ELMORE LTD (ELE)

The Company announces its intention to rely on the ASIC Corporations (Externally Administered Bodies) Instrument 2015/251 to enable the Company to obtain relief from its Part 2M.3 obligations for a period of 6 months from the date of the administrators' appointment.

Shareholders in this company should consider crystallising a capital loss in 2023/24 by selling their shares. This process is now much easier and quicker. It can be achieved online by entering transaction details here. While, this usually makes good economic sense we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

Richard Tucker and John Bumbak of KordaMentha were appointed as Receivers and Managers of each company in the Group on 16 February 2024 pursuant to security interests duly registered on the Personal Property Securities Register. Receivers and Managers are now in control of the Group's assets, undertakings and operations. The Receivers and Managers are conducting an urgent assessment of the Company's financial position as operations continue. The Receivers and Managers will commence a process to market the Company and its assets for sale and recapitalisation opportunities in the coming weeks. Interested parties should contact the Receivers and Managers to lodge an expression of interest.

Martin Jones, Matthew Woods, and Clint Joseph, of KPMG have been appointed as Voluntary Administrators of the Companies.

On 24 January 2024, ASX informed Elmore that it will not consider reinstating Elmore's shares to trading until after Elmore has: lodged its quarterly activities and cash flow report for the period ended 31 December 2023; lodged its reviewed half year accounts for the half year ended 31 December 2023; provided detailed submissions to ASX on Elmore's proposed level of activities and how it intends to fund those proposed activities for the next 6 to 12 months having regard to Elmore's actual operations and financial performance (including operating cashflows) to date; and provided to ASX a pro forma which clearly demonstrates Elmore's working capital and financial position is sufficient to support the Company's planned activities (having regard to Elmore's actual operating results to date), and ASX is satisfied that Elmore is in compliance with ASX Listing Rule 12.2 in relation to its financial condition. The Quarterly Report is required to be lodged with ASX by 31 January 2024. Elmore has every expectation of lodging its Quarterly Report on or by 31 January. Elmore wishes to remind shareholders that its SPP which opened on Monday, 22 January 2024 is scheduled to close on Friday, 9 February 2024.

Elmore has successfully completed a multi-million dollar plant upgrade to its high-grade magnetite circuit at the Elmore owned Peko Iron Ore Project in Tennant Creek, Northern Territory. After a three-week maintenance shutdown period, the Peko Project magnetite circuit restarted in December 2023 and has successfully ramped up to produce magnetite at the daily rates. The Company continues to target the plant capacity production rate of 1,000 wet metric tonnes (wmt) per day, subject to the recent flooding on site being drained, and it being safe to start processing activities. Magnetite grade has averaged between 64.4 "“ 65.2% Fe with further minor modifications expected to increase product grade to be consistently above 65.0% Fe. The A$1.5m placement that was announced to the ASX on 22 June 2023 has completed. All resolutions put to Elmore shareholders at the Annual General Meeting were passed as announced to the ASX on 16 January 2024. This marks the successful completion of the Company's recapitalisation process other than the Share Purchase Plan to raise up to a maximum of A$5.0 million which opened on Monday, 22 January, and is scheduled to close at 5.00pm (Perth time) on Friday, 9 February.

The company releases an Appendix 3G notification of issue of unlisted options.

The company releases a notification regarding unquoted securities.

The company releases a notice of application for quotation of securities.

The company releases a notice of proposed issue of securities.

The company releases a notice of cancellation of proposed issue of securities.

The company releases an updated notice of proposed issue of securities.

The company releases the results of its meeting.

On the 20 December 2023 the Company announced the Share Purchase Plan letter. The Company would like to advise that there was an error in the figures and the table in that announcement is replaced. The exercise price of the SPP Options is $0.001, not $0.015 as was contained in the earlier announcement.

