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Publié le 06 octobre 2015

2015 Annual Financial Report

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2015 Annual Financial Report

Microsoft Word - Globe Annual Financial Report.30 June 15. Final


Globe Metals & Mining

Limited

(ABN 33 114 400 609)


And Controlled Entities


Annual Financial Report




For the year ended 30 June 2015



CONTENTS

CORPORATE DIRECTORY 1

DIRECTORS REPORT 2

REMUNERATION REPORT ‐ AUDITED 7

AUDITOR'S INDEPENDENCE DECLARATION 14

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 15

CONSOLIDATED STATEMENT OF FINANCIAL POSITION 16

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 17

CONSOLIDATED STATEMENT OF CASH FLOWS 18

NOTES TO THE FINANCIAL STATEMENTS 19

CORPORATE GOVERNANCE STATEMENT 45

DIRECTORS' DECLARATION 50

INDEPENDENT AUDITOR'S REPORT 51



CORPORATE DIRECTORY

Directors

Ms Alice Wong, Non‐Executive Chairperson

Mr Alistair Stephens, Managing Director and CEO Mr William Hayden, Non‐Executive Director Mr Alex Ko, Non‐Executive Director

Mr Bo Tan, Non‐Executive Director


Company Secretary

Mr Michael Fry


Principal & Registered Office

Level 1, Suite 1 35 Havelock St

West Perth WA 6005 Telephone: (08) 9327 0700 Facsimile: (08) 9327 0798 ABN: 33 114 400 609


Auditors PwC ‐ Australia

Brookfield Place

125 St Georges Terrace Perth

WA 6000


PwC ‐ Malawi

3rd Floor, ADL House Capital City Lilongwe 3

Malawi


Share Registrar

Security Transfers Registrars Pty Ltd 770 Canning Highway

Applecross WA 6153 Telephone: (08) 9315 2333 Facsimile: (08) 9315 2233


Securities Exchange Listing

Australian Securities Exchange

(Home Exchange: Perth, Western Australia) Code: GBE


Bankers

Westpac

109 St Georges Terrace Perth WA 6000



The directors of Globe Metals & Mining Limited ('Globe' or 'the Company') hereby submit their report of the Company and its controlled entities ('the Group') for the financial year ended 30 June 2015.


DIRECTORS

The names and particulars of the Directors of the Company during or since the end of the financial year are: Alice Wong Non‐Executive Chairperson

Alistair Stephens Managing Director and Chief Executive Officer

William Hayden Non‐Executive Director

Bo Tan Non‐Executive Director

Alex Ko Non‐Executive Director

Shasha Lu Executive Director (resigned on 18 November 2014)

Jingbin Tian Non‐Executive Director (retired on 28 November 2014) Directors have been in office since the start of the financial year to the date of this report unless otherwise stated.


COMPANY SECRETARY

Michael Fry was appointed Company Secretary of Globe on 1 February 2015. Michael holds a Bachelor of Commerce degree from the University of Western Australia and has worked in accounting and advisory roles for over 20 years. Michael is currently a non‐ executive director of VDM Group Ltd and an executive director of Cougar Metals NL.

Ms Kerry Angel ceased as Company Secretary on 31 January 2015.


PRINCIPAL ACTIVITIES

The principal activities of the Group during the financial year were to explore, develop and invest in the resource sector. The Group's major project is the Kanyika Niobium Project in Malawi. The Group has other exploration projects that are at various stages of progress in Malawi but has suspended exploration on its project in Mozambique pending further assessment.

There were no significant changes in the nature of the Group's principal activities during the current year.


RESULTS

The consolidated loss of the Group after providing for income tax amounted to $3,279,524 (2014: $4,625,668). No amounts have been paid or declared by way of dividend during or since the end of the financial year.


REVIEW OF OPERATIONS

During the year ended 30 June 2015, the Group's operational focus was on the advancement of its Kanyika Niobium Project and its Chiziro Graphite Project, both located in the central part of Malawi, north of the capital city of Lilongwe.

