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Last A$0.06 AUD
Change Today +0.001 / 1.69%
Volume 807.8K
As of 12:58 AM 10/6/15 All times are local (Market data is delayed by at least 15 minutes).

avanco resources ltd (AVB) Snapshot

Previous Close
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52 Week High
10/22/14 - A$0.09
52 Week Low
09/14/15 - A$0.06
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avanco resources ltd (AVB) Details

Avanco Resources Limited engages in the exploration and development of base metal properties in Brazil. It explores for iron, copper, nickel, and gold ores. The company develops Rio Verde and Pedra Branca Copper projects, as well as the Antas Copper Mine, which are located in Carajas Mineral Province in northern Brazil. The company is based in West Perth, Australia.

15 Employees
Last Reported Date: 03/20/15

avanco resources ltd (AVB) Top Compensated Officers

Managing Director and Director
Total Annual Compensation: --
Company Secretary, Executive Director and Cha...
Total Annual Compensation: --
Executive Director of Exploration, Executive ...
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

avanco resources ltd (AVB) Key Developments

Avanco Resources Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

Avanco Resources Limited reported unaudited consolidated earnings results for the six months ended June 30, 2015. For the period, the company reported total revenue of AUD 144,000 against AUD 267,000 a year ago. Profit before income tax was AUD 4,000 against loss of AUD 716,000 a year ago. Net profit for the half year was AUD 4,000 against loss of AUD 716,000 a year ago. Basic and diluted loss per share attributable to owners of the company was 0.001 cents against 0.049 a year ago. Net cash flows used in operating activities was AUD 809,000 against AUD 377,000 a year ago. Payments for plant and equipment were AUD 658,000 against AUD 1,974,000 a year ago. Payments for deferred exploration and evaluation expenditure were AUD 12,111,000 against AUD 3,883,000 a year ago.

Avanco Resources Limited Announces Executive Appointments

Avanco Resources Limited announced the following appointments: Mr. Vern Tidy as Independent Non Executive Director; João Gonçalves as­ Chief Financial Officer-Brazil; Mr. Jairo Bernal as Financial Controller - Australia. Mr. Tidy is a fellow of the Institute of Chartered Accountants in Australia and a member of the Australian Institute of Company Directors. Vern brings compelling skills encompassing corporate governance and critical review of financial compliance. Mr. João's experience includes 15 years with the Rio Tinto Mining Group, key financial roles at Paracatu and the Aurizona Gold Mine. For the past seven years he has led the mining finance teams as their Chief Financial Officer. Mr. Bernal has more than 11 years experience in the mining and accounting profession. Jairo brings detailed knowledge of Australian Accounting Standards complemented with strong accounting skills developed from significant exposure to international mining projects. Mr. Bernal will be responsible for financial compliance and reporting within the Perth office and benefits from speaking Portuguese.

Avanco Resources Limited, Annual General Meeting, Jun 26, 2015

Avanco Resources Limited, Annual General Meeting, Jun 26, 2015., at 11:00 E. Australia Standard Time. Location: Adelaide Room, Sofitel Wentworth. Agenda: To receive and consider the annual financial report of the Company for the financial year ended 31 December 2014 together with the declaration of the directors, the director's report, the Remuneration Report and the auditor's report; to adopt remuneration report; to consider board changes; to issue of options to Anthony Polglase, Simon Mottram, Wayne Philips, Luis Azevedo, Scott Funston, Colin Jones; to adopt performance rights plan; to ratify prior issue - shares; and to approve Section 195.


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