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Magnis Energy Technologies Provides Quarterly Activities Report

Magnis Energy Technologies Ltd (“Magnis” or the “Company”) [ASX:MNS) is pleased to present its Quarterly Activities Report for the period ended 30 September 2019.

HIGHLIGHTS:

  • National Australian Bank engaged as an advisor to Imperium3 Townsville (“iM3TSV”), bringing extensive experience in advising on funding large projects in the renewables sector, including working alongside Government bodies to advise
    projects in North Queensland.
  • Independent valuation completed by O’Brien & Gere as part of due diligence for iM3 New York battery plant funding, with equipment valued at US$71.34 Million (A$105.5 Million) and Magnis’ direct and indirect ownership at 50.86% of the
    project for approximately A$53 Million.
  • As part of the project site works, clearing progressed smoothly at the Nachu Graphite Project in Tanzania, further advancing the project.

Magnis Energy Technologies Ltd (“Magnis” or the “Company”) (ASX:MNS) is pleased to present its Quarterly Activities Report for the period ended 30 September 2019.

OPERATIONAL UPDATES

NAB Engaged as Advisor to iM3TSV Townsville Battery Plant

On 5 September, the Company announced that National Australian Bank (“NAB”) had been engaged as an advisor to Imperium3 Townsville (“iM3TSV”), bringing extensive experience in advising funding large projects in the renewables sector, including working alongside Government bodies, to advise projects in North Queensland.

As announced 21 April 2017, an exclusive MoU was signed with Townsville City Council to investigate building a 15GWh Lithium-ion Battery Manufacturing Plant in Townsville, Northern Queensland. With strong government support1 and commitment for $3.1m in grant funding to support the project2&3, iM3TSV was fast tracked on 5 June 20184, with new partners joining the consortium including SIEMENS, Celgard, Probuild, Norman Young & Disney, Ausenco and
WT Partnership.

Although occurring outside the reporting period, on 1 October 2019, Magnis announced that the iM3TSV Townsville Battery Manufacturing Plant Feasibility Study was submitted to Queensland Government. The Feasibility Study investigated the viability of developing an 18 GWh lithium-ion battery manufacturing plant in Townsville over 3 stages and demonstrated
sound financial viability on a project basis, with an NPV of A$2.55 Billion and 21% IRR. Project capital cost for all 3 stages is estimated at A$3 Billion with 1150 direct jobs when operating at full capacity.

The Company looks forward to continuing to progress the iM3TSV over the coming period.

iM3 New York Battery Plant Independent Valuation

On 30 September 2019, Magnis announced that as part of due diligence for the iM3 New York battery plant funding, an independent valuation completed by O’Brien & Gere, a wholly owned subsidiary of Dutch engineering giant Ramboll Group, valued equipment at US$71.34 Million (A$105.5 Million) with Magnis’ direct and indirect ownership at 50.86% of the project. The valuation commenced in August 2019 and reviewed all items purchased as part of the acquisition made in early 20185 and valued Magnis’ 50.86% ownership at approximately A$53 Million. Ramboll Group is based in Denmark and employs over 15,000 engineers globally with over 300 offices in 35 countries.

Nachu Graphite Project Site Works

As per the June 2019 Quarterly Activities Report, the clearing of the Nachu Graphite Project access roads and infrastructure areas has continued to progress smoothly. During the September 2019 quarter, clearing continued with roads surveyed and cleared now providing over 16 kilometres of additional logistically beneficial vehicle access to key planned project areas including main access routes, camp, plant site, tailings storage facility and mine laydown plus the clearing of the community southern diversion road.

In addition, engineering design and pre-costing has been completed on the southern diversion road in readiness for tender process implementation. The southern diversion road is a new access road along the southern mining lease boundary developed to keep communities connected without the need to traverse the mining lease.

