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RESOURCE GENERATION LIMITED - Unreviewed Interim Financial Report 31 December 2020

Release Date: 16/03/2021 10:16
Code(s): RSG     PDF:  
Wrap Text
Unreviewed Interim Financial Report – 31 December 2020

Resource Generation Limited
Registration number ACN 059 950 337
(Incorporated and registered in Australia)
ISIN: AU000000RES1
Share Code on the ASX: RES
Share Code on the JSE: RSG
(“Resgen” or the “Company”)
ASX: RES

16 March 2021

ASX Release
Unreviewed Interim Financial Report – 31 December 2020

Shareholders are advised that Resgen submitted to the Companies Announcements Office of the
Australian Securities Exchange, its unreviewed Interim Financial Report for the six months ended 31
December 2020.

Highlights:
– Income reduced by 31% to A$124,000 (2019: A$180,000).
– Earnings per share for the period increased to 1.74 cents (2019: (0.57) cents).
– Headline earnings per share increased to 1.74c (2019: (0.57) cents).
– Net assets reduced by 1.6% to A$100,895,000 (31 December 2019: A$110,712,000).


Shareholders can also view the on-line version on the Company’s website at
http://www.resgen.com.au/investors-and-media

The JSE link is:
https://senspdf.jse.co.za/documents/2021/jse/isse/rsg/Int2021.pdf




Short-form announcement
The contents of this short-form announcement are the responsibility of the Board of Directors. The
information in the short-form announcement is a summary of the full announcement and accordingly
does not contain full or complete details. The full announcement is available for inspection at no
charge, Monday to Friday, during office hours at the company’s registered office, and on the
Company’s website.


Resource Generation Limited (ACN 059 950 337)
c/o Level 1, 17 Station Road, Indooroopilly, QLD, 4068
GPO Box 126, Albion QLD 4010. Phone +27 (011) 010 6310


                                                                                      www.resgen.com.au
The information in this announcement has been extracted from the condensed consolidated interim
financial statements for the six months ended 31 December 2020 and the short-form announcement
itself has not been reviewed by the Company’s auditors. Any investment decisions by
shareholders/investors should be based on the full announcement released to the JSE and
published on the Company’s website.


JSE Sponsor: Deloitte & Touche Sponsor Services (Pty) Limited


Resource Generation Limited (the “Company” or “Resgen”) is an emerging ASX and JSE-listed
energy company, currently developing the Boikarabelo Coal Mine (“the mine”) in South Africa’s
Waterberg coalfield. The Waterberg coalfield accounts for around 40% of the country’s currently
known coal resources. The Coal Resources and Coal Reserves for the Boikarabelo Coal Mine, held
through the Company’s operating subsidiary Ledjadja Coal, were updated in 2016 based upon a new
mine plan and execution strategy. The Boikarabelo Coal Resources total 995Mt and the Coal
Reserves total 267Mt applying the JORC Code 2012 (ASX Announcement 23 January 2017 - In
accordance with Listing Rule 5.23.2 the Company confirms that it is not aware of any new information
that would impact on the reported Coal Resources and Coal Reserves). Stage 1 of the mine
development targets saleable coal production of 6 million tonnes per annum. Ledjadja Coal is a Black
Economic Empowerment (BEE) subsidiary operating under South Africa’s Broad-based Black
Economic Empowerment Act, Section 9(5): Codes of Good Practice.
Resgen’s primary shareholders are the Public Investment Corporation of South Africa (PIC), Noble
Group and Altius Investment Holdings.




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Date: 16-03-2021 10:16:00
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