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Last A$0.03 AUD
Change Today 0.00 / 0.00%
Volume 40.0K
As of 10:17 PM 08/27/15 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
05/19/15 - A$0.08
52 Week Low
05/4/15 - A$0.01
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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
Chief Financial Officer and Company Secretary
Total Annual Compensation: A$62.4K
Financial Controller
Total Annual Compensation: A$106.1K
Director General of Variscan Mines
Total Annual Compensation: A$235.8K
Managing Director of Eastern Iron Limited
Total Annual Compensation: A$181.4K
Compensation as of Fiscal Year 2014.

variscan mines ltd (VAR) Key Developments

Variscan Mines Limited Appoints Mike Moore as Non-Executive Director

Variscan Mines Limited announced that Mr. Mike Moore has been appointed as a non-executive director of the company. Mr. Moore is a mining engineer from the Camborne School of Mines with over 15 years operational and executive management experience across a diverse range of commodities in Australia, West Africa and France. He has held senior and executive management roles with Rock Australia Mining & Civil Pty Ltd, Dyno Nobel Asia Pacific Ltd, Carnegie Minerals PLC and, more recently, with ASX listed Montezuma Mining Company Ltd. where he was CEO. Mr. Moore has previously been a director of Carnegie Minerals Gambia Ltd. and Cordier Mines SAS (France).

Variscan Mines Limited Announces Resignation of Alan Breen as Non-Executive Director

Variscan Mines Limited advised that Mr. Alan Breen has resigned as a non-executive director of the Company effective June 30, 2015 as he has recently committed to a new full time position based overseas.

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.


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