Officers from Tanzania’s Mining Commission inspected the proposed area for construction of the explosive storage magazine. The proposed area is satisfactory and now awaits final permitting. Community projects in the quarter included the refurbishment of a water tank for the Chunyu medical clinic, maintenance of community areas and general support and involvement in community events.

Magnis Chairman, Frank Poullas, commented: “The September 2019 quarter has been an important period for Magnis, as we’ve made significant progress on the iM3TSV battery plant, with National Australian bank being appointed as advisors and the completion of the feasibility study, highlighting the strong economics of the project.”

“During the quarter, an independent valuation of the iM3 New York battery plant assigned a valued of approximately A$53 million to Magnis’ direct and indirect ownership in the project, thereby demonstrating the significant value in this asset. We have also continued to advance the Nachu Graphite Project with further clearing undertaken as part of the project site works.

We look forward to continuing to advance the Company’s three projects over the coming period.”

CORPORATE UPDATES

$8 Million in Funding Secured

On 27 September 2019, the Company announced that Middle East based Negma Group had agreed to subscribe for up to $8 Million in shares over a 12 month period, with an option for a further $4 Million investment.

Negma will provide up to $8 Million over the course of 12 months with a maximum monthly subscription of $700,000. The price of the shares issued will be at an 8% discount to the previous ten day Volume Weighted Average Price (“VWAP”). The Company has the flexibility to call the monthly amounts and can cancel the agreement at any stage without a penalty.

Click here to connect with Magnis Energy Technologies (ASX:MNS) for an Investor Presentation.

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5 Top ASX Robotics Stocks

Emerging Technology Investing
robotic arm above a globe showing Australia

Australia is hoping to lead the way in robotics, and these are some of the country's top robotics stocks by market cap.

Robotics is a growing area of engineering and science technology. Although Australia is hoping to lead the way in robotics, the number of pure-play ASX-listed robotics companies isn't all that big.

Robotics is a broad term covering everything from design to the construction and operation of robots. It also includes the use of robots in roles normally played by humans, often to reduce errors or speed up processes.

This list includes a wide range of ASX-listed companies that employ robotics. Data was sourced using TradingView's stock screener on November 24, 2021, and stocks are listed in order of market cap from largest to smallest.


1. WiseTech Global (ASX:WTC)

Market cap: AU$17.19 billion; current share price: AU$52.90

Technology powerhouse WiseTech Global provides software solutions to logistics businesses in 130 countries around the world. Its CargoWise platforms are designed using workflows, automation and robotics. The WiseTech Global Group includes more than 30 businesses.

The company has performed positively on the ASX over the past year, with its share price rising about 70 percent since the start of 2021. The company expects to continue this momentum in during its 2022 fiscal year, with projected EBITDA growth of 26 to 38 percent.

2. Altium (ASX:ALU)

Market cap: AU$5.47 billion; current share price: AU$41.67

Altium is a leading global software company that focuses on 3D-printed circuit board (PCB) design. Although seemingly obscure, the PCB design tool Altium Designer is used by robotics companies like Robotics Kanti. The company also sponsors student robotics design competitions that focus on PCB design.

The 2021 fiscal year was strong for Altium, which reported a revenue increase of 6 percent, to AU$180.2 million, and announced a final dividend of AU$0.21 per share.

3. Vection Technologies (ASX:VR1)

Market cap: AU$249.49 million; current share price: AU$0.25

Vection Technologies is a multinational software company with offices in Western Australia, as well as Subiaco and Casalecchio di Reno in Italy. The company uses robotics technology in addition to 3D, virtual reality, augmented reality, industrial internet of things and CAD solutions.

The business is split into two sections: information technology development and outsourced services. The company also collaborates with Autodesk Technology Centres, the Microsoft Mixed Reality Team and Cisco Systems Italy.

4. FBR (ASX:FBR)

Market cap: AU$116.95 million; current share price: AU$0.05

FBR designs, develops and builds robots for the global construction market. The company's dynamically stabilised offerings are made to work outdoors using FBR's Dynamic Stabilisation Technology.

