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PROSPECT RESOURCES LIMITED (PSC)

Listed on ASX

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

Shareholder links

Our website ranking of PSC: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Link Market Services, Level 12 QV1 Building 250 St Georges Terrace Perth WA 6000

Tel : +61 8 9211 6670 or 1300 554 474
Fax : +61 2 9287 0303
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000PSC9
Address: Suite 24, 443 Albany Highway, VICTORIA PARK, WA, AUSTRALIA, 6100
Tel:  (08) 9472 5502 Fax: (08) 9362 2805

Date first listed: 04/12/2009
Company Secretary: Andrew Whitten
Sector: Materials Industry Group: XMJ
Activities: Minerals Exploration

The suspension of trading in the securities of Prospect Resources Limited will be lifted immediately, following the release by PSC of an announcement regarding a material capital raising.

13/05/2020

The company completes its non-renounceable share rights entitlement offer. The Entitlement Offer closed at 5.00pm (AEDT) on Monday 11 May 2020. The company has received applications for shares totalling A$2,017,238.

13/05/2020

The company lodges its Quarterly Cashflow Report.

30/04/2020

The company lodges its Quarterly Activities Report.

30/04/2020

The company is aware that as a result of COVID-19, there may have been delays associated with postage, which has impacted the timely delivery of the Prospectus and personalised Entitlement Acceptance Form to eligible shareholders of the company. The Directors have resolved to extend the Closing Date of the Offer by 1 week.

28/04/2020

The company has agreed to a request by Uranium One Group JSC to extend their exclusivity under the terms of the Memorandum of Understanding to 10 August 2020. The reason for the extension is the logistical challenges facing all companies during the COVID-19 lockdown.

27/04/2020

The prospectus and personalised entitlement and acceptance form for the offer were dispatched to eligible shareholders today. Eligible shareholders are advised that the offer under the prospectus is now open for subscription and the proposed closing date is Monday 4 May 2020.

17/04/2020

The company has entered into a Memorandum of Understanding with SCRSibelco N.V for the offtake of Arcadia's ultra-low iron petalite product.

15/04/2020

The company releases a notice of Proposed issue of Securities - PSC.

06/04/2020

The company issues a prospectus for a non-renounceable entitlement issue of one (1) Share for every four (4) Shares held by those Shareholders registered at the Record Date at an issue price of $0.05 per Share to raise up to $3,069,897 (based on the number of Shares on issue as at the date of this Prospectus).

06/04/2020

One-for-four Non-Renounceable Rights Issue to raise up to A$3.1m. Priced at A$0.05 per share, a discount of 50% to the last traded price, 64% discount to the 30 day VWAP and 74% discount to the 90 day VWAP. Directors and management to invest A$572,000. Annual operating costs targeted to reduce by 57%. Ability for shareholders to apply for shortfall. Share trading suspension until completion of the capital raising.

03/04/2020

The company requests that the voluntary suspension be effective immediately and remain in place until the earlier of the commencement of normal trading on Friday, 3 April 2020, or the release of an announcement by the company in relation to a material capital raising.

01/04/2020

The company requests that the voluntary suspension be effective immediately and remain in place until the earlier of the commencement of normal trading on Wednesday, 1 April 2020, or the release of an announcement by the company in relation to a material capital raising.

30/03/2020

The company requests that the voluntary suspension be effective immediately and remain in place until the earlier of the commencement of normal trading on Monday, 30 March 2020, or the release of an announcement by the company in relation to a material capital raising.

25/03/2020

The securities of Prospect Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PSC, pending the release of an announcement regarding a material capital raising.

23/03/2020

The suspension of trading in the securities of Prospect Resources Limited will be lifted from the commencement of trading on Monday, 30 December 2019, following the release by PSC of an announcement regarding a capital raising.

30/12/2019

The company has received subscriptions for 4.8m new ordinary shares at A$0.15 per share to raise A$720,000. The proceeds will be used as working capital whilst it works with: Uranium One as it completes its due diligence on Arcadia which, if satisfactory, is expected to progress to: negotiations over an equity investment in Prospect or its subsidiaries; and off-take terms for at least 51% of the Company's future lithium production; and Africa Import Export Bank to arrange the US$143m debt facility; and Additional parties over off-take discussions for our ultra-low iron petalite.

