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.£37.1m
Last close0.04p
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
Actual40.7(32.1)(5)
Relative *37.1(34.2)(16.1)

* % Relative to local index

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Company news

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

Thu, 25 Aug 2016 23:48:45 GMT

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

Mon, 01 Aug 2016 04:51:20 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

VIDEO: Volt Resources Ltd (ASX:VRC) Corporate Overview Video

Sun, 28 Aug 2016 23:37:30 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 30/03/2017

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 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.

Last updated on 04/04/2017

Industry outlook

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 04/04/2017

Company address

United Kingdom