Kanyika Niobium Project

The Kanyika Niobium Project is host to a 2004 JORC compliant Mineral Resource Estimate of 68.3Mt @ 2,830ppm Nb2O5 (niobium pentoxide) and 135ppm Ta5O5 (tantalum pentoxide) using a 1,500 ppm Nb2O5 cut‐off (refer ASX announcement of 7 January 2013). Niobium (Nb) and tantalum (Ta) are key additives in steel manufacture, electronics and ceramics.

During the year, the Group continued with the Kanyika Feasibility Optimisation Programme to progress the overall Kanyika Definitive Feasibility Study. This programme focused on operation of the concentrator demonstration plant at the Guangzhou Research Institute of Non‐Ferrous Metallurgy. The results from plant operation were in‐line with earlier bench‐scale testing work. The demonstration plant allowed substantial de‐risking of the concentrator process and also production of sufficient concentrate samples for downstream testing, market evaluation and securing product off‐take agreements. Also during the year the Group also carried out a small soil program within the Kanyika exploration licence area. 198 soil samples were taken but assays failed to detect any significant Nb or Ta anomalism.

The Kanyika Exclusive Prospecting Licence (EPL0188) was due for expiry at the end of December 2014. In early December 2014, Globe applied for a Mining Licence to cover the Kanyika Nb‐Ta resource and all areas covering proposed mine infrastructure and prospective exploration areas. Globe received notification in June 2015 from Malawi Ministry of Natural Resources, Energy & Mining that its application for a Mining Lease has been approved subject to completion of a Development Agreement.


The Development Agreement negotiations are continuing in good faith with the Government of Malawi.


Lastly, the Malawi Ministry of Natural Resources, Energy & Mining approved a new Exclusive Prospecting Licence over an area adjacent to Mining Lease area, which is considered prospective for Nb‐Ta and rare earth elements.


Chiziro Graphite Project

During the year ended 30 June 2015, Globe conducted a significant trenching program at the Chimutu Prospect, which had been outlined from previous mapping and rock chip sampling. A total of 17 trenches were completed for a total of 6,266 metres. The trenching was successful, with significant graphite mineralisation being defined over a six kilometre strike length and widths in excess of 250 metres within two mineralised trends.


During the year Globe also undertook preliminary mineralogical analysis which identified premium quality large‐flake graphite and conducted preliminary metallurgical test‐work which indicated a high grade graphite concentrate product.


In addition, Globe identified further prospects within the project area for future targeting through geological mapping and rock‐chip sampling. Preliminary results from some of the 123 rock chip samples collected at two of these prospects were encouraging, and suggestive of the existence of a third mineralised trend.


The Group also has two other projects in Malawi which were the subject of limited exploration activity as follows:


Machinga Rare Earth Project

Exploration on this Project is at an early stage. Soil sampling programmes in 2013 and 2014 field seasons outlined a substantial rare earth element and a Nb‐Ta anomalism.


During the year ended 30 June 2015, a soil sampling program was carried out as a follow up to previous sampling programmes. A total of 59 samples were collected from the Machinga Main South Zone and the assay results of these further supported and delineated the anomalies.


Also during the year, the Malawi Ministry of Natural Resources, Energy & Mining approved a two year extension of the Machinga exploration licence to August 2016.


Salimbidwe Rare Earth Project

Exploration on this Project is also at an early stage.


During the year ended 30 June 2015, work was limited to a desk top review of available data and planning of future work programs.


Mineral Tenement Schedule


Project

Location

Status

Tenement

Globe's interest

Kanyika Niobium (i)

Malawi

Granted

under mining lease application

100%

Kanyika Exploration

Malawi

Granted

EPL0421/15

100%

Chiziro

Malawi

Granted

EPL0299/10R

100%

Machinga

Malawi

Granted

EPL0230/07R

100%

Salambidwe

Malawi

Granted

EPL0289/10R

100%

Memba

Mozambique

Granted

4832L, 4831L

100%


(i) a Mining Lease application lodged with Malawi Ministry of Natural Resources, Energy & Mining on 5 December 2014 covering in part the area previously covered by EPL1088/05 has been approved subject to the completion of a Development Agreement.


