In today’s briefing:
- Black Rock Mining Ltd – Well Advanced for a Low Capex, High Margin/Return Project
- Rent.com.au Ltd – Tight Housing Market Bites on Advertising, RentPay Shines
- Sovereign Metals Ltd – Aiming to Be a Dominant Producer of Critical Minerals
- Pureprofile Ltd – Guidance for Underlying EBITDA Margin of 11% for FY23
- International Graphite Ltd – Taking a “mine to Market” Approach to Development
- Harvest Technology Group Limited – Interest Level High and Rising
- Australis Oil & Gas Limited – Playing the Waiting Game
Black Rock Mining Ltd – Well Advanced for a Low Capex, High Margin/Return Project
- Black Rock Mining Ltd (ASX:BKT) is developing the Mahenge natural graphite project in Tanzania, eastern Africa and is well advanced in defining and planning a low capex, high margin, high return operation.
- The company holds an 84% interest in Mahenge with the Tanzanian government retaining a free-carried 16% stake.
- Mahenge is one of the largest JORC-compliant flake graphite resources globally and is well positioned to benefit from growing global demand for natural graphite from use in Li-ion batteries.
Rent.com.au Ltd – Tight Housing Market Bites on Advertising, RentPay Shines
- Rent.com.au Limited (ASX:RNT) is a purpose-led company seeking to empower home renters through their technology platform and a growing number of aligned transactional services.
- The company has reported Q3 FY23 revenue of $0.631m, down 26% on the previous corresponding period (pcp) but up 4% on the December quarter.
- Underlying EBITDA was an estimated loss of $0.78m, compared with an EBITDA loss of $0.36m in Q3 FY22 with the bulk of the loss attributable to the investment in RentPay.
Sovereign Metals Ltd – Aiming to Be a Dominant Producer of Critical Minerals
- Sovereign Metals Ltd (ASX:SVM) is an ASX-listed company focused on developing the world’s largest known natural rutile deposit and second largest flake graphite deposit in Malawi in south-east Africa.
- The company is well advanced with its pre-feasibility study and mineral resource update for the Kasiya rutile project and expects to complete this in coming months.
- In March 2023, Sovereign Metals demerged its other graphite projects into a new unlisted public vehicle, NGX Ltd, via an in-specie distribution to shareholders, in order to concentrate on developing Kasiya.
Pureprofile Ltd – Guidance for Underlying EBITDA Margin of 11% for FY23
- Pureprofile Ltd (ASX:PPL) is a data analytics and consumer insights business underpinned by proprietary technology, servicing business decision makers in brands and media companies as well as market researchers.
- The company has an established position delivering insights to clients across 89 countries and has captured through its panel fully declared, deep consumer profiles, first-party data and insights.
- Pureprofile has delivered a 22% increase in quarterly revenue to $10.3m from its core Data & Insights and SaaS platform businesses. Normalised EBITDA from these businesses increased 121% to $1.0m for the quarter.
International Graphite Ltd – Taking a “mine to Market” Approach to Development
- International Graphite Ltd (ASX:IG6) is focused on developing its Springdale graphite project near Hopetoun, Western Australia, in conjunction with its planned Battery Anode Materials (BAM) facility 450kms away in Collie.
- The company listed in April 2022 raising $10m at $0.20/share to give a market capitalisation at listing of $35.9m, fully diluted.
- Since listing, the company has made significant progress with both projects, completing more than 20,400m of infill and exploration drilling at Springdale, leading to four new graphite discoveries; establishing a downstream research and development facility in Collie housing pilot graphite micronizing, spheroidising and purification equipment and completing a definitive feasibility study for a $12.5m commercial micronizing facility at the Collie operation.
Harvest Technology Group Limited – Interest Level High and Rising
- Harvest Technology Group Limited (ASX:HTG) licenses its proprietary video compression and encryption technology for low-bandwidth, high-latency applications needing secure real-time streaming video communication.
- The company delivers solutions for data transfer from anywhere via satellite or congested networks.
- Harvest offers a solution which enables real-time monitoring of remote locations, real-time feedback for field technicians, and secure video conferencing.
Australis Oil & Gas Limited – Playing the Waiting Game
- Australis Oil & Gas (ASX:ATS) is an oil and gas producer/developer, with a strategic and controlling position in the emerging Tuscaloosa Marine Shale (TMS) oil play, onshore US.
- The TMS is an Eagle Ford-equivalent but early-stage oil play with recoverable oil potential of around 7bn barrels – this is the next big thing.
- Australis represents a highly leveraged and attractive exposure to the transformational potential of the TMS oil play.
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