Copyright 2020 Small Caps. Forums. Join the HotCopper ASX share market forum today for free. Your personal objectives, financial situation or needs have not been taken into consideration. Created with Sketch. All rights reserved. Latest Posts. ... Market Cap $200.6M ! It also strategically lies within a top nickel producing region and contains 11 per cent of global nickel reserves.Foreign reserves and resources consist of a total 193.5 million tonnes at 1.36 per cent nickel and 0.13 per cent cobalt, with 2634 tonnes of nickel and 249,000 tonnes of cobalt.The parties have agreed to extend the exclusivity period for a further 45 days for the potential transaction and New Century expects to make a binding offer for VNC in September.So far, due diligence has outlined a solution to simplify the Goro operation, allowing for improved production and lower costs.Commercial negotiations have led to signing an indicative term sheet for at least a US$900 million (roughly A$1.2 billion) financing package.
The funding will facilitate the simplification plan and general working capital for the operation.The money will be in the form of equity and debt contributions from a combination of Vale, the French State (through a renewal of an existing facility) and New Century-sourced financing partnerships.Broken down, Vale will make a cash contribution of US$500 million (roughly A$697.4 million) and proactive discussions with the French State will hopefully lead to renewing an existing €200 million (roughly A$327.9 million) facility.New Century Resources will arrange a US$100 million (roughly A$139.4 million) long-term debt facility through a financial institution and a further US$100 million contribution through a combination of third-party VNC level strategic investment and Goro offtake prepayments.The simplification plan is being undertaken due to a series of original design flaws and issues that led to historical operations underperforming.The operational complexity and downtime has been associated with the complex refinery on site, which is used to produce nickel oxide and cobalt carbonate. At late afternoon trade, shares in New Century were up 12.90% to $0.35. Small Caps and affiliated companies accept no responsibility for any claim, loss or damage as a result of information provided or its accuracy. There may be a conflict of interest present with commercial arrangements with companies and/or stock held. The information provided on this site is general in nature, not financial product advice, see a financial expert before making any investment decision. In-situ mineral resources provide potential for mine life extension and New Century is engaged in active exploration programs across the 1800 square kilometre tenement package. A separate simpler process is used to produce nickel and cobalt-containing Mixed Hydroxide Precipitate (MHP) on site.In the last two months, the simplification plan has achieved successful refinery shutdown, ramp-up of MHP production and improvement in overall plant uptime.The refinery shutdown and transition to MHP-only production has put the Goro operation on track to deliver its best monthly production in over two years.The trial saprolite sale to customers in New Caledonia is currently underway and a planned limonite-only feed trial is expected in August.As part of the proposed transaction, New Century will be responsible for the offtake and sale of all MHP production from Goro.MHP is a key intermediate product used for the expanding electric vehicle (EV) industry.
New Century Resources will arrange a US$100 million (roughly A$139.4 million) long-term debt facility through a financial institution and a further US$100 million contribution through a combination of third-party VNC level strategic investment and Goro offtake prepayments. Overview Created with Sketch. It was founded in 1995. MHP is also used as a nickel source for the conventional steel alloy and plating industries.Due to its European source and classification as a quality product, the company believes MHP production from Goro is on its way to being seen as a premium product.The company has already received strong offtake interest and proposals are underway from two prominent mining companies, several multi-national commodity trading houses and a market-leading end user in the automotive industry.Company shares are up 2.56 per cent and are trading for 20 cents each at 12:21 pm AEST.After restarting drilling work at its Morning Star Project, AuStar Gold (AUL) has revealed a cashflow-positive month of July.Auroch Minerals (AOU) has received all assays from the first-pass aircore (AC) drilling program at the Valdez Prospect.Fenix Resources (FEX) has secured approval for its Iron Ridge mining proposal as it gets ready for its first shipment next year.AuStar Gold (AUL) has announced that it restarted drilling at the Morning Star Mine in early July. New Century Resources (ASX: NCZ) is an exploration and development company with a zinc project located in North West Queensland and coking coal project in Alabama, United States. New Century Resources's competitive profile, comparisons of quarterly results to its competitors, by sales, income, profitability, market share by products and services - CSIMarket They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term.
