Ionic Rare EARTHS Ltd (ixr) Logo

Ionic Rare EARTHS Ltd (IXR)

___:___ · Basic Materials
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IXR Chart

Snapshot

IXR's Principal Activity is the investment in the mining and resource sector.

Share Price Activity

Last (Price)
Change 0.00 (0.00)
Bid / Ask -
Volume
Volume (4w avg)
Turnover
Open
Day Range -
VWAP
Prev Close
Last Trade

Performance

1 Week
1 Month
2022 YTD
1 Year
vs Sector (1yr) +96.94%
vs ASX 200 (1yr) +100.24%

Size

Market Cap Question Mark Icon
Excludes mandatory escrowed shares and foreign shares.
ASX Rank 737 of 2,413
Sector Rank 152 of 887

Key Fundamentals

Shares Issued
Sector Basic Materials
Similar Companies BRI / AHQ / PM8
EPS -$0.001
DPS $0.00
Book Value Per Share $0.01

Broker Consensus

IXR is not covered by a major broker, or data from most recent compilation was omitted due to not meeting QA guidelines.

Announcements

Date Heading Pages File Size Time

Corporate Overview

Ionic Rare Earths Limited (IXR, formerly Oro Verde Limited) is an Australian based company focusing on investments in the mining and resource sector. Currently IXR is focusing on its flagship Makuutu Rare Earths Project in Uganda.

Incorporation Details

Incorporated in WA on 29/07/1998.

Corporate Details

Head Office West Perth WA 6005
Website ionicre.com.au
Registry Computershare
Auditor BDO Audit (WA) Pty Ltd
Date Listed 10 Dec 1999

Upcoming Calendar (Forecasted)

Date Event
27/07/2022 Report (Quarterly)
29/09/2022 Report (Annual)
21/10/2022 Report (Annual)
28/10/2022 Report (Quarterly)

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
No dividends paid.

See Upcoming Dividends for all ASX companies.

Directors & Management

Directors & Management

Name Title Since Bio
Mr Maxwell (Max) McGarvie Non-Executive Director Jul 2021

Mr Maxwell (Max) McGarvie

Non-Executive Director

Mr McGarvie is a senior mining executive with a portfolio of technical/managerial appointments in a career exceeding 45 years in mine development, mineral processing, operational and management roles across Australia, Africa and the Middle East. Mr McGarvie has a career in the mining industry, a portion of this with Iluka Resources Limited and prior entities, including development roles within its mineral sands operation at Eneabba, Western Australia. He served a role in returning the Sierra Rutile mineral sands operation in Sierra Leone (operated by Iluka) following the civil war in that country. Mr McGarvie's career has covered a range of senior roles in the mining sector including Production Manager, from Registered Mine Manager to CEO, and he has a knowledge and understanding of the African environment and project development in this theatre. His most recent role was Executive General Manager for Global Advanced Metals Pty Ltd, an international business with operations in Australia, the United States and Japan with customers based primarily in Asia, North America and Europe, where he managed the Australian division of the group, focused on tantalum mining and processing in their Australian operations (including the restart of Wodgina and Greenbushes), and sourcing of tantalum concentrates from the DRC and Rwanda. Prior to this, Mr McGarvie was Managing Director of Bemax Resources and oversaw the integration of WA and NSW assets into the Cristal Global business unit. Mr McGarvie has experience in large-scale, low-cost mining and processing operations developed from greenfield sites, and the training and development of national workforces and implementation of quality management programs.

