Junior miners to raise $12m

Peel Mining has announced completion of a $6 million share placement to fund work on its zinc-lead project while Triton Minerals has launched an entitlement offer for the same amount.

West Perth-based Peel raised its money at 40 cents per share, a 5 per cent discount to its five-day average share price.

The proceeds will be used to fund exploration work at its wholly owned Wagga Tank zinc-lead project in NSW, along with pre-development activities at its half-owned Mallee Bull polymetallic project, also in NSW.


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Peel Mining (PEX)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
75thPeel Mining153%3%
180thEnterprise Metals50%-34%
220thKorab Resources36%-19%
426thRedbank Copper0%0%
532ndWolf Petroleum-17%-1%
726 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
$3k Bought
Total value as at the date of the transaction
Source: Morningstar


166th↑Korab Resources$331k
167th↓Redbank Copper$329k
168th↑Peel Mining$319k
169th↑Wolf Petroleum$318k
170th↑Enterprise Metals$316k
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Peel Mining

496thRob Tyson$292k
thRyan Woodhouse$111k
1046thSimon Hadfield$100k
Ranked by total remuneration from all listed WA companies

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