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hannans reward ltd (HNR) Snapshot

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07/10/14 - A$0.01
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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, 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.

Hannans Reward Limited Provide an Update on Lannavaara Iron Project

Hannans Reward Limited provide an update on its 100% owned Lannavaara Iron Project, located approximately 80km north-east of Kiruna, northern Sweden. The Lannavaara Iron Project has the potential to be a large, long life iron project1 and a scoping study has been initiated to assess the feasibility of developing a sustainable business in Lannavaara. One critical aspect of the project's viability is the logistics system for transporting an iron product from mine to port. Engineering, Construction and Project Management services company Ausenco have been engaged to complete a conceptual pipeline study and cost estimate for the transport of both magnetite concentrate from Lannavaara, Sweden to Skibotn, Norway and natural gas from Skibotn to Lannavaara.

Hannans Reward Limited Announces Audited Consolidated Earnings Results for the Year Ended June 30, 2014

Hannans Reward Limited announced audited consolidated earnings results for the year ended June 30, 2014. For the year, the company reported revenue of AUD 150,925 against AUD 169,365 a year ago. Loss from continuing operations before income tax expense was AUD 1,137,043 against AUD 836,826 a year ago. Net loss attributable to the parent entity was AUD 1,015,324 or 0.14 cents basic and diluted per share against AUD 2,544,386 or 0.44 cents basic and diluted per share a year ago. Net cash used in operating activities was AUD 1,971,763 against AUD 5,381,816 a year ago. Payment for property, plant and equipment was AUD 197 against AUD 14,006 a year ago.


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