Tharisa Comprehensive Media Coverage Report

Document Date: 2025-03-11T09:59:15.215Z

1. Introduction

This report provides an integrated overview of recent media coverage and research efforts concerning Tharisa. Our objective was to capture and synthesize news articles and insights from multiple sources—including MarketScreener, Financial Times, Investegate, Reuters, and Bloomberg—and to evaluate targeted attempts to access Mining Weekly content. The report highlights key themes such as production guidance, operational challenges, ESG initiatives, regulatory updates, and efforts to improve media engagement.

2. Overview of Research Methodologies

Multiple approaches were applied in the research process:

• Web Scraping & News API Tools: Employed to query sources like MarketScreener, Financial Times, Investegate, and Reuters.

• Targeted Search Techniques: Utilized advanced search queries (e.g., “site:ft.com Tharisa news”) for specific sources, including Bloomberg.

• Direct Contact and Aggregator Methods: Explored direct inquiries with Mining Weekly’s editorial team and alternative scraping via specialized mining news aggregators.

While direct results from Bloomberg, Reuters, and Investegate produced significant Tharisa and industry-related news, attempts to retrieve data directly from Mining Weekly required alternative methods due to technical or access barriers.

3. Key Themes & Findings

A. Production Guidance and Quarterly Performance

• Production Targets and Results:

  • Tharisa’s announcements focus on production guidance for fiscal year 2025, outlining key metrics for platinum group metals and chrome outputs.

  • Several MarketScreener and Investegate articles provide detailed quarterly performance reports that note challenges such as limited equipment availability and suboptimal ore grades.

  • For instance, MarketScreener reported on guidance and detailed production outcomes (MarketScreener Production Guidance, Investegate Q1 Report).

• Quantitative Production Themes: Data Category 2024 2025 Chrome Production Recorded highest ever full-year chrome production at 1.7Mt (Mining Weekly) Production guidance provided with targets for improved outputs Platinum Group Metals (PGMs) Decline in outputs noted in quarterly reports Emphasis on feed grade optimization and recovery level enhancements

B. Operational Challenges and Market Performance

• Challenges Identified:

  • Suboptimal drilling equipment availability and cybersecurity disruptions impacted administrative functions in early quarters.

  • The company is accelerating improvements to overcome these hurdles and maintain production efficiency (MarketScreener).

• Operational Highlights:

  • Strategic steps to optimize feed grade and recovery levels are in place.

  • The operational focus remains on mitigating production delays and ensuring robust performance in upcoming quarters.

C. ESG Commitments and Renewable Energy Initiatives

• Initiatives in Focus:

  • Tharisa is advancing renewable energy projects including a 40 MW solar program and the development of a proprietary redox flow battery powered by mined commodities.

  • This positions the company toward its commitment to reduce carbon emissions and achieve net carbon neutrality by 2050 (Financial Times).

D. Regulatory Updates and Geopolitical Considerations

• Regulatory and Policy Insights:

  • Reuters articles provide context on broader mining regulatory issues, including Mali’s partial lifting of mining permit suspensions (Reuters).

  • Additional Reuters reporting on geopolitical partnerships, trade disputes, and illicit mineral trade provides market context that indirectly affects Tharisa’s strategic environment (Reuters).

E. Media Exposure Trends

• Source Distribution:

  • MarketScreener & Investegate: Extensive coverage on production guidance, quarterly results, and operational updates.

  • Reuters: Provided a strong contextual backdrop with articles on international partnerships, trade actions, and regulatory changes in the mining industry.

  • Financial Times: Coverage remains broad with dedicated mining and companies pages, but limited direct focus on Tharisa.

  • Bloomberg: Recent targeted scraping yielded technology and political commentary articles unrelated directly to Tharisa, demonstrating challenges in isolating dedicated coverage.

  • Mining Weekly: While some Tharisa-related content (e.g., chrome production achievements) exists, extraction required alternative methodologies due to scraping barriers.