Note:

EPL:

Exclusive Prospecting Licence (Malawi)

L:

Exclusive Prospecting Licence (Mozambique)


Competent Person Statements

Information in this report relating to the Mineral Resource Estimate is based on information compiled by Mr Michael Job, Fellow of the Australasian Institute of Mining and Metallurgy, and a consultant employed by Quantitative Group at the time the Mineral Resource Estimate was completed. Mr Job had sufficient experience related to the activity undertaken to qualify as a 'Competent person', as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves and consented to the inclusion in reports of matters compiled by him in the form and context which they appear. The Mineral Resource Estimate was first reported to the ASX on 7 January 2013 and has not been updated since. The Mineral Resource Estimate has not been updated to comply with JORC Code 2012 on the basis that the information the Mineral Resource Estimate was derived from has not materially changed since it was last reported.

Information in this report relating to metallurgical evaluation is based on information compiled by Dr Marc Steffens. Dr Steffens is a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and is a full‐time employee of Globe Metals and Mining. Dr Steffens consents to the inclusion in the report of matters based on his information in the form and context in which it appears

The information in this report relating to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Fergus Jockel, a competent person who is a Member of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Fergus Jockel is a full‐time employee of the Company and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Jockel consents to the inclusion in the report of matters based on his information in the form and context in which it appears.


ENVIRONMENTAL LEGISLATION AND COMPLIANCE

The Group's operations are subject to environmental regulation in Malawi and Mozambique in relation to the exploration and future mining and development activities. Exploration Licenses and other tenements are issued subject to ongoing compliance with all relevant legislation. The Group has complied with all relevant legislation during the year.


SHARES UNDER OPTION


At the date of this report 4,000,000 unissued ordinary shares of the Company under option are as follows:


Grant Date

1‐Jul‐13

Expiry Date

31‐Dec‐17

Exercise Price

10 cents

Number of Options

1,000,000

1‐Jul‐13

31‐Dec‐18

15 cents

1,000,000

1‐Jul‐13

31‐Dec‐19

20 cents

1,000,000

1‐Jul‐13

31‐Dec‐20

25 cents

1,000,000


SIGNIFICANT CHANGES IN STATE OF AFFAIRS


Other than as disclosed in this report and the accompanying financial report, there were no other significant changes in the Group's state of affairs during the course of the financial year.


LIKELY DEVELOPMENTS AND EXPECTED RESULTS OF OPERATIONS


The Group proposes to continue its exploration program and investment activities across its various mineral industry interests. Further information in relation to likely developments and the impact on the operations of the Group has not been included in this report, as the directors believe it would result in unreasonable prejudice to the Group.


AFTER BALANCE DATE EVENTS


No matters or circumstances have arisen since the end of the financial year which significantly affected or may significantly affect the operations of the Group, the results of those operations, or the state of affairs of the Group in future financial years.


INFORMATION ON DIRECTORS


Alice Wong Non‐Executive Chairperson


Special Responsibilities Member of Nomination and Remuneration Committee Qualifications B.Bus in Accounting and Finance

Ms Alice Wong commenced her career with Pricewaterhouse as an auditor for leading international companies. Ms Wong subsequently worked in the investment banking industry in Hong Kong where her career spanned across BNP Paribas Peregrine, ABN AMRO Rothschild, and Morgan Stanley. In her investment banking career Ms Wong engaged in equity capital markets including IPOs, share placements, rights issues, and bond issues for a vast range of clients.


Ms Wong holds a Bachelor of Business Administration in Accounting and Finance from the University of Hong Kong and is a member of the American Institute of Certified Public Accountants (AICPA).


Interest in Shares and Options 245,983,611(1) Directorships of other

ASX Listed Companies Nil


(1)Ms Wong is the sole shareholder and Director of Apollo Metals Investment Co. Ltd which holds 245,983,611 shares in the Company


Alistair Stephens Managing Director and Chief Executive Officer

Qualifications Masters of Business Administration Bachelor of Science (Honours)

Graduate of the Australian Institute of Company Directors (GAICD)


Experience Mr Stephens is a qualified geologist with more than 30 years' experience in the resources industry, in a broad range of technical and corporate management, including corporate governance, strategic development and delivery, technical program development, marketing, shareholder communications and capital funding.


Mr Stephens held the position of Managing Director and Chief Executive Officer of Arafura Resources Limited (ASX: ARU) between 2004 and 2009.


