Informe de medio año
Tapa de cuidado. Prop. Dl-,01
€23.20
19:59 22/03/17
14 de marzo de 2024
neometales ltd
("Neometals" o "la Compañía")
Half Year Report for the 6 months ended 31 December 2023
Productor emergente de materiales para baterías sostenibles, Neometals Ltd (ASX: NMT) ("Neometales" o la "Empresa"), is pleased to advise of the release of the financial report of the Company and its subsidiaries (the "Grupo procesos" o la "Entidad Consolidada") for the half-year ended 31 December 2023 (the "Informe semestral").
A copy of the Company's Half Year Report, extracts from which are set out below, is also available on the Company's website at www.neometals.com.au .
Para obtener más información, póngase en contacto:
neometales ltd | |
Chris Reed, director gerente y director ejecutivo | +61 8 9322 1182 |
Jeremy McManus, director general de propiedad intelectual e infrarrojos | +61 8 9322 1182 |
Cavendish Capital Markets Limited - NOMAD & Broker | |
neil mcdonald | 44 0 131 220 9771 |
Peter Lynch | 44 0 131 220 9772 |
Adán Rae | 44 0 131 220 9778 |
Camarco PR | + 44 (0) 203 757 4980 |
Gordon poole | |
sala de emily | |
lirio pettifar |
REVISIÓN DE OPERACIONES
PANORAMA DE LA COMPAÑÍA
Neometals is focussed on commercialising three environmentally-friendly processing technologies that produce critical and strategic battery materials at lowest quartile costs with minimal carbon footprint.
A través de sólidas asociaciones industriales, Neometals está demostrando los beneficios económicos y ambientales de producir de manera sostenible litio, níquel, cobalto y vanadio a partir del reciclaje de baterías de iones de litio y la recuperación de desechos de acero. Esto reduce la dependencia de las cadenas de suministro tradicionales basadas en minas y crea un suministro circular más resiliente para apoyar la transición energética.
Las tres unidades de negocios principales de la Compañía están explotando las tecnologías bajo modelos de negocios principales, de empresas conjuntas y de licencias:
· Batería de iones de litio ("LIB") Recycling (50% technology) - Commercialisation via Primobius GmbH JV (NMT 50% equity). All plants built by Primobius' co-owner (SMS group 50% equity), a 150-year-old German plant builder. Providing recycling service as principal in Germany and commenced plant supply and licensing activities as technology partner to Mercedes-Benz. Primobius targeting first commercial, fully integrated, 21,000tpa plant offer to Canadian company Stelco in the JunQ 2025;
· Lithium Chemicals (70% technology) - Commercialising patented ELi? electrolysis process, co-owned 30% by Mineral Resources Ltd, to produce battery quality lithium hydroxide from brine and/or hard-rock feedstocks at lowest quartile operating costs. Co-funding Pilot Plant trials in 2023 with planned Demonstration Plant trials and evaluation studies in 2024 for potential 25,000tpa LiOH operation in Portugal; and
· Recuperación de vanadio (100 % tecnología): tiene como objetivo producir pentóxido de vanadio de alta pureza a partir del procesamiento de subproductos de la fabricación de acero ("Escoria") al costo operativo del cuartil más bajo. Apuntando a asociaciones con fabricantes de acero y participantes en la cadena de valor de productos químicos de vanadio bajo un modelo de negocio de licencias de tecnología de bajo riesgo y bajo gasto de capital.
Figura 1: Mapa de ubicación de Proyectos de Neometals junto con desarrollos de socios
UNIDADES DE NEGOCIO DE MATERIALES DE BATERÍAS PRINCIPALES
Reciclaje de baterías de litio Intellectual Property via ACN 630 589 507 Pty Ltd- NMT 50%, SMS 50%) Commercialising via Primobius GmbH, NMT 50% SMS group GmbH 50% |
Primobius GmbH ("primobio") es la empresa conjunta incorporada 50:50 establecida en 2020 para cofinanciar el comercialización de la tecnología de reciclaje de baterías de iones de litio ("Tecnología de reciclaje LiB") desarrollado originalmente por Neometals.
The LiB Recycling Technology recovers materials contained in LiB production scrap and end-of-life cells that might otherwise be disposed of in land fill. Current LiB recycling processes predominantly rely on high carbon emission pyrometallurgy processes. Primobius' two stage process recovers materiales de batería de níquel, cobalto, litio y manganeso (y recupera físicamente metales y plásticos) en productos vendibles that can be reused in the LiB supply chain. The LiB Recycling Technology prioritises maximum safety, environmental sustainability, and product recoveries, to support the circular economy and decarbonisation.
Figura 2 y XNUMX - High level flowsheet showing the movement of materials from Shredding and Beneficiation
('Spoke') through to refining ('Hub') stages for the LiB Recycling Technology.
Intellectual Property Status
During the period the LiB Recycling Technology IP holding company, ACN 630 589 507 Pty Ltd ("ACN630"), was granted three national phase patents (in Australia, Singapore and Eurasia). Fourteen other national phase patents are at various stages of prosecution globally.
Commercialisation Status
El modelo de negocio actual de Primobius contempla las siguientes fuentes de ingresos:
1. Disposal fees (for LiBs supplied by multiple waste aggregators delivering predominantly whole modules) and sale of recovered products (metallic scrap, chemical intermediates and chemicals purchased by various recyclers and smelting customers) from its Disposal Operation in Hilchenbach, Germany;
2. Mechanical equipment and plant supply; and
3. Royalties from licensing proprietary, patented recycling process.
Hilchenbach Disposal Operation
La sección de radios de la planta de demostración en Hilchenbach, Alemania ("Hilchenbach habló") is providing commercial LiB disposal services and the hydrometallurgical refinery 'Hub' operates as a demonstration plant for discrete customer trials, research and development.
The Hilchenbach Spoke produces intermediate mixed nickel/cobalt product ("Masa Negra"). The typical LiB contains approximately 48% Black Mass which Primobius is recovering at high levels and selling to a number of global offtakers on a spot basis with pricing set according to nickel and cobalt content.
Mechanical Equipment and Plant Supply
Los principales acuerdos comerciales a corto plazo de Primobius se resumen a continuación:
· Un acuerdo de cooperación con Mercedes-Benz ("Mercedes") ("Cooperación Mercedes") for the engineering, equipment supply and installation for a 2,500tpa fully integrated, closed-loop recycling plant ("Mercedes Pilot Plant"), 5 year research, collaboration and development of an industrial-scale solution for Mercedes[ 1 ]; y
· Spoke and Hub equipment and plant supply agreements relating to the Mercedes Pilot Plant.
Licencias tecnológicas
· Licencias de tecnología y acuerdos de opción de empresa conjunta con una subsidiaria de Stelco Inc. ("esteco") ("Acuerdos Stelco") which plans to secure large volumes of end-of-life vehicles in North America for scrap steel and recycle LiBs, with offer of maiden 21,000tpa integrated plant ("Stelco habló" seguido por "Centro Stelco") expected before 30 June 2025 [ 2 ].
· Three exclusive licences have been issued for Scandinavia, the Balkans and Italy to third-party licensees and one non-exclusive licence to the UK. Neometals is the largest individual shareholder in the licensees and ACN630 is entitled to receive a 10% gross revenue royalty from the technology licences.
Resumen de actividad
During the period, Primobius made significant technical and commercial progress highlighting its potential to produce battery materials with exceptionally low CO2 huella. It also received its second plant package purchase order from Mercedes subsequent to period end el próximo 10 de enero de 2024. The offer and award of mechanical equipment package plant supply agreements is underpinning a growing order book consistente con the Company's preferred plant supply and technology licensing/royalty business model. Primobius remains busy with evaluation, engineering and design activities associated with the above.
