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Last A$0.11 AUD
Change Today -0.005 / -4.55%
Volume 108.9K
HRR On Other Exchanges
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As of 9:43 PM 08/2/15 All times are local (Market data is delayed by at least 15 minutes).

heron resources ltd (HRR) Snapshot

Open
A$0.11
Previous Close
A$0.11
Day High
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Day Low
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52 Week High
09/2/14 - A$0.22
52 Week Low
07/10/15 - A$0.10
Market Cap
37.9M
Average Volume 10 Days
290.2K
EPS TTM
A$-0.03
Shares Outstanding
360.9M
EX-Date
--
P/E TM
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Current Stock Chart for HERON RESOURCES LTD (HRR)

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heron resources ltd (HRR) Details

Heron Resources Limited explores and develops mineral properties in Australia. It primarily explores for a range of commodities, including nickel, zinc, gold, and base metals. The company owns interests in the Woodlawn zinc-copper project located to the southwest of Sydney in New South Wales; and the Kalgoorlie nickel project located north of Kalgoorlie in Western Australia. It also holds various other base metal and copper-gold exploration properties located in the Lachlan Fold Belt of New South Wales. Heron Resources Limited was incorporated in 1995 and is based in West Perth, Australia.

22 Employees
Last Reported Date: 04/17/15

heron resources ltd (HRR) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: --
Chief Financial Officer and Company Secretary
Total Annual Compensation: --
Executive Director and Member of Audit Commit...
Total Annual Compensation: A$321.1K
General Manager of Strategy & Business Develo...
Total Annual Compensation: A$261.5K
Exploration Manager
Total Annual Compensation: A$261.5K
Compensation as of Fiscal Year 2014.

heron resources ltd (HRR) Key Developments

Heron Resources Limited Announces Results from Second Phase of Diamond Drilling At Woodlawn Project

Heron Resources Limited reported further excellent results from the second phase of diamond drilling at its wholly owned Woodlawn Project, located 50km northeast of Canberra and 250km southwest of Sydney, in New South Wales, Australia. This drilling forms a key input into the fully funded feasibility study, which is expected to be completed in the first half of calendar year 2016. The Phase II drilling program at Woodlawn commenced in May and to date 16 holes having been completed for approximately 5,950m. The initial part of the Phase II program has been designed to test the shallow mineralized positions that have the potential to provide easily accessible production in the early part of the future underground operation, as well as to perform the in-fill drilling required to upgrade the underground Mineral Resource. As previously reported, a number of zones of polymetallic sulphides have been intersected in extensional areas of the Kate Lens and other lens positions. Assay results have now been received for some of these intercepts with a number of high grade results returned. Details of drill hole coordinates, direction and intercepts are provided at the end of this report. Kate Lens Northern Extension: This intercept is located some 41m north and down-plunge from the 14.4m wide ore grade intercept in WNDD0001 and some 56m below the 5.8m wide ore grade intercept in WNDD0011. It therefore provides a considerable extension to the Kate Lens in the northerly direction. Drillhole WNDD0034 drilled a further 35m down-plunge to the north intersected weak pyrite and chalcopyrite stringers in the position of the lens and has most likely closed off the lens in that direction. The down hole electromagnetic (DHEM) survey for WNDD0034 is indicating a potential extension to the lens up-dip from WNDD0031 and further drilling is planned for this area. Kate Lens Down Dip Extension: This Kate Lens intercept is located some 30m below the original Kate Lens discovery hole WLTD015 and while previously interpreted to be close to the edge of the lens, it indicates that it is not yet closed off in this down-dip position. The thickness and grades recorded are well above the width and grade parameters determined in the Preliminary Economic Assessment for inclusion into a mine plan. Other recent massive sulphide intercepts on the margins of Kate Lens include: 9.85 of massive copper sulphides in two zones from 389.7m, WNDD0035 20.5m of polymetallic sulphides in 4 zones up to 11.1m wide from 346.7m, WNDD0037 19.4m of mostly copper sulphides from 379.4m, WNDD0038.

