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Two of its assets, the Coburn and Mount Gunson projects were divested from Stuart Petroleum NL, formerly Stuart Metals NL but the other projects were initiated since listing. For asset locations, see map of Australia on front page. |
  
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Gunson Resources was named after one of its principal assets, the Mount Gunson copper exploration project in South Australia. Mount Gunson is a flat topped hill named in 1875 after Dr. John Michael Gunson (1822-1881) who was one of the first medical doctors in Adelaide. An Irishman, he was a pioneer member of the senate of Adelaide University and president of the Catholic Young Men's Society.
Total fully paid shares 119.7 million (M) made up of the following:
- 12.3M issued at IPO in May 2000, to Stuart Petroleum shareholders (1 new for 5 held) as payment for divesting their mineral assets
- 20M new 20 cent shares issued to public at IPO to raise $A4M*
- 0.4M - new 20 cent shares issued for the puchase of the Onslow Project in January 2001
- 4.4M - new shares at 30 cents each in November 2001 placement. Raised $1.3M
- 0.3M - excercise of unlisted 20 cent management options. Raised $60,000. November 2001
- 18.5M - placement and 10 million share SPP at 12.5 cents each. Raised $2.3 M. August 2003
- 8.1M - placement at 35 cents per share in February 2004. Raised $2.8 M
- 0.3M - excercise of unlisted 20 and 25 cent management options. Raised $71,000. February 2004
- 5.3M - placement at 26 cents per share in March 2005. Raised $1.4 M
- 0.2M - exercise of unlisted 20 cent options in March 2005. Raised $40,000
- 0.7M - SPP at 26 cents per share in April 2005. Raised $181,500
- 1.9M - exercise of unlisted management options in April 2005. Raised $386,000
- 4.4M - placement at 22 cents per share in July 2005, Raised $965,000
- 3.1M - placement as 24 cents per share in November 2005. Raised $760,000
- 3.8M - placement at 32 cents per share in February 2006. Raised $1.2M
- 1M - exercise of unlisted options at 20 cents per share in May 2006. Raised $0.2M
- 4.6M - placement at 35 cents per share in May 2006. Raised $1.6M
- 8.3M - placement at 28 cents per share in September 2006. Raised $2.3M
- 11.1M - placement at 27 cents per share in January 2007. Raised $3.0M
- 2.4M - entitlement issue at 20 cents, December 2007. Raised $478,000
- 47,500 shares at 20 cents each, for strategic financial services. February 2008
- 6.5M - placement at 14 cents per share in May 2008. Raised $0.9M
- 2M - placement at 15 cents per share in June 2008. Raised $0.3M
*Billiton took up 2.5M shares ($A0.5M) at IPO for Mount Gunson project expenditure.
Chairman:
William H Cunningham B.Com.
Bill Cunningham is a consultant in mineral commodities marketing with over 40 years experience in the mining industry, mainly with WMC Resources Limited and CRA Limited. Prior to leaving WMC in 1997, he was manager for that company’s Nickel Division intermediate products marketing. Since 1997, he has managed his own mineral marketing consultancy
Managing Director:
David N Harley BSc (Hons) MSc., F.Aus. I.M.M.
David Harley is a geologist with over 30 years experience in the mining industry, mostly in senior exploration management positions with WMC Resources Limited. He is the immediate past President of the Association of Mining and Exploration Companies, AMEC and was Chairman of Gallery Gold Ltd for 5 years until November 2003.
Non-Executive Director:
Peter C Harley B.Com., F.C.P.A
Peter Harley is an experienced manager and director with over 25 years association with a number of public and private companies. Peter is Chairman of iiNet Ltd and has been a non-executive director of Perilya Ltd since November 2003. He became non executive Chairman of Blaze International Ltd in September 2005.
None
27.6% Company Profile : Investors Information : Annual Report : Coburn - Environment Minister's Statement : News : Contact Details : Home
Projects: Coburn : Mt Gunson : Tennant Creek : Burkin : Fowler's Bay
