Peak Rare Earths Limited

Equities

PEK

AU000000PEK2

Non-Gold Precious Metals & Minerals

Delayed Australian S.E. Other stock markets 06:34:08 30/04/2024 BST			5-day change	1st Jan Change
0.24 ^AUD	-5.88%		0.00%	-31.43%

04-29	Peak Rare Earths Receives Ngulla Rare Earth Project Financing Interest; Searches for Strategic Partner	MT
04-26	Peak Rare Earths Secures Special Mining License Expansion at Ngualla Project	MT

Peak Resources : Vesting and Lapse of Unlisted Performance Rights and Options

March 06, 2020 at 07:38 am

ASX Announcement: 6 March 2020

Vesting and Lapse of Unlisted Performance Rights and Options

Peak Resources Limited (Peak or the Company; ASX Code: PEK) advises of the following changes to its unlisted Performance Rights and Options on issue:

Vesting of 2,000,000 Performance Rights
Vesting of 41,300,000 unlisted options with an exercise price of $0.03
Lapse of 8,000,000 Performance Rights
Lapse of 3,000,000 unlisted options with an exercise price of $0.10
Lapse of 5,000,000 unlisted options with an exercise price of $0.15

Following the above changes the Company's capital structure is as follows:

Securities	Number

Quoted Securities
PEK: Ordinary Fully Paid Shares	1,305,305,618

PEKOC: Options exercisable at $0.06 expiring 14 June 2020	61,088,247

Unquoted Securities
PEKAI: Vested Options, exercisable at $0.065 expiring 16
January 2021	11,750,000
PEKAI: Vested Options, exercisable at $0.06 expiring 27
February 2021	4,000,000
PEKAI: Vested Options exercisable at $0.065 expiring 14 June
2021	9,000,000
PEKAI: Vested Options exercisable at $0.05 expiring 21 June
2021	16,000,000
PEKAI: Options, vesting subject to continuous service on 11
May 2020 exercisable at $0.05 expiring 21 June 2021	2,000,000
PEKAI: Options vesting subject to continuous service and the
Company either (a) entering into an agreement with a strategic
partner for the development of its Ngualla Project; or (b)
attracting $20 million worth of funding for FEED (Front End	11,000,000
Engineering and Design) for the development of the Ngualla
Project, exercisable at $0.10 expiring 21 June 2022

PEKAI: Options vesting subject to continuous service and the
Company settling a funding package for the development and
construction of the Ngualla Project, exercisable at $0.15	25,000,000
expiring 21 June 2023

PEKAI: Vested Options, exercisable at $0.035 expiring 17
January 2022	5,750,000
PEKAI: Vested Options, exercisable at $0.03 expiring 5 March
2023	41,300,000
PEKAI: Vested Options, exercisable at $0.06 expiring 11 May
2021	21,000,000
PEKAI: Vested Options, exercisable at $0.06 expiring 11
November 2020	5,994,419
PEKAJ:Vested Performance Rights expiring 5 March 2021	2,000,000

Authorised for release by the Company Secretary on behalf of Peak Resources Limited.

Graeme Scott

Company Secretary

Peak Resources Limited Ground Floor, 5 Ord Street, West Perth, Western Australia 6005. PO Box 603, West Perth 6872. ASX: PEK ACN: 112 546 700

Telephone: +61 8 9200 5360 info@peakresources.com.au www.peakresources.com.au

Attachments

Original document
Permalink

Disclaimer

Peak Resources Limited published this content on 06 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 March 2020 07:37:03 UTC