The Company issues a prospectus for the following Offers: 300,000,000 Shares and 30,000,000 Placement Options (being 1 Placement Option for every 10 Shares issued) to certain sophisticated and professional investors at $0.005 per Share, subject to Shareholder approval; 1,689,000,000 Shares and 168,900,000 Investor Loan Options (being 1 Investor Loan Option for every 10 Shares issued) to certain sophisticated and professional investors on the conversion of a total of $8.445 million under the June Investor Loans and November Investor Loans advanced to the Company at $0.005 per Share, subject to Shareholder approval; 960,000,000 Shares and 96,000,000 Debt Conversion Options (being 1 Debt Conversion Option for every 10 Shares issued) in relation to existing debts owed by the Company to be settled via the conversion of a total of $4.8 million into Shares at $0.005 per Share, subject to Shareholder approval; 30,000,000 Bridge Loan Options to Tiga Trading Pty Ltd in accordance with the Bridge Loan Agreement, subject to Shareholder approval; 362,500,000 Shares and 36,250,000 Bridge Conversion Options (being 1 Bridge Conversion Option for every 10 Shares issued) to Tiga on the conversion of a total of $1.8125 million under the Bridge Loan and $312,500 in extension fees, subject to Shareholder approval; 97,400,000 Director Shares at $0.005 per Director Share and 9,740,000 attaching Director Options (being 1 Director Option for every 10 Shares issued) to the Directors in lieu of outstanding Director fees, subject to Shareholder approval; 70,000,000 Armada Shares and 7,000,000 Armada Options (being 1 Armada Option for every 10 Armada Shares issued) to Armada Accountants Pty Ltd for the part payment of fees outstanding at $0.005 per Share, subject to Shareholder approval; up to 1,000,000,000 SPP Shares to Eligible Shareholders at $0.005 per SPP Share under a share purchase plan to raise up to $5 million (before costs) and one SPP Option for every 10 SPP Shares subscribed for under the SPP; and up to 1,000,000,000 Shares at $0.005 per SPP Share and 100,000,000 SPP Options will make up a separate offer for any Shares not subscribed for under the SPP Offer and will form the Shortfall. The offer to issue the Shortfall is subject to Shareholder approval.

The company releases details about a share purchase plan being offered to its shareholders. The SPP aims to raise up to a maximum of $5,000,000 (before costs). The offer is not underwritten. Under this, each eligible shareholder can apply for up to $30,000 worth of shares at an offer price of $0.005 for each SPP share, without incurring brokerage or other transaction costs. For every 10 SPP shares subscribed for, each eligible shareholder will receive one attaching option, each with an exercise price of $0.015 and an expiry date 18 months from the date of issue. Upon exercise, each SPP option will entitle the holder to 1 share.

The company will be convening an AGM to be held at Armada Accountants & Advisors, 18 Sangiorgio Court, Osborne Park WA on Monday 15 January 2024 at 4:00 pm (AWST).

The company releases a notice of proposed issue of securities.

The company releases a cancelation notice of proposed issue of securities.

Elmore is pleased to advise that it will be providing existing eligible shareholders with the opportunity to participate in a revised SPP to raise up to a maximum of A$5 million, on the following terms and conditions. Under the SPP, eligible shareholders will be invited to apply and subscribe for fully paid ordinary shares in the capital of Elmore without incurring any brokerage or other charges at an offer price of A$0.005 (0.5 cents) per share, together with 1 unlisted option to subscribe for a share for every 10 shares subscribed. Each SPP Option is exercisable at A$0.01 (1.0 cent) within 18 months from the date of issue. The SPP will be open to eligible shareholders, being shareholders who were registered holders of Elmore shares at 5.00pm AWST on Tuesday, 12 December 2023 and whose registered address is in Australia or New Zealand.

The company lodges its Annual Report to shareholders.

The Company has executed the following legal documentation in relation to the financing agreements announced to the ASX on 23 October 2023: binding documentation for the restructure of the finance arrangement with the vendor of the Peko Iron Ore Project, Oz Professionals 4 Pty Ltd; and security documentation delivered as conditions subsequent pursuant to the terms of the magnetite pre-payment advance with its existing offtake partner, Royal Advance (H.K.) Investment Pty Ltd and for the Vendor Finance Restructure. The execution of the Vendor Finance Documentation and the Royal Advance Security Documentation was a condition precedent for the settlement of the following funding arrangements: the investor loans as announced to the ASX on 6 November 2023; and US$1.5m Tranche 2 and US$2.0m Tranche 3 of the Pre-Payment from Royal Advance as announced to the ASX on 23 October 2023. Settlement of the November Investor Loans and Tranche 2 of the PrePayment are anticipated to take place within a week of this announcement. Drawdown of Tranche 3 of the Pre-Payment is available on 14 days' written notice by the Company to Royal Advance.