Las actividades significativas comprendieron:
[ 1 ] (para obtener detalles completos, consulte el anuncio de Neometals ASX titulado "Acuerdo de cooperación con Mercedes Benz" publicado el 13th Puede 2022)
[ 1 ] (for full details refer to Neometals ASX announcement headlined "Primobius Commercial Update" released on 22nd December 2023)
Técnico
· Results of trials on a new lithium recovery option for Primobius Hub plant packages confirmed lithium (in precipitated lithium fluoride) recoveries exceeding 93% with purity of 95%. This process improvement option can replace Primobius' current lithium solvent-extraction circuit which produces lithium sulphate ("LiSO4") and is expected to reduce both operating and capital costs. Lithium Fluoride has historically traded at a significant premium to lithium carbonate;
· LiB recycling demonstration trial generated battery-grade nickel sulphate exceeding Chinese cathode producer specifications from recycling EV batteries; and
· Positive results were announced from an independent ISO-compliant cradle-to-gate life cycle assessment ("LCA") completed by Minviro Ltd using detailed engineering data from operations and demonstration trials:
o The LCA focused on Primobius' production of key battery materials (including lithium fluoride, nickel sulphate hexahydrate and cobalt sulphate heptahydrate) and confirmed its integrated hydrometallurgical refining process to have a significantly lower carbon footprint than incumbent production pathways in terms of global warming potential ("GWP"). Total GWP was confirmed to be approximately 85% lower than comparisons with predominant EV supply chains that start with primary mined nickel, cobalt and lithium sources.
Figura 3 y XNUMX - Comparison of GWP impact for producing key materials in Primobius' hydrometallurgical product 'basket'
versus those same refined chemicals that originated from primary mined extraction. Refining data for chemicals
was derived using Chinese (cobalt and lithium) and Indonesian (nickel) operating benchmarks
which represent the largest manufacturing jurisdictions for the respective primary products.
Comercial
· In January, Primobius was awarded a purchase order (value ~ ?18.8M (~ A$30.8M)) from Mercedes for the supply of a hydrometallurgical refining Hub for installation at its Kuppenheim Pilot Plant operation in Germany. PO covers fabrication, installation and commissioning of the Hub which will refine intermediate products from the 2,500tpa shredding 'Spoke' currently being fabricated and installed;
· Primobius amended the technology licence and option agreements with 1340455 B.C. LTD, Stelco's lithium-ion battery recycling special purpose vehicle ("SPV de Stelco"):
§ The changes reflect Stelco's preferred business case to start up as a fully-integrated operation (as opposed to staggered Spoke operations followed by Hub to make integrated facility) to provide the carmakers, who supply the end-of-life EVs, with a secure supply of key battery cathode chemicals. The option agreement amendment extends the option expiry date for Primobius to buy-in to Stelco SPV until 30 June 2025. The technology licence amendment changes the product offering from a shredding spoke to a hydrometallurgical refinery hub and the product readiness date to 30 June 2025. Primobius is working to achieve product readiness for its commercial spoke plants by April 2024. Primobius plans to offer a fully-integrated plant supply contract to the Stelco SPV (and other customers) in the June Q 2025 following completion of a detailed engineering study and final factory acceptance testing of the fully-integrated Mercedes-Benz 2,500tpa pilot plant; and
· Ongoing business development activities to build a global pipeline of potential future recycling plants.
Sector empresarial
· Continued recruitment activities to expand the Primobius technical, operational, commercial and management teams in line with corporate milestones associated with offering mechanical plant and equipment package supply contracts as demand grows.
· Appointment of dedicated Primobius CEO, Dr Michel Siemon on 23 August 2023; and
· Appointment of former Mercedes and VW electric vehicle and battery recycling expert, Christian Reiche to lead Neometals' LiB recycling activities.
Figura 8 y XNUMX - LHS, el recién nombrado CEO de Primobius, Michel Siemon y RHS Neometals, el recién nombrado 'Jefe de Reciclaje', Christian Reiche
Productos químicos de litio |
Neometals, a través de RAM, está comercializando su proceso propietario (¿Eli? Tecnología de procesamiento ("¿Eli?")) para producir hidróxido de litio a partir de soluciones de cloruro de litio usando electrolysis. Neometals has used ELi? to convert lithium chloride solutions produced from both natural spodumene and brine feedstocks at semi-pilot scale. ELi? has the flexibility to produce lithium hydroxide and lithium carbonate and at a significantly lower operating cost than for conventional commercial production processes. ELi's key economic advantage lies in the potential to replace costly, imported bulk reagents for traditional carbonation and causticising processing steps with electricity and low-cost internally generated reagents. RAM holds 19 granted patents in the hard rock and brine producing countries and has a further 12 pending patent applications.
Evaluation studies in 2016 and 2023 indicated the potential for ELi? to significantly reduce the operating cost (~50%) and carbon footprint associated with production of lithium hydroxide from lithium brine sources.
Figura 6 y XNUMX - Esquema que muestra una comparación del diagrama de flujo convencional para
the production of lithium hydroxide from brines with the patented Eli? process.
Intellectual Property Status
During the period RAM was granted a national phase patent in Argentina and advised of the intention to grant one patent in the USA. RAM holds 18 granted patents and 14 patents pending globally at various stages of prosecution across three patent families covering hard rock and brine feedstock flowsheets.
Commercialisation Status
Proyecto Refinería de Litio Estarreja
En el trimestre de diciembre de 2021, RAM entered into a Co-operation Agreement ("Cooperación ELi") with Portugal's largest chlor-alkali producer, Bondalti Chemical SA. Bondalti is part of the Jose De Mello Group, one of Portugal's largest conglomerates, family controlled and founded in 1898. Bondalti and RAM have co-funded evaluation activities to assess the feasibility for construction and operation of a commercial-scale lithium refinery ("Litio Estarreja Refinería"O"ELR"") adjacent to Bondalti's chlor-alkali operations in Estarreja, Portugal.
With the original Pilot Trial activities nearing conclusion, and Bondalti's parent incorporating a dedicated lithium subsidiary, Lifthium Energy SA ("Lifthium"), the Parties allowed the current ¿Eli? Cooperation to lapse on the 30th September 2023. RAM and Bondalti are continuing to co-fund the agreed Pilot Trials in parallel with advanced discussions for a new cooperation agreement which is intended to address the completion of evaluation activities, construction of a demonstration plant and Front-End Engineering and Design Study ("ELi? FEED Study") as well as key commercial terms for licensing and operation.
Resumen de actividad
The ELR opportunity was progressed during the period with strong focus on Pilot Trial activities and sourcing feedstocks for future demonstration and longer-term commercial operations. A report based on trial results to provide an updated to the Class 3 engineering and cost study ("Cl.3 ECS") will be prepared following Pilot Trials.
Técnico
· Completed Pilot Trials comprising 3 stages being 'purification', 'electrolysis' and 'crystallisation'. The purification test-work at SGS in Canada (processing concentrated and purified salar brine (6% Li basis)) was completed during the period and preparations are underway for the follow-on electrolysis stage;
· The purification testwork, conducted on a salar brine feed source, confirmed earlier bench-scale testing by removing >97% of brine feed source impurities. The result is the production of a purified brine solution that is suitable feed for the subsequent Pilot Trial electrolysis stage; and
Comercial
· Se avanzaron en los diálogos comerciales con los productores aspirantes y existentes de concentrados de salmuera de litio para desarrollar las condiciones de suministro al ELR. Esto incluyó conversaciones en curso con los proveedores comerciales de alimentación de salmuera para la Planta de Demostración planificada;
· Las conversaciones comerciales avanzaron con posibles socios de adquisición de hidróxido de litio para ELR; y
· Conversaciones comerciales con potenciales licenciatarios de ELi en zonas fuera de Portugal y España.
Sector empresarial
· Advanced negotiations for a new Cooperation Agreement with Lifthium Energy SA to replace the expired RAM-Bondalti Cooperation Agreement and to reflect the current status of activities and the parties' commercial intentions.
