CAPITAL MARKETS

Funding underway for Beyondie feasibility

Kalium to assess potential sulphate of potash play

Michael Quinn

This article is 7 years old. Images might not display.

The company aims to place $14 million with institutions at a price of 42c each – a 13.4% discount to the last trading price of Kalium shares – and is to undertake a $2 million share purchase plan.

Brent Smoothy, the company’s biggest shareholder, “has committed to bid into the bookbuild for $2 million of the placement”.

Smoothy holds 39% of the company, with the $2 million being bid representing about 14% of the $14 million sought.

Previous assessments have Beyondie initially being a 75,000 tonne per annum operation costing $124 million to develop.

Payback is put at about five years based on a sales price of US$500 per tonne and an operating cost of about A$250 per tonne.

Prior to the fund raising being announced, Kalium had an enterprise value of about $62 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

MiningNews.net Research Report 2025

The MNN Research Report 2025 provides insights into critical mining themes in Australia/Oceania, including top projects, C-suite priorities, risk, ESG performance and investor sentiment.

editions

Mining Journal Intelligence: Investor Sentiment Report 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.