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EMERALD RESOURCES NL (EMR)

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ASX, Legal & CGT Status

Former (or subsequent) names

 FROMTO
EMERALD RESOURCES NL15/12/2014
EMERALD OIL & GAS NL15/06/200615/12/2014
MATRIX OIL NL11/02/200015/06/2006
MAPLE OIL NL11/02/2000

Shareholder links

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

 

REGISTRY:

Automic Group
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000EMR4
Address: 1110 Hay Street West Perth WA 6005
Tel:  1300 729 543Fax: 1300 729 528

Date first listed: 22/07/1994

Sector: Energy Industry Group: XEJ
Activities: Oil and gas exploration

News & Events

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The suspension request (and subsequent extensions) were in relation to Takeovers Panel proceedings regarding an application made by Hongkong Xinhe International Investment Company Limited in respect of Emerald's recommended takeover offer for Bullseye Mining Limited. Notwithstanding that the Panel proceedings are yet to be determined, Emerald has been advised by ASX that no further extensions to the voluntary suspension from trading will be permitted. Emerald's position is and remains that it does not agree trading should occur whilst the outcome of the proceedings are unknown. Emerald has been advised that ASX will reinstate its securities on the commencement of trading today.

28/01/2022

The suspension of trading in the securities of Emerald Resources NL will be lifted from the commencement of trading on Friday, 28 January 2022.

28/01/2022

Emerald has resolved to extend the closing date of the Offer (takeover bid for all issued shares of Bullseye Mining that the company does not already own) to 5:00pm (WST) on Friday, 11 February 2022. As at the date of this announcement, Emerald confirms that it now has a relevant interest in 55.87% of the 445,599,851 Bullseye shares currently on issue, comprising: 75,692,283 shares held directly by Emerald; and 173,250,196 shares pursuant to acceptances of the Offer by Bullseye shareholders.

27/01/2022

The Company received an official brief from the Takeovers Panel on 18 January 2022 in relation to application made by Hongkong Xinhe International Investment Company Limited regarding the recommended takeover offer for Bullseye Mining Limited. Parties (which include Emerald) are required to respond to the questions raised in the Brief with rebuttal submissions due no later than 6:00pm (Melbourne time) on Monday, 24 January 2022. Emerald has extended the voluntary suspension in the Company's securities pending the release of an announcement regarding a determination being given by the Takeovers Panel in relation to application made by Hongkong Xinhe International Investment Company Limited regarding the recommended takeover offer for Bullseye Mining Limited. The Company's securities will remain in voluntary suspension until the earlier of the announcement to the market or the commencement of trade on 28 January 2022.

21/01/2022

The Company has extended the voluntary suspension in the Company's securities pending the release of an announcement regarding the determination being given by the Takeovers Panel in relation to application made by Hongkong Xinhe International Investment Company Limited regarding the recommended takeover offer for Bullseye Mining Limited. The Company's securities will remain in voluntary suspension until the earlier of the announcement to the market or the commencement of trade on 21 January 2022.

17/01/2022

The Takeovers Panel have decided to conduct proceedings with respect to the application made by Hongkong Xinhe International Investment Company Limited to the Takeovers Panel in relation to the affairs of Bullseye. Emerald has provided an undertaking to the Panel that it will not, without the Panel's consent, take any steps to process acceptances of, or issue any shares to accepting Bullseye shareholders under the Offer until the determination of the panel in the Proceedings. Given the Offer is unconditional and remains open for acceptance, Emerald will continue to receive acceptances from Bullseye shareholders during this period. Emerald has today resolved to extend the closing date of the Offer to 5:00pm (WST) on Friday, 28 January 2022. Emerald confirms that it now has a relevant interest in 55.85% of the 445,599,851 Bullseye shares currently on issue.

14/01/2022

The Panel has accepted an undertaking from Emerald Resources NL in relation to the application dated 6 January 2022 by Hongkong Xinhe International Investment Company Limited. Emerald has undertaken not to process acceptances of, or issue Emerald shares to, accepting Bullseye Mining Limited shareholders pursuant to its off-market takeover bid for Bullseye dated 13 December 2021 until the determination of the Panel proceedings.