Recuperación de vanadio
|
Neometals está comercializando su proceso patentado y sostenible de recuperación de vanadio ("Tecnología VRP") para producir productos de vanadio para baterías y aplicaciones de aleaciones aeroespaciales a partir de existencias de acero que contiene vanadio fabricación by-product. The unique selling points of the technology are:
· A processing flowsheet utilising conventional equipment at atmospheric pressure, mild-temperatures, and non-exotic materials of construction (refer to figure 7);
· Costos operativos potenciales del cuartil más bajo[ 3 ] from processing steelmaking slags without upstream mining costs/risk/carbon footprint (refer to figure 8); and
· Probablemente una huella de gases de efecto invernadero muy baja o nula, dada la ausencia de minería y de una ruta de procesamiento que requiera el secuestro de COXNUMX mineral.2 en un subproducto de carbonato potencialmente vendible que secuestra CO2 (consulte la figura 9).
Figura 7 y XNUMX - High level flowsheet of Neometals VRP Technology.
Figura 8 y XNUMX - Vanadium Cost Curve.
Figura 9 y XNUMX - Huella de carbono para VRP1 en Pori, Finlandia, destacando el beneficio de secuestrar CO2 en el subproducto.
Intellectual Property Status
During the period the Vanadium Recovery IP holding company, Avanti Materials Ltd, had a request for national phase examinations of its foundation patent from two countries and has separately lodged an additional national phase patent for the recovery of Vanadium from leach residues in 10 countries.
Commercialisation Status
Vanadium Recovery Project 1 - Finland
Neometales y el explorador centrado en Escandinavia no cotizado, Critical Metals Ltd ("Critical"), are jointly evaluating the feasibility of recovering high-purity vanadium pentoxide ("V2O5") a partir de un subproducto de acero con contenido de vanadio de alto grado ("Escoria") in Scandinavia. Neometals has funded and managed evaluation activities earning a 72.5% interest in an incorporated JV RISAB with Critical.
En marzo de 2023, Neometals anunció los resultados de un estudio de viabilidad ("VRP1FS") based on the AACE® Class 3 engineering cost study completed by Nordic engineering group Sweco Industry OY. The VRP1 FS confirmed el potencial de costos operativos del cuartil más bajo en un operación química de vanadio de alta pureza con una huella de carbono de baja a negativa4.
A take-or-pay offtake agreement has been struck with Glencore International AG and the VRP1 is at the financing stage ahead of a decision to construct and produce high-purity vanadium pentoxide from high-grade vanadium-bearing steel making by-product ("Escoria") en virtud de un acuerdo de suministro de materia prima con SSAB EMEA AB y SSAB Europe Oy (colectivamente "SSAB").
During the period Neometals provided notice to its partner in the VRP1 project confirming it does not wish to proceed with providing equity for the construction of a slag processing facility in Finland.
Neometals has requested that RISAB consider alternative methods of funding, including outright sale of the VRP1 project holding company. Neometals has reverted to a technology licensing business model to commercialise its proprietary VRP Technology. Neometals is engaging directly with potential technology licensing partners as well as assisting RISAB in the process of seeking funding for the project.
While RISAB continues to evaluate funding alternatives for the project the European Investment Bank has approved provision of debt financing for the project and Business Finland has approved the provision of a 15 million Euro grant. Both are conditional on equity financing stream and other condition precedents applicable to transactions of this type.
ARRIBA - EXTRACCIÓN DE MINERALES
Proyecto Barrambie Titanio/Vanadio |
El proyecto Barrambie Vanadium and Titanium en Australia Occidental ("barambie") es uno de los mayores vanadiferous-titanomagnetita ("VTM") Recursos minerales a nivel mundial (280.1Mt a 9.18% TiO2 y 0.44% V2O5), containing the world's second highest-grade hard rock titanium Mineral Resource (53.6Mt at 21.17% TiO2 y 0.63% V2O5) y recurso de vanadio de alta ley (64.9Mt al 0.82% V2O5 y 16.9% TiO2) subsets (referido to as the Eastern and Central Bands respectively) based on the latest Neometals 2018 Mineral Resource Estimate[ 4 ].
Barrambie is located approximately 80km north-west of Sandstone in Western Australia ("WA") y el Recurso Mineral está asegurado bajo una concesión minera otorgada. Neometals obtuvo la aprobación ambiental en 2012 para extraer y construir una planta de procesamiento de 3.2 Mtpa (Declaración Ministerial 911), extendió el plazo para la implementación en 2019 (Declaración Ministerial 1119) y actualmente está en proceso de asegurar una nueva extensión del plazo para la implementación del proyecto . El proyecto también tiene una propuesta minera otorgada para extraer aproximadamente 1.2Mtpa de mineralización.
The current stage of development sees Neometals deeply engaged with third-party titanium producers and mining services companies in relation to offtake, equity investment and contract mine-to-port solutions.
Resumen de actividad
During the period the following activities were undertaken:
Técnico
· Metallurgical variability assessments completed in relation to comminution and grind size determination completed. Bulk metallurgical variability assessments temporarily paused;
· Regional exploration completed across Barrambie tenure to maintain tenements in good standing;
· Completion of seismic surveys, rehabilitation of drill lines, soil analysis and rock chip sampling, and a geological database risk assessment;
· Flora and vegetation studies continued during the period. Field programs to assess the potential of saline water prospects continued with next steps dependant on cultural heritage surveys. Baseline monitoring including dust, weather and water table depth continues; and
· 3 day on-country meeting held with Yugunga-Nya community and elders to discuss the project and request cultural heritage surveys.
Comercial
During the period, Neometals announced that its wholly owned subsidiary Australian Titanium Pty Ltd was unable to advance from offtake term sheet to binding take or pay offtake agreement with Jiuxing Titanium Materials Co ("Jiuxing"). The parties were unable to agree mutually acceptable terms in relation to offtake and equity funding. Regrettably, the broader macroeconomic backdrop has required Jiuxing to adjust its production plans and shelve further Barrambie related activities. The Company is continuing its engagement with third-party titanium producers and mining services companies in relation to offtake, equity investment and contract mine-to-port solutions.
Sector empresarial
In parallel with its evaluation and commercial activities, Neometals continues to assess the optimal strategy to return Barrambie value to shareholders. This includes ongoing engagement with third-party titanium producers and mining services companies in relation to offtake, equity investment and contract mine-to-port solution.
CORPORATIVO
Finanzas
Redivium Limited (ASX:RIL) (formerly Hannans Ltd) (Lithium-ion Battery Recycling)
As at 31 December 2023 Neometals held 879,812,014 ordinary fully paid shares (~26% of the issued capital) in RIL on an undiluted basis. RIL holds exclusive technology licences to Neometals' original LiB Recycling Technology in Italy and the Balkans, a non-exclusive licence in the United Kingdom and it is earning a 50% interest in an exclusive licence for Scandinavia held by Critical Metals Limited.
Critical Metals Ltd (Unlisted, Scandinavian Lithium/Cobalt/Base Metals)
Neometals holds ~18.4% of unlisted public company Critical Metals Ltd, a company which holds an exclusive licence to Neometals' original LiB Recycling Technology in Scandinavia and 27.5% interest in RISAB. During the period, Neometals reviewed the carrying value of the investment in Critical Metals Ltd. The assessment resulted in a fair value adjustment of the carrying value down to nil as at 31 December 2023. Neometals will continue to monitor the company's progress and assess whether impairment reversals may occur in future reporting periods.
Otras inversiones
The market value of the Company's other investments as at 31 December 2023 totalled $2.4 million. This excludes the abovementioned investments in Redivium and Critical Metals Ltd.
Finanzas
Cash and term deposits on hand as of 31 December 2023 totalled A$19.4 million. The Company has net receivables and investments totalling approximately $15.4 million.
