Volt Resources (VRC)

Business description

Volt Resources Limited, formerly Mozambi Resources Limited, is an Australia-based graphite exploration company. The Company's principal activities include graphite exploration in Mozambique and Tanzania, and coal exploration in Queensland, Australia. It operates through segments, including Mineral Exploration- Mozambique and Mineral Exploration-Australia. Its graphite projects include Balama-Montepuez and Nachingwea. Its Balama-Montepuez project has licenses in Northern Mozambique near the regional center of Balama in Cabo Delgado province. The Nachingwea Project consists of over 18 tenements in South Eastern Tanzania within the Mozambique Mobile Belt. Its coal projects include Queensland; Tete West, which has tenement 3245L that is located around 12 kilometers west of the city of Tete and covers approximately 182 square kilometers, and Muturara, which has tenement 3246L that is located around 58 kilometers south east of the city of Tete and covers over 202 square kilometers.

Stock data

Market cap.£30.3m
Last close0.03p
High / Low (52 weeks)0.1p / 0.0p
Stock market listing
Forecast net cash (A$m)1.3
Forecast gearing ratio (%)N/A
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual(16.2)(45.6)(6.1)
Relative *(16.3)(46.7)(16.5)

* % Relative to local index

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Company news

Volt Resources Ltd in ASX trading halt

Tue, 17 May 2016 04:52:52 GMT

Volt Resources Ltd tests super-size graphite flake at Tanzania project

Mon, 01 Aug 2016 04:51:20 GMT

Key Appointment to Focus Volt Resources Ltd's (ASX:VRC) Global Marketing Efforts

Thu, 25 Aug 2016 23:48:45 GMT

Volt Resources Ltd appoints the experienced Trevor Matthews as CEO

Tue, 29 Nov 2016 00:47:55 GMT

Volt Resources Ltd (ASX:VRC) Project Manager Appointed to Expedite Project ...

Wed, 31 Aug 2016 23:03:45 GMT

Y/E Jun Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (fd) (c) P/E (x) P/CF (x)
2015A 0.0 (0.7) (0.7) (0.2) N/A N/A
2016A 0.0 (3.4) (3.3) (0.4) N/A N/A
2017E 0.0 (2.3) (2.4) (0.2) N/A N/A
2018E 0.0 (2.2) (12.9) (1.1) N/A N/A

Last updated on 15/03/2017

Latest research

Investment summary

Volt’s recent pre-feasibility study on Namangale outlines a 170ktpa operation feeding a high-purity graphite concentrate into the lithium-ion battery (LiB) and expandable graphite end-markets. We have compared Namangale to six of the most advanced East African graphite projects and note Volt’s high ranking in terms of estimated operating margin and concentrate purity. We note the project’s slightly above average capital intensity, but also that it is c 17% lower than Magnis Resources’ BFS-stage Nachu project situated close by. We initiate coverage on Volt with a fully diluted (50/50 debt/equity split) valuation of A$264m or 27 cents per share, using a 10% discount rate and US$1,684/t concentrate basket price. Volt has also secured a binding off-take agreement with a graphene developer, which we view as technically de-risking Namangale graphite for use in high-value and high-tech applications.

Last updated on 15/03/2017

Company address

United Kingdom