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RESOURCE GENERATION LIMITED - Reviewed Interim Financial Report 31 December 2019

Release Date: 13/03/2020 14:57
Code(s): RSG     PDF:  
Wrap Text
Reviewed Interim Financial Report – 31 December 2019

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

13 March 2020

ASX Release
Reviewed Interim Financial Report – 31 December 2019

Shareholders are advised that Resgen submitted to the Companies Announcements Office of the
Australian Securities Exchange, its Reviewed Interim Financial Report for the six months ended 31
December 2019.

Highlights:
– Income increased by 75% to A$180 000 (2018: A$103 000).
– Loss per share for the period decreased by 51% to 0.57 cents (2018:1.16 cents).
– Headline loss per share decreased by 51% to 0.57 (2018: 1.16 cents).
– Net asset reduced by 5% to A$110 712 000 (31 December 2018: A$116 765 000).

The auditors, BDO’s review for the half-year financial report has been included in the online version
mentioned below and the emphasis of matter reads as follows:

“We draw attention to Note 1 in the financial report which describes the events and/or conditions
which give rise to the existence of a material uncertainty that may cast significant doubt about the
Group’s ability to continue as a going concern and therefore the Group may be unable to realise its
assets and discharge its liabilities in the normal course of business. Our conclusion is not modified
in respect of this matter.”

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/2020/jse/isse/rsg/Int2020.pdf




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
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.
The information in this announcement has been extracted from the reviewed condensed
consolidated interim financial statements for the six months ended 31 December 2019 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: 13-03-2020 02:57:00
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