Discovering & developing world class ore bodies
With 100% ownership of one of the world’s largest undeveloped nickel laterites, excellent exploration projects, low overheads and $39.6M cash and $3.3M in listed equity, Heron represents enormous medium to long‐term value.
Excellent exploration portfolio
Heron continues to add to its 100% owned exploration portfolio, through targeted Copper-Gold tenement applications in premium exploration belts in Australia- Lachlan Fold Belt NSW and Cloncurry NW Queensland, and well funded exploration at Nickel-Copper-PGM sulphide projects and Gold projects in WA.
The Heron team have a strong track record in sustained shareholder value creation. Heron holds over $43 million in cash and listed equity investments, largely due to divestment of former exploration projects and are in a strong position to take advantage of opportunities as they arise, in particular merger and acquisition to fast track production.
Heron has had 16 years of sustained Shareholder value creation, and through divestment of former exploration projects, has resulted in its current strong cash position of $39.6M.
Kalgoorlie Nickel Project
The total combined nickel laterite resource base of the Kalgoorlie Nickel Project (KNP) is updated to an estimate of 795.6 million tonnes grading approximately 0.70% nickel and 0.048% cobalt (approximately 5.6 million tonnes of contained nickel metal, 0.38 million tonnes of contained cobalt metal) (see announcement 21 Oct 2013)
These resources form the basis of ongoing metallurgical and mining studies, including the Simulus and Direct Nickel research projects, which aim to significantly reduce the capital and operating cost of processing KNP nickel laterite mineralisation.
Potential to produce 37,000 tpa nickel in intermediate product over a 35 year mine life.
2013 Annual Report
In 2013 with a strong cash position the company is not constrained when opportunities arise.
At $0.17 per Share cash + shares asset value, the company is in a robust proposition together with the high quality exploration assets added to their Kalgoorlie Nickel Project, 100% ownership, which is one of the world’s largest undeveloped nickel laterites, with >$100 billion in-ground metal value.
For full details of Heron's work during the 2013 year please see link below: