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TROY RESOURCES LIMITED(TRY)

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ASX, Legal & CGT Status

Former (or subsequent) names

 FROMTO
TROY RESOURCES LIMITED12/01/2012
TROY RESOURCES NL16/05/199112/01/2012
TROY RESOURCES LIMITED16/05/1991

Shareholder links

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

 

REGISTRY:

Computershare, Level 11, 172 St Georges Terrace, Perth WA 6000

Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000TRY7
Address: Level 2 5 Ord Street West Perth WA 6005
Tel:  +61 8 9481 1277 Fax: +61 8 9226 3598

Date first listed: 05/03/1987
Company Secretary: Rebecca Broughton
Sector: Materials Industry Group: XMJ
Activities: Gold production & gold and base metal exploration

News & Events

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Troy anticipates that the voluntary suspension will be lifted on the earlier of the commencement of normal trading on 15 December 2021 or when an announcement of its financial position is released.

12/10/2021

Shareholders in this company should consider crystallising a capital loss in 2021/22 by selling their worthless shares. From 1 October 2021 we have made this process much easier and quicker. It can now 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.

01/10/2021

Mr Beazley is to be paid an hourly rate of $300.00 through Altair Mining Consultancy.

30/09/2021

The company's AGM will be held on Monday 15 November 2021 as a virtual online meeting. Details of how Shareholders can access the AGM will be released with the AGM Notice of Meeting. The closing date for receipt of nominations from persons wishing to be considered for election as a director is Monday, 27 September 2021, being 35 business days before the date of the AGM.

22/09/2021

Troy anticipates that the voluntary suspension will be lifted on the earlier of the commencement of normal trading on 13 October 2021 or when an announcement of its financial position is released.

14/09/2021

Troy anticipates that the voluntary suspension will be lifted on the earlier of the commencement of normal trading on 15 September 2021 or when an announcement of its financial position is released.

07/09/2021

The securities of Troy Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of TRY, pending the release of an announcement.

31/08/2021

The suspension of trading in the securities of Troy Resources Limited will be lifted immediately following the release by TRY of an announcement regarding TRY's operational activities at the Karouni Gold Mine in Guyana.

23/12/2019

All matters required to be finalised for the restart of operations at the Karouni Gold Mine in Guyana, including financing and working capital required for the restart, have now been put into place. The company has made a placement of 40 million fully paid ordinary shares at a price of 10 cents per share. The company has also signed a term sheet for the provision of a gold loan from Asian Management Investment Services. The facility is for the amount of 5,200 ounces of gold and is available in one or more tranches as required by the company. The facility has a term of 12 months with a bullet repayment, though early repayment is permitted. Together, this provides total funding of approximately A$15 million, supplementing the company's remaining cash reservecs, and will be used for the purposes of restarting operations at the Karouni Gold Mine in Guyana. With funding now secured, the board has formally approved the recommencement of operations at the Karouni Gold Mine.

23/12/2019

It is anticipated that the voluntary suspension will continue until 10 January 2020 or the release of an announcement in relation the company's operational activities at the Karouni Gold Mine in Guyana.

20/12/2019

The voluntary suspension of the company's securities is expected to continue until 20 December 2019 or the release of an announcement regarding the company's operational activities at the Karouni Gold Mine in Guyana.

13/12/2019

Drilling at the Hicks 1 Extension has intersected bonanza gold grades within the Hicks/Smarts Shear. Mineralisation known to extend along strike for approximately 2 kilometres, with the shear zone typically in the order of ten metres wide. Mineralisation underlies sand cover of approximately twenty-five metres and, at this stage, is open at depth. Updating of Mineral Resource estimates and mining studies on the Hicks 1 Extension is continuing. Located close to existing infrastructure and with mineralisation variously high-grade and relatively near-to-surface, the Hicks 1 Extension represents a highly-attractive near term mining target.

12/12/2019

Following the tragic incident at the Hicks 1 Extension Trench, the four parties investigating the death have notified of any cause against the company or its safety practices. On 8 November 2019, the Ministry of Social Protection rescinded its cease work order. Despite this, there are several matters that need to be resolved befor the company can restart operations. Troy has been working to finalise operating plans and a cash flow and budget for the recommencement of operations at Karouni. On 18 November, with the expiry of the six-week permitted stand down period fast approaching, the company took the decision to retrench just over 200 workers. The decision was made as there was no work for them at that time. When the decision to restart has been made, the company will be able to preferentially offer employment to former employees, thus enabling the streamlining of the workforce. Before Troy is willing/able to recommence activities, the following matters need to be sorted/addressed: Receipt of the title permit to undertake mining of Ohio Creek from GGMC; Renewal of the DIA licence from the Government of Guyana; The completion by Troy of a viable mine plan and budget for the next 12 to 24 months of operations, including assessment of the Smarts 3 operations; and The company securing sufficient funding to enable the restart of operations. The company also made a clarification regarding a significant amount of misinformation circulating within the Guyana press and on local social media.

29/11/2019

The voluntary suspension of the company's securities is expected to continue until 13 December 2019 or the release of an announcement regarding the company's operational activities at the Karouni Gold Mine in Guyana.

29/11/2019

The company releases the results of its meeting - 2019 AGM.

28/11/2019

The company releases its Chairman's Address to AGM.

28/11/2019

The company releases its presentation to AGM.

