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GOLDEN MILE RESOURCES LTD (G88)

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ASX, Legal & CGT Status

Former (or subsequent) names

 

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Our website ranking of G88: 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: AU000000G887
Address: Level 5 126 Phillip Street SYDNEY NSW 2000
Tel:  (08) 6383 6508Fax: +61 (0) 3 8678 1747

Date first listed: 19/06/2017
Company Secretary: Jack Rosagro
Sector: Materials 
Activities: Mineral and resources exploration

News & Events

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The suspension of trading in the securities of Golden Mile Resources Ltd will be lifted immediately following the release by G88 of an announcement regarding the capital raise.

02/03/2023

The company releases a notice of proposed issue of securities.

02/03/2023

The company releases a prospectus for a partly underwritten pro-rata renounceable entitlement issue of two (2) New Shares for every five (5) Shares held by those Eligible Shareholders registered at the Record Date at an issue price of $0.016 (1.6 cents) per New Share, together with one (1) free attaching New Option for every two (2) New Shares issued, to raise up to $1,309,374 (based on the number of Shares on issue as at the date of this Prospectus and assuming no Options are exercised prior to the Record Date). The New Options have an exercise price of $0.035 (3.5 cents) and will expire on 30 June 2025. The Entitlement Offer is partly underwritten by Mahe Capital Pty Ltd up to a maximum of 46,875,000 New Shares for an aggregate amount of A$750,000.

02/03/2023

2 for 5 Renounceable Entitlement Offer to raise up to $1.3 million (before costs). Attractively priced at 1.6 cents ($0.016) per share. Entitlement Offer partially underwritten to $750,000. Discount of 24% to the last price of 2.1 cents and 24% to the 30 day VWAP. With every 2 New Shares, shareholders receive 1 free attaching New Option. New Options will have Exercise Price of 3.5 cents, expire on 30 June 2025 and will be listed. Shareholders can trade their rights and apply for additional shares and options. Rights to start trading from 6 March 2023. Directors intend to participate. Directors sub-underwriting for additional $125,000 from the shortfall. Funds to be used for the advancement of the Company's exploration activities at the Quicksilver Project (being the Company's core project), meeting the Company's expenditure requirements at its other noncore projects and general working capital, including the costs of the Offers.

02/03/2023

The company has received further exciting rare earth element and scandium assay results at its 100% owned Quicksilver clay hosted Nickel-Cobalt Project. Latest assay results further demonstrate significant clay hosted oxide REE mineralisation potential at Quicksilver. Best results include: QAC0010: 4m @ 3,295 ppm TREO (including 1m @ 7,915ppm TREO) and QRC0039: 10m @ 2,548ppm (including 1m @ 3,949ppm). Significant scandium assays including best high-grade results of QRC0111: 1m @ 165 ppm Sc from 21m and QRC0056: 2m @ 102 ppm Sc from 8m. The oxide REE mineralisation is an indication of an unknown nearby primary source of REE mineralisation at depth. Stage 3 Metallurgical diamond drilling is continuing with its primary purpose to de-risk the proposed multi-product flowsheet (Ni, Co, Fe, Cr and industrial) and provide confidence to proceed to a Scoping Study. The addition of REE and scandium mineralisation is an exciting development for the Quicksilver Nickel "“ Cobalt Project and further emphasises the unique nature of the deposit.

01/03/2023

The securities of Golden Mile Resources Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of G88, pending the release of an announcement regarding a proposed capital raising.

01/03/2023

The suspension of trading in the securities of Golden Mile Resources Ltd will be lifted immediately following the release by G88 of an announcement regarding the proposed project acquisition and associated capital raising.

21/03/2022

The company has entered into a binding agreement to acquire the rights to 3 exploration licences near Marble Bar, situated in the lithium rich East Pilbara region of Western Australia. The acquisition strategically expands Golden Mile's portfolio of grassroot exploration projects focused on critical green metals that includes copper, nickel and lithium to service the predicted high growth in the electric vehicle sector.

21/03/2022

The company releases a notice of proposed issue of securities.

21/03/2022

The securities of Golden Mile Resources Ltd ("˜G88') will be suspended from quotation immediately under Listing Rule 17.2, at the request of G88, pending the release of an announcement regarding proposed project acquisition and associated capital raising.

17/03/2022

listed entity carried for record purposes only

19/06/2017

 

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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
    12/07/2023Damon Dormer400,000$0.051$20,360
    01/07/2022Grant Button500,000$0.028$14,000
    23/10/2018Lachlan Reynolds29,764$0.174$5,190
    22/10/2018Lachlan Reynolds77,719$0.180$13,986
    20/08/2018Rhoderick Grivas44,750$0.259$11,604

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Grant ButtonChairman02/08/2021
    Damon DormerManaging Director, CEO01/03/2023
    Frank CannavoNon Exec Director02/08/2021

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Jordan LuckettExecutive Director08/07/202202/01/2024
    Rhoderick GrivasChairman19/06/201720/12/2022
    Phillip GrundyNon Exec Director10/12/201615/09/2022
    James MerrilleesManaging Director25/11/202015/12/2021
    Caedmon MarriottNon Exec Director08/01/202002/08/2021
    Lachlan ReynoldsManaging Director27/08/201823/03/2020
    Timothy PuttManaging Director, CEO01/12/201627/08/2018
    Koon Lip ChooDirector08/12/201627/08/2018

    Date of first appointment, title may have changed.