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 31/08/18

1 year TSR5 year TSR
12thHeron Resources665%-18%
299thVenus Metals Corporation19%14%
532ndMagnum Mining & Exploration-15%25%
678thHammer Metals-40%-23%
740thNorwest Energy-50%-43%
737 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$13k Bought
$0 Issued
$0 Issued
Total value as at the date of the transaction
Source: Morningstar


217th↑Magnum Mining & Exploration$145k
218th↓Venus Metals Corporation$140k
219th↓Heron Resources$140k
220th↑Hammer Metals$140k
221st↓Norwest Energy$140k
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Heron Resources

157thWayne Taylor$590k
289thCharlie Kempson$377k
501stSimon Smith$237k
Ranked by total remuneration from all listed WA companies

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