DOCSLIB.ORG

ANNUAL REPORT Contents

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
ANNUAL REPORT Contents www.evolutionmining.com.au ASX: EVN EVOLUTION MINING LIMITED 2015ANNUAL REPORT Contents 7 Highlights in FY15 27 Environmental Responsibility 8 Executive Chairman’s Report 28 Community Spirit 10 Chief Financial O cer’s Review 32 Mineral Resources and Ore Reserves 12 Safety and Health 34 Competent Person Statement 14 Our Assets 35 Board of Directors 20 Acting Like an Owner 39 Annual Financial Report 21 Outlook for FY16 158 Shareholder Information 23 Discovery 160 Corporate Information 25 People and Culture Forward Looking Statements This report prepared by Evolution Mining Limited (or “the Company”) includes forward looking statements. Often, but not always, forward looking statements can generally be identifi ed by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs. Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance and achievements to di er materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fl uctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation. Forward looking statements are based on the Company and its management’s good faith assumptions relating to the fi nancial, market, regulatory and other relevant environments that will exist and a ect the Company’s business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the Company’s business or operations will not be a ected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company’s control. Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to di er materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based. COMPANY PROFILE Evolution Mining is a leading, growth-focused Australian gold company. It owns and operates seven gold mines located in Queensland, New South Wales and Western Australia. For the year ended 30 June 2015 Evolution Mining produced 437,570 ounces gold equivalent, prior to the acquisition of the Cowal and Mungari mines. In late 2011 Evolution Mining was formed through the merger of Catalpa Resources and Conquest Mining and the concurrent acquisition of Newcrest Mining’s interests in the Cracow and Mt Rawdon mines. Our company has continued to grow into a genuine mid- tier Australian gold producer after completing the acquisition of Cowal in July 2015 and Mungari in August 2015. We have a reputation for operational consistency and reliability with a track record of always achieving production and cash cost guidance since formation. We Say, We Do, We Deliver Our ambition since formation has been to become a globally relevant mid-tier Australian gold producer We’re on track In FY15 we continued to focus on operational e ciency, strategically aligned with La Mancha, and successfully acquired the world-class Cowal gold mine We are Australia’s second largest ASX-listed gold producer and we’ve built a platform for further growth 730,000 - 810,000 oz 427,703 oz 437,570 oz 392,920 oz 280,401 oz FY12* FY13 FY14 FY15 FY16** Guidance Formation of Mt Carlton Cowal and Evolution Mining fi rst production Mungari acquisitions Note: Production from FY12-FY15 was gold equivalent ounces. Gold equivalent is defi ned as gold plus payable silver from the A39 deposit at Mt Carlton. FY16 will be gold ounces * Attributable Au equivalent ounces ** Cowal transaction completed on 24 July 2015 – Guidance includes 11.2 months of production from Cowal. La Mancha transaction completed on 24 August 2015 – Guidance includes 10.2 months of production from Mungari. Equates to annualised FY16 Group Gold Production of 770,000 – 850,000 ounces +1.5 Moz Gold equivalent produced since Evolution Mining’s formation in 2011 Evolution Mining Limited Annual Report 2015 5 In FY16 we will stick to our strategy of delivering shareholder returns through: • Operational excellence – e cient, profi table gold production • Using science and technology to improve the probability of transformational discoveries • Improving the quality of our asset portfolio by seeking opportunistic, logical, value accretive acquisitions FY15 – An extraordinary year achieved through our exceptional people A 50% reduction in our lost-time injury Record production frequency rate1 and of 437,570 gold 20% reduction in our equivalent3 ounces total recordable injury frequency rate2 Outstanding results delivered by Edna May Record net profi t (98,766 oz) and after tax doubled to Mt Carlton (77,658 oz Au eq) A$100 substantially exceeding production and cost million guidance Record low C1 cash Dividend payments costs of A$711/oz and based on 2% of gold AISC4 of A$1,036/oz – equivalent sales – a total globally competitive at of A$14.28 million paid US$554/oz5 and AISC to shareholders in FY15 of US$807/oz Binding agreement Agreement with Barrick Record mine cash fl ow with La Mancha Group (Australia Pacifi c) Pty of A$137.8 million – International BV to Limited to acquire the 47% improvement acquire 100% of its Cowal gold mine from FY14 Australian operations 1. Lost-time