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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 31/01/17

1 year TSR5 year TSR
21stMOD Resources644%-24%
281stVentnor Resources54%-48%
490thGlobal Gold Holdings7%-38%
538thKairos Minerals0%8%
645thTamaska Oil & Gas-24%-42%
683 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

20/07/16
$90k Issued
20/07/16
$80k Issued
20/07/16
$110k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

275th↑MOD Resources$70k
279th↑Kairos Minerals$65k
280th↓Ventnor Resources$64k
282nd↓Tamaska Oil & Gas$62k
283rd↑Global Gold Holdings$60k
506 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from MOD Resources

951stJulian Hanna$160k
1159thMark Clements$108k
1551stSteve McGhee$53k
Ranked by total remuneration from all listed WA companies

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