13/01/2022

The securities of Emerald Resources NL will be suspended from quotation immediately under Listing Rule 17.2, at the request of EMR, pending the release of an announcement regarding the application made by Hongkong Xinhe International Investment Company Limited to the Takeovers Panel in relation to the recommended takeover offer for Bullseye Mining Limited.

12/01/2022

The suspension of trading in the securities of Emerald Resources NL will be lifted from the commencement of trading on Tuesday, 7 December 2021, following the release by EMR of an announcement regarding a material acquisition.

07/12/2021

Emerald to acquire Bullseye via an off-market Bullseye board recommended takeover offer.  Bullseye's extensive landholding totals in excess of 1,200km2 of highly prospective licences across 3 gold projects.  Bullseye's flagship North Laverton Gold Project (NLGP) covers 800km2 tenure and captures the entire Dingo Range Greenstone Belt - one of the few under explored greenstone belts remaining in Western Australia.  In 2015 Bullseye calculated a JORC 2012 compliant Indicated and Inferred Mineral Resource Estimate of 276,000oz at 2.51g/t Au to an average depth of ~120m. Since estimation of the Maiden Resource, Bullseye has completed 35,000m of RC drilling.  The inclusion of results from the completed 35,000m of drilling and extensional drilling planned for the 2022 calendar year has the potential to significantly increase the Maiden Resource. Emerald has the financial capacity, operational and exploration expertise to maximise the potential of Bullseye's attractive portfolio of gold projects. Emerald has acquired a pre-bid equity stake of 19.45% of Bullseye.  Emerald and Bullseye have entered into a Bid Implementation Agreement in which Bullseye's Directors unanimously recommend that Bullseye shareholders accept the Offer, in the absence of a superior proposal. The Offer is subject to a 90% minimum acceptance condition by Bullseye shareholders.

07/12/2021

The company releases an application for quotation of securities.

07/12/2021

The company has signed a takeover bid implementation agreement with Bullseye Mining to acquire all of the issued shares of Bullseye (that it does not already own) in a share-based transaction.

07/12/2021

The Company's securities will remain in voluntary suspension until the earlier of the announcement to the market or the commencement of trade on 7 December 2021.

03/12/2021

The securities of Emerald Resources NL will be suspended from quotation immediately under Listing Rule 17.2, at the request of EMR, pending the release of an announcement regarding a material acquisition.

01/12/2021

we understand that on or about this date the company consolidated its shares 1 for 10

02/04/2020

The suspension of trading in the securities of Emerald Resources NL will be lifted immediately following the release by EMR of an announcement regarding a capital raising.

24/01/2020

Successful share placement of A$75 million to be completed in two tranches. Development activities to advance at the Okvau Gold Project. Strong support from existing and new global institutional shareholders.

24/01/2020

The securities of Emerald Resources NL will be suspended from quotation immediately under Listing Rule 17.2, at the request of EMR, pending the release of an announcement regarding a capital raising

23/01/2020

The suspension of trading in the securities of Emerald Resources NL will be lifted immediately following the release by EMR of an announcement regarding Definitive Feasibility Study outcomes.

26/11/2019

Approval of Mineral Investment Agreement by Cambodian Council of Ministers, providing certainty and stability of the fiscal regime for the Okvau Gold Project development and operations. Uplift in NPV to US$337M (A$488M) and IRR to 69% following an internal evaluation of original key assumptions applied to DFS demonstrates compelling economics of the Okvau Gold Project. US$60M Project Facility with Sprott Private Resource Lending II L.P. for development of the Okvau Gold Project nearing finalisation. Emerald is well positioned to capitalise on a unique development opportunity with reduced fiscal risk and a well-credentialled gold project development team.

