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Last A$0.0030 AUD
Change Today -0.001 / -25.00%
Volume 550.0K
HNR On Other Exchanges
As of 7:40 PM 10/4/15 All times are local (Market data is delayed by at least 15 minutes).

hannans reward ltd (HNR) Snapshot

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10/7/14 - A$0.0070
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03/9/15 - A$0.0020
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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 Limited Provides Production Update from the Central Deposit At the Pahtohavare Cu-Au Project

Hannans Reward Limited announced additional diamond drillhole assay results from the Central deposit at the Pahtohavare Cu-Au Project. Pahtohavare comprises three deposits, namely Central, Southern and South Eastern and is located approximately 8km south-west of Kiruna, a full service mining town in northern Sweden. Hannans' Swedish joint venture partner Lovisagruvan AB (AktieTorget: LOVI) is funding the costs of exploration pursuant to the Joint Venture announced to ASX on 27 March 2015 with Hannans to retain a 25% free carried interest through to a Decision to Mine. The assay results reported below have been reviewed by Mr. Stefan Sadbom, Exploration Director, Lovisagruvan AB and the announcement has been approved for release by Lovisagruvan AB. The Joint Venture exploration drilling program at Central was planned and managed by Amanda Scott, Exploration Manager, Hannans Reward Ltd. Drillhole PADH15006, located on infill Profile F, was drilled towards the west which is perpendicular to the dip of the lithology. Profile F is a new infill (25m) profile and the mineralization in PADH15006 confirms that the high-grade, strongly oxidised copper-gold-silver mineralization continues along strike from between Profiles 6 & 7. All drillholes from the recent diamond drilling programme have now been logged, sampled and dispatched to the laboratory for assaying; the balance of results is expected in October. Joint venture partner Lovisagruvan AB is expected to make a decision on whether to proceed to Stage 2 of the joint venture agreement in late October. The Central deposit contains a current JORC Compliant Inferred Mineral Resource Estimate6 of 1.4Mt at 1.8% Cu and 0.6 g/t Au (2.4% CuEq7).

Hannans Reward Limited Reports Consolidated Earnings Results for the Year Ended June 30, 2015

Hannans Reward Limited reported consolidated earnings results for the year ended June 30, 2015. For the period, the company reported revenue of AUD 50,630 compared to AUD 150,925 a year ago. Loss from continuing operations before income tax expense was AUD 29,120,403 compared to AUD 1,137,043 a year ago. Loss from continuing operations attributable to members of the parent entity was AUD 29,120,403 compared to AUD 1,015,324 a year ago. Basic and diluted loss per share was 4.03 cents compared to 0.14 cents a year ago. Net cash used in operating activities was AUD 510,894 compared to AUD 1,442,325 a year ago. Payments for exploration and evaluation were AUD 161,630 compared to AUD 577,164 a year ago.

Hannans Reward Ltd. Announces Commencement of Copper-Gold Drilling at Pahtohavare Project

Hannans Reward Ltd. announced that diamond drill testing of the high-grade copper-gold Central oxide deposit at the Pahtohavare Project has recommenced. Pahtohavare is located approximately 8km south-west of Kiruna, a full service mining town in northern Sweden. Hannans' joint venture partner, Swedish mining company Lovisagruvan AB1 is funding the costs of the program pursuant to the joint venture announced to ASX on 27 March 2015. Lovisagruvan are focused on assessing the potential to mine the Central oxide deposit by completing infill drilling and advanced metallurgical test work. The aim of this drilling (6 holes for 750 metres) is to test the continuity of mineralization between existing drill profiles of the northern part of the oxide deposit. The Central deposit contains a current JORC Compliant Inferred Mineral Resource Estimate2 of 1.4Mt at 1.8% Cu and 0.6 g/t Au (2.4% CuEq).


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