Past year: ▼ 35%(5.30c – 8.90c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
25 Oct 2019quarterly activities report● Neutral
September quarter report: DFS engineering is complete, with financial modelling under way on updated graphite prices and results due this quarter. Cash fell to about $1.8m from $2.9m. Caustic roasting spherical graphite tests are recapped; spherical samples are being prepared for potential offtake partners.
14 Oct 2019admin correction● Neutral
Corrects the voting entitlement record date in the 11 October AGM notice to 7.00pm on 15 November 2019. Administrative correction only, with no new information on the project or finances.
2 Oct 2019security holder rights change● Neutral
Notice to holders that 114.76m listed $0.03 options expire 31 October 2019, with quotation ending 25 October. Shares closed at $0.015 on 1 October, below the $0.03 exercise price, so exercising would currently cost more than buying shares on market.
1 Oct 2019other● Neutral
DFS update: engineering and technical work are complete and cost estimation is in its final stages. The company is awaiting updated graphite price data. Results are now expected this quarter (to December), after earlier targets of June and then September.
30 Sept 2019annual report● Neutral
2019 annual report (year to 30 June) with the chairman's letter on Siviour's advantages and the year's progress. The excerpt shows no new figures; the chairman calls the year challenging for ASX-listed graphite companies.
30 Sept 2019annual report● Neutral
Appendix 4G and 2019 Corporate Governance Statement lodged alongside the annual report. Administrative compliance filing with no new information on the project or finances.
12 Aug 2019other▲ Good
Caustic-roasting tests produced battery-grade spherical graphite from Siviour concentrate, confirming the spherical PFS design assumptions and suggesting possible cost savings. Samples go to potential offtake partners. DFS results are now expected next month.
26 July 2019quarterly activities report▼ Bad
June quarter cash statement: operating cash outflow $1.25m, no financing inflows, leaving cash at $2.88m (from $4.12m). Next quarter's estimated outflows are about $1.49m. No debt.
26 July 2019quarterly activities report● Neutral
June quarter report: DFS, now based on the Optimised Development Plan, has slipped to September 2019 as front-end engineering starts. Cash was about $2.9m at 30 June, down from $4.1m. Other points repeat known Mineral Lease, Atradius and resource news.
20 June 2019investor presentation● Neutral
June 2019 presentation repeating known Siviour facts, including the April resource upgrade and May development plan. Shows 1,153m shares, $4.1m cash at 31 March, no debt, and a $25.4m market cap at $0.022. No new results.
3 May 2019other● NeutralMajor
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30 Apr 2019resource reserve update▲ GoodMajor
Siviour resource upgraded to 87.4Mt at 7.5% TGC (6.6Mt contained graphite), including a first Measured resource of 15.8Mt at 8.8% TGC. 64% is now Measured or Indicated. This follows the late-2018 infill drilling; DFS results are expected near end of June quarter.
30 Apr 2019quarterly activities report● Neutral
March quarter report recaps the Siviour Mineral Lease grant, the Atradius letter of interest (up to ~60% of initial capex) and the spherical PFS. Cash fell to about $4.1m at 31 March from $5.2m at 31 December. No new results.
11 Apr 2019admin correction● Neutral
Additional disclosure for the 9 April presentation, adding JORC references, a resource and reserve table and data sources. No new information; the company says nothing in the original was materially misstated.
10 Apr 2019debt financing▲ GoodMajor
Dutch export credit agency Atradius issued a non-binding Letter of Interest for cover on up to about 60% of Siviour's initial capex. This is a first step: further due diligence and committee approval are needed, and no loan is committed.
9 Apr 2019investor presentation● Neutral
Adelaide conference presentation repeating known Siviour figures and noting the Mineral Lease grant. Shows 1,153m shares, $5.2m cash at 31 December, no debt and a $20.8m market cap at $0.018. No new results.
8 Apr 2019regulatory community update▲ GoodMajor
South Australia's minister granted the Siviour Mineral Lease, resolving the application lodged in August 2018. A mining program (PEPR) must still be approved before mining, and is to be submitted later this year. DFS is due towards end of June quarter.
2 Apr 2019regulatory community update▲ Good
Renascor received and accepted proposed terms for the Siviour Mineral Lease from the South Australian energy and mining department. The terms match its August 2018 application. Ministerial approval is expected this month.
12 Mar 2019half year report● Neutral
Half-year accounts to 31 December 2018 show a loss of $812k, versus $2.74m a year earlier, which included a $2.29m exploration write-down. No impairment this half. Cash was $5.2m per the quarterly report.
12 Mar 2019investor presentation● Neutral
Battery minerals conference presentation repeating known Siviour resource, reserve and PFS figures. Shows 1,153m shares, $5.2m cash at 31 December, no debt and a $19.6m market cap at $0.017. No new results.
4 Mar 2019material agreement▲ GoodMajor
BurnVoir Corporate Finance appointed financial adviser to arrange a development funding package for Siviour, working with Royal IHC. Follows the Royal IHC partnership and the pending DFS; no funding is yet committed.
21 Feb 2019resource reserve update▲ GoodMajor
Spherical graphite PFS projects a combined concentrate and spherical operation with post-tax NPV10 of A$889m, IRR 53% and total capital A$221.5m. Spherical plant capex is A$89.9m. These are prefeasibility-level projections that depend on an assumed A$4,800/t spherical price.
31 Jan 2019quarterly activities report● Neutral
December quarter report: infill drilling confirmed shallow high-grade graphite, Royal IHC partnership signed, Ausmin acquisition completed, and DFS due early Q2 2019. Cash was $5.2m at 31 December, down from $6.6m at 30 September.
20 Dec 2018investor presentation● Neutral
Project update: Siviour DFS now expected in early Q2 2019, with resource modelling done and engineering started. Mining lease decision expected early 2019 and spherical graphite PFS early next quarter. The update also reports offtake and finance talks continuing, with no deals announced.
7 Dec 2018investor presentation● Neutral
Adelaide mining conference presentation repeating known Siviour resource, reserve and PFS figures. Shows 1,153m shares, $6.6m cash at 30 September, no debt and a $21m market cap at $0.018. No new results.
7 Dec 2018drilling result▲ Good
Final 31 DFS drill holes, including all 15 diamond holes, add more shallow high-grade graphite, e.g. 39m at 9.1% from 29m. This completes the infill program and suggests the initial pits could be extended. An updated resource and reserve are expected next quarter.
29 Nov 2018investor presentation● Neutral
AGM presentation repeating known Siviour resource, reserve and PFS figures. Shows 1,153m shares, $6.6m cash at 30 September, no debt and a $21.9m market cap at $0.019. No new information.
28 Nov 2018drilling result▲ GoodMajor
Independent tests upgraded Siviour concentrate to 99.95-99.96% carbon using caustic roasting, rather than hydrofluoric acid, reaching battery grade. Renascor expects lower costs and will update the spherical graphite PFS, due this quarter. These were early sighter tests only.
22 Nov 2018asset acquisition disposition▲ GoodMajor
Renascor completed the 100% acquisition of Ausmin, which holds the Siviour project, by issuing about 187.6m shares to Ausmin shareholders. This closes the deal approved on 3 September and gives full ownership of Siviour.
14 Nov 2018drilling result▲ Good
Assays from a further 44 infill holes show more shallow high-grade graphite, e.g. 35m at 13.2% from 26m. Intersections between and beside the PFS pits suggest the DFS mining schedule could improve. Remaining results to feed the resource update.