The company releases a notice of proposed issue of securities.

The Company is also pleased to advise that it now has A$4.05 million of available funding as a result of the following agreed binding commitments: A$2.24 million will be advanced by way of loans that will convert into ordinary shares in the Company at 0.50 cents per share; and A$1.81 million of funds will be available to the Company as a result of the conversion of the A$1.5 million bridge loan provided by Thorney Investment Group announced 22 June 2023 to ordinary shares in the Company at the Offer Price. The Bridge Loan was previously not convertible into shares but is now convertible into shares as a result of Thorney's agreement.

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

Australian Securities & Investments Commission has granted the Company an extension of the time to hold its Annual General Meeting for the financial year ended 30 June 2023. The Company is required to hold an annual general meeting each year prior to 30 November. The extension granted by ASIC allows the Company to hold the 2023 AGM on or by 15 January 2024.

The third shipment of magnetite concentrate has departed from the Port of Darwin on Wednesday 25 October 2023. The shipment contained 30,000 wet metric tonnes and is now sailing to China to be received by the Company's existing offtake partner, Royal Advance (H.K.) Investment Pty Ltd. Ship loading occurred over 4 days at a rate of approximately 650 tonnes per hour. The Company now has magnetite concentrate stockpiles remaining at the Peko Project site, rail terminal and port mineral shed.

The Company has signed binding agreements for a magnetite pre-payment advance for a minimum of US$5.5 million and up to US$11.0 million and a life of advance offtake with its existing offtake partner, Royal Advance (H.K.) Investment Pty Ltd. The Company has also agreed a term sheet for the restructure of the finance arrangement with the vendor of the Peko Iron Ore Project, Oz Professionals 4 Pty Ltd. The binding agreements signed with Royal Advance are for a Pre-Payment of up to US$11.0 million (circa A$17.3 million) and an offtake agreement for the supply of magnetite iron ore. The term sheet signed with Oz Pro sets out key commercial terms to vary the existing vendor loan and an amended gold royalty arrangement to complement the Pre-Payment and Offtake Agreement. Together with the funds from the Pre-Payment, upon signing documentation in respect of the proposed Vendor Finance Restructure, Elmore will have accrued approximately A$42.2 million in financial debt with repayments linked to a maximum of 25.00% of the value of magnetite shipments. Together with the funds from the Pre-Payment, upon signing documentation in respect of the proposed Vendor Finance Restructure, Elmore will have accrued approximately A$42.2 million in financial debt with repayments linked to a maximum of 25.00% of the value of magnetite shipments. Elmore advises that it has been served with a statement of claim by Gibbins Investments Pty Ltd in the Federal Court against Elmore and its related entities, Peko Bull Pty Ltd and Sitzler Savage Pty Ltd. Elmore is reviewing the statement of claim, taking legal advice on the claims made by Gibbins and intends to defend those claims. Elmore will update the market when it is in a position to do so after completing this process.

The securities of the entity will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Monday, 2 October 2023, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office on Friday, 29 September 2023, and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed.

The company is continuing to complete its audited financial statements for the full year ended 30 June 2023, which were due by no later than 30 September 2023, and there will be a delay in lodgement of those financial statements. The delay is to allow essential audit items to be finalised. The Company is continuing to work with Royal Advance (HK) Pty Ltd to finalise binding documentation for the US$22.0 million Magnetite PrePayment and Offtake Arrangement announced on 22 June 2023.

The suspension of trading in the securities of Elmore Limited will be lifted immediately following the release by ELE of an announcement regarding a magnetite offtake agreement and capital raise.

