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AUSTAR GOLD LIMITED(AUL)

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Our website ranking of AUL: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Registry Services LEVEL 2, 267 St Georges Terrace,, PERTH, WA, AUSTRALIA, 6000

Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
Fax :
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000AUL8
Address: Level 6, 15 Astor Terrace Spring Hill, Qld 4000, Australia
Tel:  +61 7 3319 4120 Fax: 

Date first listed: 22/11/2006
Company Secretary: Toni Griffith
Sector: Materials Industry Group: XMJ
Activities: Gold exploration

News & Events

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OFX Transferring Money Internationally to Free

The securities of AuStar Gold Limited will be reinstated to Official Quotation as from the commencement of trading on Monday, 4 May 2020 following lodgement of its Quarterly Activities Report for period ended 31 March 2020.

04/05/2020

The company provides the following clarification by way of amendment to its recently released Quarterly Activities Statement: Concentrate production for the Quarter was 2.25 tonnes (2,250 kg), rather than 2,250 t as noted. Estimated contained gold (98 Oz) remains unchanged. The Company apologises for this typographical error. In accordance with Note 6.1 of the Company's Appendix 5B statement, it is noted that payments to directors as noted comprised a remittance to former Chairman Mr. Frank Terranova for accrued fees in relation to his period as an officer of the Company.

01/05/2020

The company lodges its March 2020 Quarterly Activities Report.

01/05/2020

suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 May 2020, following failure to lodge the relevant periodic report by the due date

01/05/2020

The suspension of trading in the securities of AuStar Gold Limited will be lifted immediately, following the release by AUL of an announcement regarding the issue of convertible notes.

03/04/2020

The company has completed the issue of convertible notes raising $1,400,000. The Funds Raised are expected to be fully settled on or before 7 April 2020 and will be used for mine productivity enhancements, in-mine drilling programs, processing enhancements and working capital purposes.

03/04/2020

The company releases its February operational update. Gold sales banked of $454,504 for the month of February including prior period concentrate processing. Gold shipped for the month totalled $617,581. Processing performance issues experienced in late 2019 have been resolved with above budget availability achieved by plant. 260 Oz fine gold and 30 Oz silver shipped for the month. A further 680 kg of gold bearing concentrate was produced in February containing an estimated 0.9 "“ 1.1kg Au. Concentrate from prior periods also remains to be processed. Both Stones and McNally reefs continued to perform with average feed grade of 11.7 g/t estimated for February. Production and mining outcomes into March have provided indications of consistent gold grades being won from targeted mining and part-stoping at McNallys.

31/03/2020

The company requires additional time to finalise the terms of the capital raising and voluntary suspension is expected to continue until the earlier of an announcement to the market in relation to a revised capital raising, or the commencement of trading on Friday 3 April 2020.

27/03/2020

The company requires additional time to finalise the terms of the capital raising and voluntary suspension is expected to continue until the earlier of an announcement to the market in relation to a revised capital raising, or the commencement of trading on Friday 28 March 2020.

23/03/2020

The company lodges its Half Year Accounts.

16/03/2020

The company requires additional time to finalise the terms of the capital raising and voluntary suspension is expected to continue until the earlier of an announcement to the market in relation to a revised capital raising, or the commencement of trading on Monday 23 March 2020.

13/03/2020

The company requires additional time to finalise the terms of the capital raising and voluntary suspension is expected to continue until the earlier of an announcement to the market in relation to a revised capital raising, or the commencement of trading on Friday 13 March 2020.

06/03/2020

The company requires additional time to finalise the terms of the capital raising and voluntary suspension is expected to continue until the earlier of an announcement to the market in relation to a revised capital raising, or the commencement of trading on Friday 6 March 2020.

26/02/2020

The company releases its January operational update. Gold sales of $726,202 banked for the month of January with a substantial concentrate contribution from both prior periods and this month remaining to be refined. Prior processing performance issues have been resolved with good uptime being achieved by plant. 319 Oz fine gold and 43 Oz silver produced and sold for the month. A further 750 kg of gold bearing concentrate was produced containing an estimated 1.2 "“ 1.5kg Au. Both Stones and McNally reefs continued to perform with average feed grade of >15g/t estimated for the month.

20/02/2020

The company lodges its December 2019 Quarterly Activities Report.

19/02/2020

The company requires additional time to finalise the terms of the capital raising and voluntary suspension is expected to continue until the earlier of an announcement to the market in relation to a revised capital raising, or the commencement of trading on Wednesday 26 February 2020.

14/02/2020

The company previously announced that it will issue a new prospectus to raise capital for the ongoing development of the existing operations. The company requires additional time to finalise the terms of the capital raising and voluntary suspension is expected to continue until the earlier of an announcement in relation to a revised capital raising, or the commencement of trading on 14 Februray 2020.

07/02/2020

The company lodges its Quarterly Cashflow Report.