26/11/2019

The securities of Emerald Resources NL will be suspended from quotation immediately under Listing Rule 17.2, at the request of EMR, pending the release of an announcement regarding Definitive Feasibility Study outcomes.

25/11/2019

The securities of Emerald Resources NL ("Company") will be reinstated to Official Quotation from the commencement of trading on 17 May 2016, following the Company's compliance with Listing Rule 11.1.3 and Chapters 1 and 2 of the Listing Rules. 1,306,627,448 fully paid ordinary shares

13/05/2016

The Board of Emerald Resources NL wishes to advise that it has issued 33,334 fully paid ordinary shares at $0.03 per share pursuant to the offer made under the prospectus dated 30 March 2016 and to satisfy the conditions of the Company's recompliance with Chapters 1 and 2 of the ASX Listing Rules.

10/05/2016

The Board of Emerald Resources NL is pleased to announce the Quarterly Activities Report and Appendix 5B Quarterly Cashflow Report for the period ended 31 March 2016.

26/04/2016

The Board of Emerald Resources NL is pleased to advise that the offer made under the prospectus dated 30 March 2016 has successfully closed with the Company having received applications for the full subscription amount.

01/04/2016

The company releases the results of its general meeting.

01/04/2016

The securities of Emerald Resources NL (the "Company") will be suspended from official quotation immediately, pending the outcome of a resolution at the Company's general meeting to consider a proposed change in the nature and scale of the Company's activities. The Company's securities will remain suspended from quotation pending compliance with Chapters 1 and 2 of the Listing Rules.

31/03/2016

name changed from Emerald Oil & Gas NL

15/12/2014

 

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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
    10/12/2021Ross Stanley1,000,000$1.075$1,075,020
    16/11/2016Morgan Hart581,177$0.046$26,734
    15/11/2016Morgan Hart2,100,000$0.046$96,600
    16/02/2016Ross Stanley1,502,847$0.025$37,571
    11/02/2016Ross Stanley100,000,000$0.025$2,500,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Jay HughesChairman14/09/2022
    Morgan HartManaging Director30/07/2014
    Shannon CampbellCFO14/02/2023
    Billie SlottIndependent Director05/10/2021
    Ross StanleyNon Exec Director20/08/2014
    Simon LeeNon Exec Director20/08/2014
    Michael BowenNon Exec Director14/09/2022
    Mick EvansExecutive Director03/10/2018
    Mark ClementsCompany Secretary22/08/2014

    Date of first appointment, title may have changed.

    SPECIAL NOTE: During May 2024 we are working to remove duplications in the Company Secretary role.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Brett DunnachieCFO14/02/2023
    Ross WilliamsNon Exec Director04/10/201312/06/2020
    Justin TremainNon Exec Director28/09/201603/10/2018
    Tim KestellNon Exec Director11/10/201320/08/2014
    Peter PynesNon Exec Director11/10/201320/08/2014
    Jeremy ShervingtonNon Exec Chairman23/01/200615/05/2014
    Mike KrzusManaging Director, CEO13/08/200911/10/2013
    Davide BosioNon Exec Director20/11/201205/10/2013
    Dino Di CostaNon Exec Director27/12/201203/10/2013
    McAndrew RudisillDirector05/10/201103/10/2013
    Nathan FeatherbyDirector05/10/201102/08/2012
    John HannafordFinance Director14/06/200616/07/2012
    Laurence ShervingtonAlternate Director28/03/201108/03/2012
    Robert BervenDirector26/06/200602/01/2011
    Alan CoulthardNon Exec Director20/02/200616/06/2006
    Adam Rankine-WilsonNon Exec Director23/01/200616/06/2006
    Anthony RawlinsonChairman26/11/199925/01/2006
    Brian HockneyManaging Director22/12/199925/01/2006
    Ian MaycockNon Exec Director26/11/199925/01/2006
    Frank SilcExecutive Director04/07/200225/01/2006
    Phillip R. DaviesDirector26/11/199919/01/2003

    Date of first appointment, title may have changed.