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MOD Resources managing director Julian Hanna. Photo: Attila Csaszar

Mod up on drilling results

Shares in copper explorer MOD Resources closed higher on promising drill results at the company’s T3 copper operation in Botswana.

As part of a pre-feasibility study, Perth-based Mod undertook a resource infill drilling program, which resulted in a 75-metre down hole width intersection with multiple intervals of copper sulphides starting at 247 metres, about 35 metres below the T3 resource.

“To intersect another wide zone of mineralisation within a year of the initial recovery, confirms the potential to move this exciting project to a new level,” Mod managing director Julian Hanna said.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/02/17

1 year TSR5 year TSR
15thMOD Resources1107%-27%
80thMiddle Island Resources246%-41%
144thMacPhersons Resources142%-4%
210thAuroch Minerals96%-5%
534thRMA Energy0%-30%
694 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

04/03/17
$0 Other
21/02/17
$0 Bought
21/02/17
$92k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

275th↑MOD Resources$70k
294th↑Middle Island Resources$44k
295th↑RMA Energy$44k
297th↑Auroch Minerals$43k
298th↓MacPhersons Resources$42k
502 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from MOD Resources

929thJulian Hanna$160k
1133rdMark Clements$108k
1514thSteve McGhee$53k
Ranked by total remuneration from all listed WA companies

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