Heron Resources Limited Reports Results from the Second Phase of Diamond Drilling at its Woodlawn Project, Canberra Sydney, in New South Wales, Australia

Heron Resources Limited reported a results from the second phase of diamond drilling at its wholly owned Woodlawn Project, located 50km northeast of Canberra and 250km southwest of Sydney, in New South Wales, Australia. This drilling forms a key input into the fully funded Feasibility Study, which is expected to be completed in the first half of calendar year 2016. The Phase II drilling program at Woodlawn commenced in May and to date 14 holes having been completed for 5,350m. The initial part of the Phase II program has been designed to test the shallow mineralised positions that have the potential to provide easily accessible production in the early part of the future underground operation, as well as to perform the in- fill drilling required to upgrade the underground Mineral Resource. Kate Lens Extension: 7.1m @ 16.1% Zn, 0.9% Cu, 11.3% Pb, 3.5g/t Au, 254g/t Ag (40.6% ZnEq) from 340m, WNDD0029; 4.8m @ 7.6% Zn, 0.4% Cu, 0.9% Pb, 0.7g/t Au, 37.4g/t Ag (11.0% ZnEq) from 324m, WNDD0029. In addition, the 25m massive sulphide intercept in WNDD0033, which is the thickest polymetallic intercept recorded into Kate Lens to date, and sits outside the current Mineral Resource, is very encouraging and can be subdivided into three main zones: 5.8m of mostly polymetallic sulphides from 326.0m depth. 12.6m of mixed polymetallic and copper sulphides from 332.2m (bulked with intercept above on cross section). 8.9m of mostly polymetallic sulphides and minor copper sulphides from 351.1m. These intercepts demonstrate the excellent potential for additional mineralisation in the Kate Lens up-dip positions. One of the major faults traverses obliquely to the plane of the section and is likely to be related to the lens thickening in WNDD0033. This may either be through structural repetition or the faults may have been one of the early syn- depositional fluid conduits around which a greater mass of massive sulphides formed.

Heron Resources Limited Provides an Initial Update and the First Results from the Second Phase of Diamond Drilling at its Woodlawn Project, Canberra Sydney, in New South Wales, Australia

Heron Resources Limited provided an initial update and the first results from the second phase of diamond drilling at its wholly owned Woodlawn Project, located 50km northeast of Canberra and 250km southwest of Sydney, in New South Wales, Australia. This drilling is the next step to advance the underground project towards production and will form a key input into the Feasibility Study, which is fully funded and is expected to be completed in the first half of calendar 2016. The Phase II drilling program (comprising up to 19,000m) at Woodlawn has recently commenced with 13 holes having been completed for 4,200m, reflecting on-time and on-budget progress. The initial part of the Phase II program has been designed to test the shallow mineralised positions that have the potential to provide easily accessible production in the early part of the future underground operation, as well as to perform the in-fill drilling required to upgrade a portion of the 6.5Mt underground Mineral Resource to Indicated status. The Phase II program has confirmed the predicted up and down plunge extensions to the Kate Lens through the massive sulphide intercepts in WNDD0029, 31 and 32. In particular, the 20.3m intercept in WNDD0031 indicates the excellent potential for expansion of the lens down-plunge in the north-west direction. This area continues to be open for further extension and a follow-up hole WNDD0034 is currently being drilled. During Phase I drilling the Kate Lens downhole lengths were typically between 370m and 450m. To test for potential deeper extensions to Kate, the Phase II drillhole WNDD0030 has been completed to 700m, and intersected strong alteration. Downhole electromagnetic (DHEM) surveying will now be employed to define vectors to Kate Lens in this position, with a successful outcome having the potential to significantly expand the boundaries of Kate Lens beyond the current Mineral Resource outline. Away from Kate Lens, a high grade assay result of 33.9% ZnEq1 from 30m downhole over a 3m intersection from the shallow G Lens north position (WNDD0024) continues to provide a focus for early mine development with encouraging high grade base metals and gold/silver being recorded in a very shallow position. In a similar fashion the narrow intercepts in WNDD0026-27 in the top part of H Lens also have the potential to provide an early production source. The two holes targeting the Lisa Lens have returned mostly massive pyrite material and confirm the edge of lens position for these two holes. A program of DHEM is planned for the holes and is expected to provide several targets for follow-up, in both the shallow and deeper positions. Outside the main areas of known mineralisation, the Phase II programme also aims to test a number of more conceptual targets that, if successful, have the ability to significantly change the scope of the proposed mining operations at Woodlawn. One such target is the "southern DHEM anomaly" which sits to the south of C Lens. Hole WNDD0020W1 has been drilled to 709m depth and aims to provide a platform above the interpreted anomaly to allow the target to be refined using DHEM. A zone of moderate to intense sericite/silica/pyrite alteration in volcanic mudstones towards the end of the hole is encouraging and may be associated with a massive sulphide lens at depth. Assay results have been received for holes WNDD0021-24 with a number of significant intercepts being recorded: 3.1m @ 0.1% Zn, 1.7% Cu and 5.9g/t Ag (5.6% ZnEq) from 166.8m depth (E Lens south) WNDD0023; 3.0m @ 8.5% Zn, 3.5% Cu, 5.2% Pb, 6.3g/t Au and 161g/t Ag (33.9% ZnEq) from 30m depth (G Lens north) WNDD0024.

 

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