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About $6 million from the capital raising will be used for brownfields and advanced projects, including structural repetitions of the Bronzewing (pictured) and Lotus deposits.

Echo Resources raises $15m

Echo Resources has completed a $15 million share placement to fund its exploration strategy at the Yandal gold project.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Top 10 Shareholders

Substantial shareholders as published in the annual report.
Source: Morningstar

Total Shareholder Return as at 31/10/19

1 year TSR5 year TSR
31stEcho Resources177%35%
503rdHannans-17%6%
644thNelson Resources-40%
706thWhite Cliff Minerals-50%-54%
730 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

04/10/19
$2.8m Sold
04/10/19
$1.2m Sold
04/10/19
$170k Sold
Total value as at the date of the transaction
Source: Morningstar

Revenue

321st↓Hannans$7k
322nd↓Echo Resources$6k
324th↓White Cliff Minerals$5k
325th↑Nelson Resources$5k
485 listed resources companies ranked by revenue.
Source: Morningstar

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