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eastern iron ltd (EFE) Snapshot

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52 Week High
03/11/14 - A$0.07
52 Week Low
11/28/13 - A$0.03
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eastern iron ltd (EFE) Details

Eastern Iron Limited is engaged in the exploration for and delineation of iron ore, precious, and base metals resources in Australia/Asia Pacific region. It also explores for copper deposits. The company primarily holds a 100% interest in the Nowa Nowa Iron Project located in Eastern Victoria. It also maintains a portfolio of iron ore assets in Central Queensland. The company was incorporated in 2007 and is based in St Leonards, Australia.

Founded in 2007

eastern iron ltd (EFE) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: A$260.5K
Financial Controller
Total Annual Compensation: --
Company Secretary
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

eastern iron ltd (EFE) Key Developments

Eastern Iron Limited Announces the Resignation of Greg De Ross as Managing Director

The Board of Eastern Iron Limited announced the resignation from the Board of Managing Director, Mr. Greg De Ross effective as of July 31, 2014. Mr. De Ross has agreed to continue with the company in a part time capacity as Chief Executive Officer. Mr. De Ross will be retained in his new position on a reduced remuneration package which is also consistent with the company's desire to reduce total fixed cost expenditure.

Eastern Iron Limited, Annual General Meeting, Nov 26, 2013

Eastern Iron Limited, Annual General Meeting, Nov 26, 2013., at 14:00 AUS Eastern Standard Time. Location: Office of BDO East Coast Partenership, Level 11. Agenda: To consider the financial statement and report; to consider adoption of the remuneration report; to consider re-election of a Directors; to consider ratification of a previous issue of shares; to consider grant of options to managing director; and to consider issue of shares up to 10% of the company's issued capital.

Eastern Iron Limited Announces Consolidated Financial Results for the Half Year Ended December 31, 2012

Eastern Iron Limited announced consolidated financial results for the half year ended December 31, 2012. For the period, the company reported revenue of AUD 504,342 compared to AUD 108,712 a year ago. Loss before income tax expense was AUD 63,854 compared to AUD 479,099 a year ago. Loss after income tax expense was AUD 63,854 or 0.06 cents per basic and diluted share compared to AUD 479,099 or 0.71 cents per basic and diluted share a year ago. Net cash used in operating activities was AUD 36,547 compared to AUD 425,145 a year ago. Purchase of fixed assets was AUD 1,800 compared to AUD 7,462 a year ago. Expenditure on mining interests (exploration) was AUD 743,614 compared to AUD 1,338,559 a year ago.


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