During the December Quarter the Company initiated various austerity measures. There has been a reduction in both administration costs and head count, with administration and corporate costs down 19% quarter on quarter. In addition, the Directors and Key Management Personnel have agreed to a decrease in Non-Executive Director fees by 20% from 1 January and the removal of STI arrangements for FY24.
Capital emitido
During the period the Company issued:
- 6,060,793 ordinary shares to eligible employees, consultants and Non-executive Directors following the vesting and exercise of performance rights pursuant to the Neometals Ltd performance rights plan (2022: 4,364,781).
- 4,375,765 performance rights to Neometals employees, consultants and Non-executive Directors (2022: 1,705,325) for nil cash consideration.
- 63,888,347 ordinary shares were issued through a capital raise during the period (2022: nil).
During the period 754,650 performance rights were cancelled relating to Neometals employees (2022: nil). 1,186,779 performance rights lapsed relating to Neometals employees (2022: 956,432).
The total number of shares on issue as at 31 December 2023 was 622,690,316.
Dividendos
Dividends issued during the half year period: nil (2022: nil).
Events Subsequent to Balance Date
On 10 January 2024, Neometals announced that Primobius had received a purchase order from Mercedes-Benz for the hydrometallurgical hub plant to complete its lithium-ion battery recycling facility.
Subsequent to reporting date, the Company has commenced workstreams to rationalise expenditure on upstream mineral portfolio, which may lead to the divestment of certain non-core assets.
No other matters have arisen since 31 December 2023 that would be likely to materially affect the operations of the Group, or its state of affairs which have not otherwise been disclosed in this financial report.
Declaración de conformidad
La información de este informe que se relaciona con las estimaciones de recursos minerales para el proyecto Barrambie Vanadium/Titanium se extrae del Anuncio ASX que se detalla a continuación, que también está disponible en el sitio web de la Compañía en www.neometals.com.au.
17/04/2018 | Barrambie - Estimación actualizada de recursos minerales de Barrambie |
La Compañía confirma que no tiene conocimiento de ninguna información o datos nuevos que afecten materialmente la información incluida en los anuncios de mercado originales y que todas las suposiciones materiales y los parámetros técnicos que sustentan las estimaciones en los anuncios de mercado continúan aplicándose y no han cambiado sustancialmente. La Compañía confirma que la forma y el contexto en los que se presentan los hallazgos de las Personas Competentes no han sido sustancialmente modificados con respecto a los anuncios de mercado originales.
DECLARACIÓN DE INDEPENDENCIA DEL AUDITOR
La declaración de independencia del auditor se incluye en la página 14 del informe semestral.
Signed in accordance with a resolution of the directors made pursuant to s.306(3) of the Corporations Act 2001.
On behalf of the directors,
cristobal caña
Director General
Estado de pérdidas y ganancias y otro resultado integral resumido consolidado por el semestre finalizado el 31 de diciembre de 2023 | |||
31 Dec 2023 $ | 31 Dec 2022 $ | ||
Operaciones continuas | |||
Cambio (pérdida) / ganancia | (168,027) | 2,701 | |
Ingresos por intereses | 296,408 | 491,101 | |
Otros ingresos | 5,562 | 84,296 | |
Gastos de empleados | (4,343,873) | (5,297,909) | |
Costos de depreciación | (244,813) | (241,562) | |
Costos financieros | (34,397) | (6,637) | |
Gastos de ocupación | (129,066) | (98,429) | |
Gastos de marketing | (148,408) | (235,679) | |
Otros gastos | (2,965,017) | (2,911,503) | |
Investigación y desarrollo | (225,955) | (2,219,743) | |
Fair value adjustment of non-listed investments | 7 | (3,180,000) | - |
Impairment expense on investment in associate | 5 | (3,249,808) | - |
Impairment of loan to Joint Ventures | 6 | (2,329,458) | (1,629,660) |
Pérdida por enajenación de subsidiaria | - | (212,473) | |
Write-off of abandoned patents | (493,899) | - | |
Participación de la pérdida en asociados | 5 | (269,439) | (555,868) |
Share of loss in Joint Ventures | 6 | (3,843,874) | (865,687) |
Pérdida antes del impuesto sobre la renta | (21,324,064) | (13,697,052) | |
Beneficio del impuesto sobre la renta | 316,579 | 782,903 | |
Pérdida del período por operaciones continuas | (21,007,485) | (12,914,149) | |
Otro resultado integral | - | - | |
Pérdida integral total del período | (21,007,485) | (12,914,149) | |
|
| ||
Pérdida por acción | |||
De operaciones continuas: | |||
Básico (centavos por acción) | 10 | (3.73) | (2.34) |
Diluido (centavos por acción) | 10 | (3.73) | (2.34) |
The condensed consolidated statement of profit and loss and other comprehensive income should be read in conjunction with the accompanying notes.
Estado de situación financiera condensado consolidado a 31 de diciembre de 2023 | |||
Note | 31 Dec 2023 $ | 30 de junio de 2023 $ | |
Activos circulantes | |||
Efectivo y equivalentes de efectivo | 19,361,121 | 24,438,695 | |
Cuentas comerciales y otras cuentas por cobrar | 2,403,462 | 2,031,604 | |
Otros activos financieros | 7 | 467,939 | 763,650 |
Total de activos corrientes | 22,232,522 | 27,233,949 | |
Activos no corrientes | |||
Propiedad, planta y equipo. | 821,321 | 877,269 | |
Gastos de exploración y evaluación | 4 | 49,917,797 | 47,364,711 |
Activos intangibles | 217,687 | 945,994 | |
Inversión en empresas conjuntas | 6 | 4,399,570 | 5,449,045 |
Inversión en asociados | 5 | 6,158,686 | 9,677,933 |
Otros activos financieros | 7 | 2,178,971 | 5,298,971 |
Activos por derecho de uso | 13 | 756,280 | 895,690 |
Total del activo no corriente | 64,450,312 | 70,509,613 | |
los activos totales | 86,682,834 | 97,743,562 | |
Pasivo circulante | |||
Comerciales y otras cuentas a pagar | 726,782 | 2,190,866 | |
Provisiones | 950,161 | 1,021,613 | |
Responsabilidad por arrendamiento | 13 | 304,817 | 285,625 |
Total pasivo corriente | 1,981,760 | 3,498,104 | |
Pasivos no corrientes | |||
Provisiones | 51,508 | 72,685 | |
Responsabilidad por arrendamiento | 13 | 505,836 | 652,049 |
Total pasivo no corriente | 557,344 | 724,734 | |
Pasivos totales | 2,539,104 | 4,222,838 | |
Activos netos | 84,143,730 | 93,520,724 | |
Equidad | |||
Capital emitido | 8 | 158,705,764 | 146,234,171 |
Reservas | 9 | 1,939,449 | 10,835,122 |
Perdidas acumuladas | (76,501,483) | (63,548,569) | |
Equidad total | 84,143,730 | 93,520,724 |
This condensed consolidated statement of financial position should be read in conjunction with the accompanying notes.
