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Mincor discovery

MID-SIZED nickel producer Mincor Resources has confirmed a potentially major nickel discovery just south of its flagship Miitel nickel mine in Kambalda, after drilling discovered a strong mineralisation. Mincor managing director David Moore, said the intersection suggested the likely presence of a second parallel ore trend at South Miitel, with very favourable implic-ations for the overall size of the new discovery. Drilling will now proceed with two rigs full-time at South Miitel, while a third rig continues drilling north of North Miitel, where exploration work has already been successful. A fourth diamond drill rig is active for the company on regional nickel exploration, while Mincor’s gold exploration is advancing with one aircore drilling rig.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/03/18

1 year TSR5 year TSR
54thAltura Mining180%24%
135thMincor Resources74%-11%
445thTarget Energy0%-51%
617thKalNorth Gold Mines-30%-48%
785thPotash Minerals-67%0%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

26/03/18
$36k Bought
26/03/18
$72k Bought
21/03/18
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

91st↓Mincor Resources$2.3m
112th↓KalNorth Gold Mines$1.3m
113th↓Altura Mining$1.3m
115th↑Potash Minerals$1.2m
118th↓Target Energy$1.1m
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Mincor Resources

409thPeter Muccilli$317k
Ranked by total remuneration from all listed WA companies

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