28/11/2019

Drilling to the north-west of the Hicks 1 Pit continues to identify shallow, high-grade gold mineralisation. This new area is referred to as Hicks NW (for North-West) and is along strike from the previously designated Hicks 1 Extension. Mineral Resource estimation and mining studies on the Hicks NW have commenced. Hicks NW is close to surface and existing infrastructure and represents an additional near term mining target.

28/11/2019

Austral Gold Limited has entered into a share purchase agreement with Troy Resources to acquire the remaining 30% interest in the Casposo silver-gold mine located in San Juan, Argentina. Austral has agreed to pay US$0.2 million for the outstanding common shares of Casposo Argentina, a wholly-owned subsidiary of Troy that owns the Casposo mine. The payment is to be made on the closing date, which we expect to occur by 28 November 2019. The agreement is also subject to standard indemnities provided by both Austral and Troy.

25/11/2019

It is anticipated that the voluntary suspension will continue until 29 November 2019 or the release of an announcement regarding the company's operational activities at the Karouni Gold Mine in Guyana.

15/11/2019

The voluntary suspension of the company's securities is anticipated to continue until 15 November 2019 or the release of an announcement in relation to the company's operational activities at hte Karouni Gold Mine in Guyana.

01/11/2019

The company releases its ASX Appemdix 4G.

28/10/2019

The company releases its Corporate Governance Statement.

28/10/2019

The company lodges its Annual Report 2019.

28/10/2019

The company's AGM will be held on Thursday, 28 November 2019 at 9:00am (Perth time) at The Celtic Club 48 Ord Street West Perth WA 6005.

28/10/2019

The voluntary suspension is anticipated to continue until 1 November 2019 or the release of an announcement on the company's operational activities at the Karouni Gold Mine in Guyana.

22/10/2019

The trading halt followed the tragic death of an employee on 8 October as a result of an incident at the Hicks 1 Extension Trench. An investigation into the incident was immediately launched by four parties. However, prior to the release of any formal findings in relation to the incident, the company received a letter from the junior Minister within the Ministry of Social Protection in which the company was ""¦hereby directed that there be a cessation of all mining activities with immediate effect until further notice from this Ministry." This came as a surprise to the Company since the ban included all mining areas including the Smarts 3 and Larkin Pits which are not where the incident took place. This stop order was inconsistent with normal protocols in such situations. Nevertheless, the company had no option but to cease aell mining activities. The company took the step of standing down all site employees other than those undertaking security duties, exploration activities and those involved in preparing the processing plant for a full shutdown. Troy's management is hoping to meet with relevant officials of the Guyanese Government over coming days to discuss the way forward at Karouni. Troy will not reinstate any of the laid-off employees nor recommence mining and processing activities until such time as the company has clear approvals from all relevant government agencies.

15/10/2019

The securities of Troy Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of TRY, pending the release of an announcement regarding operations at TRY's Karouni Mine in Guyana.

15/10/2019

The suspension of trading in the securities of Troy Resources Limited ("˜TRY') will be lifted immediately, following the release by TRY of an announcement regarding a capital raising

24/12/2018

The securities of Troy Resources Limited ("˜TRY') will be suspended from quotation immediately under Listing Rule 17.2, at the request of TRY, pending the release of an announcement regarding a capital raising.

20/12/2018

The suspension of trading in the securities of Troy Resources Limited will be lifted immediately following the release of an announcement regarding a capital raising. ASX Code: TRY

01/05/2015

The securities of Troy Resources Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. Security Code: TRY

30/04/2015

name changed from Troy Resources NL

12/01/2012
OFX Transferring Money Internationally to Free

 

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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
    11/09/2019John Jones-400,000$0.107$42,720
    28/06/2019John Jones-1,340,600$0.093$125,078
    27/06/2019John Jones-1,860,000$0.093$172,794
    27/05/2019John Jones-95,000$0.096$9,120
    08/12/2016John Jones-1,000,000$0.269$269,186

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Peter SternNon Exec Chairman16/06/2017
    Richard BeazleyManaging Director, Interim CEO03/10/2018
    Andrew StorrieCOO02/08/2011
    Rebecca BroughtonCFO04/01/2021
    John JonesNon Exec Director01/07/1988
    Andrew BarclayNon Exec Director10/12/2020

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Ken NilssonManaging Director, CEO08/05/199820/09/2021
    Ray ParryCFO06/01/202031/12/2020
    Gerry KaczmarekCFO04/07/201731/12/2019
    Fred GrimwadeExecutive Chairman, Independent Director27/11/201016/06/2017
    Martin PurvisManaging Director, CEO01/09/201431/05/2017
    Stacey ApostolouCFO30/11/201602/05/2017
    David SouthamIndependent Director29/07/201631/12/2016
    David SadgroveCFO01/10/200830/11/2016
    Richard MontiNon Exec Director29/08/201327/06/2016
    David DixNon Exec Chairman, Deputy CEO28/01/201001/02/2016
    Clement ParishNon Exec Director27/11/200924/04/2015
    Sean HarveyNon Exec Director29/08/201320/04/2015
    Paul BensonManaging Director, CEO13/09/201031/07/2014
    Gordon ChambersNon Exec Director02/04/200829/08/2013
    John DowNon Exec Chairman15/02/200605/03/2011
    Philiip NaylorNon Exec Director01/04/198427/11/2009
    Denis ClarkeNon Exec Director23/03/199927/11/2009
    Tommy McKeithNon Exec Director03/04/200626/11/2008

    Date of first appointment, title may have changed.