Estado de cambios en el patrimonio neto condensado consolidado por el semestre finalizado el 31 de diciembre de 2023
|
| ||||||
Emitido Capital $ | Revalorización de inversiones reserva $ | Otro equidad reserva $ | Compartir basado pagos reserva $ | Acumulado pérdidas $ | Total $ | ||
Balance as at 01/07/22 | 145,564,286 | 1,019,637 | 300,349 | 8,455,957 | (28,744,200) | 126,596,029 | |
Pérdida del período | - | - | - | - | (12,914,149) | (12,914,149) | |
Resultado integral total del período | - | - | - | - | (12,914,149) | (12,914,149) | |
Reconocimiento de pagos basados en acciones | - | - | - | 935,908 | - | 935,908 | |
Recognition of issue of shares under the employee rights plan | 688,259 | - | - | (688,259) | - | - | |
Costos de emisión de acciones, netos de impuestos | (18,374) | - | - | - | - | (18,374) | |
Saldo al 31/12/22 | 146,234,171 | 1,019,637 | 300,349 | 8,703,606 | (41,658,349) | 114,599,414 | |
Balance as at 01/07/23 | 146,234,171 | 1,019,637 | 300,349 | 9,515,136 | (63,548,569) | 93,520,724 | |
Pérdida del período | - | - | - | - | (21,007,485) | (21,007,485) | |
Resultado integral total del período | - | - | - | - | (21,007,485) | (21,007,485) | |
Emisión de capital social | 12,131,024 | - | - | - | - | 12,131,024 | |
Reconocimiento de pagos basados en acciones | - | - | - | 436,377 | - | 436,377 | |
Recognition of issue of shares under the employee rights plan | 1,277,479 | - | - | (1,277,479) | - | - | |
Costes de emisión de acciones | (936,910) | - | - | - | - | (936,910) | |
Historic reserve clearing (note 9) | - | (1,019,637) | (300,349) | (6,734,585) | 8,054,571 | - | |
Saldo al 31/12/23 | 158,705,764 | - | - | 1,939,449 | (76,501,483) | 84,143,730 | |
This condensed consolidated statement of changes in equity should be read in conjunction with the accompanying notes.
Estado de flujos de efectivo condensado consolidado por el semestre finalizado el 31 de diciembre de 2023
| |||
31 Dec 2023 $ | 31 Dec 2022 $ | ||
flujos de efectivo por actividades operacionales | |||
Reembolso por investigación y desarrollo | 591,752 | - | |
Pagos a proveedores y empleados | (8,900,298) | (11,978,189) | |
Efectivo neto utilizado en actividades operativas | (8,308,546) | (11,978,189) | |
Flujos de efectivo de actividades de inversión | |||
Pagos por exploración y evaluación | (2,854,258) | (2,824,055) | |
Pagos por activos intangibles | (26,598) | (114,779) | |
Payment for property, plant & equipment | (35,097) | (192,622) | |
Pagos por inversiones de capital | (60,000) | (200,000) | |
Proceeds from equity investments | 134,060 | 128,672 | |
Interés recibido | 296,408 | 339,446 | |
Contribuciones de capital a empresas conjuntas | (3,929,900) | (1,457,960) | |
Préstamo a empresa conjunta | (1,143,957) | (1,178,605) | |
Shares purchased in associate | - | (694,515) | |
Efectivo neto utilizado en actividades de inversión | (7,619,342) | (6,194,418) | |
Flujos de efectivo de actividades de financiación | |||
Intereses y otros costos financieros pagados | (34,397) | (5,207) | |
Transaction costs related to issues of shares | (936,910) | (18,374) | |
Pagos de alquiler | (141,377) | (187,050) | |
Captación de capitales | 12,131,024 | - | |
Net cash received / (used) in financing activities | 11,018,340 | (210,631) | |
Disminución neta de efectivo y equivalentes de efectivo | (4,909,548) | (18,383,238) | |
Efectivo y equivalentes de efectivo al comienzo del período | 24,438,695 | 60,158,159 | |
Efectos de las variaciones del tipo de cambio en el saldo de efectivo en moneda extranjera | (168,026) | 3,023 | |
Efectivo y equivalentes de efectivo al final del período | 19,361,121 | 41,777,944 |
This condensed consolidated statement of cash flows should be read in conjunction with the accompanying notes.
Index to notes to the condensed consolidated financial statements
Note Contents
1 Significant accounting policies
2 Segment information
3 Dividends
4 Exploration and evaluation expenditure
5 Investment in associates
6 Investment in joint venture
7 Other financial assets
8 Share capital
9 Reserves
10 Loss per share
11 Commitments
12 Contingent liabilities
13 Leases
14 Events subsequent to balance date
Notas a los estados financieros condensados consolidados
1. Significant accounting policies
Declaración de cumplimiento
El informe financiero semestral es un informe financiero de propósito general preparado de conformidad con la Ley de Sociedades Anónimas de 2001 y la AASB 134 Información financiera intermedia. Compliance with AASB 134 ensures compliance with International Financial Reporting Standard IAS 34 'Interim Financial Reporting'. The half-year financial report does not include notes of the type normally included in an annual financial report and shall be read in conjunction with the most recent annual financial report.
Base de preparación
The condensed consolidated financial statements have been prepared on the basis of historical cost, except for the revaluation of certain non-current assets and financial instruments. Cost is based on the fair values of the consideration given in exchange for assets. All amounts are presented in Australian dollars, unless otherwise noted.
The accounting policies and methods of computation adopted in the preparation of the half-year financial report are consistent with those adopted and disclosed in the Company's 2023 annual financial report for the financial year ended 30 June 2023. These accounting policies are consistent with Australian Accounting Standards and with International Financial Reporting Standards.
Información comparativa
The cashflow in respect of lease payments in the prior year has been reclassified as a cash outflow from financing activities in the statement of cashflows to align with the requirements of AASB 107 Statement of Cashflows.
Nuevos estándares contables
The Group has adopted all of the new and revised Standards and Interpretations issued by the Australian Accounting Standards Board that are relevant to their operations and are effective for the current financial reporting period. These standards did not have any significant impact on the Group's financial statements.
Preocupación continua
The financial report has been prepared on the going concern basis, which assumes continuity of normal business activities and the realisation of assets and settlement of liabilities in the ordinary course of business.
The Group incurred losses from continuing operations of $21,007,485 (31 Dec 2022: $12,914,149) and experienced net cash outflows from operating and investing activities of $15,927,888 (31 Dec 2022: $18,172,607) for the half year ended 31 December 2023. As at 31 December 2023 the Group had cash and cash equivalents of $19,361,122 (30 June 2022: $24,438,695).
In November and December 2023, the Group conducted a capital raise which generated a total of $12.1m before costs.
The Group has prepared a cash flow forecast for the period ending 31 March 2025 which incorporates all non-discretionary expenditure to advance the Group's projects. Other than the Group's continuing contributions to the Primobius Joint Venture, the revised cash flow forecast does not assume that development activities in relation to the Group's remaining projects commence in the period ending 31 March 2025.
Accordingly, the directors believe that the going concern basis of preparation is appropriate.
2. Segment information
Basis for segmentation:
AASB 8 Operating Segments requires the presentation of information based on the components of the Group that management regularly reviews for its operational decision making. This review process is carried out by the chief operating decision maker ("CODM") con el propósito de asignar recursos y evaluar el desempeño de cada segmento. Los montos reportados para cada segmento operativo son la misma medida revisada por el CODM al asignar recursos y evaluar el desempeño de ese segmento.
For management purposes the Company operates under three reportable operating segments comprised of the Company's lithium, titanium/vanadium and 'other' segments. The lithium, titanium/vanadium and 'other' operating segments are separately identified given they possess different competitive and operating risks, and meet the quantitative criteria as set out in AASB 8. The 'other' segments category is the aggregation of all remaining operating segments given sufficient reportable operating segments have been identified.
