Interim report January-March 2015
This is a translation of the Swedish version. If any differences, the Swedish is the valid one.)
The period from January to March
- Operating income totalled SEK-1 467 TSEK
- Profit after tax amounted for the period amounted to SEK-674
- Earnings per share amounted to SEK -0.03SEK
- Equity per share amounted to SEK 0.17 SEK
Significant events after year-end
- Delta Minerals signs contract for sand sale to Singapore
- The company has completed the private placement
Delta Minerals AB is a Swedish public limited liability company listed on AktieTorget and have rights to pursue environmental projects in the Philippines with the support of regional/local authorities. The company's goal is to begin operations in estuaries of north-western Philippines for the extraction of minerals and sand.
Events after the reporting period
The company has signed an agreement for the sale of sand to Singapore and the focus is now on to commence those shipments.
The company completed the private placement from December. In total, 10.943.822 new shares of series B and 2.188.764,4 kronor was added to the company.
The company's operations
Delta Minerals has after the Q1 reporting period signed a so-called Memorandum of Understanding (MOU) with CHAHAYA SHIPPING AND TRADING co. PTY LTD for initial sale of 500,000 tonnes of sand per year and with an objective to reach 1.5 million tonnes per year. Deliveries will begin, when the logistical conditions for the deliveries are fulfilled, for example, loading and anchorage.
The successful development of Cagayan and sales agreement with Chahaya will enable the production of magnetite and sand in 2015. The company has now found buyers for magnetite and sand. It remains now to deliver economically sustainable material. We hope to commence shipments of sand in 2015
We are now commencing to work on a financing an expansion of production and working on technical studies for the development of the company.
The company's next step is to build up production, logistics, hiring staff and elaborate on a corporate and financial structure for full-scale production.