Kidman is exploring for lithium at the Earl Grey deposit near Southern Cross.

Kidman to buy more Western Areas tenements

Kidman Resources has entered into an agreement to farm-in to 19 lithium-prospective tenements in Western Australia owned by nickel miner Western Areas, with the scrip-and-spend deal worth up to $11.6 million.

Kidman will issue 6.3 million shares to Western in order to earn-in to the tenements, which lie adjacent to Kidman’s Earl Grey lithium deposit near Southern Cross.

At Kidman’s opening share price of 42 cents, the deal would be worth $2.6 million.


(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

Thanks! This question prevents spammers...
Enter the characters shown in the image.

Add your comment

BNIQ sponsored byLPC cresa

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 30/11/17

1 year TSR5 year TSR
196thMetals X58%16%
430thWestern Areas4%-4%
701stSilver Lake Resources-44%-37%
707thPerseus Mining-44%-32%
727thBeadell Resources-49%-30%
727 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
$407k Sold
Total value as at the date of the transaction
Source: Morningstar


16th↓Perseus Mining$289.3m
17th-Metals X$279.8m
18th-Western Areas$250.5m
19th↑Beadell Resources$250.3m
20th↑Silver Lake Resources$227.5m
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Western Areas

21stDan Lougher$1.770m
36thDavid Southam$1.290m
88thJoseph Belladonna$862k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer