Volt Resources

AU: VRC

AU$29.1m market cap

AU$0.02 last close

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

Investment summary

Volt’s feasibility study concerning its Bunyu graphite project in Tanzania (formerly known as Namangale), contemplates a far more appropriately scaled graphite mine (24ktpa of graphite products vs 170ktpa previously) when compared to current graphite demand globally (ie c 1.2Mtpa of natural graphite according to the USGS). Small scale production is also better suited to the as yet unknown, but anticipated, high growth in demand linked to electric vehicle (EV) adoption, and the expandable graphite market (ie fire retardant materials for the construction industry).

Y/E Jun
Revenue (A$m)
EBITDA (A$m)
PBT (A$m)
EPS (fd) (c)
P/E (x)
P/CF (x)
2017A 0.0 (3.3) (3.3) (0.3) N/A N/A
2018A 0.0 (3.5) (3.6) (0.2) N/A N/A
2019E N/A N/A N/A N/A N/A N/A
2020E N/A N/A N/A N/A N/A N/A
Share price graph
Balance sheet
Forecast net debt (A$m) N/A
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual (9.1) 5.3 (35.5)
Relative* (12.0) 8.1 (31.7)
52-week high/low A$0.0/A$0.0
*% relative to local index
Key management
Stephen Hunt Chairman
Trevor Matthews CEO