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Last A$0.02 AUD
Change Today 0.00 / 0.00%
Volume 25.0K
As of 10:29 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

variscan mines ltd (VAR) Snapshot

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52 Week High
09/24/14 - A$0.04
52 Week Low
12/5/14 - A$0.02
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Current Stock Chart for VARISCAN MINES LTD (VAR)

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variscan mines ltd (VAR) Details

Variscan Mines Limited explores and develops mineral properties in Europe and Australia. The company operates through Exploration and Investing segments. It primarily focuses on base metals, such as copper, lead, zinc, and nickel; precious metals comprising gold and silver; iron ore; coal; tin; tungsten; and uranium, as well as phosphate and potash projects. The company holds interest in the Saint Pierre and Tennie exploration licenses located in France. It also owns interest in Olary, Broken Hill, and Euriowie blocks of Curnamona Craton located in South Australia; and the Ghost Rider and Achilles projects of the Lachlan Orogen in New South Wales. The company was formerly known as PlatSearch NL and changed its name to Variscan Mines Limited in January 2014. Variscan Mines Limited was incorporated in 1987 and is based in St Leonards, Australia.

Founded in 1987

variscan mines ltd (VAR) Top Compensated Officers

Chief Executive Officer, Managing Director, D...
Total Annual Compensation: A$256.9K
Financial Controller
Total Annual Compensation: A$106.1K
Chief Executive Officer of Variscan Mines SAS
Total Annual Compensation: A$235.8K
Company Secretary
Total Annual Compensation: A$62.4K
Business Development Manager
Total Annual Compensation: A$196.7K
Compensation as of Fiscal Year 2014.

variscan mines ltd (VAR) Key Developments

Variscan Mines Limited Reports Consolidated Earnings Results for the Half Year Ended December 31, 2014

Variscan Mines Limited reported consolidated earnings results for the half year ended December 31, 2014. For the half year, the company reported revenue and other income was AUD 169,604 against AUD 1,498,509 for the same period a year ago. Loss before income tax expense was AUD 2,152,036 against AUD 2,055,504 a year ago. Loss after income tax was AUD 2,685,380 against AUD 1,894,731 a year ago. Loss attributable to owners of the parent was AUD 2,718,164 or 1.53 cents per basic and diluted share against AUD 1,619,760 or 1.04 cents per basic and diluted share a year ago. Net cash flows used in operating activities was AUD 1,026,774 against AUD 676,675 a year ago. Purchases of plant and equipment were AUD 52,725 against AUD 43,536 a year ago. Exploration and business development expenditure was AUD 576,894 against AUD 1,891,004 a year ago.

Variscan Mines Limited, Annual General Meeting, Nov 27, 2014

Variscan Mines Limited, Annual General Meeting, Nov 27, 2014., at 15:30 AUS Eastern Standard Time. Location: BDO East Coast Partnership, Level 11. Agenda: To receive the reports of the directors and auditors, and the financial report for the year ended June 30, 2013; to consider remuneration report; to consider re-election of directors; to consider the election of director; to consider the grant of options to Managing Director, Gregory Jones; to consider the grant of options to Executive Director, Jack Testard; to consider the grant of options to Non-Executive Director, Patrick Elliott; to consider the grant of options to Non-Executive Director, Kwan Chee Seng; to consider the grant of options to Non-Executive Director, Foo Fat Kah; to consider the grant of options to Non-Executive Director, Alan breen; and to consider the issue of shares up to an additional 10% of the company's issued capital.

Variscan Mines Limited Appoints Jack Testard as Executive Director

Variscan Mines Limited announced that Dr. Jack Testard has been appointed as an Executive Director of the company. Dr. Testard is President of Variscan Mines SAS, based out of Orleans, France. Dr. Testard is a French geologist with over 40 years of experience in Europe, Africa, CIS countries, Turkey, Saudi Arabia and Guyana. Jack was formerly Head of the Minerals Resources Division of the BRGM (Bureau de Recherches Géologiques et Minières - the French Geological Survey), President of GIP GEODERIS and Manager of the Ovacik gold mine in Turkey under Normandy La Source. He is currently President of the French Chamber of Mines, Treasurer of the Federation of Minerals and Non Ferrous Metals (FEDEM) and a Director of the Société de l'Industrie Minérale (SIM).


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