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Last 0.20 GBp
Change Today +0.01 / 5.41%
Volume 4.2M
As of 11:30 AM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

herencia resources plc (HER) Snapshot

Open
0.19 GBp
Previous Close
0.19 GBp
Day High
0.20 GBp
Day Low
0.19 GBp
52 Week High
07/2/14 - 0.54 GBp
52 Week Low
12/17/14 - 0.19 GBp
Market Cap
7.1M
Average Volume 10 Days
2.5M
EPS TTM
-0.0010 GBp
Shares Outstanding
3.6B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for HERENCIA RESOURCES PLC (HER)

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herencia resources plc (HER) Details

Herencia Resources plc, together with its subsidiaries, operates as a mineral exploration and development company in South America. The company owns a portfolio of zinc, silver, lead, copper, and gold deposits in Chile. Its projects include the Picachos Copper project, which is located approximately 50km south east of the coastal city of La Serena; and the Guamanga Copper-Gold project that covers an area of approximately 11.2 square kilometers, which comprises the iron oxide copper-gold and various porphyry targets, as well as tenement positions in the La Serena area located in northern Chile. The company also owns a 70% interest in the Paguanta project comprising Patricia zinc-silver-lead-gold mineral resource; Doris coppe/silver prospect; and La Rosa porphyry-copper prospect located in northern Chile. Herencia Resources plc was incorporated in 2005 and is based in West Perth, Australia.

Founded in 2005

herencia resources plc (HER) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: 235.3K GBP
Compensation as of Fiscal Year 2013.

herencia resources plc (HER) Key Developments

Herencia Resources PLC Announces the Maiden Resource Estimate for Picachos Copper Project in Northern Chile

Herencia Resources PLC announced the maiden Resource Estimate for the Picachos Copper Project in northern Chile. The Picachos stage two drilling program consisted of 36 drill holes totaling 5,998 meters - with five diamond cored holes (DDH) totaling 1,239 meters and 31 reverse circulation (RC) holes totaling 4,759 meters. The drilling targeted two separate styles of mineralisation - the higher grade structures and the lower grade manto or stratabound mineralisation. A digital 2D section model of the Picachos project was initially prepared by Herencia's geologists, consisting of nine N30°W cross-sections at 50 meter intervals. These 2D geological sections were then reviewed by the resource consultant and a solids model generated using the 2D sections. A block model was then created using block dimensions of 5m x 5m x 5m and the Ordinary Kriging geo-statistical method was used to calculate the copper and silver mineral resource estimate. In addition to the Mineral Resource estimate, a review of the geological model and the drilling results has identified several new target areas with considerable untested potential for higher grade tonnes. The targets are located to the east, immediately adjacent of the 40M Shaft with mineralisation outcropping on the surface and which coincide with a geophysical Induced Polarisation (IP) high.

Herencia Resources plc Appoints Sen Ming (Jimmy) Lim as its Director

Herencia Resources plc announced that Mr. Sen Ming (Jimmy) Lim has been appointed as a director of the company, with immediate effect. Mr. Lim, will be the nominated board representative for Shining Capital Management Limited (‘Shining’). Mr. Lim, who is 42 years old, is an experienced financial and corporate company director and is currently the Managing Director of Shining and has previously worked for Goldman Sachs, Morgan Stanley, JP Morgan and KPMG. Mr. Lim is currently a director of the following companies - Maligreen Mining Company (Private) Limited, Pan African Mining Company (Private) Limited, Pickwerl Mining Company (Private) Limited, Trench Mine (Private) Limited, Bilboes Gold Limited, Bilboes Holdings (private) Limited, Dynamic Earth Limited, Golden Beams Development (Private) Limited, Golden Beams Development Limited, Infinite Treasure Limited, Shining Eagle Resources Limited, United Harvest Investment Limited, Greenlight Treasure Limited,, Salazar Gold Limited, Discovery Gold Limited (Mauritius), Solid Nest Pty Ltd. and Spring Water Holding ehf.

Herencia Resources PLC Provides Update on Picachos Drill Program

Herencia Resources PLC announced that all laboratory assay results have been received from its Stage 2 drilling program at its advanced Picachos Copper Project in Chile. These drill results will form the basis for an updated geological model and maiden Resource for the 40M Shaft area from which a mine plan will be developed to take the company through to Phase 1 mine production. With current market conditions and commodity prices under pressure, the company's approach to minimising expenditure whilst moving as quick as possible into production, appears to be paying off. Although only a small area around the 40M Shaft area has been drilled to date, the number of high grade results from the drilling is impressive as evident by the most recent and previously announced drill intersections. The mine development methodology of a staged approach to mine development and utilising surrounding infrastructure including existing treatment facilities to toll treat Picachos ore, is a key plank in the company's low capex, rapid production strategy. Work to date on the Picachos Feasibility Study is progressing to schedule with a Mineral Resource estimate scheduled for completion in a matter of weeks. Technical input from third party consultants on permitting, environment and other key technical components is underway along with detailed costings from a number of open pit mining contractors.

 

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Price/Earnings NM Not Meaningful
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