• Summary Table of Recent Tharisa-Related Articles: Source Title Publication Date URL MarketScreener Tharisa plc Provides Production Guidance for Fiscal Year 2025 2025-02-12 Link MarketScreener Tharisa plc Announces Production Results for Fourth Quarter and Year Ended September 30, 2024 2025-02-12 Link Financial Times Tharisa Production report Q1 FY2025 – Company Announcement 2025-01-13 Link Investegate Tharisa Production report Q1 FY2025 2025-02-14 Link Investegate Tharisa Q1 FY2024 production report 2025-02-12 Link

• Reuters Articles Summary (Geopolitical and Regulatory Focus): Title Publication Date URL Highlights Summary US Open to Minerals Partnerships with DR Congo 2025-03-09 Reuters Article Focus on U.S. transparency and investment opportunities in critical minerals. As Trump and Zelenskiy Clash, Ukraine Minerals Bonanza 2025-02-28 Reuters Article Analysis of Ukraine’s mining challenges and opportunities amid political tensions. Mali Partially Lifts Suspension on Mining Permits 2025-03-07 Reuters Article Details policy changes in Mali’s mining sector and regulatory adjustments. M23 Rebels in Goma: Gains to Boost Illicit Mineral Trade 2025-01-28 Reuters Article Examination of challenges in tracking mineral flows amid conflict dynamics. China Targets US Soybeans, Lumber in Stepped-Up Trade Actions 2025-03-04 Reuters Article Retaliatory trade measures by China affecting multiple sectors. Canada's Equinox Gold to Buy Calibre Mining in All-Stock Deal 2025-02-24 Reuters Article Highlights consolidation in the mining sector and strategic acquisitions.

4. Attempts to Engage with Mining Weekly

A. Direct and Alternative Approaches

• Direct Contact:

  • Research indicated the availability of contact avenues on the Tharisa website (Tharisa Contact Us).

  • Efforts to directly email or inquire with Mining Weekly’s editorial team did not yield immediate contact details; alternative methods, such as using the Creamer Media platform, were explored.

• Alternative Methods – Aggregators and Specialized Tools:

  • Specialized mining news aggregators (e.g., Electra Mining Africa Catalogue via Issuu, NewZimbabwe.com) were identified as valuable complementary sources.

  • Advanced techniques such as keyword-based filtering and API integrations are recommended for future research to capture niche Tharisa-related content from sources like Mining Weekly.

B. Summary of Findings on Mining Weekly Engagement

• While Mining Weekly has featured articles including Tharisa’s chrome production achievements, direct retrieval through standard scraping methods was hampered by anti-scraping measures.

• A structured approach entailing direct inquiry and leveraging industry-specific aggregators offers a promising path for future comprehensive data capture.

5. Conclusions

The current media landscape presents a multi-faceted picture of Tharisa’s recent performance and strategic initiatives. Key findings include:

• Clear emphasis on production guidance and quarterly performance, with notable challenges in equipment availability and operational efficiency.

• Strategic commitment toward ESG through renewable energy projects and advanced technology initiatives.

• A diverse media narrative with detailed coverage from MarketScreener, Investegate, and Reuters, while Financial Times provides a contextual industry overview rather than dedicated Tharisa analysis.

• Persistent challenges in accessing Mining Weekly content directly have led to the exploration of alternative methods, including specialized mining news aggregators and direct contact approaches.

Stakeholders and researchers are advised to combine these data sources and utilize advanced querying methods to remain abreast of Tharisa’s evolving operational and strategic landscape.

6. References

• MarketScreener - Production Guidance

• MarketScreener - Fourth Quarter Results

• Investegate - Q1 FY2025 Production Report

• Investegate - Q1 FY2024 Production Report

• Financial Times - Tharisa Announcement

• Reuters - US Minerals Partnership

• Reuters - Ukraine Mining Bonanza

• Reuters - Mali Mining Permits

• Reuters - Illicit Mineral Trade

• Reuters - China Trade Measures

• Reuters - Equinox Gold Acquisition

• Tharisa Official Website

• Tharisa Contact Page

• Mining Weekly News via Creamer Media

• Bloomberg - Microsoft and OpenAI Data Investigation

• Bloomberg - Musk’s Commentary

• Electra Mining Africa Catalogue 2024 (Issuu)

• NewZimbabwe Companies Archives

• LinkedIn - Edgar Davids at Tharisa

This comprehensive report is designed to provide stakeholders with an up-to-date, clear, and nuanced overview of media trends and news coverage surrounding Tharisa as of March 11, 2025.

