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Last 0.45 GBp
Change Today -0.025 / -5.26%
Volume 2.2M
As of 11:35 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

ferrex plc (FRX) Snapshot

Open
0.48 GBp
Previous Close
0.48 GBp
Day High
0.48 GBp
Day Low
0.45 GBp
52 Week High
09/1/14 - 1.35 GBp
52 Week Low
08/25/15 - 0.43 GBp
Market Cap
5.0M
Average Volume 10 Days
976.5K
EPS TTM
-0.0019 GBp
Shares Outstanding
1.1B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FERREX PLC (FRX)

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ferrex plc (FRX) Details

Ferrex PLC engages in the identification, acquisition, exploration, and development of iron ore and manganese projects in Africa. It primarily holds 85% interest in the Nayega manganese project consisting of five exploration permits covering an area of approximately 92,390 hectares located in northern Togo; 78% interest in the Mebaga iron ore project, which covers an area of 305 square kilometers located in the north of Gabon; and 74% interest in the Malelane iron project that covers an area of approximately 4,192 hectares located in the Mpumalanga region in South Africa. The company was incorporated in 2010 and is based in London, the United Kingdom.

12 Employees
Last Reported Date: 02/20/15
Founded in 2010

ferrex plc (FRX) Top Compensated Officers

Managing Director and Director
Total Annual Compensation: 125.0K GBP
Finance Director and Director
Total Annual Compensation: 75.0K GBP
Compensation as of Fiscal Year 2014.

ferrex plc (FRX) Key Developments

Ferrex Plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended March 31, 2015

Ferrex Plc reported unaudited consolidated earnings results for the six months ended March 31, 2015. For the year, the company reported loss from operating activities of GBP 568,000 against GBP 745,000 a year ago. Loss before tax was GBP 659,000 against GBP 745,000 a year ago. Loss attributable to owners of the company was GBP 631,000 against GBP 707,000 a year ago. Basic and diluted loss per share was 0.065 pence against 0.085 pence a year ago. Net cash used in operating activities was GBP 446,000 against GBP 1,244,000 a year ago. Exploration expenditure was GBP 146,000 against GBP 239,000 a year ago.

Ferrex Plc Provides Nayega Manganese Togo Update

Ferrex Plc announced that its Definitive Feasibility Study ('DFS') for an accelerated start-up at its Nayega Manganese Project in northern Togo is complete and a maiden Ore Reserve has been defined. The project is held through its 85% owned subsidiary SGM SARL. This is a significant milestone for the Company as it continues to develop Nayega into a 250,000tpa manganese export operation. Highlights: Preliminary DFS results indicate significant reduction in capital and operating costs for a Nayega accelerated start-up; Maiden Ore Reserve of 8.48Mt at 14.0% Mn; Third party review of DFS underway as part of financing due diligence. The accelerated start-up option for Nayega involves the simplification and modularisation of the process circuit to allow rapid construction and development. Other elements of the original model remain largely unchanged, with 750,000tpa ore throughput initially being mined using owner-operated fleet and processed by scrubbing/screening and DMS, albeit using a modified process flow route. Product will be backhauled by a contractor to the Port of Lome for shipment to customers. Full details of the DFS and modified process flow route for the accelerated start-up mining option for Nayega will be announced on receipt of the mining permit and finalisation of third party due diligence. Ore Reserve: the Ore Reserve was defined for Nayega using the Measured and Indicated Resources. The Ore Reserve is based on a Whittle optimisation using input parameters from the DFS. This has resulted in a selection of Shell 32 as the preferred mining limit based on the inputs used.

Ferrex Plc, Annual General Meeting, Mar 19, 2015

Ferrex Plc, Annual General Meeting, Mar 19, 2015., at 11:00 GMT Standard Time. Location: Craven House. Agenda: To receive the report of the Directors and the audited financial statements of the Company for the year ended 30 September 2014; to re-elect Russell Lamming as Director; to re-appoint Chantrey Vellacott DFK as auditors and to authorise the Directors to determine the remuneration of the auditors; to authorise the directors to exercise all or any of the powers of the company to allot equity securities; and to authorise the directors to allot equity securities.

 

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