2. Segment information (continued)
Por los seis meses terminados el 31 de diciembre de 2023
Segmentos operativos reportables | Litio
$ | Titanium & Vanadio $ | Otro
$ | Sector empresarial
$ | Total
$ |
Otros ingresos | - | - | - | 301,970 | 301,970 |
Impairment of Joint Venture and associates | - | - | (8,759,266) | - | (8,759,266) |
Pérdida por enajenación de subsidiaria | - | - | - | - | - |
Share of Loss of JV and associates | (2,111,867) | (1,732,008) | (269,439) | - | (4,113,314) |
Depreciación | - | (96,147) | - | (148,664) | (244,811) |
Gastos totales | (408,470) | (1,060,144) | (162,324) | (6,877,705) | (8,508,643) |
Beneficio / (pérdida) antes de impuestos | (2,520,337) | (2,888,299) | (9,191,029) | (6,724,399) | (21,324,064) |
Beneficio del impuesto sobre la renta | - | - | - | 316,579 | 316,579 |
Consolidated loss after tax | (2,520,337) | (2,888,299) | (9,191,029) | (6,407,820) | (21,007,485) |
Al 31 de diciembre de 2023
Segmentos operativos reportables | Litio
$ | Titanium & Vanadio $ | Otro
$ | Sector empresarial
$ | Total
$ |
Aumento/(disminución) de los activos del segmento | (1,497,541) | 2,052,351 | (6,934,960) | (4,680,577) | (11,060,727) |
Activos totales del segmento | 4,502,949 | 50,849,274 | 8,356,670 | 22,973,941 | 86,682,834 |
los activos totales | 4,502,949 | 50,849,274 | 8,356,670 | 22,973,941 | 86,682,834 |
2. Segment information (continued)
Por los seis meses terminados el 31 de diciembre de 2022
Segmentos operativos reportables | Litio
$ | Titanium & Vanadio $ | Otro
$ | Sector empresarial
$ | Total
$ |
Otros ingresos | - | - | 84,297 | 491,101 | 575,398 |
Impairment of loan to Joint Venture | (1,629,660) | - | - | - | (1,629,660) |
Pérdida por enajenación de subsidiaria | (212,473) | - | - | - | (212,473) |
Share of Loss of JV and associates | (865,687) | - | (555,868) | - | (1,421,555) |
Depreciación | - | (48,214) | - | (193,348) | (241,562) |
Gastos totales | (12) | (2,125,467) | (1,357) | (8,640,364) | (10,767,200) |
Beneficio / (pérdida) antes de impuestos | (2,707,832) | (2,173,681) | (472,928) | (8,342,611) | (13,697,052) |
Beneficio del impuesto sobre la renta | - | - | - | 782,903 | 782,903 |
Consolidated loss after tax | (2,707,832) | (2,173,681) | (472,928) | (7,559,708) | (12,914,149) |
Al 30 de junio de 2023
Segmentos operativos reportables | Litio
$ | Titanium & Vanadio $ | Otro
$ | Sector empresarial
$ | Total
$ |
Aumento/(disminución) de los activos del segmento | (309,905) | 6,414,392 | (6,544,926) | (32,856,539) | (33,296,978) |
Activos totales del segmento | 6,000,490 | 48,796,923 | 15,291,630 | 27,654,518 | 97,743,561 |
los activos totales | 6,000,490 | 48,796,923 | 15,291,630 | 27,654,518 | 97,743,561 |
3. Dividendos
No dividends were paid to the holders of fully paid ordinary shares during the half-year period (31 December 2022: nil).
4. Exploration and evaluation expenditure
31 de diciembre 2023 $ | 30 junio 2023 $ | |||
Valor contable de apertura | 47,364,711 | 41,415,749 | ||
Adiciones | 2,553,086 | 5,948,962 | ||
Valor contable de cierre | 49,917,797 | 47,364,711 |
La recuperación de los gastos de exploración arrastrados depende del descubrimiento de minerales comercialmente viables y otros depósitos de recursos naturales, su desarrollo y exploración o, alternativamente, su venta.
5. Investment in associates
Nombre de la operación | Actividad principal | Interés | |
| 31 de diciembre 2023 % | 30 junio 2023 % | |
Redivium Limited (formerly Hannans Ltd) (I) | Reciclaje de baterías de iones de litio | 26.04 | 26.09 |
The Consolidated Entity's interest in assets employed in the above associate is detailed below.
(i) Redivium Limited
The associate is accounted for using the equity method in this condensed consolidated financial report.
Summarised financial information for the associate:
31 de diciembre 2023 $ | 30 junio 2023 $ | |||
Valor en libros de apertura de la inversión en asociada | 9,677,933 | 13,668,977 | ||
Acciones compradas | - | 694,515 | ||
Participación de la pérdida de la asociada reconocida en resultados(i) (ii) | (269,439) | (3,412,514) | ||
Gastos por deterioro (iii) (iv) | (3,249,808) | (1,273,045) | ||
Valor en libros de cierre de la inversión en asociada | 6,158,686 | 9,677,933 |
(i) The equity accounted share of the associate's loss is credited against the carrying value of the investment in the associate.
(ii) Share of loss at 31 December 2022 was $555,868.
(iii) In the current financial year, the impairment value of the investment in associate has been impaired down to its carrying value on per share basis in December 2023 resulting in a $3,249,808 expense (2022: nil).
(iv) The fair value of the Groups investment in Redivium as at 31 December 2023 on a per share basis is $ 6,158,684 (30 June 2023: $9,677,932).
Shares held in associate are set out in the table below.
31 de diciembre 2023 | 30 junio 2023 | |||
| No. | No. | ||
Shares held in Redivium Limited | 879,812,014 | 879,812,014 |
6. Investment in joint venture
Nombre de la operación | Actividad principal | Interés | |
| 31 de diciembre 2023 % | 30 de junio de 2023 % | |
Primobius GmbH (I) | Reciclaje de baterías de litio | 50 | 50 |
The above joint venture is accounted for using the equity method in this condensed consolidated financial report.
(i) Primobius GmbH
El 31 de julio de 2020, Neometals y SMS group GmbH firmaron un acuerdo formal para establecer una empresa conjunta al 50:50 ('Primobius GmbH') para comercializar el proceso de reciclaje de baterías de litio patentado por Neometals.
Información financiera resumida de la empresa conjunta: | 31 de diciembre 2023 $ | 30 junio 2023 $ |
Saldo inicial de la inversión en empresa conjunta | 4,699,280 | 5,458,508 |
Contribuciones de capital | 1,655,355 | 3,091,947 |
Participación de la pérdida del negocio conjunto reconocida en resultados | (2,017,837) | (3,851,175) |
Valor en libros de la inversión en el negocio conjunto | 4,336,798 | 4,699,280 |
Balance resumido de Primobius GmbH | 31 de diciembre 2023 $ | 30 junio 2023 $ |
Activos circulantes(A) | 3,206,383 | 6,200,733 |
Activos no corrientes | 7,492,453 | 8,667,753 |
Pasivo circulante | (1,966,551) | (5,307,806) |
Pasivos no corrientes | - | - |
Primobius GmbH Summary Profit and Loss | 31 de diciembre 2023 $ | 31 de diciembre 2022 $ |
Ingresos | 10,046,725 | 207,848 |
Gastos (B) | (14,082,400) | (2,083,846) |
Pérdida por operaciones continuas | (4,035,675) | (1,875,998) |
Participación de la pérdida del negocio conjunto reconocida en resultados | (2,017,837) | (937,999) |
(A) The current asset balance is inclusive of cash and cash equivalents of $3,090,381 (30 June 2023: 5,566,896)
(B) The expenses balance is inclusive of depreciation of $1,265,322 (31 December 2022: 758,033)
6. Investment in joint venture (continued)
Nombre de la operación | Actividad principal | Interés | |
| 31 de diciembre 2023 % | 30 de junio de 2023 % | |
Materiales avanzados Reed Pty Ltd(Ii) | Evaluación del proceso de hidróxido de litio. | 70 | 70 |
The above joint venture is accounted for using the equity method in this consolidated financial report.
(ii) Reed Advanced Materials Pty Ltd
On 6 October 2015 Neometals and PMI entered into a shareholders agreement for the purposes of establishing and operating a joint venture arrangement through RAM to operate a business of researching, designing and developing the capabilities and technology relating to the processing of lithium hydroxide. Following the execution of the shareholders agreement RAM was held 70:30 between Neometals and PMI.
