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2026-11-06
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Zeotech Limited

PFS Developer · Others · Australia Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.066
1D
—
1M
—
YTD
—
1Y
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Upside
Locked: sign in to view
Mkt cap
A$135.8M
EV
A$127.5M
Cash
A$8.5M
Debt
A$0
1 newer ASX announcement not yet reflected in this valuation

Funding, performance and ownership

Financials & Capital

As of 2026-06-30
Cash A$8.5M Finite
Debt A$0 Net cash A$8.5M
Basic shares 2.1B 2026-06-30
Runway 3.93 quarters A$8.498 million cash divided by A$2.161 million of relevant June-quarter outgoings, exactly as reported in Appendix 5B item 8.7.

Liquidity

Financial position

A$8.498 million cash at 30 June 2026, no unused June-quarter facility and FY2026 operating cash outflow of A$5.446 million. Exploration and Griffith research commitments total A$1.367 million, while the PFS indicates approximately A$95 million integrated-project funding need.

Inventory composition1

Issuer reporting identifies physical test-pit material used for customer qualification and AusPozz trials but provides no carrying value or realizable-value disclosure; it is not treated as saleable operating inventory in the valuation bridge.

Toondoon kaolin trial feedstock dispatched for commercial-scale AusPozz processing, not finished saleable inventory
— carrying · 800 tonnes approximately

Capital structure

Ownership and dilution

Ordinary shares
2.1B
Fully diluted
2.2B

FY2026 annual report confirms 2,057,320,690 ordinary shares, 92,500,000 performance rights and 20,000,000 options at 30 June 2026. All rights and options are included conservatively; no post-year-end conversion has been evidenced.

Security classes3
ClassTypeQuantityStrikeExpiry
Ordinary fully paid sharesOrdinary Share2.1B——
Performance rights outstanding at 31 December 2025Performance Right92.5M——
Unquoted options exercisable at A$0.10Option20MA$0.12028-04-07

KPI history

Operating metrics

Source values by period
Operating metric source table3
MetricProjectPeriodPeriod typeValueStatus
ProductionToondoon AuspozzDecember 2025 test-pit campaignPoint In Time2,300 tonnes kaolin produced, greater thanReported
OtherToondoon AuspozzJune 2026 quarterQuarter800 tonnes trial feedstock dispatched approximatelyReported
Free Cash FlowCompanyJune 2026 quarterQuarter-2,236,000 AUD net operating plus investing cash flowSource Derived
Company guidance2
MetricProjectPeriodLowHighStatus
Initial Dso Trial Shipmenttoondoon_auspozzInitial shipment; timing not committed at cutoff10,00010,000 tonnes minimumCurrent
Auspozz Nameplate Capacitytoondoon_auspozzPFS steady state300,000300,000 dry tonnes per annumCurrent

Capital history

Capital events

2 events · newest first
DateEventAmountSharesPriceStatusTerms
2025-10-31Ann. 2026-01-29DebtA$1M——Completed—
2025-10-02Ann. 2025-09-29RaisingA$13M162.5M—Completed—

Contracts and ownership

Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.

Complete As Disclosed · as of 2026-09-26

FY2026 annual report and local quarterly releases reconciled with the original MSI agreement; no live commodity or FX hedge was disclosed.

A$2 per tonne private royalty on minerals produced and sold from the Toondoon freehold, already included in the PFS project economics.

Royalty · Active
Counterparties
Toondoon freehold vendors
Applies to
Toondoon Kaolin / AusPozz Project · Others
Economic direction
Burden
Period
From 2022-12-20; no end date stated
Key terms
Private royalty: 2 AUD per dry tonne of minerals produced and sold
How it affects our valuation

No valuation treatment is available for this arrangement.

Binding DSO volume and geographic exclusivity, but physical delivery depends on financial close and mining approvals; later-year prices are renegotiated.

Offtake · Conditional
Counterparties
Jiangsu Mineral Sources International Trading Co., Limited
Applies to
Toondoon Kaolin / AusPozz Project · Others
Economic direction
Mixed
Period
From 2025-09-15; no end date stated
Key terms
Committed initial term volume: 950,000 tonnes over five years
Indicative value at Year 1 prices: 204,000,000 AUD
Delivery basis: FOB Port of Bundaberg
Amended agreement date: 2027-04-30
How it affects our valuation

No valuation treatment is available for this arrangement.

Nonbinding AusPozz technical and commercial evaluation; no take-or-pay volume or price is disclosed.

Strategic Partnership · Active
Counterparties
Holcim Australia
Applies to
Toondoon Kaolin / AusPozz Project · Others
Economic direction
Benefit
Period
Through 2027-03-01; start date not stated
Key terms
MOU extended to: 2027-03-01
How it affects our valuation

No valuation treatment is available for this arrangement.

Nonbinding technical and value assessment of AusPozz plus potential production supply-chain evaluation; no committed purchase.

Strategic Partnership · Active
Counterparties
Cement Australia
Applies to
Toondoon Kaolin / AusPozz Project · Others
Economic direction
Benefit
Period
From 2025-10-14; no end date stated
How it affects our valuation

No valuation treatment is available for this arrangement.

Nonbinding marketing and distribution letter of intent; Bisley contributes market and logistics expertise without committed sales.

Strategic Partnership · Active
Counterparties
Bisley & Company Pty Limited
Applies to
Toondoon Kaolin / AusPozz Project · Others
Economic direction
Benefit
Period
From 2025-11-18; no end date stated
How it affects our valuation

No valuation treatment is available for this arrangement.

Nonbinding framework for AusPozz field trials in projects and tenders; no contracted purchase volume.

Strategic Partnership · Active
Counterparties
Laing O'Rourke Australia Construction Pty Limited
Applies to
Toondoon Kaolin / AusPozz Project · Others
Economic direction
Benefit
Period
From 2025-09-24; no end date stated
How it affects our valuation

No valuation treatment is available for this arrangement.

Nonbinding project identification and trial pathway for AusPozz in infrastructure and other field applications.

Strategic Partnership · Active
Counterparties
icubed Consulting
Applies to
Toondoon Kaolin / AusPozz Project · Others
Economic direction
Benefit
Period
From 2026-01-14; no end date stated
How it affects our valuation

No valuation treatment is available for this arrangement.

Nonbinding AusPozz concrete trials, technical exchange and potential future commercial opportunities, with no contracted revenue.

Strategic Partnership · Active
Counterparties
VINCI Construction Service Partagé
Applies to
Toondoon Kaolin / AusPozz Project · Others
Economic direction
Benefit
Period
From 2026-08-13; no end date stated
How it affects our valuation

No valuation treatment is available for this arrangement.

Nonbinding port land lease term sheet for future DSO storage, receival and loading; lease economics and final obligations are undisclosed.

Strategic Partnership · Conditional
Counterparties
Gladstone Ports Corporation
Applies to
Toondoon Kaolin / AusPozz Project · Others
Economic direction
Mixed
Period
From 2026-04-28; no end date stated
How it affects our valuation

No valuation treatment is available for this arrangement.

Research payment commitment supports methane trials; no commercial revenue or separately modeled technology value.

Other · Active
Counterparties
Griffith University
Applies to
Company-wide
Economic direction
Burden
Period
Dates not stated
Key terms
Research commitments within one year: 139,796 AUD
How it affects our valuation

No valuation treatment is available for this arrangement.