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Last A$0.0030 AUD
Change Today 0.00 / 0.00%
Volume 0.0
HNR On Other Exchanges
Symbol
Exchange
Berlin
As of 1:07 AM 04/29/15 All times are local (Market data is delayed by at least 15 minutes).

hannans reward ltd (HNR) Snapshot

Open
A$0.0030
Previous Close
A$0.0030
Day High
A$0.0030
Day Low
A$0.0030
52 Week High
07/10/14 - A$0.01
52 Week Low
03/9/15 - A$0.0020
Market Cap
2.2M
Average Volume 10 Days
21.0K
EPS TTM
A$-0.0005
Shares Outstanding
722.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for HANNANS REWARD LTD (HNR)

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hannans reward ltd (HNR) Details

Hannans Reward Limited engages in mineral exploration and project development activities in Sweden and Australia. The company primarily explores for copper, gold, nickel, and iron deposits. It primarily holds 100% interests in the Pahtohavare copper-gold project located to the south-west; and the Kiruna iron project located to the south of Kiruna, Sweden. The company was founded in 2002 and is based in West Perth, Australia.

Founded in 2002

hannans reward ltd (HNR) Top Compensated Officers

Exploration Manager
Total Annual Compensation: A$157.7K
Compensation as of Fiscal Year 2014.

hannans reward ltd (HNR) Key Developments

Hannans Reward Enters Joint Venture Agreement with Lovisagruvan AB

Hannans Reward Ltd. announced that it has entered into a joint venture agreement with Lovisagruvan AB in relation to the Pahtohavare Copper-Gold Project located near Kiruna, northern Sweden. The Pahtohavare Copper-Gold Project is 100% owned by Hannans' wholly owned subsidiary Kiruna Iron AB. Pahtohavare has a current JORC compliant inferred copper oxide resource1 of 1.4Mt @ 1.8% Cu, 0.6g/t Au (2.4% CuEq2) and substantial potential for additional copper sulphide and gold mineralization. Lovisagruvan will focus on bringing the oxide copper mineralization at the Central Deposit into production for early cash flow and will then investigate the potential for primary sulphide copper mineralization at depth. Lovisagruvan AB can earn a 35% interest in Pahtohavare by:paying Kiruna Iron AB a non-refundable amount of SEK 1,000,000 within 7 days (approx. AUD 150,000); completing additional metallurgical test work; drilling to improve the understanding of the oxide deposit and potentially increase the size, grade and category of the JORC compliant inferred mineral resource and drilling to collect sufficient quantity of a bulk sample to complete the necessary metallurgical test work to optimise OPEX, CAPEX and processing options for inclusion in a detailed scoping study. Lovisagruvan AB can earn a 51% interest in Pahtohavare by: lodging an exploitation concession application and environmental permit for the oxide deposit within approximately 18 months of signing this agreement and providing KIAB with an interest free working capital facility to the value of SEK 4,000,000 (approx. AUD 600,000) otherwise on normal commercial terms. Lovisagruvan AB can earn a 75% interest in Pahtohavare by delivering a Feasibility Study to KIAB within fourmonths of grant of an exploitation concession and an environmental permit. The study must be capable of being used by KIAB to access funding to contribute to development and mining. Iron AB will maintain a 25% free-carried interest in Pahtohavare through to a Decision to Mine at which time the both parties must contribute to costs on a pro-rata basis. If Lovisagruvan AB elects to withdraw from the joint venture it will transfer its interest in Pahtohavare back to Kiruna Iron AB for nominal consideration.

Hannans Reward Limited Reports Consolidated Earnings Results for the Six Months Ended December 31, 2014

Hannans Reward Limited reported consolidated earnings results for the six months ended December 31, 2014. For the period, loss from continuing operations before income tax benefit was AUD 331,353 against AUD 1,138,870 a year ago. Loss from continuing operations attributable to members of the parent entity was AUD 331,353 against AUD 1,017,151 a year ago. Net loss attributable to the parent entity was AUD 331,353 or 0.05 cents per basic and diluted share against AUD 1,017,151 or 0.14 cents per basic and diluted share a year ago. Net cash used in operating activities was AUD 94,469 against AUD 1,358,922 a year ago. Payments for exploration and evaluation was AUD 80,504 against AUD 140,765 a year ago. The consolidated net loss was largely the result of the decreased exploration activities due to the Company's decision to reduce the Australian and Sweden portfolio.

Hannans Reward Limited, Annual General Meeting, Nov 20, 2014

Hannans Reward Limited, Annual General Meeting, Nov 20, 2014., at 15:30 W. Australia Standard Time. Location: Clifton Perth, Level 4, Parmelia House. Agenda: To consider the adoption of remuneration report; to re-elect director – Mr. Markus Bachmann; to consider the placement – shares; to consider the issue of options to managing director, Damian Hicks; to consider the issue of options to exploration manager, Amanda Scott; to consider the issue of options to finance & compliance Manager, Mindy Ku; to consider the issue of options to non-executive director, Jonathan Murray; to consider the issue of options to non-executive director, Markus Bachmann; to consider the issue of options to non-executive director, Kjell Olof Forslund; to consider the issue of options to company secretary, Ian Gregory; and to consider the approval of 10% placement capacity - shares.

 

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