A geological treasure hunt is under way, with resources players evaluating the prospects for gold projects in parts of the state traditionally home to agriculture. Photo: iStockphoto

Resources renaissance in the regions

As far as most Western Australians are concerned, mining in their state is confined to the Pilbara and the Goldfields around Kalgoorlie. But if you take a closer look, there is a genuine mining boom under way much closer to Perth, with the South West and adjacent regions enjoying a resources renaissance.

Lithium mining in the timber, wine and dairy country close to Greenbushes has been the newsmaker this year as production expands to meet the demand for lithium-ion batteries in electric cars, power storage and household tools.

Lithium is also found elsewhere in the south of the state, including new and proposed mines on the edge of the southern fringes of the Wheatbelt, such as Galaxy Resources’ Mt Cattlin project on the road between Esperance and Albany, and Kidman Resources’ Mt Holland project near Hyden.


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Ausgold (AUC)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
39thMustang Resources300%-58%
460thBannerman Resources-6%-17%
565thEncounter Resources-22%-19%
790thZinc of Ireland-71%-62%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Bought
$0 Bought
$0 Bought
Total value as at the date of the transaction
Source: Morningstar


241st↑Zinc of Ireland$100k
242nd↓Encounter Resources$98k
244th↑Bannerman Resources$96k
245th-Mustang Resources$94k
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Ausgold

372ndDenis Rakich$277k
1024thRichard Lockwood$105k
1355thNeil Fearis$11k
Ranked by total remuneration from all listed WA companies

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