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Heron will solely focus on its Woodlawn zinc-copper project in New South Wales.

Heron to spin-out gold, nickel assets

Heron Resources is the latest company to announce plans to spin-out its non-core assets into a new company, following similar recent movements by Metals X, TNG and Indiana Resources.

Heron plans to demerge its subsidiary, Ardea Resources, into a standalone ASX-listed company, which will fully own the Lewis Ponds gold-zinc project in NSW, and several gold and nickel projects located in the Goldfields.

The Goldfields projects include the Mt Zephyr prospects near Leonora, and the Bardoc Tectonic Zone prospects north of Kalgoorlie.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/11/17

1 year TSR5 year TSR
127thNorwest Energy101%-44%
271stBreaker Resources32%9%
411thVenus Metals Corporation7%-6%
743rdHeron Resources-51%-20%
727 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

29/11/17
$0 Issued
29/11/17
$0 Issued
29/11/17
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

221st↑Venus Metals Corporation$140k
222nd-Heron Resources$140k
224th↓Norwest Energy$140k
225th↓Breaker Resources$138k
492 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Heron Resources

188thWayne Taylor$590k
350thCharlie Kempson$377k
592ndSimon Smith$237k
Ranked by total remuneration from all listed WA companies

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