injury frequency rate (LTIFR) is the frequency of injuries involving one or more lost work days per million hours worked Results are based on a 12-month moving average 2. Total recordable injury frequency rate (TRIFR) is the frequency of total recordable injuries per million hours worked 3. Gold equivalent is defi ned as gold plus payable silver from the A39 deposit at Mt Carlton 4. AISC (All-in sustaining cost) includes C1 cash cost, plus royalty expense, sustaining capital expense, general corporate and administration Calculated on per ounce produced basis 5. Using the average AUD:USD exchange rate for the June quarter 2015 of US$0.779 Evolution Mining Limited Annual Report 2015 7 Executive Chairman’s Report This performance makes our asset base globally competitive and continues to move Evolution down the global gold mining cost curve. By instilling a culture of “acting like owners” across our workforce and focusing on cost and e ciency gains, our total costs fell in the 2015 fi nancial year and we have materially improved the quality of our assets. This improvement can be readily seen in the fi nancial results. Whilst our sales revenue in FY15 increased by only 5% to A$666.0 million, our underlying net profi t increased by 112% to A$106.1 million, clearly showing how we have been able to translate our strong operating performance into bigger margins and greater profi tability. This will continue to be a key focus for us all in the coming year. Despite the US dollar gold price falling during the 12 months to 30 June 2015, we experienced some tailwinds at a macroeconomic level through the depreciation of the Australian dollar against the US dollar and a reduction in key input costs as activity levels in the resources sector fell. Our results demonstrate that Australia’s reputation as a high cost mining destination can no longer be taken as given – and in fact we are now becoming one of the best regions in which to operate gold mines. Once again all fi ve of our operations were cash fl ow positive throughout the year with Edna May the standout – this is an asset which has faced its challenges in recent years and an annual output of 98,766 ounces at an average AISC of A$898 an ounce, both well ahead of guidance, On behalf of the Board of Directors of Evolution Mining bodes well for the future of this mine. I am pleased to present you with the Company’s 2015 Annual Report. These factors all combined to allow us to continue our innovative dividend policy whereby shareholders receive a In many ways the 2015 fi nancial year was the culmination dividend payment, wherever possible, equal to 2% of group of the strategy we put in place nearly four years ago when gold revenue. This year Evolution shareholders received Evolution was formed. This strategy was to build a globally unfranked dividend payments of 1c per share at both the relevant, mid-tier Australian gold mining company and we half-year and full-year results. have made signifi cant progress on this goal during the year.
Load more

Recommended publications
  • APPENDIX 4E EVOLUTION MINING LIMITED ACN 084 669 036 and CONTROLLED ENTITIES ANNUAL FINANCIAL REPORT for the Year Ended 30 June 2020
    APPENDIX 4E EVOLUTION MINING LIMITED ACN 084 669 036 AND CONTROLLED ENTITIES ANNUAL FINANCIAL REPORT For the year ended 30 June 2020 Results for Announcement to the Market Key Information 30 June 2020 30 June 2019 Up / (down) % Increase/ $'000 $'000 $'000 (decrease) Revenues from contracts with customers 1,941,863 1,509,824 432,039 29% SPACE Earnings before Interest, Tax, Depreciation & Amortisation (EBITDA) 1,029,432 730,262 299,170 41% SPACE Statutory profit before income tax , 314,826 , % SPACE Profit from ordinary activities after income tax attributable to the members , 218,188 , % Dividend Information Amount Franked amount per share per share Cents Cents Final dividend for the year ended 30 June 2020 Dividend to be paid on 25 September 2020 9.0 9.0 Space Interim dividend for the year ended 30 June 2020 Dividend fully paid on 27 March 2020 7.0 7.0 Space Final dividend for the year ended 30 June 2019 Dividend fully paid on 27 September 2019 6.0 6.0 Net Tangible Assets 30 June 2020 30 June 2019 $ $ Net tangible assets per share 1.47 1.45 Earnings Per Share 30 June 2020 30 June 2019 Cents Cents Basic earnings per share 17.71 12.86 Diluted earnings per share 17.62 12.78 Additional Appendix 4E disclosure requirements can be found in the notes to these financial statements and the Directors' Report attached thereto. This report is based on the consolidated financial statements which have been audited by PricewaterhouseCoopers. Evolution Mining Limited Directors' Report 30 June 2020 Directors' Report The Directors present their report together with the consolidated financial report of the Evolution Mining Limited Group, consisting of Evolution Mining Limited ("the Company") and the entities it controlled at the end of, or during, the year ended 30 June 2020.
