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variscan mines ltd (VAR) Snapshot

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08/19/13 - A$0.06
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05/9/14 - A$0.03
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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. It primarily focuses on base metals, such as copper, lead, zinc, and nickel; precious metals comprising gold and silver; iron ore; and uranium. The company holds interest in the Tennie exploration license located in Brittany, France. It also owns interest in Olary, Broken Hill, and Euriowie blocks of Curnamona Craton located in far western New South Wales and eastern South Australia; and the Ghost Rider and Achilles projects of the Lachlan Orogen in central 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.

5 Employees
Last Reported Date: 09/27/13
Founded in 1987

variscan mines ltd (VAR) Top Compensated Officers

Chief Executive Officer, Managing Director, D...
Total Annual Compensation: A$252.3K
Financial Controller
Total Annual Compensation: A$121.9K
Chief Executive Officer of Variscan Mines SAS
Total Annual Compensation: A$194.8K
Executive Director and President of Variscan ...
Total Annual Compensation: A$76.4K
Company Secretary
Total Annual Compensation: A$61.8K
Compensation as of Fiscal Year 2013.

variscan mines ltd (VAR) Key Developments

Variscan Mines Limited Appoints Jack Testard as Executive Director

Variscan Mines Limited announced that Dr. Jack Testard has been appointed as an Executive Director of the company. Dr. Testard is President of Variscan Mines SAS, based out of Orleans, France. Dr. Testard is a French geologist with over 40 years of experience in Europe, Africa, CIS countries, Turkey, Saudi Arabia and Guyana. Jack was formerly Head of the Minerals Resources Division of the BRGM (Bureau de Recherches Géologiques et Minières - the French Geological Survey), President of GIP GEODERIS and Manager of the Ovacik gold mine in Turkey under Normandy La Source. He is currently President of the French Chamber of Mines, Treasurer of the Federation of Minerals and Non Ferrous Metals (FEDEM) and a Director of the Société de l'Industrie Minérale (SIM).

Variscan Mines Limited Reports Audited Consolidated Earnings Results for the Half Year Ended December 31, 2013

Variscan Mines Limited reported audited consolidated earnings results for the half year ended December 31, 2013. For the year, the company reported revenue and other income was AUD 1,498,509 against AUD 898,271 for the same period a year ago. Loss before income tax expense was AUD 2,055,504 against AUD 1,549,812 a year ago. Loss after income tax was AUD 1,894,731 against AUD 1,301,403 a year ago. Loss attributable to owners of the parent was AUD 1,894,731 or 1.04 cents per basic and diluted share against AUD 1,301,403 or 0.72 cents per basic and diluted share a year ago. Net cash flows used in operating activities was AUD 676,675 against AUD 731,691 a year ago. Purchases of plant and equipment were AUD 43,536 against AUD 76,804 a year ago. Exploration and business development expenditure was AUD 1,891,004 against AUD 1,130,588 a year ago.

Variscan Mines Limited Announces Resignation of Mr. Kantilal Champaklal as Alternate Director

Variscan Mines Limited announced that Mr. Kantilal Champaklal, alternate director to Mr. Kwan Chee Seng, has resigned due to business commitments.


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