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Province Resources  ASX:PRL

Company

Current Price

First Coverage

Date

Price

5 Day VWAP

VWAP Returns

Our Entry Price

Our Returns

$ 0.160

17-Feb-21

$ 0.026

$ 0.114

40%

$ 0.015

967%

Report Date Price Current Return
Province Resources Leads Australia into a Green Hydrogen Era 17-Feb-21 $0.026 515%
Wise-Owl is now Free Forever – Here is Our First Stock Pick 17-Feb-21 $0.026 515%
How Our Investments Performed in Q1 of 2021 21-Apr-21 $0.235 -32%
PRL Signs Binding MoU with Total Eren to Develop Green Hydrogen Project 22-Apr-21 $0.215 -26%
PRL the Early Mover in Green Hydrogen 15-Jun-21 $0.160 0%
A New Market for PRL’s Hydrogen 09-Aug-21 $0.147 9%

ASX:PRL

Our Current Returns

967%

Current Price

$ 0.160

First Coverage

17-Feb-21

$ 0.026

5 Day VWAP

$ 0.114

VWAP Returns

40%

Our Entry Price

$ 0.015

Our Current Returns

967%

Past Coverage
Province Resources Leads Australia into a Green Hydrogen Era
Wise-Owl is now Free Forever – Here is Our First Stock Pick
How Our Investments Performed in Q1 of 2021
PRL Signs Binding MoU with Total Eren to Develop Green Hydrogen Project
PRL the Early Mover in Green Hydrogen
A New Market for PRL’s Hydrogen

Overview

📋  What does Province Resources do?

PRL has acquired a Zero Carbon Hydrogen project located in the north of Western Australia. The company will develop the HyEnergy Carnarvon Basin project in the Gascoyne region in Western Australia and is aiming to be Australia’s first truly Zero Carbon Hydrogen producer.

🌏  Macro Theme

Green hydrogen is indispensable to climate neutrality. It features in all eight of the European Commission’s net zero emissions scenarios for 2050. On the back of climate commitments in Europe and Asia, nearly half of the globe has already embraced net zero policies. Early statements from the new US Administration also appear encouraging.

Province Resources Company Milestones

// Q1 2021 (Jan-Mar)
Portfolio Initiation
✅ $1.5M Capital Raise @1.5c
HyEnergy Acquisition – Zero Carbon Hydrogen

✅ SODAR Machine Mobilised
✅ Major Board Appointments
// Q2 2021 (Apr-Jun)
✅ Increase Land Holdings
✅ Total Eren Partnership M0U
Capital Raise: $18M @15c
✅ Key Board Appointment (G. Walker, B. Maslen)
Positive Stakeholder Outcome – Carnarvon Shire and Community
// Q3 2021 (Jun-Sep)
Key Board Appointment (Roger Martin)
🔲 Execute Heritage Agreement
🔲 Positive Stakeholder Outcome – WA Government
🔲 Positive SODAR Results
[UPA] Feasibility Study with GEV
//
🔲 Positive Stakeholder Outcome – Federal Government
🔲 Unexpected Positive Announcement 1
🔲 Unexpected Positive Announcement 2
🔲 Positive Scoping Study
🔲 Total Eren Deal Finalised
🔲 Unexpected Positive Announcement 3
🔲 Initial Offtake Agreement Discussions
🔲 Offtake Agreement Signed
🔲 Review and determine further milestones for 2022

“Expected Company Milestones” are based on the company’s publicly available execution plan and some assumptions made by our team on potential announcements that should de-risk the investment. “Our investment milestones” show our current long-term investment plan. Early stage investments are risky and there is no guarantee that the expected events will occur. The lists are not in sequential order.

🔲 Expected Milestone
✅ Achieved Milestone
🟩 Above Average Result
🟨 Average (Expected) Result
🟧 Below Average Result
🟥 Negative Result
🌎 Macro Event
⚔️ Results from Other Company / Project
🔄 Progress Ongoing
[UPA] Unexpected Positive Announcement
[NEW] New Milestone Added

Why We Invested

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Zero Carbon Hydrogen
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Same Team as Vulcan
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Acquisition with Huge Solar and Wind potential
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