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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.

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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

01/12/17
$0 Issued
01/12/17
$0 Issued
25/08/17
$407k Sold
Total value as at the date of the transaction
Source: Morningstar

Revenue

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

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