Province Resources Ltd


πŸ“‹ About: Province Resources (ASX:PRL) is aiming to be Australia's first truly Zero Carbon, Green Hydrogen producer.

🌏 Macro Theme: Green Hydrogen is arguably the fastest growing and most talked about emerging area of the global economy as the world turns to green, carbon free energy and transportation.

Province Resources Company Milestones

βœ… Portfolio Initiation
πŸŸ₯ HEM Data Shows Negative Results
βœ… Name Change to Province Resources
HyEnergy Acquisition - Zero Carbon Hydrogen
βœ… $1.5M Capital Raise @1.5c
SODAR Machine Mobilised
Major Board Appointments
🌎 FMG Subsidiary Pegs Land next to PRL
Increase Land Holdings
Total Eren Partnership MOU
Next Investors Small Cap Pick of the Year 2021
βœ… Completion of Acquisition
βœ… Capital Raise: $18M @15c
βœ… Key Board Appointment (G. Walker, B. Maslen)
Positive Stakeholder Outcome - Carnarvon Shire and Community
βœ… Key Board Appointment (Roger Martin)
[NEW] Permitting (Licence: section 91)
πŸ”„ Execute Heritage Agreement
πŸ”„ Positive Stakeholder Outcome - WA Government
πŸ”„ Positive SODAR Results
πŸ”² Positive Stakeholder Outcome - Federal Government
πŸ”² Unexpected Positive Announcement 1
πŸ”² Unexpected Positive Announcement 2
πŸ”„ Scoping Study Results
πŸ”² Total Eren Deal Finalised
πŸ”² Unexpected Positive Announcement 3
πŸ”„ Initial Offtake Agreement Discussions
πŸ”² Offtake Agreement Signed
πŸ”² Review and determine further milestones for 2022

PRL Investment Milestones

βœ… Initial Investment: @2.5c
βœ… Increase Investment: @1.5c
βœ… Increase Investment: @13.9c
βœ… Price increases 500% from initial entry
πŸ”² Price increases 1000% from initial entry
πŸ”² Price increases 2000% from initial entry
βœ… 12 Month Capital Gain Discount
πŸ”² Free Carry
πŸ”² Take Profit
πŸ”² Hold remaining Position for next 2+ years

”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. β€œOur 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.


πŸ”² Expected Milestone
βœ… Achieved Milestone
🟩 Above Average Result
🟨 Average (Expected) Result
🟧 Below Average Result
πŸŸ₯ Negative Result
🌎 Macro Event
βš”οΈ Results from Other Company / Project
πŸ”„ In Progress
[UPA] Unexpected Positive Announcement
[NEW] New Milestone Added