Detailed Version

Recent News Articles on Tharisa

Below is a comprehensive review of the recent news articles related to Tharisa, based on the research data gathered. The articles focus on production guidance, quarterly results, and market performance. Although the research query intended to retrieve results from Bloomberg, Reuters, Financial Times, and Mining Weekly, the detailed results contain multiple articles from MarketScreener, Financial Times, and Investegate. No direct articles were found from Bloomberg, Reuters, or Mining Weekly during this search.

Overview

The gathered articles highlight Tharisa’s production performance, guidance for fiscal years, and insights into market trends and operational challenges. Several pieces report on quarterly performances, such as production figures for platinum group metals (PGMs) and chrome, and details on recent company announcements including production guidance, challenges due to equipment availability, and steps being taken to improve overall operations.

Detailed Articles Summary

The table below summarizes the key details extracted from the research data:

Key Insights

1. Production Guidance and Results:

   • Tharisa plc has issued production guidance for fiscal year 2025, outlining key production metrics and future targets. The focus is on increasing production efficiency and addressing operational constraints, such as equipment availability and lower than expected ore grades, which impacted early quarterly results (MarketScreener).

   • Quarterly reports from both MarketScreener and Investegate offer detailed insight into production outcomes, including declines in platinum group metal (PGM) and chrome outputs. They also highlight the company's actions to improve feed grade optimization and recovery levels (Investegate).

2. Operational Challenges and Market Performance:

   • Articles note that the first quarter of fiscal year 2025 was challenging due to suboptimal drilling equipment availability and cybersecurity disruptions affecting administrative functions.

   • The company has responded by accelerating improvements to drilling rates and equipment availability to maintain production efficiency and meet future targets (MarketScreener).

3. Strategic Commitments:

   • Tharisa is also advancing renewable energy projects, including a 40 MW solar initiative and the development of a proprietary redox flow battery powered by their mined commodities, driving its commitment to reducing carbon emissions and achieving net carbon neutrality by 2050 (Financial Times).

Coverage Gaps

While the research query aimed to include results from Bloomberg, Reuters, and Mining Weekly, the data retrieved mostly comprised articles from MarketScreener, Financial Times, Investegate, and the Tharisa website. No specific recent news articles were found via web scraping or API tools for Bloomberg, Reuters, or Mining Weekly on Tharisa at the time of this search.

Conclusion

The recent news regarding Tharisa touches primarily on production challenges and strategic realignments with regard to both operational performance and renewable energy investments. The company is actively responding to early fiscal challenges and positioning itself for improved outputs, even as market and operational hurdles persist. It is recommended for stakeholders to monitor updates from a range of financial news sources, including direct company announcements, to stay current with Tharisa’s performance and strategic direction.

This overview is based on research conducted as of March 11, 2025. For ongoing updates, additional monitoring of Bloomberg, Reuters, and Mining Weekly would be advisable.

Detailed Analysis of Tharisa Mentions Monitoring

This analysis covers insights gathered from Twitter, LinkedIn, Reddit, and investor forums. The findings provide detailed nuances on sentiment shifts, engagement levels, key discussion points, and identification of top influencers and potential PR risks.

Social Media Mentions

Twitter Insights

Observation: Twitter mentions are sparse on Tharisa specifics, with contextual bio data rather than detailed commentary on company performance.

LinkedIn Insights

Observation: LinkedIn posts are detailed and fact-driven, highlighting company performance, technological advancements (e.g., energy storage), and significant leadership profiles. They also reflect proactive investor and stakeholder engagement.

Investor Forums & Share Chat Data

Observation: Investor forums reflect detailed scrutiny of specific transactions (e.g., the Karo deal), shareholder concerns, and strategic market analysis. Discussions are rich in financial details, and commentary is well-documented with dates and reference links. The presence of broadly circulated presentations also provides transparency in performance tracking.