A term sheet has been signed for a minimum US$22.0 million Magnetite Pre-Payment and Offtake Arrangement with its current offtake partner Royal Advance (HK) Pty Ltd. A$12.5 million in funding has been raised from sophisticated and institutional investors. A$6.2 million will be advanced by investors upfront by way of loans which, if shareholder and regulatory approvals are obtained, will convert into shares in the Company at 0.75 cents per share. Subject to the Company obtaining the necessary shareholder and regulatory approvals, a further A$1.5 million will be raised via a placement of shares at the Offer Price to be issued. The remaining A$4.8 million is to be settled via the conversion of existing debts owed by Elmore into equity at the Offer Price. To allow early access to the Placement funds, an investor will provide a separate bridging loan of A$1.5 million. The Company also intends to undertake a share purchase plan to allow its retail shareholders to participate. Investors in the Raising and the SPP will also receive one option to subscribe for an ordinary share in the Company, for every ten shares subscribed, exercisable at 1.5 cents per share within 18 months of the date of issue. The issue of Options is subject to the Company obtaining the necessary shareholder and regulatory approvals. Elmore has negotiated with the vendor of the Peko Iron Ore Project, Oz Professionals 4 Pty Ltd, to restructure the vendor finance repayment terms such that A$1.0 million will be paid from the Investor Loans and A$15.0 million is payable on the earlier of the closing of the Pre-Payment or 31 August 2023. With regard to the remaining balance due, Oz Pro has agreed with the Company to accept shares in lieu of repayment of A$2.5 million as part of the Debt Conversion, which will be subject to shareholder approval. This will leave circa A$12.5 million in principal outstanding due in December 2023, plus interest and extension fees. Upon closing of the Pre-Payment and the Raising, the Company will have the flexibility to invest in the Peko mine, via the installation and commissioning of the soluble metals circuit, the purchase of other processing equipment and spares, working capital and other debt reduction. With the installation of the soluble metals circuit at the Peko mine, the Company is targeting the commencement of production of copper and cobalt concentrates in the first quarter of CY2024. Magnetite production at the Peko mine has been ramping up, and the additional processing equipment the Company proposes to install will assist in increasing production rates. The Investor Loans are expected to close on 22 June 2023 and the Pre-Payment by late June or July 2023. Provided that the Company obtains the required shareholder and regulatory approvals, the Placement and Debt Conversion is expected to close in August 2023.

The Company requests the suspension last from the receipt of this request until the release of the announcement. In any event, no later than the commencement of trading on Friday 23 June 2023.

A breach of ASX Listing Rule 7.1A.3 has occurred. ASX has advised the Company that as a consequence: The Options are to be counted towards the Company's LR 7.1 placement capacity and cannot be ratified under LR 7.4. The Company was placed on a "˜placement holiday', meaning that it cannot issue any new securities in either its 7.1 or 7.1A capacity without shareholder approval regardless of available capacity. ASX has calculated the placement holiday period to be 110 days. The period is calculated from the date of the Breach, as such the placement holiday period commenced on 13 January 2023 and concluded on 3 May 2023. Given the Company has not issued any securities during this period, it has effectively "˜served' its placement holiday and no further action needs to be taken in that respect.

The company requests that its securities remain in suspension. It is expected to last no later than the commencement of trading on 21 June 2023.

The securities of Elmore Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of ELE, pending the release of an announcement regarding a magnetite offtake agreement and capital raise.

The suspension of trading in the securities of Elmore Ltd will be lifted from the commencement of trading on Thursday, 13 April 2023 following lodgement of its Appendix 4D and Half Year Report for the period ended 31 December 2022.

Practical completion of the Peko Sale and Purchase Agreement has occurred as outlined in the announcement made this morning titled "Practical Completion of Peko Acquisition". As a result of management control of the Peko project during the first half year, Elmore has consolidated 100% of Peko Iron Project Pty Ltd for the half year ending 31 December 2023 and will continue to operate on a fully consolidated basis moving forward. The consolidation and a number of other technical accounting decisions have been the primary cause of the delay in finalising the financial statements and first half audit review. Re-financing of Vendor Finance package progressing well. During the half Elmore entered into a magnetite offtake agreement with Royal Advance and in December loaded and sent its first shipment of high-grade magnetite to China. Subsequent to 31 December 22, the company has been heavily impacted by adverse weather conditions however has continued to increase production output through process and plant optimisation and further refined is logistics circuit. The company confirms circa 30,000 tonnes of high-grade magnetite is at or on its way to port ready to be loaded on a ship. Ship confirmed to arrive at the port of Darwin on Thursday with product pricing confirmed at circa AU$202 per dry tonne (+/- grade corrections). Loading is expected to take 5 working days.

The company lodges its Half Year Accounts.