Mr. Stephens commenced his career in gold and copper exploration and development with Newmont but orientated most of his career in mining, planning and processing operations in gold with Normandy Poseidon and KCGM Pty Ltd and nickel with WMC Resources. He also has marketing and commercial experience with Orica Ltd in explosives.


Interest in Shares and Options 1,000,000 10 cent options exercisable on or before 30 June 2017

1,000,000 15 cent options exercisable on or before 30 June 2018 1,000,000 20 cent options exercisable on or before 30 June 2019 1,000,000 25 cent options exercisable on or before 30 June 2020

Directorships of other

ASX Listed Companies Nil



William Hayden Non‐Executive Director


Special Responsibilities Member of the Nomination and Remuneration Committee

Member of the Audit and Risk Committee

Qualifications B Sc (Hons)

Experience Mr Hayden is a geologist with over 36 years' experience in the mineral exploration industry, much of which has been in Africa and the Asia‐Pacific region. Mr Hayden was the founder and President of Ivanhoe Nickel and Platinum Ltd. (formerly African Minerals Ltd.), a Canadian company which has assembled extensive mineral holdings in Africa. Since 1986 Mr Hayden has worked in a management capacity with several exploration and mining companies both in Australia and overseas. Mr Hayden was President of Ivanhoe Philippines, Inc. (an Ivanhoe Mines wholly owned subsidiary), former President of GoviEx Uranium Inc., a director of China Polymetallic Mining Ltd (HKSE listed), Sky Alliance Resources Inc., Ivanplats Ltd, Sunward Resources Ltd (TSX listed) and Condoto Platinum NL. (ASX listed).Interest in Shares and Options 76,923 Fully Paid Ordinary Shares

Directorships of other

ASX Listed Companies Condoto Platinum NL


Bo Tan Non‐Executive Director


Special Responsibilities Chairperson of Audit and Risk Committee

Qualification BEcon ‐ Renmin China, MBA ‐ Thunderbird USA, M.A University of Connecticut

Experience Mr Bo Tan, a Canadian national, has over 15 years' experience as a senior manager and director in financial planning, reporting, investment, capital structure and industrial research.

Mr Tan has worked for companies such as Bohai Industrial Investment Fund, Lehman Brothers Asia and Macquarie Securities Asia, and across international markets in China, Hong Kong, Canada and USA.

Interest in Shares and Options Nil Directorships of other

ASX Listed Companies Nil


Alex Ko Non‐Executive Director


Special Responsibilities Chairperson of the Nomination and Remuneration Committee

Member of the Audit and Risk Committee

Qualifications Bachelor Business Administration

Experience Mr Ko has over 30 years' experience in finance and investment banking. He has been a pioneer in the listing of Chinese equity offers through the Hong Kong exchange including many high profile government and private Chinese companies. He has held many independent non‐executive director roles with Hong Kong listed companies in the transportation, electronics and environmental protection industries. He has strengths in finance and corporate governance.

Mr Ko is currently a Director and CEO of CMBC International Holdings Limited, a non‐ executive director of Petro‐king Oilfield Services Limited, and a trustee of a not for profit schooling academy in the USA.

Interest in Shares and Options Nil Directorships of other

ASX Listed Companies Nil


REMUNERATION REPORT ‐ AUDITED


This remuneration report for the year ended 30 June 2015 outlines the remuneration arrangements of the Group in accordance with the requirements of Corporations Act 2001 (the Act) and its regulations. This information has been audited as required by Section 308(3C) of the Act.


The remuneration report details the remuneration arrangements for Key Management Personnel (KMP) who are defined as those persons having authority and responsibility for planning, directing and controlling the major activities of the Group, directly or indirectly, including any director (whether executive or otherwise) of the parent.


For the purposes of this report, the term 'executive' includes the Managing Director (MD), executive directors (where applicable) and senior executives of the Group.


  1. Remuneration Governance

    The Board of Directors has established a Committee for the purpose of reviewing and making recommendations with respect to the remuneration practices of the Company.


    The Committee comprises Mr Alex Ko (Chairperson), Mr Bill Hayden and Ms Alice Wong; all of whom are non‐executive directors.


