Heron makes placement to Inco

HERON Resources has completed an excluded placement of 16.5 million fully paid ordinary shares to Canadian-based Inco - its Kalgoorlie nickel project joint venture partner. According to Heron, the placement at 75 cents per share to raise $12.38 million, cements its partnership with Inco. It also results in the Canadian nickel giant becoming a substantial shareholder in the WA company, with 10.5 per cent of the expanded capital base. Heron has projected the Kalgoorlie nickel project to cost approximately $1.4 billion to develop.


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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/03/18

1 year TSR5 year TSR
23rdHeron Resources605%-15%
229thPacific Bauxite39%-6%
585thMusgrave Minerals-24%-6%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Issued
$0 Issued
$62k Issued
Total value as at the date of the transaction
Source: Morningstar


217th↓Heron Resources$140k
254th↑Bora Bora Resources$69k
255th↓Pacific Bauxite$64k
257th↑Musgrave Minerals$59k
258th↓Noble Metals$59k
508 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Heron Resources

175thWayne Taylor$590k
327thCharlie Kempson$377k
559thSimon Smith$237k
Ranked by total remuneration from all listed WA companies

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