    [Show full text]
  • 2006 Annual Report
    Heron Resources Limited ANNUAL REPORT 2006 Pulling the core, Siberia siliceous limonite Heron Resources Limited 21 Close Way, Kalgoorlie WA 6430 Level 1, 37 Ord Street, West Perth WA 6005 PO Box 1280, Kalgoorlie WA 6433 PO Box 1380, West Perth WA 6872 Phone +61 8 9091 9253 Phone +61 8 9215 4444 Fax +61 8 9091 9256 Fax +61 8 9215 4490 Corporate Directory Photo Gallery Heron in the Community DIRECTORS REGISTERED AND KALGOORLIE OPERATIONS OFFICE Craig Leslie Readhead BJuris LLB 21 Close Way Chairman (Non Executive) PO Box 1280, Kalgoorlie, WA 6430 46-50 Kings Park Road, West Perth WA 6005 Telephone: +61 8 9091 9253 Ian James Buchhorn BSc (Hons), Dipl Geosci (Min Econ), MAusIMM Facsimile: +61 8 9091 9256 Managing Director (Executive) Email: [email protected] Level 1 37 Ord Street, West Perth WA 6005 Website: http://www.heronresources.com.au Norman Mathew Longworth BSc (Hons), MAusIMM Chief Operating Officer and Director (Executive) PERTH MANAGEMENT OFFICE Level 1 37 Ord Street, West Perth WA 6005 Level 1, 37 Ord Street, West Perth WA 6005 Telephone: +61 8 9215 4444 Allan Trench PhD, BSc (Hons), MBA (Oxford), MSc (Min Econ) WASM, Facsimile: +61 8 9215 4490 MAusIMM Director (Non Executive) AUDITORS Level 1 37 Ord Street, West Perth WA 6005 Butler Settineri (Audit) Pty Limited 35-37 Havelock Street, West Perth WA 6005 COMPANY SECRETARY Ann Forrest, Ian Buchhorn and Mercy O’Loughlin unveiling NTP plaque Jean McKenzie (translator), Mat Longworth, Nerida Glanfield and Esther Sarah Helen Calvert BBus (Acc), ASA SOLICITOR TO THE COMPANY Roadnight from Hannans Rotary, and Barb McGillivray from the WNT Company Secretary Pullinger Readhead Lucas NTP Recognises Heron’s Support Language Centre at the Yilpa book launch Level 1 37 Ord Street, West Perth WA 6005 46-50 Kings Park Road, West Perth WA 6005 Heron Managing Director Ian Buchhorn unveiled a plaque to recognize Wongatha Language Centre supported by Heron ABN BANKERS Heron’s long-term support to Ngunytju Tjitji Pirni (NTP) infant health 30 068 263 098 Westpac Bank clinic.