Influencer & Analyst Identification

Observation: Top influencers include official company communications, leadership team members, and experienced investors active on platforms like LinkedIn and share chat boards. Their discussions and presentations appear to shape public perception significantly.

Sentiment Shifts & PR Risks

Observation: Although financial data and event updates are robust, investor forums indicate rising negative sentiment over deals like the Karo transaction. This increasing negativity could forewarn PR risks or misinformation if not addressed with clear, fact-based communications.

Engagement Levels & Key Discussion Themes

Observation: Engagement levels vary by platform with high-quality financial disclosures and community events driving more positive interactions, while strategic decisions (like the Karo deal) generate more investor scrutiny.

This detailed analysis provides a comprehensive view of Tharisa’s public perception based on cross-platform data. All referenced details are collated from publicly available posts and discussion threads with explicit dates, facts, and qualitative viewpoints.

Note: Data and references are compiled from Twitter, LinkedIn, ADVFN Share Chat, London SE guidelines, and Tharisa official presentations as provided.

Tharisa Analyst Reports & Consensus Estimates (as of March 11, 2025)

Tharisa plc (THS) has received a consensus Buy rating based on one Wall Street analyst covering the stock in the past year (MarketBeat, https://www.marketbeat.com/stocks/LON/THS/forecast/). The average 12-month price target is GBX 120, representing a 103.39% upside from a price of GBX 59 as of February 15, 2025. The high and low price targets are both GBX 120. Berenberg Bank reiterated a Buy rating on November 28, 2024, with a GBX 120 price target (MarketBeat, https://www.marketbeat.com/stocks/LON/THS/forecast/).

TipRanks reports a Moderate Buy consensus based on one analyst with an average price target of GBX 130, representing a 134.23% increase from GBX 55.5 as of March 10, 2025 (TipRanks, https://www.tipranks.com/stocks/gb:ths/forecast). The high and low price targets are both GBX 130.

SimplyWall.st reports five analysts providing estimates for their reports. As of February 13, 2025, future Return on Equity (ROE) is forecast to be 13.7% in 3 years (SimplyWall.st, https://simplywall.st/stocks/us/materials/otc-tihr.f/tharisa/future). Revenue growth is forecast at 7.8% annually, slower than both the US market (8.9%) and the South African market (4.4%) (SimplyWall.st, https://simplywall.st/stocks/za/materials/jse-tha/tharisa-shares/future). Richard Hatch from Berenberg, David Gagliano and Alexander Pearce from BMO Capital Markets Equity Research are among the analysts covering Tharisa (SimplyWall.st, https://simplywall.st/stocks/us/materials/otc-tihr.f/tharisa/future).

Tharisa Credit Rating and Operational Analysis

Credit Rating Updates and Market Insights

While there are no explicit credit rating adjustments for Tharisa disclosed from Moody’s, S&P Global Ratings, or Fitch between Q3 2024 and early 2025, extensive public disclosures and operational reports provide a context to infer potential drivers that rating agencies evaluate. Notable elements influencing credit assessments include:

Implications for Credit Ratings

Key drivers that agencies are likely to monitor include:

• Profitability & Production Trends: The lower production levels and suboptimal ROM grades may raise concerns regarding margin compression if sustained over multiple quarters. However, management’s focus on optimizing feed grade and recoveries could mitigate some concerns.

• Debt and Liquidity Position: The net cash improvement despite a reduction in absolute cash levels, coupled with falling debt figures, points toward a cautious but positive financial posture. Agencies assessing credit risk would likely emphasize these as stabilizing factors.

• Operational and External Risks: The fallout from the cybersecurity incident and production disruptions will be evaluated by agencies looking at operational resilience. The ongoing improvements in drilling equipment availability and recovery rates are important to note.

• Sustainability Strategy: Investment in renewable energy, ESG targets, and technological innovation (i.e., Redox One) are also factored into credit assessments. These initiatives can provide rating upgrades if they lead to more stable and efficient operations.