Practical completion of the Peko Share Sale Agreement has occurred with all actions within the control of both Elmore Limited and Oz professionals Pty Ltd completed. Completion remains subject to satisfaction of final condition precedent being receipt of Stamp Duty Assessment. Based on practical completion having occurred, Elmore has paid and Oz Professionals Pty Ltd have received and accepted the first two Principal Payments totalling $400,000. Whilst in practice Elmore have had full decision-making authority, obligation to fund and entitlement to earnings since execution of the SPA, practical completion represents a significant milestone for the company as it confirms 100% ownership of the Peko project.

The Company advises is in the advanced stages of finalising its Audit Reviewed H1 FY23 Financial Statements. Following lodgement with ASX of Elmore's H1 Financial Statements, the company's shares will re-commence trading on the ASX. Delays to the audit review are primarily the result of a differing of opinion in respect of the requirement under AASB 10 Consolidated Financial Statements for the Company to consolidate Peko Iron Limited. Based on independent technical advice the company is currently in the process of finalising the consolidation in agreement with its auditors. The next ship remains on schedule to arrive at Darwin port between the 7th and 14th of April. Favourable weather conditions have enabled consistent production and logistics operations ensuring the company remains on target to load approximately 30kt of high-grade magnetite onto the ship. Importantly the regular 3rd weekly rail service has commenced significantly increasing the rate of magnetite product being transported to Darwin port ready for shipment. The 3rd weekly service also put's in place the framework to rapidly ramp up to 4 and then 5 services per week.

The Company is in the final stages of completing its reviewed financial statements for the half year ended 31 December 2022, however will not meet the ASX prescribed deadline of 5pm WST, 16 March 2023. The delay has primarily been the result of availability of information exchange between the previous and new auditor. Elmore is working closely with its new auditor, Nexia Perth Audit Services Pty Ltd, to finalise the Half Year Report and will lodge the financial statements as soon as possible.

The securities of the company will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Friday, 17 March 2023, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office yesterday and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed.

The suspension of trading in the securities of Elmore Limited will be lifted immediately following the release by ELE of an announcement regarding a fund raising

Elmore receives firm commitments for A$4.35 million placement to sophisticated and leading institutional investors at $0.03 per share. Part of the proceeds from the Placement will be used to purchase and move plant and equipment that the company has secured to recover copper and cobalt from Peko.

Elmore has passed the first milestone for payment against the magnetite offtake contract with Royal Advance (HK) by exceeding 7,500 tonnes of high-grade magnetite product delivered to Darwin Port from the Peko Project. The invoice has been issued and remittance received. The Company is targeting a rate of production equal to this milestone every 8-10 days by the end of this quarter.

The securities of Elmore Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of ELE, pending the release of an announcement regarding a fund raising.

The suspension of trading in the securities of Elmore Limited will be lifted immediately following the release by ELE of an announcement regarding the retraction and amendment of information disclosed by ELE in an announcement on 18 July 2022.

ASX has informed the Company that the disclosure of PekoBull and Normandy previously reported mineral resources requires the consent of a competent person. As the competent person who previously consented to the mineral resources is not an employee of Elmore and the Company has not completed all of the work to verify the Mineral Resource Statement, references to the mineral resources previously reported have been removed from this ASX announcement. Investors should not rely on the information that has been retracted from the Company's 18th July 2022 ASX announcement.

The securities of Elmore Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of ELE, pending the release of a further announcement regarding the purchase of the Peko Project.

The suspension of trading in the securities of Elmore Ltd will be lifted immediately following the release by ELE of an announcement regarding the finalisation of a fund raising.

The company releases a notice of proposed issue of securities.

Capital raised through issue of a converting note which will conver to ordinary share if approved by shareholders. Funds will be used to further Elmore's commitment to Territory Minerals Northcote Gold and Antimony Project in Far North Queensland, as well as general working capital.

The securities of Elmore Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of ELE, pending the release of an announcement regarding the finalisation of a fund raising.

The suspension of trading in the securities of Elmore Limited will be lifted from the commencement of trading on Wednesday, 14 April 2021, following completion of ELE's recapitalisation.

The company releases the following: Pre-Reinstatement Disclosure, Consolidated Activities Report, Terms and Conditions of Options on Issue, Employee Incentive Scheme and Securities Trading Policy.