    [Show full text]
  • Aussie Mine 2016 the Next Act
    Aussie Mine 2016 The next act www.pwc.com.au/aussiemine2016 Foreword Welcome to the 10th edition of Aussie Mine: The next act. We’ve chosen this theme because, despite gruelling market conditions and industry-wide poor performance in 2016, confidence is on the rise. We believe an exciting ‘next act’ is about to begin for our mid-tier miners. Aussie Mine provides industry and financial analysis on the Australian mid-tier mining sector as represented by the Mid-Tier 50 (“MT50”, the 50 largest mining companies listed on the Australian Securities Exchange with a market capitalisation of less than $5bn at 30 June 2016). 2 Aussie Mine 2016 Contents Plot summary 04 The three performances of the last 10 years 06 The cast: 2016 MT50 08 Gold steals the show 10 Movers and shakers 12 The next act 16 Deals analysis and outlook 18 Financial analysis 22 a. Income statement b. Cash flow statement c. Balance sheet Where are they now? 32 Key contributors & explanatory notes 36 Contacting PwC 39 Aussie Mine 2016 3 Plot summary The curtain comes up Movers and shakers The mining industry has been in decline over the last While the MT50 overall has shown a steadying level few years and this has continued with another weak of market performance in 2016, the actions and performance in 2016, with the MT50 recording an performances of 11 companies have stood out amongst aggregated net loss after tax of $1bn. the crowd. We put the spotlight on who these movers and shakers are, and how their main critic, their investors, have But as gold continues to develop a strong and dominant rewarded them.
    [Show full text]
  • Canadian Prospectus
    No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. This prospectus constitutes a public offering of these securities only in those jurisdictions where they may be lawfully offered for sale and therein only by persons permitted to sell such securities. The securities offered hereunder have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘‘U.S. Securities Act’’), or any U.S. state securities laws. Accordingly, except as permitted by the Agency Agreement and pursuant to exemptions from the registration requirements of the U.S. Securities Act and U.S. state securities laws, these securities may not be offered or sold within the United States. This prospectus does not constitute an offer to sell or a solicitation of an offer to buy any of these securities within the United States. See ‘‘Plan of Distribution’’. PROSPECTUS Initial Public Offering January 30, 2008 19NOV200714034669 ABN 33 006 243 750 C$22,001,200 8,462,000 Shares This prospectus qualifies the distribution (the ‘‘Offering’’) by Troy Resources NL (‘‘Troy’’ or the ‘‘Company’’) of an aggregate of 8,462,000 fully paid ordinary shares in the capital of Troy (the ‘‘Shares’’) to be issued and sold at a price of C$2.60 per Share (the ‘‘Offering Price’’) pursuant to the terms of an agency agreement dated as of January 30, 2008 (the ‘‘Agency Agreement’’) among Scotia Capital Inc., Macquarie Capital Markets Canada Ltd., National Bank Financial Inc. and RBC Dominion Securities Inc. (collectively, the ‘‘Agents’’) and the Company.
    [Show full text]
  • Hawthorn Resources Limited Abn 44 009 157 439
    HAWTHORN RESOURCES LIMITED ABN 44 009 157 439 (Formerly Great Gold Mines NL) ANNUAL REPORT 2009 Table of Contents Chairman’s Report 1 Review of Exploration Projects 2 Directors’ Report 10 Auditor’s Independence Declaration 22 Corporate Governance Statement 23 Income Statement 32 Balance Sheet 33 Cash Flow Statement 34 Statement of Changes in Equity 35 Notes for Financial Statements: 36 1. Basis of Preparation of Financial Statements 36 2. Segment Information 44 3. Revenue and Expenses 45 4. Taxation 45 5. Earnings per Share 46 6. Cash & Cash Equivalents 47 7. Receivables 47 8. Other Current Assets 47 9. Other Financial Assets 47 10. Exploration Expenditure 48 11. Plant and Equipment 48 12. Trade and Other Payables 49 13. Other financial Liabilities 49 14. Share Capital 49 15. Reserves 50 16. Share Based Payments 51 17. Interest in Joint Ventures 53 18. Cash Flow Statements 54 19. Commitments 55 20. Related Parties 56 21. Consolidated Entities 58 22. Financial Risk Management 59 23. Events After the Balance Date 60 24. Remuneration of Auditors 61 Directors’ Declaration 62 Independent Auditor’s Report 63 Tenement List 64 ASX Shareholder Information 66 Share Registry Information 69 Corporate Directory 70 Hawthorn Resources Limited Chairman’s Report Dear Shareholder This is the first full year of reporting to shareholders following the successful implementation of the Schemes of Arrangement between the Company and the security holders of Ellendale Resources NL (“Ellendale”) as completed on 10 June 2008 with the issue by the Company of the 654,135,744 ‘Scheme’ shares. Arising from the merger of the Company and Ellendale, Hawthorn Resources Limited (“Hawthorn”) is now an Australian diversified base metals, including iron ore, and gold explorer with strategic and significant tenement holdings throughout the Eastern Goldfields of Western Australia, South Australia and Queensland.
