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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

Source: Morningstar

Total Shareholder Return as at 30/04/19

1 year TSR5 year TSR
310thHorizon Gold-3%
379thStavely Minerals-15%
543rdLegacy Iron Ore-40%-30%
549thPlatina Resources-41%-2%
572ndEcho Resources-44%4%
729 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

23/01/19
$0 Issued
23/01/19
$18k Issued
23/01/19
$20k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

253rd↓Echo Resources$79k
284th↓Platina Resources$38k
285th↑Legacy Iron Ore$38k
287th↓Stavely Minerals$37k
288th↓Horizon Gold$35k
486 listed resources companies ranked by revenue.
Source: Morningstar

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