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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 30/06/16

1 year TSR5 year TSR
14thHannans Reward701%-38%
44thBlackham Resources339%28%
143rdNex Metals Exploration100%-39%
521stLegend Mining-22%-26%
755 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

25/05/16
$5k Bought
25/05/16
$30k Bought
25/05/16
$15k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

168th↑Hannans Reward$499k
174th↓Nex Metals Exploration$472k
175th↓Legend Mining$465k
177th↓Blackham Resources$432k
178th↑Orrex Resources$410k
528 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Hannans Reward

465thDamian Hicks$325k
thAmanda Scott$262k
1583rdOlof Forslund$44k
Ranked by total remuneration from all listed WA companies

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