    The Board of Directors has prepared and approved a charter as the basis on which the Committee will be constituted and operated. The role of the Committee is to provide a mechanism for the determination, implementation and assessment of the remuneration practices of the Company, including remuneration packages and incentive schemes for executive Directors and senior management, and fees payable to Non‐Executive Directors.


    The Committee is primarily responsible for making recommendations to the Board on:

    • the overarching executive remuneration framework;

    • the operation of incentive plans (if any) which apply to the executive team, including key performance indicators and performance hurdles;

    • the remuneration levels of executive directors and other KMP; and

    • the fees payable to non‐executive directors.


    The Committee's objective is to ensure that remuneration policies and structures are fair and competitive, and aligned with the long term interests of the Group.


    From time to time, the Committee may seek external remuneration advice. Where this is the case, remuneration consultants are engaged by, and report directly to, the Committee. In selecting remuneration consultants, the Committee considers potential conflicts of interest and requires independence from the Group's KMP as part of the terms of engagement.


    The Corporate Governance Statement provides further information on the role of the Remuneration Committee.


  2. Remuneration Policy

    The remuneration policy of Globe Metals & Mining Limited and its Controlled Entities has been designed to align Director and executive objectives with shareholder and business objectives by providing a fixed remuneration component which is assessed on an annual basis in line with market rates and offering specific incentives, from time to time, that are based on share price and key performance areas affecting the Group's financial results.


    The Board of Directors of Globe believes the remuneration policy is appropriate and effective in its ability to attract, retain and motivate suitably qualified and experienced Directors and executives to run and manage the Group, as well as create goal congruence between the Directors, executives and the Company's shareholders.


  3. Remuneration Arrangements

    All executives receive a base salary (which is based on factors such as length of service and experience) and superannuation (in accordance with relevant legislation). Executive remuneration may also incorporate a component of performance based remuneration.


    The Board reviews executive packages annually by reference to the economic entity's performance, executive performance and comparable information from industry sectors and other listed companies in similar industries.


    REMUNERATION REPORT - AUDITED (CONTINUED)


  4. Remuneration Arrangements (continued)

    Non‐executive directors are remunerated at market rates for comparable companies for time, commitment and responsibilities. The Board determines payments to non‐executive directors and reviews their remuneration annually, based on market practice, duties and accountability. Independent external advice is sought when required. The maximum aggregate amount of fees that can be paid to non‐executive directors is subject to approval by shareholders at the Annual General Meeting (currently $600,000).


    The Board of Directors may exercise discretion in relation to approving incentives, bonuses and options.


    All remuneration paid to Directors and executives is valued at the cost to the Company and expensed. Options are independently valued by corporate advisers using the Black‐Scholes method and Monte Carlo Model. Shares are valued at Market Value.


  5. Performance Based Remuneration

    The Company believes that linking the remuneration of Directors and executives with performance will be effective in increasing shareholder wealth.


    From time to time, the Board of Directors may establish performance targets and a bonus system for the purposes of providing directors and executives with short‐term and long‐term performance incentives. Such incentives are offered to increase goal congruence between shareholders and directors and executives.


    There are currently no incentive programs in place, apart from options which have been granted to the Managing Director and CEO. The options were not based on a percentage of salary. The Board of Directors issued the options to the Managing Director and CEO as an incentive based on market conditions.


  6. Details of Remuneration

  7. Compensation of key management personnel for the year ended 30 June 2015


    2015

    SHORT‐TERM BENEFITS


    Salary & Termination Other Fees Payment

    POST EMPLOY‐ MENT

    Super‐ annuation

    SHARE‐ BASED PAYMENT

    Options

    TOTAL


    $

    SHARE‐ BASED PAYMENT

    as a % of TOTAL

    Directors

    Alice Wong - Chairperson

    82,042 ‐

    82,042

    0%

    Alistair Stephens ‐ Managing Director & CEO

    385,000 ‐

    18,783

    403,783

    0%

    Shasha Lu - Executive Director & Deputy CEO (i) 360,000 ‐ ‐ ‐ ‐ ‐ 14,‐468 374,468 4%

