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HERON RESOURCES LIMITED (HRR)


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General Information
Company Name: Heron Resources Limited
Stock Code: HRR
Website: www.heronresources.com.au
GICS Sub-Industry: Gold
Market Cap ($M): 38
Equiv. Shares (M): 253

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.150 $ 0.150 $ 0.150 $ 0.150 $ 0.150 5,000 0%

Company Overview

Business Description:
Heron Resources Limited (HRR) is a mineral resources company focusing on exploration and development of portfolio projects in Australia.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -5.8 -2.3 -- 0.0 0.0 0.0 --
2011  A -14.3 -5.7 -- 0.0 0.0 0.0 --
2010  A -7.5 -3.0 -- 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) $588 M -- 0.2450 0.2095 11.9597 9.6065 7.9426 0.0000 0.0108 0.0229
Heron Resources (HRR) $38 M -- -- -- -- -- -- 0.0000 -- --
Newcrest Mining (NCM) $11,513 M -0.0378 -0.4475 0.0889 10.6156 19.2121 17.6436 0.0233 0.0215 0.0233
OZ Minerals (OZL) $1,244 M -0.6077 -0.5926 1.2746 9.8439 24.1603 10.6218 0.0732 0.0255 0.0437
Regis Resources (RRL) $1,760 M 0.7775 1.2655 0.3111 24.3742 10.7589 8.2058 0.0000 0.0541 0.0791

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
HRR 1.78 -- 0.67 -- --
Market 1.13 13.2 0.92 2.50 2.58
Sector 0.56 8.96 0.71 1.83 6.67

Directors
Name Position Start Date
Mr Ian James Buchhorn Managing Director 17 February 1995
Mr Craig Leslie Readhead Non-Executive Chairman 23 November 2001
Mr Stephen Bruce Dennis Non-Executive Director 06 December 2006

Management
Name Position
Bryan Horan Chief Financial Officer,Company Secretary
David Von Perger Exploration Manager

Substantial Shareholders
Holding Name
45,436,240 (17.96%) Ian J Buchhorn & Associated parties
32,440,651 (12.82%) Inco Limited
20,797,052 (8.22%) MBM Corporation Pty Ltd & Chaos Investments Pty Limited
37,577,126 (14.85%) BHP Minerals Holdings Pty Ltd

Calendar of Events
Date Event
29 April 2014 Report (Quarterly)
30 January 2014 Report (Quarterly)
29 October 2013 Report (Quarterly)
17 October 2013 Report (Annual)
26 September 2013 Report (Annual)
29 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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