Zeotech (ZEO) H2 2024 earnings summary

Executive summary

• Advanced key projects in high-reactivity metakaolin for low-carbon cement and manufactured zeolites for methane emissions control and soil carbon sequestration.

• Completed test pit at Toondoon project, enabling larger HRM samples for pilot trials and feasibility studies.

• Positive progress in methane emission control program, with infield validation trials showing >70% oxidation rates.

• Patent applications lodged for novel mineral processing and carbon sequestration technologies.

• Restructured executive team, appointing a new CEO and principal process engineer.

Financial highlights

• Revenue for FY2024 was $775,121, down from $1,073,091 in FY2023.

• Operating loss after tax increased to $5,528,679 from $2,468,947 year-over-year.

• Cash assets at 30 June 2024 were $2,267,531, down from $4,212,481 at prior year-end.

• Share-based payments expense rose to $2,567,600 (2023: $360,000); legal settlement share-based payments were $1,783,350.

• Basic loss per share was (0.323) cents, compared to (0.153) cents in the previous year.

Outlook and guidance

• Focus on commercialising high-grade kaolin projects and proprietary mineral processing technologies.

• Advancing feasibility and front-end engineering design for Toondoon HRM production.

• Ongoing research in methane emissions control, soil carbon sequestration, and greenhouse gas capture.

• Targeting industry partnerships for agri-soil products and expanding commercial opportunities.