NAVARRE MINERALS LIMITED (NML)

The securities of the company have been suspended for more than three months. If an entity does not meet the 1 or 2 year deadlines, it will be removed from the official list. The removal will usually take effect from the open of trading on the first trading day after the deadline date.

The quarterly reports have been lodged. This is a key outstanding compliance requirement as part of its process to seek reinstatement to the ASX and the trading of its shares. It is intended the Company will undertake the second step in its recapitalization by way of a new equity issue immediately prior to the resumption of trading of its shares, which is subject to various approvals including from the ASX and shareholders. This capital will be used to fund exploration works on its Victorian exploration projects and for working capital. This future equity issue is likely to prioritise current shareholders and the investors in the recent convertible note offer. The Company will likely in parallel seek shareholder approval to consolidate its existing issued share capital.

The company lodges the following: June 2023 Quarterly Activities Report and Cashflow Report, September 23 Quarterly Activities Report and Cashflow Report, December 23 Quarterly Activities Report and Cashflow Report, March 2024 Quarterly Activities Report and Cashflow Report, June 2024 Quarterly Activities Report and Cashflow Report.

Shareholders in this company should consider crystallising a capital loss in 2024/25 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.

The board of Navarre Minerals Limited has taken the decision to recommit to its 49% interest in the Tandarra Gold Project.

The company releases a notification of cessation of securities.

The company releases a notice of proposed issue of securities.

The first stage to recapitalise the Company has been completed via an approximate $1.7m convertible debt issuance to sophisticated and professional investors. Mr Gurry and Mr Taylor have supported the Company by investing $100,000 and $25,000 respectively. The issuance of the convertible notes to these Directors is subject to shareholder approval. Part of the initial funding has been used to pay the Deed Administrator the agreed sum of $525,000 and thereby satisfying the key condition to removing the Deed of Company Arrangement. The DOCA has been effectuated. Funds raised will also be used to cover legal, accounting, audit, consultant and other fees to re-comply with, and seek to resume trading on, the ASX. This is subject to various approvals including ASX compliance and readmission approval, and shareholder approval. Funds raised in this initial capital round will also contribute towards tenement management, exploration preparation works and/or contributions to the Company's non-operating interest in the Tandarra Gold Project JV north of Bendigo. It is intended the Company will undertake the second step in its recapitalization by way of a new equity issue immediately prior to the resumption of trading of its shares, which is subject to various approvals including from the ASX and shareholders.

The Directors seek to recapitalise the Company to enable the advancement of its long-standing and well-known Victorian project portfolio in a supportive gold price environment

At the creditors meeting held on 26 September 2023, creditors resolved that the Companies, excluding Navarre Minerals Queensland, were to execute a deed of company arrangement. This DOCA was executed on 18 October 2023.

Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday, 21 August 2023 would have its securities suspended from Official Quotation before the commencement of trading on Tuesday, 22 August 2023. The following entity has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2024 and consequently will have its securities suspended from quotation immediately. The company has failed to pay to ASX the annual listing fees for the year ending 30 June 2024, and its securities are already suspended from quotation.

On 21 June 2023 Receivers and Managers were appointed to The Company's subsidiary, NMQ, by secured creditor Evolution Mining Limited.

Andrew Sallway, Andrew Fielding and I were appointed Joint and Several Voluntary Administrators of the Company on 19 June 2023

The securities of Navarre Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of NML, pending the release of an announcement regarding its refinancing and restructuring plans.

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

Navarre completes Placement of 33.98 million new shares at $0.05 per share raising approximately $1.7 million. There is strong support from major shareholders, Kirkland Lake Gold Ltd. and The Victor Smorgon Group, and new investors. There is a share purchase plan to raise up to $0.8 million to eligible shareholders at the placement issue price of $0.05 per share. Funds raised will be applied to advance exploration at the company's flagship Irvine Gold Project and Tandarra Gold Project. Following successful completion of the capital raise, Navarre will be fully funded for its planned 2018-19 field season .

The securities of Navarre Minerals 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.

The securities of Navarre Minerals Limited will be reinstated to quotation immediately, following the release of an announcement by the Company.

The company has received binding commitments for a placement to raise $1.55 million before costs at a price of $0.04 per share. This is with the support of Kirkland Lake Gold, a major shareholder. Navarre is fully funded for the current drill program at the Irvine Gold Project, proximate to the 4Moz Stawell Gold Mine

The securities of Navarre Minerals Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement by the Company.

listed entity carried for record purposes only