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.

Stock data

Market cap.A$30.6m
Last closeA$0.03
High / Low (52 weeks)A$0.1 / A$0.0
Stock market listingAU
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual17.468.8(59.1)
Relative *17.659.4(62.3)

* % Relative to local index

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Company news

Y/E Jun Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (c) P/E (x) P/CF (x)
2016A 0.0 (3.4) (3.3) (0.7) N/A N/A
2017A 0.0 (3.3) (2.4) (0.3) N/A N/A
2018E N/A N/A N/A N/A N/A N/A
2019E N/A N/A N/A N/A N/A N/A

Last updated on 03/11/2017

Latest research

Investment summary

Volt has secured A$3.2m via two share issues to existing and new shareholders. The two raises (A$2.3m on 1 November and A$0.9m on 3 November 2017) will allow Volt to complete the critical path revised feasibility study (FS) on its Bunyu graphite project and for working capital purposes. These fund-raises will go towards completing management’s revised FS to better tailor its Bunyu graphite project to more closely match the opportunity in the battery-anode and fire-retardant end-markets, both of which provide the highest growth end-markets for future Bunyu graphite products. We also consider the success of these fund-raises, with the first heavily oversubscribed (56% above the original A$1.5m value), as a vote of confidence in Tanzania and its ability to treat graphite as an industrial mineral and separate from the ongoing negotiations regarding producers of precious metals and diamonds in country.

Last updated on 03/11/2017

Industry outlook

We note the current investment environment in Tanzania surrounding recent media reports concerning gold and diamond producers in country, and also that these issues surround precious metals and diamonds and are not concerned with the industrial minerals sector, and by extension graphite production.

Last updated on 02/11/2017

Key management

Stephen Hunt , Chairman
Trevor Matthews, CEO

Company address

Level 5, London House
216 St. Georges Terrace
Perth
WA 6000
Australia
+61 (08) 9486 7788
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