Latest news about Peak Rare Earths Limited

Peak Rare Earths Receives Ngulla Rare Earth Project Financing Interest; Searches for Strategic Partner	04-29	MT
Peak Rare Earths Secures Special Mining License Expansion at Ngualla Project	04-26	MT
Peak Rare Earths Signs Memorandum of Understanding with Minjingu Mines	04-22	MT
Australian Shares Inch Down as Metal Prices Retreat Amid Stronger US Dollar	03-20	MT
Peak Rare Earths Jumps 27% After Confirming High-Grade Fluorspar at Tanzanian Project	03-20	MT
Peak Rare Earths Acquires Teesside Site Freehold, Considers Exit, Monetization Options	03-18	MT
Peak Rare Earths Limited Reports Earnings Results for the Half Year Ended December 31, 2023	03-13	CI
Peak Rare Earths Uncovers High-Grade Niobium at Ngualla Project	03-04	MT
Peak Rare Earths Finds High-Grade Mineralization in Ngualla Project	02-07	MT
Peak Rare Earths Appoints Macquarie Capital as Advisor for Ngualla Project Funding	11-09	MT
Peak Rare Earths Limited Reports Earnings Results for the Full Year Ended June 30, 2023	27/09/23	CI
Peak Rare Earths Limited Announces Board Changes	03/07/23	CI
Peak Rare Earths to Begin Exploration Program at Ngualla Project in Tanzania	09/06/23	MT
Peak Rare Earths Limited Announces Directorate Changes	05/06/23	CI
Peak Rare Earths Secures Commitments to Complete AU$27.5 Million Placement	01/05/23	MT
Peak Resources Secures Special Mining License for Tanzanian Rare Earth Project	26/04/23	MT
Peak Resources Signs Framework Deal with Tanzanian Government for Ngualla Project	18/04/23	MT
Tanzania signs $667 million deals for rare earth and graphite projects	17/04/23	RE
Peak Rare Earths Limited Announces the Appointment of Mr. Ian Chambers as Non-Executive Director	19/03/23	CI
Peak Rare Earths Limited Reports Earnings Results for the Half Year Ended December 31, 2022	14/03/23	CI
Peak Rare Earths Limited Reports Earnings Results for the Half Year Ended December 31, 2022	14/03/23	CI
Peak Rare Earths Registers Tanzanian Units; Shares Jump 8%	21/02/23	MT
Peak Rare Earths Limited Announces Registration of Tanzanian Entities	20/02/23	CI
Peak Rare Earths Limited Appoints Shasha Lu as Director	30/11/22	CI
Peak Rare Earths Limited Announces the Resignation of Giselle Collins as Non-Executive Director	09/11/22	CI

Chart Peak Rare Earths Limited

Duration

Period

More charts

Company Profile

Peak Rare Earths Limited is an Australia-based company, which is engaged in the exploration and evaluation of mineral licenses. The Company is focused on delivering its high-grade Ngualla rare earth project to enable low carbon technologies to power green transformation. The Ngualla Project is a rare earth development located near the Ngwala Village and approximately 150 kilometers (km) from the City of Mbeya in the Songwe Region and on the edge of the East African Rift Valley. The Ngualla Project SML has initially been granted over the original SML application area of approximately 18.14 square kilometers (km2). Under the Framework Agreement, the Government of Tanzania has undertaken to expand the SML area to include an existing prospecting license (PL 10897/2016) and a recently expired prospecting license (PL 9157/2013), which would increase the SML area to approximately 54.64 km2.

Sector

Non-Gold Precious Metals & Minerals

Calendar

11/09/2024 - Q4 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.255 AUD

Average target price

1.01 AUD

Spread / Average Target

+296.08%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Rare Earth Minerals

	1st Jan change	Capi.
PEAK RARE EARTHS LIMITED	-31.43%	44.48M
CHINA NORTHERN RARE EARTH (GROUP) HIGH-TECH CO.,LTD	+2.79%	9.93B
LYNAS RARE EARTHS LIMITED	-8.38%	3.94B
CHINA KINGS RESOURCES GROUP CO.,LTD.	+19.37%	2.69B
MP MATERIALS CORP.	-17.28%	2.71B
SHENGHE RESOURCES HOLDING CO., LTD	+2.85%	2.53B
BRAZILIAN RARE EARTHS LIMITED	+54.45%	396M
ARAFURA RARE EARTHS LIMITED	+22.73%	288M
NORDIC MINING ASA	+22.48%	204M
AUSTRALIAN STRATEGIC MATERIALS LTD	-19.29%	120M

Rare Earth Minerals