Team; Sectors; Focus; Transactions. List of New Century Resources's Customers comparisons of Market Cap, Sales per Employee, Income per Employee - CSIMarket
The funding will facilitate the simplification plan and general working capital for the operation.The money will be in the form of equity and debt contributions from a combination of Vale, the French State (through a renewal of an existing facility) and New Century-sourced financing partnerships.Broken down, Vale will make a cash contribution of US$500 million (roughly A$697.4 million) and proactive discussions with the French State will hopefully lead to renewing an existing €200 million (roughly A$327.9 million) facility.New Century Resources will arrange a US$100 million (roughly A$139.4 million) long-term debt facility through a financial institution and a further US$100 million contribution through a combination of third-party VNC level strategic investment and Goro offtake prepayments.The simplification plan is being undertaken due to a series of original design flaws and issues that led to historical operations underperforming.The operational complexity and downtime has been associated with the complex refinery on site, which is used to produce nickel oxide and cobalt carbonate. At late afternoon trade, shares in New Century were up 12.90% to $0.35. Small Caps and affiliated companies accept no responsibility for any claim, loss or damage as a result of information provided or its accuracy. There may be a conflict of interest present with commercial arrangements with companies and/or stock held. The information provided on this site is general in nature, not financial product advice, see a financial expert before making any investment decision. In-situ mineral resources provide potential for mine life extension and New Century is engaged in active exploration programs across the 1800 square kilometre tenement package. A separate simpler process is used to produce nickel and cobalt-containing Mixed Hydroxide Precipitate (MHP) on site.In the last two months, the simplification plan has achieved successful refinery shutdown, ramp-up of MHP production and improvement in overall plant uptime.The refinery shutdown and transition to MHP-only production has put the Goro operation on track to deliver its best monthly production in over two years.The trial saprolite sale to customers in New Caledonia is currently underway and a planned limonite-only feed trial is expected in August.As part of the proposed transaction, New Century will be responsible for the offtake and sale of all MHP production from Goro.MHP is a key intermediate product used for the expanding electric vehicle (EV) industry.
New Century Resources will arrange a US$100 million (roughly A$139.4 million) long-term debt facility through a financial institution and a further US$100 million contribution through a combination of third-party VNC level strategic investment and Goro offtake prepayments. Overview Created with Sketch. It was founded in 1995. MHP is also used as a nickel source for the conventional steel alloy and plating industries.Due to its European source and classification as a quality product, the company believes MHP production from Goro is on its way to being seen as a premium product.The company has already received strong offtake interest and proposals are underway from two prominent mining companies, several multi-national commodity trading houses and a market-leading end user in the automotive industry.Company shares are up 2.56 per cent and are trading for 20 cents each at 12:21 pm AEST.After restarting drilling work at its Morning Star Project, AuStar Gold (AUL) has revealed a cashflow-positive month of July.Auroch Minerals (AOU) has received all assays from the first-pass aircore (AC) drilling program at the Valdez Prospect.Fenix Resources (FEX) has secured approval for its Iron Ridge mining proposal as it gets ready for its first shipment next year.AuStar Gold (AUL) has announced that it restarted drilling at the Morning Star Mine in early July. New Century Resources (ASX: NCZ) is an exploration and development company with a zinc project located in North West Queensland and coking coal project in Alabama, United States. New Century Resources's competitive profile, comparisons of quarterly results to its competitors, by sales, income, profitability, market share by products and services - CSIMarket They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term.
Team; Sectors; Focus; Transactions. List of New Century Resources's Customers comparisons of Market Cap, Sales per Employee, Income per Employee - CSIMarket