    [Show full text]
  • Focus Minerals and Focus Laverton Release Their Bidder’S and Target’S Statements
    ASX ANNOUNCEMENT 19 March 2013 FOCUS MINERALS AND FOCUS LAVERTON RELEASE THEIR BIDDER’S AND TARGET’S STATEMENTS Focus Minerals Ltd (“Focus”) [ASX: FML] and Focus Minerals (Laverton) Limited (“Focus Laverton”) today released their Bidder’s and Target’s Statements for the unconditional recommended off-market takeover offer by Focus for all of the remaining Focus Laverton shares it does not currently own (“Offer”). The Offer was announced to market on 15 March 2013. The transaction follows the previous takeover offer for Focus Laverton (previously known as Crescent Gold Limited) which closed in October 2011 (“Initial Takeover Bid”), with Focus acquiring 81.57% of Focus Laverton shares. The consideration being offered to Focus Laverton shareholders is 1 Focus share for every 0.725 Focus Laverton shares. At the closing price of Focus shares on 14 March 2013 of 2.0 cents per share, the Offer represents an implied offer price of 2.8 cents per Focus Laverton share.1 The independent expert appointed by Focus Laverton, BDO Corporate Finance, has opined that the transaction is fair and reasonable to Focus Laverton shareholders. Mr Don Taig, Chairman and Acting Chief Executive Officer of Focus Minerals said: “Full ownership of Focus Laverton will allow Focus to be better placed to invest, grow and expand the Laverton operations. Focus has the financial capacity to extract significant value from the Laverton operations for all shareholders of the merged entity.” The Independent Director of Focus Laverton, Mr Geoff Stanley, recommends that all Focus Laverton shareholders accept the Offer, in the absence of a superior proposal.
    [Show full text]
  • Positioned to Drive Value ANNUAL REPORT 2010 Leonora
    Positioned to drive value ANNUAL REPORT 2010 Leonora Southern Cross OPERATIONS The Gwalia mine at Leonora in Western Australia is the Company’s cornerstone asset, with 1.8 million ounces of gold in reserves and an indicative mine life in excess of nine years. Operations at Southern Cross in Western Australia are based around the Marvel Loch Underground mine and treatment plant. CONTENTS Chairman and Chief Executive Offi cer’s report 2 Chief Financial Offi cer’s review 8 Operations report 9 Discovery and Growth 14 Environment, safety and social responsibility 16 Board of Directors 18 Executives 20 Corporate Governance 21 Ore Reserves and Mineral Resources Statements 25 St Barbara Limited ABN 36 009 165 066 Leonora Processing Plant The fi rst year of our three year strategy to deliver value has been successful. Since 2009, St Barbara has focused on rejuvenating its operations, reviewing its organisational and performance capability and strengthening its fi nancial position. With these elements of the strategy almost complete, it is now time to transition to the next phase. With our established platform and strategy for growth, we are targeting an annual production rate of 500,000 ounces of gold by 2014. Achieving this target is a threshold point for recognition as an international scale gold producer. www.stbarbara.com.au – Annual Report 2010 :: 1 CHAIRMAN AND CHIEF EXECUTIVE OFFICER’S REPORT Positioned to drive value FINANCIAL YEAR 2010 WAS A YEAR OF GETTING OUR HOUSE IN ORDER AND ESTABLISHING SOLID FOUNDATIONS FOR GROWTH. A year of transformation and performance delivery The Company has undergone a comprehensive transformation to strengthen its fi nancial and operational capabilities.