    William Hayden ‐ Non‐Executive Director

    52,968

    5,032

    58,000

    0%

    Bo Tan ‐ Non‐Executive Director

    58,000

    58,000

    0%

    Alex Ko ‐ Non‐Executive Director

    54,958

    54,958

    0%

    Jingbin Tian ‐ Non‐Executive Director (ii) ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 29,0000%

    Total remuneration directors 2015

    992,968

    23,815

    14,468

    1,031,251

    1%

    Specified Executives

    Kerry Angel ‐ CFO & Company Secretary (iii)


    140,000


    102,000



    14,088



    256,088


    0%

    Fergus Jockel ‐ Exploration Manager

    220,000

    18,783

    238,783

    0%

    Total remuneration specified executives 2015

    360,000

    102,000

    32,871

    494,871

    0%

    (i) Resigned as a Director on 18 November 2014

    (ii) Retired as a Director on 28 November 2014

    (iii) Ceased employment on 31 January 2015


    REMUNERATION REPORT - AUDITED (CONTINUED)


    E. Details of Remuneration (continued)


    Compensation of key management personnel for the year ended 30 June 2014


    2014

    SHORT‐TERM BENEFITS

    POST

    SHARE‐

    TOTAL

    SHARE‐

    EMPLOY‐

    BASED

    BASED

    MENT

    PAYMENT

    PAYMENT

    Salary & Fees

    Termination Payment

    Other(vii) Super‐ annuation

    Options $ as a % of TOTAL

    Directors

    Alice Wong ‐ Chairperson(i)


    51,627






    51,627


    0%

    Alistair Stephens ‐ Managing Director & CEO

    364,583

    17,775

    382,358

    0%

    Shasha Lu - Executive Director & Deputy CEO

    363,511

    29,731

    ‐ ‐

    34,‐975

    428,217

    8%

    William Hayden ‐ Non‐Executive Director

    53,089

    4,911

    58,000

    0%

    Bo Tan ‐ Non‐Executive Director(ii)

    39,817

    39,817

    0%

    Alex Ko ‐ Non‐Executive Director(iii)

    19,792

    19,792

    0%

    Jingbin Tian ‐ Non‐Executive Director

    29,000

    ‐ ‐

    29‐,000

    29,0000%

    Yi Shao ‐ Chairman(iv)

    43,500

    43,500

    0%

    Peter Stephens ‐ Non‐Executive Director(v)

    30,969

    2,865

    33,834

    0%

    Total remuneration directors 2014

    995,888

    29,731

    25,551

    34,975

    1,086,145

    3%

    Specified Executives

    Kerry Angel ‐ CFO & Company Secretary

    241,500

    17,775

    259,275

    0%

    Fergus Jockel ‐ Exploration Manager

    221,500

    17,775

    239,275

    0%

    Les Middleditch ‐ Kanyika DFS Manager (vi)

    48,244

    144,756

    1,481

    194,481

    0%

    Total remuneration specified executives 2014

    511,244

    144,756

    37,031

    693,031

    0%


    (i) Appointed Non‐ Executive Director on 11 October 2013 and Chairperson on 31 January 2014

    (ii) Appointed on 9 October 2013

    (iii) Appointed on 10 February 2014

    (iv) Resigned on 6 January 2014

    (v) Resigned on 13 January 2014; options had not vested and were forfeited on resignation

    (vi) Resigned on 31 July 2013

    (vii) Accrued annual leave paid


    Compensation options granted to key management personnel during the year ended 30 June 2015


    There were no options granted to key management personnel during the year ended 30 June 2015.


    Compensation options granted to key management personnel during the year ended 30 June 2014


    Options granted to key management personnel during the year ended 30 June 2014 were as follows:


    Terms & Conditions for Each Grant

    Vested No. Granted No. Grant Date Value per

    Option at Grant Date

    $

    Exercise Price


    $

    First Exercise Date

    Last Exercise Date


    Alistair Stephens(i) ‐ 1,000,000 2/07/2013 0.00 0.100 1/7/2014 30/6/2017

    Alistair Stephens(ii) ‐ 1,000,000 2/07/2013 0.00 0.150 1/7/2015 30/6/2018

    Alistair Stephens(iii) ‐ 1,000,000 2/07/2013 0.00 0.200 1/7/2016 30/6/2019 Alistair Stephens(iv) ‐ 1,000,000 2/07/2013 0.00 0.250 1/7/2017 30/6/2020

    ‐ 4,000,000


    REMUNERATION REPORT - AUDITED (CONTINUED)

    E. Details of Remuneration (continued) Vesting conditions pertaining to employee options:

    (i) Options vest on 1 July 2014 and expire on 30 June 2017, conditional on VWAP over fifteen consecutive trading days on the ASX must be greater than A$0.20. The share price must be greater than the excise price at vesting date. The option is forfeited if not exercised within one calendar month of leaving employment of the company.