Información financiera resumida de la empresa conjunta: | 31 de diciembre 2023 $ | 30 junio 2023 $ |
Carrying value of investment in the empresa conjunta | 1 | 1 |
Préstamo de apertura a empresa conjunta | - | 350,000 |
Préstamo a empresa conjunta durante el período | 1,143,957 | 2,366,703 |
Deterioro del préstamo a empresa conjunta | (1,143,957) | (2,716,703) |
Préstamo de cierre para empresa conjunta | - | - |
Participación de la pérdida del negocio conjunto no reconocida en resultados | (1,449,855) | (1,532,266) |
Balance resumido de Reed Advanced Materials Pty Ltd | 31 de diciembre 2023 $ | 30 junio 2023 $ |
Activos circulantes | 1,723,503 | 1,332,031 |
Activos no corrientes | 558,647 | 678,909 |
Pasivo circulante | (625,085) | (46,052) |
Pasivos no corrientes | (7,696,794) | (6,062,571) |
Reed Advanced Materials Pty Ltd Summary Profit and Loss | 31 de diciembre 2023 $ | 31 de diciembre 2022 $ |
Ingresos | - | - |
Gastos | (1,942,046) | (1,816,747) |
Pérdida por operaciones continuas | (1,942,046) | (1,816,747) |
Participación de la pérdida del negocio conjunto reconocida en resultados | (1,359,432) | (1,271,723) |
6. Inversión en empresa conjunta (continuado)
Nombre de la operación | Actividad principal | Interés | |
| 31 de diciembre 2023 % | 30 de junio de 2023 % | |
Industrias de reciclaje Escandinavia AB(iii) | Recuperación de vanadio | 72.5 | 72.5 |
La participación de la Entidad Consolidada en los activos empleados en los negocios conjuntos antes mencionados se detalla a continuación.
(iii) Recycling Industries Scandinavia AB ("RISAB")
In March 2023, Neometals and Critical Metals Ltd executed an agreement to formalise a 50:50 Vanadium Recovery Project JV (RISAB). In April 2023, Neometals' interest in RISAB increased to 72.5% following additional equity contributions of $3.0 million. Despite holding 72.5%, joint control continued to exist and accordingly the investment in RISAB was accounted for using the equity method prescribed under AASB 128. An additional equity contribution was made in June 2023 for $1,090,590 and Critical Metals Ltd contributed their pro rata share which saw Neometals' interest in RISAB remaining unchanged. At 31 December 2023, the balance of the investment was impaired to nil due to RISAB's net liability position.
Información financiera resumida de la empresa conjunta: | 31 de diciembre 2023 $ | 30 junio 2023 $ | |
Saldo inicial de la inversión en empresa conjunta | 642,964 | - | |
Contribuciones de capital | 2,274,545 | 4,090,590 | |
Participación de la pérdida del negocio conjunto reconocida en resultados | (1,732,008) | (3,447,626) | |
Deterioro de la inversión | (1,185,501) | ||
Valor en libros de la inversión en el negocio conjunto | - | 642,964 | |
Balance resumido de Recycling Industries Scandinavia AB | 31 de diciembre 2023 $ | 30 junio 2023 $ | |
Activos circulantes | 1,408,166 | 2,200,633 | |
Activos no corrientes | - | 3,216,090 | |
Pasivo circulante | (2,105,932) | (2,023,294) | |
Pasivos no corrientes | (643,669) | (4,375,058) |
Recycling Industries Scandinavia AB Summary Profit and Loss | 31 de diciembre 2023 $ | 31 de diciembre 2022 $ |
Ingresos | - | - |
Gastos | (2,309,344) | - |
Pérdida por operaciones continuas | (2,309,344) | - |
Participación de la pérdida del negocio conjunto reconocida en resultados | (1,732,008) | - |
6. Inversión en empresa conjunta (continuado)
Nombre de la operación | Actividad principal | Interés | |
| 31 de diciembre 2023 % | 30 de junio de 2023 % | |
ACN 630 589 507 Pty Ltd(iv) | IP de reciclaje de baterías de iones de litio | 50 | 50 |
La participación de la Entidad Consolidada en los activos empleados en los negocios conjuntos antes mencionados se detalla a continuación.
(iv) ACN 630 589 507 Pty Ltd
El 8 de diciembre de 2022, Neometals emitió una participación del 50% en el holding IP de reciclaje de baterías, ACN 630 589 507 Pty Ltd ("ACN 630"), a SMS group GmbH de forma incondicional. Como resultado de esto, ACN 630 abandonó el grupo consolidado Neometals, lo que resultó en una pérdida de $212,473 por disposición de la subsidiaria.
Información financiera resumida de la empresa conjunta: | 31 de diciembre 2023 $ | 30 junio 2023 $ |
Saldo inicial de la inversión en empresa conjunta | 106,801 | - |
Contribuciones de capital | 50,000 | 106,801 |
Participación de (ganancia)/pérdida del negocio conjunto reconocida en resultados | (94,029) | - |
Valor en libros de la inversión en el negocio conjunto | 62,772 | 106,801 |
Balance resumido de ACN 630 589 507 Pty Ltd | 31 de diciembre 2023 $ | 30 junio 2023 $ |
Activos circulantes | 51,136 | 119,077 |
Activos no corrientes | 240,783 | 275,722 |
Pasivo circulante | - | (10,000) |
Pasivos no corrientes | (263,598) | (213,598) |
ACN 630 589 507 Pty Ltd Summary Profit and Loss | 31 de diciembre 2023 $ | 31 de diciembre 2022 $ |
Ingresos | - | - |
Gastos | (188,058) | - |
Pérdida por operaciones continuas | (188,058) | - |
Participación de la pérdida del negocio conjunto reconocida en resultados | (94,029) | - |
7. Otros activos financieros | ||||
31 de diciembre 2023 $ | 30 junio 2023 $ | |||
Current | ||||
Activos financieros medidos a FVTPL(I) | 467,939 | 763,650 | ||
Corriente Total | 467,939 | 763,650 | ||
No corriente |
|
| ||
Activos financieros medidos a FVTPL(Ii) | 1,309,896 | 4,429,896 | ||
Billete convertible(iii) | 669,075 | 669,075 | ||
Depósito a plazo de bono de alquiler | 200,000 | 200,000 | ||
Total no corriente | 2,178,971 | 5,298,971 | ||
Total | 2,646,910 | 6,062,621 |
(i) The Group has invested in a portfolio of listed shares which are held for trading. Financial assets at FVTPL are measured at fair value at the end of each reporting period, with any fair value gains or losses recognised in profit or loss. The valuation technique and key inputs used to determine the fair value are quoted bid prices in an active market.
(ii) The Group has invested in a portfolio of non-listed shares which are not actively traded. Within this balance, Neometals has an equity interest in Critical Metals Limited. As (unadjusted) quoted prices in active markets are unavailable, consideration is given to precedent transactions involving the sale of the company's shares, as a basis to assess the value of the equity investment. During the period, Neometals reviewed the carrying value of the investment in Critical Metals Ltd. The assessment resulted in a fair value adjustment of $3,180,000 bringing the carrying value down to nil as at 31 December 2023. Neometals will continue to monitor the company's progress and assess whether impairment reversals may occur in future reporting periods.
(iii) The Group has invested US$500,000 in a financing round for private US start up, Tyfast Energy Corp. The investment is by way of convertible note providing the Group with the ability to obtain a minority equity stake in Tyfast.
8. Share capital
During the half-year reporting period, Neometals Ltd issued the following share capital:
6 months to 31 December 2023:
During the 6 months to 31 December 2023 the Company issued 6,060,793 ordinary shares to eligible employees, consultants and Non-executive Directors following the vesting and exercise of performance rights pursuant to the Neometals Ltd performance rights plan (2022: 4,364,781).
