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VULCAN ENERGY RESOURCES LIMITED (VUL)

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ASX, Legal & CGT Status

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

 

REGISTRY:

Automic Group
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU0000066086
Address: Level 2, 267 St Georges Terrace, Perth WA 6000
Tel:  +61 8 6331 6156

Date first listed: 30/05/2018

Sector: Materials 
Activities: Minerals exploration

News & Events

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The suspension of trading in the securities of Vulcan Energy Resources Limited will be lifted immediately following the release by VUL of an announcement regarding a pre-feasibility study for its Zero Carbon Lithium project.

15/01/2021

The company releases a Corporate Presentation.

15/01/2021

The company releases a PFS Presentation.

15/01/2021

The Zero Carbon Lithium Project's1 first Pre-Feasibility Study demonstrates strong potential to develop a cutting edge, combined renewable energy and lithium hydroxide project, in the centre of Europe, with net zero carbon footprint. Positive post-tax NPV of €2.25B (full project, no phasing); phased option shows €700m NPV in Phase 1 and €1.4B NPV in Phase 2. Combined renewable energy-lithium project (no phasing) pre-tax IRR of 26% and post-tax IRR of 21%. Lithium as separate entity from energy shows pre-tax IRR of 31% and post-tax IRR of 26%. Reasonable starting capital cost of €226m for geothermal wells and plant, and €474m for Direct Lithium Extraction plants and Central Lithium Plant (Phase 1, Taro). Phase 2 total CAPEX €1.14B, full project (no phasing) CAPEX €1.74B. Sensitivity analysis shows robust project economics. Geothermal energy part of project supported by favourable feed-in tariff and recent German parliament support for geothermal. Maiden Probable Ore Reserve of 1.12 Mt LCE at 181 mg/l Li across Ortenau and Taro licenses. Main focuses of 2021 to be Definitive Feasibility Study work, permitting, lithium extraction test-work scale up and advancing current discussions with European lithium offtakers.

15/01/2021

The securities of Vulcan Energy Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of VUL, pending the release of an announcement regarding a pre-feasibility study for its Zero Carbon Lithium project.

13/01/2021

The suspension of trading in the securities of Vulcan Energy Resources Limited will be lifted from the commencement of trading on Monday, 16 March 2020, following the release by VUL of an announcement regarding the clarification of VUL's capital structure.

13/03/2020

The Company's positive Scoping Study announcement satisfied the performance milestone for the Class A Performance Shares and Class D Performance Rights which Vulcan issued in connection with the acquisition of Vulcan Energy Resources Pty Ltd announced in July 2019. On 28 Feb 2020, the Company issued the shares on conversion of the relevant performance securities. The Company released an Appendix 2A and cleansing statement on the same day. On 6 March 2020, updated directors' interests and substantial holding notices were released. The conversion resulted in the Company's Managing Director, Dr Francis Wedin's, voting power in the Company increasing from 14.40% to 20.16%. The terms of the Performance Shares and Performance Rights issued in connection with the Vulcan acquisition contain a clause which prevents them from converting to the extent that conversion would result in the holder or any other person being in contravention of s606. These clauses operate so that the maximum number of Performance Shares and Performance Rights can convert without the holder going above 20% voting power, and then conversion of the remainder is deferred until it can occur without the holder breaching the 20% threshold. On their temrs, the Class A Performance Shares could only convert up to the point that Dr Wedin had voting power of 19.99% in the Company, and conversion of the remainder should have been deferred. The remainder were converted at this stage in error, and once the error was identified the Company requested that its share registry rectify this error. Once the registry rectified the error, the Company released corrected disclosures.

13/03/2020

The securities of Vulcan Energy Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of VUL, pending the release of an announcement regarding the clarification of VUL's capital structure.

13/03/2020

The suspension of trading in the securities of Vulcan Energy Resources Limited will be lifted immediately following the release by VUL of an announcement regarding a scoping study.

21/02/2020

Scoping Study for Vulcan's Zero Carbon Lithium Project demonstrates the potential for a combined operation producing lithium hydroxide and renewable energy, with net zero carbon footprint. The Scoping Study is based on a staged expansion plan. Multi-disciplinary, international in-house and independent expert team, in conjunction with specialist consultants, behind the first of its kind Zero Carbon Lithium study. Discussions with potential strategic off-take partners and consideration of financing alternatives have commenced. Positive Scoping Study outcomes expected to trigger the commencement of mineral processing work and a Pre-Feasibility Study targeted for completion in late 2020. Vulcan is leading the mining and resources industry with its unique Zero Carbon Lithium Project.

21/02/2020

The company requests the voluntary suspension remain in place until the company makes an announcement regarding the results of the scoping study at Vulcan's Zero Carbon Lithium Project, which it expects to make by Friday, 21 February 2020.

20/02/2020

The company requests the voluntary suspension remain in place until the company makes an announcement regarding the results of the scoping study at Vulcan's Zero Carbon Lithium project, which it expects to make by Thursday, 20 February 2020.

19/02/2020

The securities of Vulcan Energy Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of VUL, pending the release of an announcement regarding the results of the scoping study at Vulcan's Zero Carbon Lithiumâ„¢ Project.

17/02/2020

name changed from Koppar Resources Limited

21/11/2019

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    05/02/2024Josephine Bush14,200$2.045$29,039
    06/06/2023Gavin Rezos36,773$3.698$136,000
    02/06/2023Mark Skelton1,100$3.700$4,070
    01/06/2023Josephine Bush8,170$3.650$29,821
    13/07/2021Annie Liu22,080$8.131$179,523

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Francis WedinExecutive Chairman06/09/2019
    Gavin RezosNon Exec Chairman06/09/2019
    Cris MorenoManaging Director, CEO01/11/2022
    Thorsten WeimannCOO01/02/2021
    Felicity GoodingCFO15/01/2024
    Gunter HilkenNon Exec Director24/03/2022
    Annie LiuNon Exec Director18/03/2021
    Heidi GronNon Exec Director25/03/2021
    Ranya AlkadamaniNon Exec Director29/04/2020
    Josephine BushNon Exec Director19/04/2021
    Daniel TyddeCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Mark SkeltonNon Exec Director20/04/202201/02/2024
    Robert IeraceCFO01/04/202015/01/2024
    Horst KreuterExecutive Director20/12/201925/03/2021
    Katharina GerberNon Exec Director11/05/202003/09/2020
    Patrick BurkeNon Exec Director05/02/201831/12/2019
    Bill OliverNon Exec Director05/02/201819/11/2019

    Date of first appointment, title may have changed.