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Security Transfer Australia Pty Ltd
No longer operating

Company details

Address: Suite 24, 443 Albany Highway, VICTORIA PARK, WA, AUSTRALIA, 6100
Tel:  (08) 9472 5502Fax: 089362 2805

Date first listed: 04/12/2009
Company Secretary: Andrew Whitten
Sector: Materials Industry Group: XMJ
Activities: Base metal exploration

News & Events

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name changed to Prospect Resources Limited


the Ethan Deed of Company Arrangement was fully effectuated on 28 March 2012 and has therefore now been terminated. The Company confirms that the Ethan Creditor" Trust has been established


all Resolutions for the Restructure and Recapitalisation of the Company outlined in the Notice of Extraordinary General Meeting were passed at the Extraordinary General Meeting


Notice is given that the Extraordinary General Meeting of Shareholders of Ethan Minerals Limited (ACN 124 354 329) (subject to Deed of Company Arrangement) (the Company) will be held at 2:00pm (WST) on 28 February 2012 at The University Club of Western Australia, Hackett Drive, Crawley WA 6009 (Entrance No.1, Carpark No.3)


a deed of company arrangement is executed and it is intended a shareholders' meeting will be held in about 8 to 10 weeks


creditors resolve that the company enter into a deed of company arrangement


administrators issue creditors report - the 2nd meeting of creditors will be held on 4 November


convening period for 2nd creditors meeting is extended to 30 Nov 2011


convening period for 2nd creditors meeting is extended to 28 Sept 2011


a first meeting of creditors is to be held on 13 July - shareholders may attend but can't vote


company announces the appointment of Messrs. Bradley Tonks and John Vouris as Administrators of the Company


company and its auditors responds to ASX questions about the half year review


the Board has reviewed the status of the Jin Chuan Agreement. As a result, the Company's solicitors have required Jin Chuan to elect whether to take delivery of the original FOT 6,000T of ore or not. That letter also noted that Jin Chuan requested to take 15,000T of ore per month on a CIF contract, in substitution for the 6,000T sale. Despite that, nothing substantive has been received from Jin Chuan in response to the Company's draft agreement for a 15,000T contract. The Company has reserved its rights upon the 6,000T sale. The Company has not released any ore without being paid first. No cash has been received yet. The Company is now in mine gate cash sale negotiations with other offtakers


in an undated letter to ASX, the company says "On the basis of information disclosed in Appendix 5B it is not possible to conclude that the Company will not have sufficient cash to fund its activities. The Appendix 5B requests information regarding expenditure estimates for the forthcoming quarter. It doesn't request estimates of inflows expected i.e. it doesn't request sufficient information to enable this sort of conclusion to be drawn", when responding to an ASX query


releases quarterly reports - the cash flow reflects large outflows and virtually nothing left - apparently several proposals for equity and loan funding as well as long term off take agreements have been received. The Company is reviewing these opportunities and the market will be kept fully informed of any developments


Bill O'Neill is retiring from the position of Non-Executive Chairman and will remain on the Ethan Board as a Non-Executive Director - Ken Robson is appointed Executive Chairman


the company has not yet lodged its half year accounts and as a result the suspension will continue


the company says that it completed a geological reconnaissance of the entire Mary Springs base metal (Pb, Zn, Cu) Project in Western Australia - it has negotiated exploration access to most of the Mary Springs region, which permits exploration and potential development of known mineralisation as well as the possibility of new discoveries. This represents a significant opportunity for Ethan to explore and potentially develop mineralisation in this entire region for the first time, as previous explorers were unable to negotiate access from all the landholders in the area. The region has a significant production history dating from the mid 1800s, with approximately 200,000 @ 11.4% Pb being recorded


on March 17, 2011, Ethan Minerals Limited made a clarification announcement regarding the acquisition of a number of exploration and mining leases in Zambia. The announcement stated that; 1) Ethan Minerals restructured its agreement of October 9, 2010 with Jazzman into a Joint Venture (JV) where upon, Ethan will obtain; 15 small mining and prospecting leases/licences in the Mkushi areas, General Kampumba area under PLLS 131 and Mansa areas 2) Under the restructured Jazzman agreement, all leases held by him or his interests will ultimately be transferred to Ethan's wholly owned subsidiary, Allegra Mining Zambia Limited ("Allegra"). This is anticipated to occur over the next few weeks. As outlined in that announcement, all of these newly issued leases will ultimately be transferred to Allegra Mining Zambia Limited ("Allegra"), under the agreement with Jazzman. Under this agreement certain payments will be made to Jazzman (as outlined in previous announcement) and Jazzman will receive a 25% interest in Allegra


On 16 February 2011 the Company requested a trading halt in regard to a possible acquisition of assets in Zambia. The Company was not able to lift the trading halt and negotiations regarding the acquisition are continuing


securities suspended from quotation pending an announcement


securities reinstated to quotation


securities suspended from quotation pending an announcement



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Loading comments....  Most recent comments
The company was already listed Andrew - it regained quotation after changing its name - click on Prospect Resources above for the new details26/03/2014 06:28:24

Ethan Minerals Ltd changed its name to Prospect Resources Ltd on 18-4-2012. It appears that Prospect (PSC)resources was listed on the ASX on 7th August 2012 & began trading shortly after.

Andrew Krzywniak (Super 2000)

20/03/2014 12:47:45
How could any of this be better steatd? It couldn't.26/09/2012 11:59:15

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

    Directors' on-market share transactions (last 5)


    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    Hugh WarnerDirector03/01/2012
    Michael PollakDirector03/01/2012
    Jonathan PagerDirector03/01/2012

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    Kenneth FitzgeraldExecutive Director03/09/200703/01/2012
    Julie GlanvilleExecutive Director03/09/200703/01/2012

    Date of first appointment, title may have changed.