    [Show full text]
  • Annual Report
    ANNUAL REPORT ASX: EVN www.evolutionmining.com.au CREATING AUSTRALIA’S PREMIER GOLD MINING COMPANY Evolution Mining is a leading, growth-focussed Australian gold miner. We extract and process gold from our six wholly-owned mines – the Cowal gold operation in New South Wales, Mt Carlton, Mt Rawdon, and Cracow in Queensland, and Mungari and Edna May in Western Australia. In addition, we hold an economic interest in the Ernest Henry copper- gold mine (Ernest Henry) in Queensland that will deliver 100% of future gold and 30% of future copper and silver from an agreed life of mine area. Outside of the life of mine area, we will have a 49% interest in future copper, gold and silver. In FY17 we improved the quality of our assets through the to protect and enhance our ‘social licence’ we have to go innovative Ernest Henry transaction and the sale of the above and beyond what is required by way of regulation Pajingo gold operation. We have a track record of always and legislation, by playing our part in developing strong achieving production and cash cost guidance and for and sustainable communities. making value accretive acquisitions. We are committed to attaining an outstanding level of We have grown into a genuine mid-tier since inception environmental performance in all our workplaces and we in November 2011 and now have a team of over 1,500 incorporate environmental considerations into all areas of employees and contractors whose safety, health and our business to effectively manage environmental impacts wellbeing is of paramount importance to us.
    [Show full text]
  • Aussie Mine 2014 Financial Analysis
    Standing out from the crowd Aussie Mine 2014 Financial analysis www.pwc.com.au What do the numbers show? Financial analysis Turning the corner? Aussie Mine index – historical metrics ($billion) For the first time since 2011, the value of our 70 Aussie Mine index1 has increased, albeit by a fairly modest 5% ($1.9 billion). The index is 60 still below where it was at June 2007 ($38.4 billion), which was the balance date for our 50 first ever Aussie Mine publication. Compared to other indices, the Aussie Mine index has 40 underperformed, with this year’s growth less than the ASX 300 (14%) and the Metals & 30 Mining index (11%). 20 Investors seem unconvinced 10 by mid-tier miners. 0 Unless the sector can start to deliver capital and -10 2007 2008 2009 2010 2011 2012 2013 2014 Changes since 2007 productivity improvements Revenue Net assets Profit/loss Index market capitalisation • The combined net assets of the and show they are viable index have grown by nearly 4.5 Source: Capital IQ, Company financial statements, PwC analysis through the cycle, we times, a huge investment ($28.9m), mostly in capital projects. believe there will be little This year in overview Operating margins have declined slightly from last year (19% vs 20%). The much • Unfortunately revenue has not grown movement in market • The year has seen revenues rise by about talked about focus on productivity does not to the same extent (2.8 times, or 10% to $24.5 billion, almost entirely sentiment – at least in the seem to have flowed through into the results $15.9 billion).
    [Show full text]
  • Replacement Prospectus Riversgold Ltd | ACN 617 614 598 for an Offer of up to 40,000,000 Shares at an Issue Price of A$0.20 Each to Raise up to A$8,000,000
    Replacement Prospectus Riversgold Ltd | ACN 617 614 598 For an offer of up to 40,000,000 Shares at an issue price of A$0.20 each to raise up to A$8,000,000 This Prospectus has been issued to provide information on the offer of up to 40,000,000 Shares to be issued at a price of A$0.20 per Share to raise up to A$8,000,000 (before costs). The minimum subscription under the offer is A$5,000,000. This is a replacement prospectus dated 11 August 2017. It replaces a prospectus dated 4 August 2017 relating to an offer of fully paid ordinary shares of Riversgold Ltd. It is proposed that the Offer will close at 5.00pm (WST) on 1 September 2017. The Directors reserve the right to close the Offer earlier or to extend this date without notice. Applications must be received before that time. This is an important document and requires your immediate attention. It should be read in its entirety. Please consult your professional adviser(s) if you have any questions about this document. Investment in the Shares offered pursuant to this Prospectus should be regarded as highly speculative in nature, and investors should be aware that they may lose some or all of their investment. Refer to Section 8 for a summary of the key risks associated with an investment in the Shares. Corporate Directory Directors Lawyers (Australia) Roderick Webster – Non-Executive Chairman DLA Piper Australia Allan Kelly – Managing Director Level 31, Central Park Jeffrey Foster – Non-Executive Director 152-158 St Georges Terrace Perth WA 6000 Australia Company Secretary Kevin Hart Lawyers (Cambodia) Sarin & Associates Registered Office No.