This technology was first used in the Hadrian X, a brick-laying robot that can build structural walls more efficiently than traditional methods and with less waste. The first commercial building to have its structural walls built by Hadrian X in 2020 was completed and tenanted in 2021.

5. Bill Identity (ASX:BID)

Market cap: AU$44.18 million; current share price: AU$0.25

Previously known as BidEnergy, Bill Identity provides a series of bill management solutions leveraged using its Robotic Process Automation (RPA). The RPA system helps clients increase their efficiency and serves customers across Australia, New Zealand, the UK, the US and Europe. The company had a strong year, with total operating revenue growth of 55 percent year-on-year to AU$14.6 million in its 2021 fiscal year.

Don't forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Ronelle Richards, hold no direct investment interest in any company mentioned in this article

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Robotics is an area of investing that is growing in Australia ― but is it a sector worth investing in?

The global robotics industry is expected to grow at a compound annual growth rate of 7.8 percent through 2028 according to the Global Industrial Robotics Market Analysis 2020. Robotics is an area of investing that is growing in Australia ― but is it a sector worth investing in?

Broadly speaking, robotics is the design and construction of robots. This can include core automation and production, industrial software, robot technology and integration of robotics. From drones to self-driving cars to toys ― robotics is a growing industry that is beginning to permeate our daily lives.


The distinction between robotics and AI can be a little confusing, but essentially think of robotics like the body and AI like the brain. Both can exist separately, and they are powerful when combined. The goal of a robot is to complete a task faster and more efficiently than a human.

What does the market look like?

The COVID-19 pandemic has seen technology sectors such as robotics accelerate as businesses have faced global challenges. Robotics has been able to help keep spaces safer by replacing humans with robots on factory lines, in eCommerce warehouses or on healthcare frontlines taking temperatures or disinfecting spaces.

What is Australia doing to support the robotics sector?

In early 2020, the Robotics Australia Network was formed to accelerate growth of the domestic robotics industry. The network aims to strengthen global competitiveness and cement Australia as a global leader in robotics.

How does the Australian robotics sector stack up?

According to the International Federation of Robotics, in a ranking of the world's most automated countries it's not even in the top 10. Number one is Singapore, followed by South Korea then Japan.

The investment space for pure robotics companies is relatively small, with greater opportunities to invest in more broader technology, AI and automation stocks.

Who are the big players in robotics stocks?

Robotics stocks in Australia are companies with a strong crossover to other technology sectors like artificial intelligence and virtual reality.

Vection Technologies (ASX:VR1)
Market Cap AU$77.56 million

Vection is a multinational software company with offices in Western Australia as well as Subiaco and Casalecchio di Reno in Italy. The company uses robotics technology as well as 3D, virtual reality, augmented reality, industrial IoT and CAD solutions. The business is split into two sections: IT development and outsourced services. The company also collaborates with Autodesk Technology Centers, the Microsoft Mixed Reality Team and Cisco Systems Italy.

Bill Identity (ASX:BID)

Market Cap AU$52.97 million

Previously known as BidEnergy, Bill Identity is a series of bill management solutions leveraged using robotic process automation, which helps clients increase efficiency. The company serves customers across Australia, New Zealand, the UK, the US and Europe. Bill Identity had a strong year, with total operating revenue growth of 55 percent year-on-year to US$14.6M in FY21.

What are the other ways to invest in robotics?

Another way to get into the robotics sector is investing in robotics exchange traded funds (ETFs), a popular choice that offers exposure to the industry of robotics and artificial intelligence rather than a single company. Two major ETFs in the robotics sector are:

  • BetaShares Global Robotics and Artificial Intelligence ETF (ASX:RBTZ)
  • The ROBO Global Robotics and Automation ETF (ARCA:ROBO)

Don't forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Ronelle Richards, hold no direct investment interest in any company mentioned in this article.