30/12/2019

The company requests that the voluntary suspension be effective immediately and remain in place until the earlier of the commencement of normal trading on Monday, 30 December 2019, or the release of an announcement by the company in relation to a material capital raising.

27/12/2019

The company requests that the voluntary suspension be effective immediately and remain in place until the earlier of the commencement of normal trading on Friday, 27 December 2019, or the release of an announcement by the company in relation to a material capital raising.

24/12/2019

The securities of Prospect Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PSC, pending the release of an announcement regarding a capital raising.

23/12/2019

we understand that on or about this date the company consolidated its shares 1 for 10

21/06/2019

The suspension of trading in the securities of Prospect Resources Limited will be lifted from the commencement of trading on Monday, 12 February 2018, following the release by the Company of an announcement in relation to its conditional placement and offtake with Sinomine and update to its recent placement.

12/02/2018

After market close on 6 February 2018, Prospect received a written request from Sinomine to extend the period for completion of the Placement to allow for further time to discuss: the terms of the Definitive Build and Transfer Contract and the Definitive Facility Agreement; and the potential acquisition of the Arcadia lithium project, via either: an offer to acquire a minimum of 51% of Prospect; or an offer to purchase 100% of the Arcadia lithium project directly. The Directors have considered Sinomine's request and determined that it is in the best interests of shareholders to agree to extend the period to complete the Placement to 31 March 2018 and participate in such discussions as they may result in a better outcome for Prospect's shareholders.

12/02/2018

On Monday 5 February 2018 and Tuesday 6 February 2018, the ASX 200 dropped some 4.71%, as did most major markets around the world. These global market corrections caused a significant drop in the share price of Prospect Resources. As a consequence, the Directors have determined to re-price the subscription price of the $10m placement to 5c per share via a pro-rata issue of 35 million new shares to the placees.

12/02/2018

The securities of Prospect Resources Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement in relation to its conditional placement and offtake with Sinomine and update to its recent placement.

09/02/2018

The suspension of trading in the securities of Prospect Resources Limited will be lifted immediately following the release of an announcement regarding an option agreement.

12/05/2016

The company is pleased to announce the signing of an option agreement on the Arcadia V lithium claims and applications covering the Arcadia Camp, northeast of Harare.

12/05/2016

The securities of Prospect Resources Limited (the "Company") will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

11/05/2016

The suspension of trading in the securities of Prospect Resources Limited will be lifted immediately following the release of an announcement regarding the completion of a share placement to raise US$1,000,000. ASX Code: PSC

21/08/2014

The securities of Prospect Resources Limited (the "Company") will be suspended from quotation immediately at the request of the Company pending the release of an announcement. Security Code: PSC

19/08/2014

to be reinstated to official quotation at the commencement of trading on Thursday 19 July 2012 following effectuation of the deed of company arrangement and completion of a capital raising

17/07/2012

releases pro forma accounts

06/07/2012

name changed from Ethan Minerals Limited

18/04/2012

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    24/11/2016Manana Nhlanhla11,700,000$-0.024$280,800
    02/11/2016Hugh Warner1,500,000$0.030$45,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Hugh WarnerExecutive Chairman03/01/2012
    Sam HosackManaging Director14/07/2018
    Gerry FaheyNon Exec Director15/07/2013
    Harry GreavesNon Exec Director15/07/2013
    HeNian ChenNon Exec Director13/11/2017
    Zed RusikeNon Exec Director26/09/2013
    Meng SunAlternate Director22/12/2017

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Manana NhlanhlaNon Exec Director29/09/201414/05/2018
    Qingjiao YuNon Exec Director18/11/201613/11/2017
    Yan WangAlternate Director18/11/201613/11/2017
    Jonathan PagerDirector03/01/201215/07/2013
    Michael PollakDirector03/01/201215/07/2013
    Julie GlanvilleExecutive Director03/09/200703/01/2012
    Kenneth FitzgeraldExecutive Director03/09/200703/01/2012

    Date of first appointment, title may have changed.