    (ii) Options vest on 1 July 2015 and expire on 30 June 2018, conditional on VWAP over fifteen consecutive trading days on the ASX must be greater than A$0.30. The share price must be greater than the excise price at vesting date. The option is forfeited if not exercised within one calendar month of leaving employment of the company.

    (iii) Options vest on 1 July 2016 and expire on 30 June 2019, conditional on VWAP over fifteen consecutive trading days on the ASX must be greater than A$0.40. The share price must be greater than the excise price at vesting date. The option is forfeited if not exercised within one calendar month of leaving employment of the company.

    (iv) Options vest on 1 July 2017 and expire on 30 June 2020, conditional on VWAP over fifteen consecutive trading days on the ASX must be greater than A$0.50. The share price must be greater than the excise price at vesting date. The option is forfeited if not exercised within one calendar month of leaving employment of the company.


    Option Holdings of Directors and Key Management Personnel


    The numbers of options over ordinary shares in the company granted under the executive short term incentive scheme that were held during the financial year by each director and the key management personnel of the group, including their personally related parties, are set out below:


    2015

    Balance at beginning

    Granted as Remuneration

    Exercised

    (Lapsed)

    Balance at 30 Total Vested atTotal Exercisable June 2015 30 June 2015 at 30 June 2015

    Alice Wong

    Alistair Stephens

    4,000,000

    4,000,000

    1,000,000

    1,000,000

    William Hayden

    1,100,000

    (1,100,000)

    Bo Tan

    Alex Ko

    Shasha Lu (i)

    3,800,000

    (3,800,000)

    Jingbin Tian (ii) ‐ ‐ ‐ ‐ ‐ ‐ ‐

    Fergus Jockel

    Kerry Angel(iii)l

    8,900,000

    (4,900,000)

    4,000,000

    1,000,000

    1,000,000

    (i) Resigned as a director on 18 November 2014; continues in capacity of Deputy CEO

    (ii) Retired as a director on 28 November 2014

    (iii) Ceased employment on 31 January 2015


    2014

    Balance at beginning

    Granted as Remuneration

    Exercised

    (Lapsed)

    Balance at 30 Total Vested atTotal Exercisable June 2014 30 June 2014 at 30 June 2014

    Alice Wong

    Alistair Stephens

    4,000,000

    4,000,000

    William Hayden

    1,100,000

    1,100,000

    1,100,000

    1,100,000

    Bo Tan

    Alex Ko

    Shasha Lu

    4,800,000

    (1,000,000)

    3,800,000

    Jingbin Tian

    Kerry Angel

    Fergus Jockel

    Yi Shao(i)

    Peter Stephens (ii)

    1,100,000

    (1,100,000)

    Les Middleditch(iii)

    7,000,000

    4,000,000

    (2,100,000)

    8,900,000

    1,100,000

    1,100,000

    (i) Resigned as a director on 6 January 2014

    (ii) Resigned employment on 13 January 2014; options held forfeited at the date of resignation

    (iii) Resigned employment on 31 July 2013

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Arafura Resources

EN DÉVELOPPEMENT
CODE : ARU.AX
ISIN : AU000000ARU5
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Arafura Res. est une société d’exploration minière d'or et de nickel basée en Australie.

Arafura Res. est en développement de projets d'or, de nickel, de rare earth et d'uranium en Australie, et détient divers projets d'exploration en Australie.

Son principal projet en développement est NOLANS BORE en Australie et ses principaux projets en exploration sont AILERON / REYNOLDS RANGE, JERVOIS, KURINELLI, MT PORTER / FRANCES CREEK et HAMMER HILL en Australie.

