Hastings Technology Metals : Investor Presentation November 2021

Begin the Future - Enabling Green Technologies

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ersonal	AUSTRALIA'S NEXT RARE EARTH PRODUCER
Hastings Technology Metals Limited (HAS.ASX)	Investor Presentation, 25 November 2021

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 ge eral law (whether for negligence, 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 co strued 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
onlyThis 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 met 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
achi	v d.
Giv	n 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
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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.
The scientific and technical information in this announcement and that relates to process metallurgy is based on information reviewed by Ms. Narelle Marriott (Principal Engineer - Beneficiation) and Mr. Zhaobing (Robin) Zhang (Process Engineering General Manager)
of Hastings Technology Metals Limited. Both Ms. Marriott and Mr. Zhang are members of the AusIMM. Each 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. Both Ms. Marriott and Mr. Zhang own shares in the company and participate in the company employee share plan. Ms. Marriott and Mr. Zhang consent 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
Rep	rting 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.
Hastings Technology Metals Limited (HAS.ASX)	Investor Presentation, 25 November 2021	2
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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. 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 "Successful Completion of Yangibana Definitive Feasibility Study", dated 28 November 2017. 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 ot 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
rep rting 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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Hastings Technology Metals Limited (HAS.ASX)	Investor Presentation, 25 November 2021	3
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Australia's Next Rare Earth Producer

52% NdPr to TREO ratio - critical to permanent magnets used in EV's

only		Beneficiation: upgrade of up to 25x mine grade
						Offtake: 10 year contract signed with thyssenkrupp (2)
						Supply: 10 year Master Supply Agreement signed with Schaeffler (2)
use		Early works: commenced Q3 2021, production scheduled for 2024
	Mine Life: 15 years & 16.7Mt of Ore Reserves
ersonal						Market: NdPr pricing improving on strong demand growth(1)
					Capital: A$102.5 million cash on hand.
						L1 Capital owns 7.5% ; Charles Lew - 7.1%

	1	Refer to slide 15 for further detail, source CRU
	2	Refer to slide 18 for further detail.
Hastings Technology Metals Limited (HAS.ASX)	Investor Presentation, 25 November 2021	4

Yangibana Milestones since 2014

First exploration to construction start

MILESTONES							Nov 17
onlyPROJECT
					Native Title
					agreement
					signed	completed
								Nov 17
								DFS
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2014	2015	2017		2018
ersonalUPGRADESRESOURCE&RESERVE
						Nov 17
		Sep 14				5.2 MT JORC
	6.8 MT JORC			Reserves
	Resource	Nov 15	Oct 17
				20.7 MT
			12.4 MT JORC	JORC
				Resource	Resource

Hastings Technology Metals Limited (HAS.ASX)

	Feb 19	Oct 19
	Successful 2nd pilot	EPCM contract
	plant test - Higher	signed with DRA
	Global
	yield
Nov 18
Skyrock Baotou
offtake contract
signed

2019

			Feb 19	Aug	19
			JORC Reserves
			WA Minister of
			increased to
			Environment
Nov		18	10.35MT
	Approval
Total Resource
	obtained
increased to
21.7MT

Investor Presentation, 25 November 2021

		Jun 20		April 21
	Schaeffler
		TK Offtake
	Master Supply
		Contract
	Agreement signed
		signed
					70,000t
		Jul 20
		Finnvera In Principle			Aug 21
		ECA Eligibility
Apr 20	Feb 21		Earthworks
Commonwealth			$100M		Construction
Environmental			Equity		Start
Approval			Raised

2020

2021

July 20
			July 21
Bene & Hydromet
Plants Decoupled	Nov 20		16.7MT Reserve
		8km long		15 Year LOM
		Mineralisation
		confirmed at
		May 21
		BH-SF-F
		27MT JORC
				Resource

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