Overall, while there have been no discrete rating changes announced between Q3 2024 and early 2025, the composite operational data and strategic announcements provide insight into the potential evolution of Tharisa’s credit profile. Rating agencies will likely consider these factors in their forward-looking analyses, with operational improvements and sustainability initiatives serving as critical leverage points for any future rating adjustments.

Summary Table of Q1 FY2025 Key Metrics

References are cited from publicly available sources and corporate disclosures as provided in the compiled research material.

This detailed examination, complete with statistical and qualitative metrics, forms a comprehensive backdrop for understanding the nuances of Tharisa’s current credit environment and the potential factors influencing future credit rating decisions.

Tharisa: Detailed Production and Strategic Overview

Production Performance (Q1 FY2025 vs. Prior Quarters)

Production Guidance and Strategic Initiatives

Operational Challenges & Mitigations

• Drilling Equipment & Recovery Rates: Q1 challenges included sub optimal drilling equipment availability which led to lower ROM grades and consequently, reduced recoveries. The company reported improvements in drilling rates and equipment availability that are expected to restore performance levels (Investegate).

• Market Pricing Environment: Despite sound demand fundamentals for PGMs, price weakness persists due to lack of investor interest and subdued market sentiment. Chrome prices have also retreated, influenced by uncertainty in stainless steel demand and logistical disruptions impacting delivery from key borders (e.g., disruptions at the Mozambique border) (MarketScreener).

• Cybersecurity Incident: The cybersecurity breach during Q1 impacted administrative, accounting, and support functions. However, work-around solutions were promptly implemented and significant progress has been made in bringing affected systems back online (FT Announcement).

Voting Rights and Investor Communications

Summary of Key Data Points

• Q1 FY2025 Production: 29.9 koz PGMs (down from 37.1 koz), 374.4 kt chrome (down from 426.8 kt).

• Year-End Financials: Net cash position of approximately US$89.0 million as of September 30, 2024.

• Guidance: FY2025 production guidance remains unchanged with PGMs between 140,000 and 160,000 ounces and chrome output between 1.65 and 1.8 million tonnes.

• ESG & Innovation: Strategic renewable energy projects are underway (15-year PPA with Etana, 40 MW solar project) aimed to cut carbon emissions by 30% by 2030 and achieve net zero by 2050. The company is also advancing battery technology through Redox One.

All data and references have been sourced from MarketScreener, FT announcements, Investegate, Proactive Investors, and Research Tree as cited above.

Detailed Analyst Coverage Reporting for Tharisa (Dec 2024 – Mar 2025)

Based on the research, you should indeed focus on publicly available analyst reports covering Tharisa from December 2024 through March 2025. The reports should capture granular details such as analyst names, ratings (buy/sell/hold), target price changes accompanied by rationale, earnings and revenue forecasts, as well as sector outlooks. In addition, it is important to incorporate any commentary related to commodity price trends, ESG factors, and regulatory impacts as these are influencing the mining and resources sector.

Below are two tables summarizing the key elements:

Table 1: Analyst Report Details (Sample Data from Research)

Note: While the sample above comes from Berenberg Bank, similar publicly available reports via JPMorgan, Goldman Sachs, UBS, Morgan Stanley, and Citigroup should be monitored and extracted during the December 2024 - March 2025 window.

Table 2: Thematic and Sector Commentary

Summary:

• Time Frame: Focus on December 2024 through March 2025.

• Coverage Scope: Publicly available reports from the major banks (JPMorgan, Goldman Sachs, UBS, Morgan Stanley, and Citigroup).

• Metrics: Analyst names, ratings (buy/sell/hold), target price changes plus underlying rationale, earnings and revenue forecasts, and sector/market commentary.

• Themes: Special focus on commodity price trends, ESG initiatives (e.g., Tharisa’s roadmap to carbon neutrality), and regulatory impacts (safety metrics, energy transition policies).

This detailed approach, using data from sources such as MarketBeat, Investegate, and MarketScreener (with inline citations provided), will ensure a comprehensive and high-quality report covering Tharisa’s analyst coverage in the specified period.