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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 31/08/17

1 year TSR5 year TSR
39thAnglo Australian Resources239%-8%
89thAustralian Mines92%3%
172ndAfrican Energy Resources45%-22%
211thMOD Resources33%2%
687thAlloy Resources-50%-17%
717 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

18/07/17
$28k Bought
18/07/17
$28k Other
21/06/17
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

269th↑MOD Resources$0
381st↑Australian Mines$230
382nd↑African Energy Resources$0
384th↓Alloy Resources$0
385th↑Anglo Australian Resources$0
490 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from MOD Resources

852ndJulian Hanna$160k
1045thMark Clements$108k
1383rdSteve McGhee$53k
Ranked by total remuneration from all listed WA companies

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