Ms Jill Kelley Executive Director Jul 2021

Ms Jill Kelley

Executive Director

Ms Kelley has previously held roles at the various levels of international leadership and has involved in supporting U.S. military operations spanning over 60 countries, collectively known as the U.S. Coalition Allies. Ms Kelley's networks in, and knowledge of, Europe, the Middle East, Asia, and South and Central America have helped advance American interests during the most critical points in current history. As former honorary ambassador to U.S. Central Command General Mattis and CIA Director David Petraeus, Ms Kelley met regularly with Royals, Presidents, Prime Ministers, and Parliamentarians to foster military, security, and economic relationships. Ms Kelley received the Pentagon's esteemed Joint Chiefs of Staff Award for her leadership, along with the Multi-National Military Forces Award, an honour only bestowed upon a few individuals. As a former diplomat, Ms Kelley was the youngest appointed Honorary Consul General to South Korea. Ms Kelley's title was bestowed by the President of the Republic of South Korea for her ability and expertise to influence and advance international security, trade and economic opportunities including her help in passing the ROK Free Trade Agreement. In 2017, Ms Kelley became President of Military Diplomacy Strategies, an international advisory firm that counsels embassies and advises multi-national companies with an analysis of geopolitical challenges with security, trade and economic opportunities across the global community.

Mr Trevor Bruce Benson Non-Executive Director,Non-Executive Chairman Aug 2020

Mr Trevor Bruce Benson

Non-Executive Director,Non-Executive Chairman

Mr Benson has experience as an investment banker and has served on a number of ASX listed company boards as both Chairman and Director. He has experience in cross border transactions within the natural resources sector across China, Africa and SE Asia, and has been an adviser to Chinese State-Owned Enterprises (SOE's). His activities include corporate funding solutions within the natural resources domain.

Mr Timothy (Tim) Joseph Harrison Chief Executive Officer,Managing Director Jun 2020

Mr Timothy (Tim) Joseph Harrison

Chief Executive Officer,Managing Director

Mr Harrison has over 20 years of experience and a record in the fields of both mineral processing and hydrometallurgy across multiple commodities, including battery and technology metals experience. He was previously appointed Chief Executive Officer after initially joining the Company as the Project Manager of IonicRE's Makuutu Rare Earths Project at the start of 2020.

Mr Brett D Dickson Chief Financial Officer,Company Secretary Nov 2014

Mr Brett D Dickson

Chief Financial Officer,Company Secretary

Mr Dickson has over 20 years experience in the financial management of companies, principally companies in early stage development of its resource or production and offers broad financial management skills. He has been Company Secretary and Chief Financial Officer (CFO) for a number of successful resource companies listed on the ASX. He is also director of Rox Resources Limited.

Director Transactions

IXR directors must report any change in shareholding to the ASX within 5 business days.

See Director Transactions for all ASX companies.

Date Director Type Amount Price Value Notes
09/05/22 Timothy (Tim) Harrison Issued 3,300,000 $0.059 $194,700 Conversion of securities
09/05/22 Timothy (Tim) Harrison Exercise 3,300,000 $0.059 $194,700 Conversion of securities
09/12/21 Jill Kelley Issued 3,500,000 $0.046 $161,000 Issue of securities
09/12/21 Jill Kelley Issued 3,500,000 $0.046 $161,000 Issue of securities
09/12/21 Timothy (Tim) Harrison Issued 10,000,000 $0.046 $460,000 Issue of securities
09/12/21 Timothy (Tim) Harrison Issued 10,000,000 $0.046 $460,000 Issue of options
07/12/21 Trevor Benson Issued 5,000,000 $0.041 $205,000 Issue of options
07/12/21 Maxwell (Max) McGarvie Issued 3,000,000 $0.041 $123,000 Issue of options
07/05/21 Timothy (Tim) Harrison Buy +1,178,572 $0.026 $30,683 On-market trade
07/12/20 Brett Dickson Sell +3,000,000 $0.018 ($54,000) As advised by the company
07/12/20 Brett Dickson Issued 10,000,000 $0.018 $180,000 Issue of options
07/12/20 Brett Dickson Buy +4,000,000 $0.008 $30,000 Exercise of options
07/12/20 Brett Dickson Exercise 4,000,000 $0.008 $30,000 Exercise of options
07/12/20 Brett Dickson Expiry 10,000,000 $0.018 $180,000 Options expired
04/12/20 Anthony (Tony) Rovira Issued 10,000,000 $0.019 $190,000 Issue of options
04/12/20 Anthony (Tony) Rovira Expiry 10,000,000 $0.019 $190,000 Options expired
04/12/20 Trevor Benson Issued 20,000,000 $0.019 $380,000 Issue of options
31/07/20 Brett Dickson Buy +1,283,034 $0.008 $10,264 Participation in share purchase plan
31/07/20 Anthony (Tony) Rovira Buy +1,973,899 $0.008 $15,791 Participation in share purchase plan
23/12/19 Marc Steffens Issued 20,000,000 $0.008 $160,000 Issue of options
23/12/19 Brett Dickson Issued 10,000,000 $0.008 $80,000 Issue of options
23/12/19 Anthony (Tony) Rovira Issued 10,000,000 $0.008 $80,000 Issue of options
30/09/19 Anthony (Tony) Rovira Expiry 22,000,000 $0.006 $132,000 Options expired
30/09/19 Brett Dickson Expiry 22,000,000 $0.006 $132,000 Options expired