31/01/2020

The company requires additional time to finalise the terms of the capital raising and voluntary suspension is expected to continue until the earlier of an announcement to the market in relation to a revised capital raising, or the commencement of trading on Friday 7 February 2020.

31/01/2020

The company issues a supplementary prospectus intended to be read with the prospectus dated 12 December 2019.

22/01/2020

The Agreement to acquire all of the debt owed by Centennial Mining Limited (subject to DOCA) and Maldon Resources Pty Limited (subject to DOCA) from Mining Lending Pty Limited will not be progressing; and The Company will not be proceeding with the deed of company arrangement for the acquisition of the Centennial or Maldon assets. The Company is withdrawing all Offers under the Prospectus which sought to raise funds to meet the DOCA contribution and to satisfy the additional capital raising condition precedent under the DOCA. The Company intends to issue a new Prospectus to raise capital for the ongoing development of its existing tenement portfolio through exploration and mine development.

22/01/2020

Circumstances have changed regarding the Centennial Mining Acquisition and AuStar intends today to announce the withdrawal of all offers under the Prospectus by means of submission of a Supplementary Prospectus to ASIC and will not be proceeding with the acquisition of Centennial Mining and its subsidiaries. The announcement will also advise the intention of the Company to issue a new prospectus to raise capital for the ongoing development of the existing operations. AuStar requests an extension to the voluntary suspension to provide the Company with additional time to complete the terms of the revised capital raising. The proposed voluntary suspension is expected to last until the commencement of trading on Friday 31 January 2020. AuStar expects at the end of the suspension to be in a position to announce a revised Capital Raising.

22/01/2020

The securities of AuStar Gold Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of AUL, pending the release of an announcement regarding its debt acquisition and Placement Offer announced on 13 January 2020.

20/01/2020

The deferred line of securities of AuStar Gold Limited (ASX Code: AULNB) will be suspended from quotation immediately, in accordance with Listing Rule 17.3, following the Company's announcement dated 13 January 2020 in relation to the withdrawal of the entitlement offer made under prospectus lodged with the Australian Securities and Investments Commission on 12 December 2019. The Company's ordinary shares (ASX Code: AUL) are not affected by the suspension.

14/01/2020

The deferred line of securities of AuStar Gold Limited (ASX Code: AULOE) will be suspended from quotation immediately, in accordance with Listing Rule 17.3, following the Company's announcement dated 13 January 2020 in relation to the withdrawal of the entitlement offer made under prospectus lodged with the Australian Securities and Investments Commission on 12 December 2019. The Company's ordinary shares are not affected by the suspension.

14/01/2020

we understand that on or about this date the company consolidated its shares 1 for 100

11/12/2019

The suspension of trading in the securities of AuStar Gold Limited will be lifted immediately, following the release by AUL of an announcement regarding a capital raising.

05/12/2019

Austar to raise up to $7.5M through an equity raising comprising: a placement raising $2.5M; and a 1 for 2 pro rata non renounceable entitlement offer to raise up to $5M. Funds raised will be used to complete the Centennial Mining acquisition, fund mine development and capital works, accelerate regional exploration and provide working capital for further growth initiatives.

05/12/2019

The suspension of the company's securities is expected to last until the commencement of trading on 9 December 2019, or Austar releasing an announcement in relation to the capital raising, whichever occurs earlier.

02/12/2019

The company provides an update on the consolidation of its securities. Shareholders approved the consolidation at the Annual General Meeting held on 29 November 2019.

02/12/2019

The company releases the results of its meeting.

29/11/2019

The company provides an update to the consolidation of its securities. The company changed the Record Date for the consolidation to 4 December 2019 and made consequential amendments to the timetable.

27/11/2019

The company confirms completion of transaction conditions precedent pursuant to the DOCA approved by Centennial creditors on 15 November as follows: Centennial Mining Limited has obtained an order from the Court pursuant to section 444GA of the Corporations Act 2001 approving the Proposed Acquisition of CTL by AUL; and ASIC has granted the Administrator, KordaMentha relief from section 606 of the Corporations Act 2001 to enable the completion of share and option transfers as contemplated by the DOCA.

26/11/2019

The company releases a notification of consolidation. Shareholders will get 1 for every 100 presently owned.

26/11/2019

At the meeting of creditors of Centennial Mining and Maldon Resources held on 15 November 2019, creditors unanimously approved the proposed DOCAs of both companies. AuStar Gold continues to expeditiously progress the completion of the transaction and has accelerated post-merger integration planning activities.

18/11/2019

The securities of AuStar Gold Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of AUL, pending the release of an announcement regarding a potential capital raising.

18/11/2019

The suspension of trading in the securities of AuStar Gold Limited will be lifted immediately following the release by AUL of an announcement regarding its agreement to acquire Centennial Mining Limited.