During the 6 months to 31 December 2023 the Company issued 63,888,347 shares via a capital raise (2022: nil)
8. Share capital (continued)
| 31 de diciembre 2023 $ | 30 junio 2023 $ | ||
622,690,316 fully paid ordinary shares (30 June 2023: 552,741,176) | 158,705,764 | 146,234,171 | ||
31 diciembre 2023 | 30 junio 2023 | |||
| No. | $ | No. | $ |
Acciones ordinarias totalmente pagadas |
| |||
Saldo al inicio del ejercicio económico | 552,741,176 | 146,234,171 | 548,376,396 | 145,564,286 |
Aumento de capital | 63,888,347 | 12,131,024 | - | - |
Otros pagos basados en acciones | 6,060,793 | 1,277,479 | 4,364,780 | 688,259 |
Costes de emisión de acciones | - | (936,910) | - | (18,374) |
Saldo al final del ejercicio | 622,690,316 | 158,705,764 | 552,741,176 | 146,234,171 |
Las acciones ordinarias totalmente pagadas tienen un voto por acción y tienen derecho a dividendos. |
Compartir opciones
During the 6 months to 31 December 2023 no share options over the Company's ordinary shares were issued during the reporting period (2022: Nil).
Derechos de ejecución
During the 6 months to 31 December 2023 the Company issued 4,375,765 performance rights to Neometals employees, consultants and Directores no ejecutivos (2022: 1,705,325) for nil cash consideration. These performance rights may result in the issue of a total of 4,375,765 shares if the applicable vesting and performance criteria are satisfied over the vesting period.
During the 6 months to 31 December 2023 754,650 performance rights were cancelled relating to Neometals employees (2022: nil). 1,186,779 performance rights lapsed relating to Neometals employees (2022: 956,432).
Performance rights were priced using a Monte Carlo pricing model. Where relevant, the expected life used in the model has been adjusted based on management's best estimate for the effects of non-transferability, exercise restrictions (including the probability of meeting market conditions attached to the performance rights), and behavioural considerations. The following assumptions were used for the valuation of performance rights issued:
Fecha de la valoración | 11 Septiembre 2023 |
Fecha de adquisición | 30 June 2026 and/or 31 December 2026 |
Precio de la acción | $0.445 |
Volatilidad esperada | 71% |
Vida esperada | 2.81 - 3.31 años |
Tasa libre de riesgo | 3.84% |
Rendimientos de dividendos esperados | 0.00% |
9. Reservas
31 diciembre 2023 | 30 junio 2023 | ||
| $ | $ | |
Reserva para pagos basados en acciones: |
| ||
Saldo al inicio del ejercicio | 9,515,136 | 8,455,957 | |
Increase/ (Decrease) in share based payments | 436,377 | 1,747,438 | |
Cantidades transferidas al capital social en el momento del ejercicio | (1,277,479) | (688,259) | |
Historical reserve clearing(I) | (6,734,586) | - | |
Saldo al final del ejercicio |
| 1,939,449 | 9,515,136 |
Other reserve: |
| ||
Saldo al inicio del ejercicio | 300,349 | 300,349 | |
Historical reserve clearing(Ii) | (300,349) | - | |
Saldo al final del ejercicio |
| - | 300,349 |
Reserva de revalorización de inversiones: |
| ||
Saldo al inicio del ejercicio | 1,019,637 | 1,019,637 | |
Historical reserve clearing(iii) | (1,019,637) | - | |
Saldo al final del ejercicio |
| - | 1,019,637 |
Reservas Totales |
| 1,939,449 | 10,835,122 |
i) At 31 December 2023, the value of the reserve is reflective of the current performance rights in existence. The remaining amount has been transferred to accumulated losses.
ii) In August 2013 former Chairman, David Reed, committed to provide a standby facility to support the Company's working capital position. As a result, and following shareholder approval, 2 million convertible notes were issued to David Reed that were converted into 50,000,000 fully paid ordinary shares in November 2015. At 31 December 2023, these historical amounts were cleared from the reserve to accumulated losses.
iii) The investments revaluation reserve represents historical gains and losses which had accumulated under a previous policy of revaluing available-for-sale financial assets in other comprehensive income and which ceased on 30 June 2017. At 31 December 2023, these historical amounts were cleared from the reserve to accumulated losses.
10. Loss per share
31 diciembre 2023 Centavos por acción | 31 diciembre 2022 Centavos por acción | |||
Pérdida básica por acción: | ||||
Operaciones continuas | (3.73) | (2.34) | ||
Pérdida diluida por acción: | ||||
Operaciones continuas | (3.73) | (2.34) |
Pérdida por acción básica y diluida
The profit / (loss) and weighted average number of ordinary shares used in the calculation of basic and diluted loss per share are as follows:
Pérdida (A) | 31 diciembre 2023 $ | 31 diciembre 2022 $ | ||
Operaciones continuas | (21,007,485) | (12,914,149) | ||
No. | No. | |||
Número promedio ponderado de acciones ordinarias a efectos de pérdida básica por acción | 563,833,235 | 551,945,976 | ||
Número promedio ponderado de acciones ordinarias a efectos de pérdida diluida por acción | 563,833,235 | 551,945,976 |
(a) Profit / (loss) used in the calculation of loss per share reconciles to profit / (loss) for the period.
11. Commitments
(A) Exploration and evaluation and associate commitments
Tenement commitments for the group total $719,141 as at 31 December 2023 (2022: $679,985).
12. Contingent liabilities
The Group has no contingent liabilities at 31 December 2023.
13. Leases
Arreglos de arrendamiento |
| |||
Leases relate to the lease of commercial premises in West Perth, Welshpool, and a photocopier. The lease agreement for the Company's West Perth premises was entered into on 1 July 2019 for a 48 month period expiring on 30 June 2023, this has been renewed until 30 June 2026. The lease of a photocopier is for a period of 12 months expiring in June 2023, this was renewed for 48 months to 30 June 2027. The Welshpool lease expired in February 2023 and was renewed until February 2026. A lease was entered into in June 2023 for another floor in the West Perth office until 30 June 2026. The commitments are based on the fixed monthly lease payment. | ||||
| 31 de diciembre 2023 | |||
Activos por derecho de uso | Edificios | Equipos | Total | |
| $ | $ | $ | |
| ||||
Cost | 911,846 | 14,359 | 926,205 | |
Depreciación acumulada | (168,130) | (1,795) | (169,925) | |
Importe en libros | 743,716 | 12,564 | 756,280 | |
Responsabilidad por arrendamiento |
| Edificios | Equipos | Total |
|
| $ | $ | $ |
Current | 301,507 | 3,310 | 304,817 | |
No corriente | 496,348 | 9,488 | 505,836 | |
Total | 797,855 | 12,798 | 810,653 |
| 30 de junio de 2023 | |||
Activos por derecho de uso | Edificios | Equipos | Total | |
| $ | $ | $ | |
| ||||
Cost | 1,813,441 | 9,044 | 1,822,485 | |
Depreciación acumulada | (917,751) | (9,044) | (926,795) | |
Importe en libros | 895,690 | - | 895,690 | |
Responsabilidad por arrendamiento |
| Edificios | Equipos | Total |
|
| $ | $ | $ |
Current | 285,625 | - | 285,625 | |
No corriente | 652,049 | - | 652,049 | |
Total | 937,674 | - | 937,674 |
13. Leases (continued)
31 de diciembre 2023 $ | 31 de diciembre 2022 $ | |||
Importes reconocidos en resultados | ||||
Gasto de depreciación del activo por derecho de uso | 153,769 | 153,016 | ||
Gastos por intereses sobre pasivos por arrendamiento | 34,397 | 10,796 | ||
188,166 | 163,812 |
14. Events subsequent to balance date
On 10 January 2024, Neometals announced that Primobius had received a purchase order from Mercedes-Benz for the hydrometallurgical hub plant to complete its lithium-ion battery recycling facility.
Subsequent to reporting date, the Company has commenced workstreams to rationalise expenditure on upstream mineral portfolio, which may lead to the divestment of certain non-core assets.
No other matters have arisen since 31 December 2023 that would be likely to materially affect the operations of the Group, or its state of affairs which have not otherwise been disclosed in this financial report.
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