Investor Presentaiton

Project Finance update Credit approvals currently being for A$300 to $400 million in project finance package Loans to be underpinned by long term offtake contracts with German Tier 1 companies, Schaeffler and Thyssenkrupp. KPMG Corporate Finance Australia advising on multi lenders debt financing package. Due diligence refreshed in 1H 2021 and released to prospective lender group in July 2021. Lenders have undertaken extensive review of due diligence materials and are currently seeking credit approvals. Next steps will involve execution of formal loan documentation (contractual close) and completion of standard conditions precedent (financial close) with first drawdown expected in late 2022. Equity raise prior to first drawdown Hastings is actively engaged with: Northern Australia Infrastructure Facility (NAIF): Rare earth being categorised as critical minerals, is eligible for Australian government loan support KFW-Ipex Bank: Germany's state bank with a focus on international project and export finance Finnvera Export Credit Financing: Process plant equipment supplied by Metso Outotec of Finland qualifies for ECA support Commercial banking group KPMG Australian Government KFW NAIF Northern Australia Infrastructure Facility IPEX-Bank FINNVERA Hastings Technology Metals Limited (HAS.ASX) Investor Presentation, 25 November 2021 HASTINGS Technology Metals Limited 17

View entire presentation