The securities of Elmore Limited are expected to be reinstated to Official Quotation at the commencement of trading at 10:02:15 am AEST on Wednesday, 14 April 2021. ELE raised AUD$4,885,100 pursuant to the offer under its prospectus dated 23 February 2021 by the issue of 244,255,000 shares at an issue price of $0.02 per share.

The company releases an Appendix 2A.

The company releases an Appendix 3G.

The company releases an Appendix 2A.

The company had significant interest in the capital raising and had received subscriptions in excess of the proposed maximum $5,000,000 capital raising. The Board has resolved to allot and issue the securities. The company is currently overseeing the finalisation of all outstanding compliance matters, and expects these to be completed shortly. Once the outstanding matters are dealt with over the coming days, the company will be in a position to seek reinstatement to the official list.

The company releases a notice of Proposed issue of Securities - ELE.

The company releases the results of the extraordinary general meeting.

The company lodges its Half Year Accounts.

The company issues a prospectus for a public offer of a minimum of 125,000,000* up to a maximum of 250,000,000 Shares at an issue price of $0.02 per Share to raise a minimum of $2,500,000 and a maximum of $5,000,000.

Elmore executes preferred bidder agreement/ partnership agreement with Polaris Engineering Services. Agreement will underpin Elmore's labour, fabrication and plant maintenance requirements as the business expands.  $500,000 convertible note executed with Polaris assisting in corner-stone $5 million equity raise currently being prepared.

The Company has amended the NOM by adding an additional Resolution 6, as set out in the addendum to the NOM dated 5 February 2021.

The company will be holding an EGM scheduled to take place on 8 March 2021 at 10:00am (WST). The Hybrid EGM is being held primarily for seeking shareholder approval for the raising of up to $5mil via the issue of 250,000,000 shares at 2 cents each to facility the reinstatement of the company's securities to official quotation.

The company lodges its December 2020 Quarterly Activities and Cashflow Report.

The company releases the Results of its 2020 Annual General Meeting.

The company lodges the Results of its 2019 Annual General Meeting.

Minerals processing contract executed to process gold and antimony ore in Queensland. Peko (Tenant Creek, NT) contract preparing for construction phase to commence. Mobile plant currently crushing and screening industrial sands and aggregate near Darwin. Due diligence and commercial agreements progressing on a number of projects. Significant progress made towards re-instatement of trading of shares on the ASX.

The company's hybrid 2020 AGM will be held on 29 January 2021 at 10:30am (WST).

The company's hybrid 2019 AGM will be held on 29 January 2021 at 10:00am (WST).

The company lodges its December 2019 Quarterly Activites and Cashflow Report.

The company lodges its 2020 Annual Report to shareholders.

The company lodges its December 2019 Half Yearly Report and Accounts.

The company lodges its Quarterly Activities and Cashflow.

The trial of the employment dispute between Sean Freeman and Elmore Ltd was heard by the Federal Circuit Court on Friday 16 October 2020. The company was successful at trial and Mr. Freeman's case was dismissed in its entirety. No order was made for costs of either party. Mr. Freeman has until 2 November 2020 to lodge any appeal if he proposes to do so.

The company lodges its 2019 Annual Report to shareholders.

The following entity has not paid their annual listing fees in respect of the year ending 30 June 2021 but their securities are already suspended from official quotation.

The company lodges its Quarterly Activties and Cashflow Report.

The company provides the following market update. Mobile plant established at Frances Creek. Peko Tailings Project planning has commenced. Gold Valley Iron Pty Ltd in liquidation. Elmore's Singaporean and Indian subsidiaries divested.

The company lodges its Quarterly Activities and Cashflow Report.

The company lodges its Half Yearly Report and Accounts.

Frances Creek processing agreement executed and equipment being prepared for mobilisation in February. New proprietary equipment designed by the Company (patent pending) to support Elmore's transformation into a contract minerals processor. Coal Hub litigation settled for an ownership interest in a new rare earths company. Deal to jointly develop a Dolomite project at Francis Creek executed. Agreement to provide consulting and processing services for Peko magnetite and gold project in Northern Territory executed. Gold Valley Iron minerals processing agreement terminated. Share Sale Agreement of NSL MRI (India) to Benita Industries continues to progress. Biggs matter settled. Bridging finance secured.

The company lodges its Quarterly Activities and Cashflow Report.

The company lodges its Quarterly Activities and Cashflow Report.

name changed from IndiOre Ltd