Volt Resources (VRC)

Business description

Volt Resources is a graphite development company. Its main asset is the currently 100%-owned Namangale graphite project located in Tanzania. Volt is currently debt free.

Stock data

Market cap.£26.4m
Last close0.03p
High / Low (52 weeks)0.1p / 0.0p
Stock market listingAU
Forecast net cash (A$m)1.3
Forecast gearing ratio (%)N/A
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual(18.2)(12.9)(72.7)
Relative *(17.7)(12.3)(75.4)

* % 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

Active Runner in Focus: Volt Resources Ltd (VRC.AX)

Mon, 26 Jun 2017 11:48:45 GMT

Volt Resources Ltd (ASX:VRC) Off-Take MOUs with Leading End-User Groups and $4 ...

Thu, 16 Jun 2016 00:45:17 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

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 24/05/2017

Latest research

Investment summary

Volt’s pre-feasibility study (PFS) on Namangale outlined a 170ktpa operation feeding a high-purity graphite concentrate into the lithium-ion battery and expandable graphite end-markets. Relative to six of its most advanced peers, Namangale has a high ranking in terms of estimated operating margins and concentrate purity. Subsequently, Volt has announced plans to develop the project in two stages. Stage 1 will commence in Q417 to produce 10-20ktpa graphite. This will then be expanded in modular fashion from 2020, to 170ktpa, in Stage 2.

Last updated on 01/06/2017

Industry outlook

Volt has secured a binding off-take agreement with US-based NanoGraphene, which we view as de-risking the product for use in high-tech applications. It has also reached agreement with China's Aoyu Graphite to use the latter's excess spheroidisation capacity to generate samples for inspection by prospective customers. On the basis of its PFS, we value Volt at A$264m, or 27c/share, on a fully diluted basis, using a 10% discount rate and a US$1,684/t concentrate basket price.

Last updated on 01/06/2017

Company address

United Kingdom