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2026-11-06
◂ Monitor ZIM ASX

Zimplats Holdings Limited

Producer · Platinum Group Metals · Gold · Nickel · Copper · Zimbabwe Rating locked: sign in to view v8 · zim-20261024t213315-full
Last 2026-11-06
A$14.19
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$1.5B
EV
A$1.5B
Cash
US$58.3M
Debt
US$30M
2 newer ASX announcements not yet reflected in this valuation

Narrative and provenance

Research & Sources

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Chronological evidenceSource-document inventory17 documents
ZIM ordinary-share close13October2026Market Data · HighExtracted

Latest eligible local close A$14.00 on13October2026, volume5,415; no live24October quote is implied.

Document ID
doc-zim-20261013-price
Published UTC
2026-10-13T06:00:00Z
Projects
—
Commodities
—
Open original source ↗
RBA F11.1 daily exchange rates to13October2026Market Data · HighExtracted

RBA primary daily CSV re-retrieved24October2026; eligible13October observation USD0.6961 per AUD and30June0.6869. Post-cutoff rows excluded.

Document ID
doc-zim-20261013-rba
Published UTC
2026-10-13T00:00:00Z
Projects
—
Commodities
—
Open original source ↗
Annual Report to shareholdersResults · HighPartial

Audited group operations, JORC resources/reserves, legal interests, balance sheet, capital and employee trust terms; consolidated quantities are gross.

Document ID
doc-zim-20260928-annual
Published UTC
2026-09-28T05:31:21Z
Projects
ngezismc · hartley · oxides
Commodities
platinum_group_metals · gold · nickel · copper
Open original source ↗
WPIC-Platinum-Quarterly-Q2Commodity Data · HighPartial

WPIC/Metals Focus September9 update forecasts265koz platinum surplus in2026, with recycling growth8% and demand decline18%; not a six-metal revenue-price forecast.

Document ID
doc-zim-20260909-wpic
Published UTC
2026-09-09T00:00:00Z
Projects
ngezismc · hartley · oxides
Commodities
platinum_group_metals · gold · nickel · copper
Open original source ↗
Impala-parent-Zimplats-guidanceResults · HighPartial

Primary parent results dated3September2026; Zimplats-specific FY2027 in-matte6E guidance630-660koz, capitalR2.4-3.0bn and furnace rebuild timing. Parent aggregate production/costs are not ZIM quantities. Publication clock unknown and midnight is a date placeholder.

Document ID
doc-zim-20260903-impala
Published UTC
2026-09-03T00:00:00Z
Projects
ngezismc · hartley · oxides
Commodities
platinum_group_metals · gold · nickel · copper
Open original source ↗
Preliminary Final ReportResults · HighMetadata Only

Preliminary result superseded by audited September annual report.

Document ID
doc-zim-20260828-prelim
Published UTC
2026-08-27T21:48:39Z
Projects
ngezismc · hartley · oxides
Commodities
platinum_group_metals · gold · nickel · copper
Open original source ↗
Quarterly Activities ReportOperations · HighPartial

Operating production, concentrate versus final-product inventory, cash operating costs and project expenditures; no Appendix 5B cash statement.

Document ID
doc-zim-20260730-quarter
Published UTC
2026-07-29T22:36:09Z
Projects
ngezismc · hartley · oxides
Commodities
platinum_group_metals · gold · nickel · copper
Open original source ↗
Critical-minerals-policyPermitting · HighMetadata Only

Statement dated25May2026, first issuer website post26May2026; publication clock unknown and midnight is a date placeholder. Critical minerals policy details awaited; no enacted incremental state interest quantified.

Document ID
doc-zim-20260525-policy
Published UTC
2026-05-26T00:00:00Z
Projects
ngezismc · hartley · oxides
Commodities
platinum_group_metals · gold · nickel · copper
Open original source ↗
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · HighPartial

Operating production, concentrate versus final-product inventory, cash operating costs and project expenditures; no Appendix 5B cash statement.

Document ID
doc-zim-20260429-quarter
Published UTC
2026-04-28T22:18:16Z
Projects
ngezismc · hartley · oxides
Commodities
platinum_group_metals · gold · nickel · copper
Open original source ↗
Half Year AccountsResults · HighPartial

Reviewed half-year accounts and metal-price, expansion and deferred refinery disclosures.

Document ID
doc-zim-20260226-half
Published UTC
2026-02-26T05:32:26Z
Projects
ngezismc · hartley · oxides
Commodities
platinum_group_metals · gold · nickel · copper
Open original source ↗
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · HighPartial

Operating production, concentrate versus final-product inventory, cash operating costs and project expenditures; no Appendix 5B cash statement.

Document ID
doc-zim-20260130-quarter
Published UTC
2026-01-30T07:05:02Z
Projects
ngezismc · hartley · oxides
Commodities
platinum_group_metals · gold · nickel · copper
Open original source ↗
Quarterly Activities ReportOperations · HighPartial

Operating production, concentrate versus final-product inventory, cash operating costs and project expenditures; no Appendix 5B cash statement.