    [Show full text]
  • Genesis Annual Financial Statements
    Genesis Minerals Limited and controlled entities ABN 72 124 772 041 Annual Financial Report and Directors’ Report for the year ended 30 June 2020 For personal use only Genesis Minerals Limited and controlled entities Corporate Directory ABN 72 124 772 041 Directors Tommy McKeith (Non-Executive Chairman) Michael Fowler (Managing Director) Craig Bradshaw (Non-Executive Director) Gerry Kaczmarek (Non-Executive Director) Nic Earner (Non-Executive Director) Company Secretary Geoff James Registered Office and Principal Place of Business Unit 6, 1 Clive Street WEST PERTH WA 6005 Telephone: +61 8 9322 6178 Postal Address PO Box 937 WEST PERTH WA 6872 Share Register Computershare Investor Services Pty Ltd Level 11, 172 St Georges Terrace PERTH WA 6000 Auditors Bentleys Audit & Corporate (WA) Pty Ltd Level 3, 216 St Georges Terrace PERTH WA 6000 Internet Address www.genesisminerals.com.au Email Address [email protected] Securities Exchange Listing Genesis Minerals Limited shares are listed on the Australian Securities Exchange (ASX code: GMD). For personal use only 1 Genesis Minerals Limited and controlled entities Contents Directors' Report 3 Auditor’s Independence Declaration 23 Consolidated Statement of Profit or Loss and Other Comprehensive Income 24 Consolidated Statement of Financial Position 25 Consolidated Statement of Changes in Equity 26 Consolidated Statement of Cash Flows 27 Notes to the Consolidated Financial Statements 28 Directors' Declaration 47 Independent Auditor’s Report to Members 48 ASX Additional Information 52 Mineral Resource Information 56 For personal use only 2 Genesis Minerals Limited and controlled entities Directors’ Report Your directors submit their report on the consolidated entity (referred to hereafter as the Group) consisting of Genesis Minerals Limited and the entities it controlled at the end of, or during, the year ended 30 June 2020.
    [Show full text]
  • Quarterly Report, Period Ending 31 December 2001
    - page 1 of 20 - 21 Close Way, Kalgoorlie WA 6430 PO Box 1280, Kalgoorlie WA 6430 Phone 618 9091 9253 Facsimile 618 9091 9256 Email [email protected] Website http://heronresources.com.au 31 January 2002 The Company Announcement Officer Australian Stock Exchange Limited Post Office Box H224 - Australia Square SYDNEY NSW 2000 Dear Sir / Madam HERON RESOURCES LIMITED, QUARTERLY REPORT, PERIOD ENDING 31 DECEMBER 2001 QUARTER HIGHLIGHTS • At a General Meeting on 29 January 2002, Shareholders approved the de-merger of the precious metal assets from Heron Resources Limited (“Heron”). The de-merger will be facilitated by making a pro rata in specie distribution of 21,031,745 fully paid ordinary shares in Avoca Resources Limited (“Avoca”) to all Heron Shareholders. Avoca is now wholly owned by Heron Shareholders, and is working towards a public share issue and listing on ASX in the Second Quarter 2002. Heron Shareholders will have a priority right to subscribe for Avoca shares, such that they are entitled to subscribe for sufficient Avoca to maintain their pro- rata Avoca shareholding at the same percentage level as their Heron Shareholding. • The Company completed a private placement to Resource Capital Fund II L.P. (“RCF”). Under the terms of the placement, RCF subscribed for 4 million ordinary Shares in the capital of Heron to raise A$1.04 million, together with 2 million three year options (exercise by 20 December 2004) to subscribe for Heron shares at 35 cents per share. RCF is a Denver-based institutional resource investor, and is now the Company’s third largest Shareholder (3.8%).
    [Show full text]