Director Interests

The current holdings of IXR directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Timothy (Tim) Harrison 09/05/2022 3,571,428 8,050,000 50,000,000 N/A
Jill Kelley 09/12/2021 3,500,000 N/A N/A N/A
Maxwell (Max) McGarvie 07/12/2021 0 N/A 3,000,000 N/A
Trevor Benson 07/12/2021 0 4,750,000 25,000,000 N/A
Brett Dickson 21/12/2020 1,045,330 24,658,034 20,000,000 N/A

Shareholder Info

Top 20 Shareholders

Data supplied by Morningstar and accurate on Sep 21, 2021.

It's not possible to publish a real-time Top 20 Shareholder list. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). If a company chooses to publish the data, it's usually once a year in their Annual Report.

All data is manually compiled so there might be a delay between the Annual Report being published and the data appearing on Market Index (<7 days for ASX 300 and up to 30 days for micro-caps).

Name Shares Capital
Mr Bilal Ahmad 157,450,000 4.64%
Mr Sufian Ahmad 156,833,320 4.62%
Ms Chunyan Niu 106,740,626 3.15%
JGM Property Investments Pty Ltd 104,650,000 3.08%
BNP Paribas Noms Pty Ltd <DRP> 82,879,521 2.44%
Markovic Family No 2 Pty Ltd 74,116,193 2.18%
Reco Holdings Pty Ltd 52,350,000 1.54%
Citicorp Nominees Pty Limied 40,196,673 1.18%
DDPEVCIC (WA) Pty Ltd 36,123,088 1.06%
Upsky Equity Pty Ltd 34,706,364 1.02%
Martinick Investments Pty Ltd 34,500,000 1.02%
MGL Corp Pty Ltd 30,000,000 0.88%
Mr Bongani Raziya 30,000,000 0.88%
Mr Bin Liu 29,179,517 0.86%
Compusure Superannuation Pty Ltd <staff> 28,000,000 0.83%
BNP Paribas Nominees Pty Ltd <Agency 25,000,000 0.74%
Lending DRP A/C> 22,243,632 0.66%
Bnp Paribas Nominees Pty Ltd Six Sis Ltd 22,034,710 0.65%
Rainmaker Holdings (WA) Pty Ltd 21,000,000 0.62%
Davy Corp Pty Ltd <Davy Investment A/C> 19,500,000 0.57%

Shareholder Distribution

As reported in the most recent Annual Report.

Holding Size 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001+ Total
No. of Shareholders 289 216 330 4,008 2,919 7,762

Substantial Shareholders

No Substantial Shareholders for IXR in our database.

Shareholders Buying

12 month transaction history compiled from ASX announcements.

No buy transactions reported by Substantial Shareholders in the past 12 months.

Shareholders Selling

12 month transaction history compiled from ASX announcements.

No sell transactions reported by Substantial Shareholders in the past 12 months.

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
2021 $0.022 30 June
2020 $0.009 30 June
2015 $0.012 30 June
2014 $0.022 30 June
IXR Historical Price Data (CSV)
Up to 20 years of EOD share price history
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