Mining

Vanadium Resources Limited (ASX:VR8)

Industry Group : Materials | Industry Group Name : Metals & Mining

Market Price : AUD 0.080.004 (5.263%)

(as on 2021-10-22 09:56:33)

Market Cap : AUD 37.014 M

Previous Close Open Close* Day Range 52 WEEK HIGH LOW
0.076 0.078 0.08 0.076L 0.08 H 0.023L 0.097 H
Last Trade 0.08
Change% 5.2632
52 W H/L 0.097/0.023
EBITDA -251,021
NPAT After Abnormal Items -583,267
Equity 23.213 M
ROE% -2.51%
Total Liabilities 71,166
Total Revenue 0
Cash and Cash Equivalents 1.803 M

Stock Information

Share price 0.08
Market Cap 37.014 M
Price/Gross Cash Flow -65.72
Dividend Yield Excluding Special 0.00%
Ending Shares 418.444 M
52-Week Range 0.023-0.097
P/E ratio 0.000
Sector P/E --
EPS -0.15
EV/EBITDA --
Net Profit Margin (%) --
Gross Cash Flows Per Share -0.00
Net Gearing -7.77%
Gross DPS (AUD) 0
Gross Dividend Yield (Annualized) 0.00%
Earnings Yield 0.000
Net Tangible Asset (NTA) 0.06
Sales Per Share 0.00
Book Value Per Share 0.06

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About Company

Vanadium Resource Limited (ASX:VR8) is a junior mining company engaged in exploration and development of world’s largest vanadium deposit. The Steelpoortdrift Vanadium Project is a tier-one deposit located in Bushveld Complex in South Africa. The Bushveld Complex carries a reputation of having some of the richest vanadium deposits in the world. VR8 has right to acquire 74% interest in the project that lies in the close vicinity of key infratrructures.

Steelpoortdrift deposit is estimated to hold JORC compliant Mineral Resource of 662 million tonnes (Mt) at 0.77 V2O5. The mineral resource includes 244 Mt of magnetite at 2.14% V2O5 for 5,214,000 tonnes of V2O5. The contained mineral estimate is based on an average 36.85% in-situ magnetite content using 0.45% V2O5 cut-off grade. Based on the current Mineral Resource Estimate, 2.4 Mt of saleable vanadium flake could be produced from the project. The vanadium flake estimates are based on 81% average recovery of V2O5 to produce greater than 98% V2O5. Flake product.

The scoping study and PFS study on the project have revealed data that indicates feasibility of the project with strong economics. Vanadium is an important raw material for preparing light weight and strong steels and other alloys. The demand of high strength steel with relatively low weight is soaring especially in aircraft manufacturing steel and construction businesses. The mine production is on downward slope since 2018 and gap between demand and supply will impact the prices. In absence of major vanadium project, Steelpoortdrift Project will provide a better option of high-grade and long-life mine production.

Vanadium Resources holds 50% interest on the project with a possibility of additional 23.95% interest after the approval of the South African Department of Mineral Resources. The Company has vastly experienced management team with Directors from prominent South African mining industry. The project is well financed and the Company is moving aggressively on development and production phase.

 

 

Corporate Information

company address 108 Outram Street, WEST PERTH, WA, AUSTRALIA, 6005

company phone08 6158 9990

company websitehttp://www.tandoresources.com.au

Dividends

Ex-Dividend Date Franking DPS (AUD) Dividend Yield
30/06/2021 -- 0.000 0.00%
30/06/2020 -- 0.000 0.00%
30/06/2019 -- 0.000 0.00%
30/06/2018 -- 0.000 0.00%
30/06/2017 -- 0.000 --

Event Calendar

Event Type Event Date Event Year
Report (Annual) 2022-09-28 2022
Report (Quarterly) 2022-07-28 2022
Report (Quarterly) 2022-04-27 2022
Report (Quarterly) 2022-01-28 2022
AGM 2021-11-29 2021
Report (Quarterly) 2021-10-29 2021

Financials

Breakdown 30/06/2021 30/06/2020 30/06/2019 30/06/2018 30/06/2017
Trading Revenue -- -- -- -- --
Other Revenue 0 0 2,916 0 0
Total Revenue 0 0 2,916 0 0
Interest Income 65 524 31,573 19,110 0
Interest Expenses 0 0 0 0 0
Expenses -582,483 -2.867 M -3.906 M -1.622 M 0
EBITDA -582,483 -2.867 M -3.903 M -1.622 M 0
Depreciation and Amortization -849 -849 -658 0 0
Depreciation -849 -849 -658 0 0
Amortisation 0 0 0 0 0
EBIT -583,332 -2.867 M -3.904 M -1.622 M 0
Pre Tax Profit -583,267 -2.867 M -3.872 M -1.603 M 0
Tax Expense 0 0 0 0 0
Net Profit After Tax -583,267 -2.867 M -3.872 M -1.603 M 0
Minority Interest 0 0 0 0 0
Preference Dividend 0 0 0 0 0
Net Abnormal Items 0 0 0 0 0
Reported Net Profit After Abnormal Items -583,267 -2.867 M -3.872 M -1.603 M 0
Ending Shares 418.444 M 374.277 M 212.96 M 166.26 M 24.15 M
Weighted Average Shares 383.595 M 356.035 M 189.355 M 113.481 M 24.15 M
EPS After Abnormal Items (cents) -0.15 -0.81 -2.05 -1.41 0
Breakdown 30/06/2021 30/06/2020 30/06/2019 30/06/2018 30/06/2017
Total Current Assets 1.841 M 281,350 1.011 M 4.471 M 4.369 M
Total Non Current Assets 21.444 M 21.616 M 12.524 M 1.321 M 356,447
Total Assets 23.285 M 21.897 M 13.535 M 5.792 M 4.725 M
Total Current Liabilities 71,166 96,560 327,959 83,031 86,755
Total Non Current Liabilities 0 0 0 0 0
Total Liabilities 71,166 96,560 327,959 83,031 86,755
Net Assets 23.213 M 21.801 M 13.207 M 5.709 M 4.638 M
Breakdown 30/06/2021 30/06/2020 30/06/2019 30/06/2018 30/06/2017
Net Operating Cash -375,062 -645,907 -1.359 M -1.067 M 0
Net Invested Cash -71,179 -972,366 -3.595 M -1.066 M 0
Net Financing Cash Flows 2 M 936,550 1.547 M 6.182 M 0
Beginning Cash 248,860 930,583 4.336 M 287,612 0
End Cash Position 1.803 M 248,860 930,583 4.336 M 0
Exchange Rate Adjustments 0 0 0 0 0
Other Cash Adjustments 0 0 0 0 0
Ending Cash 1.803 M 248,860 930,583 4.336 M 0

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