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Hannans to sell-off WA nickel projects

Exploration firm Hannans Reward is planning to offload its nickel sulphide portfolio in Western Australia to focus on the development of its Kiruna iron project in Sweden.

Hannans’ WA porftfolio comprises the Forrestania project east of Hyden, the Lake Johnston project west of Norseman and the Queen Victoria Rocks project near Coolgardie.

Chaiman Richard Scallan said the company would commence discussions with potential investment partners to further develop and enhance the projects.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/12/16

1 year TSR5 year TSR
15thHannans Reward700%-32%
303rdS2 Resources38%0%
448thPeel Mining10%0%
463rdGWR Group8%-33%
682 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

15/11/16
$58k Bought
15/11/16
$49k Bought
15/11/16
$58k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

166th↑Hannans Reward$445k
167th↑GWR Group$443k
169th↑Peel Mining$423k
170th-S2 Resources$386k
503 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Hannans Reward

1938thMarkus Bachmann$16k
Ranked by total remuneration from all listed WA companies

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