Arafura Res. est cotée en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 227,0 millions AU$ (163,8 millions US$, 143,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 20 avril 2007 à 2,16 AU$, et son plus bas niveau récent le 19 décembre 2014 à 0,04 AU$.

Arafura Res. possède 546 900 032 actions en circulation.

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Présentations des Compagnies de Arafura Resources
20/05/2008The Nolans Project
Nominations de Arafura Resources
08/12/2008today - Appointment of Chairman - Mr. Ian Laurance
Projets de Arafura Resources
01/12/2010(Nolans Bore)Presentation of the Nolans Project
18/11/2008(Nolans Bore)NOLANS RARE EARTHS PROJECT, NORTHERN TERRITORY
12/11/2008(Nolans Bore)Nolans Resource Upgrade
05/08/2008(Nolans Bore)New Mineralization at Nolans returns outstanding assays.
11/07/2008(Nolans Bore)NOLANS PROJECT RARE EARTHS MARKET UPDATE
04/07/2008(Hammer Hill)Hammer Hill update 040708
20/05/2008(Hammer Hill)Sulphine mineralisation intersected in early drilling
Communiqués de Presse de Arafura Resources
14/07/2016Response to ASX Price Query
28/06/2016BRR Webcast - Nolans Review and Major Improvements
20/06/2016AHK: Progress Report
25/05/2016Webcast Nolans OPEX and EIS Update
23/05/2016Nolans Environmental Approvals Update
08/01/2016RE Separation MOU Executed with OCI
23/12/2015$3.0 Million R&D Tax Refund Received
25/11/2015RXL: Drilling to Commence at Bonya
19/11/2015Chairman's Address 2015 AGM
19/11/2015AGM 2015 Presentation
29/10/2015Increase Nolans Project Mineral Resources
27/10/2015Quarterly Activities & Cashflow Report
09/10/2015Notice of Annual General Meeting/Proxy Form
06/10/20152015 Annual Financial Report
22/09/2015FWL: Deed of Cancellation
17/09/2015Annual Report to shareholders
17/09/2015Appendix 4G - Corporate Governance
27/07/2015AHK: Frances Creek MMP Approved
27/07/2015Quarterly Activities & Cashflow Report
03/03/2015Initial Director's Interest Notice
18/02/2015Half Year Accounts
16/02/2015Change of Share Registry Notification
05/11/2014Letter to Shareholders
30/10/2014Quarterly Activities and Cashflow Report
30/10/2014FWL: 51% of Arafura Iron Pty Ltd Secured
23/10/2014NT Major Projects Presentation
20/10/2014RXL: Exceptional Copper Assays From Bonya Mine Drilling
25/11/2013BRR Webcast- Arafura AGM
08/11/2013Mulga Drilling Results
31/07/2009Quarterly Report
15/06/2009Settlement of Chinese Share Subscription List
29/05/2009FIRB Approval for Nolans Project
19/02/2009Strategic Investment in Arafura Resources Ltd
26/08/2008Incitec Heads of Agreement
16/05/2008Phosphate Project Recoveries
28/04/2008Releases Flotation Demonstration Results
09/07/2007Releases Outstanding REO and Uranium Results
19/03/2007Nu Power lists at 300% Premium
14/03/2007releases Nolans Phosphate Test Work
01/03/2007releases Lagoon Creek Results for March 2007.
16/02/2007Results of General Meeting
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AUSTRALIA (ARU.AX)FRANKFURT (REB.F)
0,415+0.00%0,260+0.00%
AUSTRALIA
AU$ 0,415
06/12 16:10 -
0%
Cours préc. Ouverture
0,415 0,415
Bas haut
0,405 0,420
Année b/h Var. YTD
0,180 -  0,480 97,62%
52 sem. b/h var. 52 sem.
0,175 -  0,480 118,42%
Volume var. 1 mois
14 898 539 36,07%
24hGold TrendPower© : 44
Produit
Développe Uranium
Recherche Copper - Gold - Iron - Titanium - Vanadium
 
 
 
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Dernière mise à jour le : 10/12/2010
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Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
202297,62%0,500,18
202168,00%0,270,12
202035,87%0,130,05
2019100,00%0,150,04
2018-54,00%0,140,04
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
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