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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 31/03/16

1 year TSR5 year TSR
142ndHannans Reward75%-49%
431stImage Resources-17%-31%
503rdTalga Resources-27%-1%
505thNeon Capital-27%-38%
514thCaravel Minerals-28%-50%
759 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

05/12/14
$0 Issued
05/12/14
$0 Issued
05/12/14
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

166th↓Neon Capital$525k
167th↑Caravel Minerals$510k
168th↑Hannans Reward$499k
169th↓Image Resources$498k
170th↑Talga Resources$495k
536 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Hannans Reward

494thDamian Hicks$325k
thAmanda Scott$262k
1645thOlof Forslund$44k
Ranked by total remuneration from all listed WA companies

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