HAWTHORN RESOURCES LIMITED (HAW)



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General Information
Company Name: Hawthorn Resources Limited
Stock Code: HAW
Website: www.hawthornresources.com
GICS Sub-Industry: Gold
Market Cap ($M): 15
Equiv. Shares (M): 171

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.095 $ 0.090 $ 0.095 $ 0.090 $ 0.090 23,003 $ 0.005  5.556 %

Company Overview

Business Description:
Hawthorn Resources Limited (HAW) is an Australian diversified minerals exploration company with tenement holdings and joint ventures primarily focussed in the Kalgoorlie District of the Eastern Goldfields of Western Australia. Hawthorn’s exploration effort remains focussed on the progression of its portfolio of gold tenements towards production.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -1.8 -1.8 -- 0.0 0.0 0.0 --
2011  A -1.7 -2.0 -- 0.0 0.0 0.0 --
2010  A -2.5 -3.5 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
Evolution Mining (EVN) $559 M -- 0.2450 0.2095 11.3833 9.1435 7.5598 0.0000 0.0114 0.0241
Hawthorn Resources (HAW) $15 M -- -- -- -- -- -- 0.0000 -- --
Newcrest Mining (NCM) $11,160 M -0.0378 -0.4472 0.0885 10.2905 18.6165 17.1033 0.0240 0.0221 0.0240
OZ Minerals (OZL) $1,253 M -0.6077 -0.5938 1.2807 9.9160 24.4090 10.7023 0.0726 0.0252 0.0434
Regis Resources (RRL) $1,722 M 0.7775 1.2675 0.3100 23.8472 10.5171 8.0284 0.0000 0.0552 0.0808

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
HAW -- -- 0.80 -- --
Market 1.08 13.3 0.91 2.59 2.57
Sector 0.59 9.02 0.70 2.13 7.50

Directors
Name Position Start Date
Mr Mark Edward Elliott Executive Director,Chief Executive Officer,Managing Director 22 November 2007
Mr Mark Gregory Kerr Non-Executive Chairman,Non-Executive Director 22 November 2007
Dr David Stuart Tyrwhitt Non-Executive Director 01 January 1996
Mr Liao Yongzhong Non-Executive Director 30 October 2012
Mr Li Yijie Non-Executive Director 30 October 2012
Mr Ye Xiaohui Non-Executive Director 30 April 2013

Management
Name Position
Mourice Reginald Garbutt Company Secretary

Substantial Shareholders
Holding Name
326,187,572 (15.26%) Mark G Kerr
251,500,000 (11.77%) Legacy Iron Ore Limited

Calendar of Events
Date Event
29 April 2014 Report (Quarterly)
29 January 2014 Report (Quarterly)
30 October 2013 Report (Quarterly)
30 October 2013 Report (Annual)
30 July 2013 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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