Document ID
doc-zim-20251030-quarter
Published UTC
2025-10-29T21:17:58Z
Projects
ngezismc · hartley · oxides
Commodities
platinum_group_metals · gold · nickel · copper
Open original source ↗
Annual Report to shareholdersResults · HighPartial

Audited group operations, JORC resources/reserves, legal interests, balance sheet, capital and employee trust terms; consolidated quantities are gross.

Document ID
doc-zim-20250924-annual
Published UTC
2025-09-24T08:54:46Z
Projects
ngezismc · hartley · oxides
Commodities
platinum_group_metals · gold · nickel · copper
Open original source ↗
Preliminary Final ReportResults · HighMetadata Only

Preliminary result superseded by audited September annual report.

Document ID
doc-zim-20250827-prelim
Published UTC
2025-08-27T05:08:36Z
Projects
ngezismc · hartley · oxides
Commodities
platinum_group_metals · gold · nickel · copper
Open original source ↗
Quarterly Activities ReportOperations · HighPartial

Operating production, concentrate versus final-product inventory, cash operating costs and project expenditures; no Appendix 5B cash statement.

Document ID
doc-zim-20250730-quarter
Published UTC
2025-07-30T06:53:49Z
Projects
ngezismc · hartley · oxides
Commodities
platinum_group_metals · gold · nickel · copper
Open original source ↗
Quarterly Activities ReportOperations · HighPartial

Operating production, concentrate versus final-product inventory, cash operating costs and project expenditures; no Appendix 5B cash statement.

Document ID
doc-zim-20250429-quarter
Published UTC
2025-04-29T06:34:48Z
Projects
ngezismc · hartley · oxides
Commodities
platinum_group_metals · gold · nickel · copper
Open original source ↗
Half Year AccountsResults · HighPartial

Reviewed half-year accounts and metal-price, expansion and deferred refinery disclosures.

Document ID
doc-zim-20250226-half
Published UTC
2025-02-26T06:32:11Z
Projects
ngezismc · hartley · oxides
Commodities
platinum_group_metals · gold · nickel · copper
Open original source ↗
Evidence facts31
f-zim-cashGroup cash

58337000 USD

2026-06-30
f-zim-debtBank debt excluding leases

30000000 USD

2026-06-30
f-zim-leasesLease carrying liabilities

5387000 USD

2026-06-30
f-zim-sharesGlobal ordinary shares

107637649 shares

2026-06-30
f-zim-oreOre milled

8046401 t

2026-06-30
f-zim-6eFinal-product6E production

606294 6Eoz

2026-06-30
f-zim-salesFinal-product6E sales

598369 6Eoz

2026-06-30
f-zim-basketGross realised revenue per6Eoz

2171 USD/6Eoz

2026-06-30
f-zim-costCash operating cost per6Eoz

1102 USD/6Eoz

2026-06-30
f-zim-resourcesNgezi inclusive mineral resource

75400000 6Eoz

2026-06-30
f-zim-reservesNgezi ore reserve

25800000 6Eoz

2026-06-30
f-zim-capexCash capital expenditure net prepayments

150722000 USD

2026-06-30
f-zim-commitPPE capital commitments

372695000 USD

2026-06-30
f-zim-receivablesRelated party trade receivables

409820000 USD

2026-06-30
f-zim-surrenderStatutory surrender receivable

87097000 USD

2026-06-30
f-zim-closureUndiscounted rehabilitation estimate

91000000 USD

2026-06-30
f-zim-subinterestDirect Zimbabwe Platinum Mines interest

90 %

2026-06-30
f-zim-parentstakeImpala shareholding in ZIM

87 %

2026-06-30
f-zim-impairbasketLong-term impairment basket

2297 USD/6Eoz

2026-06-30
f-zim-wpicsurplus2026 platinum market balance

265000 Pt oz

None
f-zim-fy27-lowFY2027 Zimplats in-matte6E lower guidance

630000 6Eoz

None
f-zim-fy27-highFY2027 Zimplats in-matte6E upper guidance

660000 6Eoz

None
f-zim-fy27-capex-lowFY2027 Zimplats capital lower guidance

2400000000 ZAR

None
f-zim-fy27-capex-highFY2027 Zimplats capital upper guidance

3000000000 ZAR

None
f-zim-guide-fxParent FY2027 guidance exchange assumption

16.5 ZAR/USD

None
f-zim-qinventoryConcentrate inventories released

63000 6Eoz

None
f-zim-qfinalFinal-product production

213190 6Eoz

None
f-zim-bmrdeferRefinery expenditure deferred outside5year plan

deferred text

None
f-zim-rbaBalance-dateUSDperAUD

0.6869 USD/AUD

2026-06-30
f-zim-rba-cutoffCutoff-date USD per AUD

0.6961 USD/AUD

2026-10-13
f-zim-closeReference close

14.0 AUD/share

2026-10-13
Conflicts requiring judgment2
  • Mupani upgraded capacity date

    The quarter and annual CEO text indicateFY2029, while annual objectivesp18 and resource mining statementp47 specifyH1FY2030/FY2030. Model usesFY2030 conservatively; milestoneprecision remains company-guided.

  • Lease carrying value versus narrative presentvalue

    Audited carrying-value tablep120 and borrowingsp114 sumUS$5.387mleases. Thep115US$6.1mnarrative matches contractual undiscountedcashflows6.114m, not the carryingvalue. Use5.387m.