03/09/2019

The company has reached agreement to acquire via merger 100% of Centennial Mining Limited, owner of the A1 Gold Mine near Woods Point and the Maldon CIL processing plant near Bendigo, Victoria, via implementation of a Deed of Company Arrangement over CTL (and subject to CTL creditor approval). The acquisition will deliver significant regional consolidation, substantially increasing the Company's ore resources while delivering very substantial expected corporate synergies. The completion of the acquisition is subject to several conditions precedent including AuStar obtaining any required shareholder approvals under the ASX Listing Rules, fundraising (to a minimum of $4.4m), consolidation of the Company's securities (as previously announced 17 July 2019) and completion of DOCA formalities. A meeting of CTL creditors approved the DOCA on 27 August 2019. AuStar will contribute $2.4 million to the DOCA closure, alongside other stakeholders including DOCA proponents Avior Consulting and the Gandel Metals, and issue up to 24,982,946 (post consolidation) shares to Centennial shareholders (excluding AuStar), equivalent to 31.7% of the post-Acquisition issued capital of AUL. The company intends to invite all AuStar shareholders to participate in an Entitlement issue. Complete details of the Entitlement issue are expected to be provided shortly, including the relevant record date. The Entitlement issue is expected to be wholly or partially underwritten and will be designed to provide all AuStar shareholders with an opportunity to increase their holding in the company on reasonable and attractive terms.. Both Gandel Metals and Avior Consulting have advised AuStar of their intention to participate in any AuStar capital raising program to a level of at least A$900,000. Further, certain AuStar directors and staff expect to contribute to any such raising, subject to shareholder approval. Discussions with underwriters and other key stakeholders are well advanced.

03/09/2019

The company requests an extension of the voluntary suspension of its securities until the commencement of trading on 2 September 2019 or AuStar releasing an announcement in relation to the potential acquisition and a potential capital raising, whichever occurs earlier.

28/08/2019

The company expects the suspension to last until the commencement of trading on 28 August 2019 or AuStar releasing an announcement to the market in relation to the potential acquisition and a potential capital raising, whichever occurs earlier.

26/08/2019

The company requests an extension of the voluntary suspension of its securities which is expected to last until the commencement of trading on 26 August 2019 or Austar releasing an announcement to the market in relation to a corporate acquisition and a potential capital raising, whichever occurs earlier.

19/08/2019

The company requests an extension of the voluntary suspension of its securities. The suspension is expected to last until the commencement of trading on 19 August 2019 or Austar releasing an announcement to the market in relation to a corporate acquisition and a potential capital raising, whicever occurs earlier.

12/08/2019

The company requests an extension of the voluntary suspension of its securities. The suspension is expected to last until the commencement of trading on 12 August 2019 or Austar releasing an announcement in relation to a corporate acquisition and potential capital raising.

05/08/2019

The company lodges its Quarterly Activities Report and Quarterly Cash Flow Report.

31/07/2019

The securities of AuStar Gold Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of AUL, pending the release of an announcement regarding a corporate acquisition and a potential capital raising.

31/07/2019

The suspension of trading in the securities of AuStar Gold Limited will be lifted immediately, following the release by the Company of an announcement regarding a capital raising.

13/08/2018

The company has successfully arranged a placement of A$5.5m to fund development and further exploration at the Company's Morning Star and Rose of Denmark gold mines and for future growth initiatives. The Company is also providing an opportunity for existing shareholders to participate through a Share Purchase Plan, on identical terms to the placement.

13/08/2018

The securities of AuStar Gold Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of the Company, pending the release of an announcement regarding a capital raising.

10/08/2018

name changed from Mantle Mining Corporation Ltd

18/12/2017

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    01/10/2020Philip Amery17,586$0.408$7,177
    04/08/2020Philip Amery12,890$0.250$3,223
    02/06/2020Philip Amery17,000$0.295$5,015
    04/05/2020Philip Amery8,000$0.256$2,046
    09/04/2020Philip Amery5,000$0.297$1,484

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Philip AmeryChairman04/04/2019
    Paul McNallyDeputy Chairman24/07/2019
    Bill FrazerCEO28/10/2019
    Toni GriffithCFO28/10/2019
    Matthew GillNon Exec Director22/08/2016
    Christopher WellesleyNon Exec Director17/12/2018
    Peter deVriesExecutive24/07/2019

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Frank TerranovaExecutive Chairman03/08/201831/01/2020
    Tom de VriesCEO10/04/201724/07/2019
    Ian KingNon Exec Director23/06/201624/07/2019
    Richard ValentaNon Exec Director26/07/201604/04/2019
    Robert BarraketNon Exec Chairman23/06/201601/08/2017
    Ian KraemarManaging Director04/02/200822/08/2016
    Stephen de BelleNon Exec Director03/07/200622/07/2016
    Martin BlakemanChairman22/11/200623/06/2016
    Peter AndertonExecutive Director22/11/200629/01/2015

    Date of first appointment, title may have changed.