgy, and a Director of Intermine Engineering Consultants. Mr O'Grady has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the preparation of mining studies to qualify as a Competent Person as defined by
	the JORC Code 2012. Mr O'Grady consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.
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	The scientific and technical information in this announcement and that relates to process metallurgy is based on information reviewed by Ms. Narelle Marriott (General Manager Processing) of Hastings Technology Metals Limited. Ms. Marriott is a member of the AusIMM and has
	sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined by the JORC Code 2012. Ms. Marriott owns shares in the company and participates in the company
	employee share plan. Ms. Marriott consents to the inclusion in this announcement of the matters based on their information in the form and context in which it appears.
	The information in this announcement that relates to Exploration Results in relation to the Yangibana Project is based on information compiled by Mr. Andrew Reid BSc (Hons) MSc FAUSIMM, a Competent Person, who is a Fellow of the Australian Institute of Mining and Metallurgy.
	Mr. Reid is a full-time employee of the company in the role of Chief Operating Officer and has sufficient experience that is relevant to the activity being undertaken to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration
	Results, Minerals Resources and Ore Reserves. The Competent Person has verified the data disclosed in this release, including sampling, analytical and test data underlying the information contained in this release. Mr. Reid owns shares in the company and participates in the
	employee share plan. Mr. Reid consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears.
2	| Hastings Technology Metals Limited | ASX : HAS	Corporate Presentation, 4 July 2022
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Important Notices and Disclaimer

ASX Listing Rule 5 requirements

	This presentation includes estimates of mineral resources and ore reserves in relation to Hastings' mining projects. Hastings has previously reported these estimates in the ASX announcements "Yangibana Project updated Measured and Indicated Mineral Resource Tonnes up by
	54%, TREO oxides up 32%", dated 5 May 2021 and "Yangibana Rare Earths Project Significant Ore Reserve Tonnes increase of 37%, NdPr Tonnes up 18% to 58Kt", dated 27 July 2021 and "Hastings to Acquire 30% Yangibana Joint Venture Interest from Cadence Minerals Plc"
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	dated 23 June 2022. Hastings confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and all material assumptions and technical parameters underpinning the estimates in the original market
	announcements continue to apply and have not materially changed.
	This presentation contains production targets and forecast financial information derived from a production target. Hastings has previously reported the production targets and forecast financial information in the ASX announcement "Yangibana Project NPV8 Increases 84% to A$1
	bi ion (post tax)", dated 21 February 2022. Hastings confirms that all material assumptions underpinning the production targets, and the forecast financial information derived from the production targets, continue to apply and have not materially changed.
	JORC Code
	It is a requirement of the ASX Listing Rules that the reporting of ore reserves and mineral resources in Australia comply with the Joint Ore Reserves Committee's Australasian Code for Reporting of Mineral Resources and Ore Reserves ("JORC Code"). Investors outside Australia
	should note that while ore reserve and mineral resource estimates of the Company in this document comply with the JORC Code (such JORC Code-compliant ore reserves and mineral resources being "Ore Reserves" and "Mineral Resources" respectively), they may not comply with
	the relevant guidelines in other countries and, in particular, do not comply with (i) National Instrument 43-101 (Standards of Disclosure for Mineral Projects) of the Canadian Securities Administrators (the "Canadian NI 43-101 Standards"); or (ii) Industry Guide 7, which governs
	disclosures of mineral reserves in registration statements filed with the SEC. Information contained in this document describing mineral deposits may not be comparable to similar information made public by companies subject to the reporting and disclosure requirements of Canadian
	or US securities laws. In particular, Industry Guide 7 does not recognise classifications other than proven and probable reserves and, as a result, the SEC generally does not permit mining companies to disclose their mineral resources in SEC filings. You should not assume that
	quantities reported as "resources" will be converted to reserves under the JORC Code or any other reporting regime or that the Company will be able to legally and economically extract them.
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3	| Hastings Technology Metals Limited | ASX : HAS	Corporate Presentation, 4 July 2022

Australia's Next Rare Earths Producer

		Globally significant	• NdPr is critical to the global energy transition - permanent magnets are key components of EV's and wind turbines with no substitute
		• NdPr market expected to be in significant supply deficit by late 2020s - Yangibana estimated to account for 6-8% of global NdPr supply
		supplier of NdPr	• Rare Earths deemed a critical mineral by the EU Commission, US Department of Energy and Australian Critical Minerals Office
		Unique deposit in Tier I	• World leading composition of NdPr (up to 52%) in RE basket - more than double the world average
		• Ore grades significantly improved by beneficiation - producing a high grade concentrate containing up to 27% total rare earth oxides
only		jurisdiction	• Located in Tier 1 mining jurisdiction of Western Australia, Onslow well serviced with major existing infrastructure
	Attractive project	• 16.7Mt Ore Reserve; 15 year mine life producing 15,000tpa of high grade Mixed Rare Earth Carbonate ("MREC")
		• NPV8 (post-tax) of A$1,012m and post-tax IRR of 26%1
use		economics	• Significant exploration upside to expand existing Mineral Resources and discover new rare earth deposits
Offtake secured with blue-	• ~70% of production is contracted for the first 10 years
• 10 year Offtake Agreement signed with thyssenkrupp in April 2021
		chip counterparties	• 10 year Master Supply Agreement with Schaeffler to supply feed for a mine to magnet supply chain within Europe
		Funding well advanced,	• Northern Australian Infrastructure Facility ("NAIF") has approved A$140m loan facility underpinning debt funding requirements
		• Well advanced on discussions with other debt and equity providers for remaining funding including German State bank, KFW-Ipex Bank.
ersonal		NAIF secured	• ~A$131.3m of cash on balance sheet as at 31 Mar 2022
	Experienced leadership	• Board and Executive Leadership Team with a proven track-record of delivering success for shareholders
		strongly aligned to	• Shareholder alignment with the Board & KMP's currently holding a collective ~7.4% (including ~6.8% by Executive Chairman Charles Lew)
		shareholders

1 Refer ASX announcement "Yangibana Project NPV8 Increases 84% to A$1 Billion (post-tax)"dated 21 February 2022

4 | Hastings Technology Metals Limited | ASX : HAS	Corporate Presentation, 4 July 2022

Corporate Overview

Hastings is an emerging ASX-listed company focused on the development of its Yangibana Rare Earths Project

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Yangibana Project
	Downstream - Onslow Hydrometallurgical Location			Broome	Halls Creek
				REGION
		Wheatstone LNG Project	Port Hedland			Brockman
					Pilbara Region, WA	Dampier
	Wheatstone Construction Camp			Onslow			Project
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					15,000tpa MREC containing:
					8,500tpa TREO	Carnarvon
					3,400tpa NdPr
						Meekatharra
		Upstream - Yangibana Mine Site Location	Geraldton
ersonal				REGION			Kalgoorlie
			Upper Gascoyne Region, WA
			Perth
					BENEFICIATION
					upgrading ore grade 25x			Albany

PRODUCT

production of high-grade Rare Earths Oxide (REO) concentrate

Early Works Infrastructure under construction Commissioning ahead of production scheduled for late 2024

5 | Hastings Technology Metals Limited | ASX : HAS

Corporate snapshot (1 July 2022) ASX: HAS

Market Cap.	Share price ($/s)
A$416m	A$4.10
Shares on issue	Major shareholders
101.4m

~7.4% held by Board and Executive Leadership Team

Cash and liquid assets1

A$131.3m

1.	As at 31 March 2022	Corporate Presentation, 4 July 2022