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Gold Road Resources Limited Approves to Amend the Constitution

2022-05-19 08:14:00

Gold Road Resources Limited, at the AGM held on May 19, 2022 approved to amend the constitution.

Gold Road Resources Limited to Report Q1, 2022 Results on Apr 27, 2022

2022-04-21 05:46:00

Gold Road Resources Limited announced that they will report Q1, 2022 results on Apr 27, 2022

Gold Road Resources Limited, Q1 2022 Earnings Call, Apr 27, 2022

2022-04-21 05:46:00

Gold Road Resources Limited, Q1 2022 Earnings Call, Apr 27, 2022

Gold Road Resources Limited Proposes Amendment to Constitution

2022-04-07 06:22:00

Gold Road Resources Limited proposed amendment to the Constitution. If approved, the amended Constitution will provide greater flexibility and clarity around how the Company may conduct Hybrid Meetings in the future, particularly if the Corporations Act is permanently amended to be more facilitative of such meetings. More specifically, the amended Constitution will confirm the ability of the Company to hold meetings using or with the assistance of any technology approved by the Directors or in any manner permitted by law (subject to it being a Hybrid Meeting). Consequential provisions are also included to provide clarity around procedural matters, including to ensure that `online' attendees are treated as being present at the meeting and are counted for a quorum, and to confirm that the Directors may prescribe the detailed procedures by which meetings held with technological assistance may be conducted. The amendments do not permit wholly "virtual" online meetings. Other related amendments include confirming that Shareholders can return instruments appointing a proxy, attorney or corporate representative to the Company in any manner specified by the Directors for that purpose in the notice of meeting and that Board meetings may be convened and held in any manner permitted by law. Rule 2.6(a) of the Constitution currently allows up to three joint holders to be recorded in relation to Shares. It is proposed that rule 2.6(a) of the Constitution be amended to allow the Company to register the maximum number of joint holders permitted under the ASX Settlement Operating Rules. This will ensure that the Company's Constitution will enable the maximum number of joint holders to be registered once the CSP becomes operative. For instance, the proposed amendments: clarify that the acceptance by a director of a delegation of the Board's powers may, if the Board so resolves, be treated as an extra service or special exertion performed by the delegate for which additional remuneration may be payable; clarify that voting will be determined by a show of hands, unless a poll is required under any applicable law or demanded in accordance with the Constitution;clarify that the procedure for taking a poll will be as directed by the Chair and subject to any applicable law; allow for the rights attached to any class of shares to be varied by the written consent of 75% of the shares of the class or by a special resolution passed at a separate meeting of the holders of shares of the class, unless stated otherwise by the terms of issue. allow the Company by resolution to convert or reclassify shares from one class to another, subject to the Constitution rules regarding variation of class rights (see point directly above); explicitly allow the issue of options, which power currently exists under the Corporations Act; explicitly state that a director's membership is automatically vacated on bankruptcy or insolvency; clarify that a director may retain office (without re-election) for whichever is the longer of 3 years or past the third annual general meeting following the director's appointment; clarify that on written board resolutions that a director can abstain, and that the circular resolution is approved when the last person entitled to vote signs that resolution; and clarify that acts by the Board are not invalidated by a defect in a person's appointment as a director, or a person appointed as director being disqualified or not being entitled to vote, if that circumstance was not known by the Board at the time.

Gold Road Resources Limited Reports Gold Sales Results for the Quarter Ending March 2022

2022-04-06 22:20:00

Gold Road Resources Limited reported gold sales results for the quarter ending March 2022. Gold Road's gold sales totalled 35,080 ounces at an average price of AUD 2,434 per ounce and included delivery of 8,700 ounces at an average price of AUD 1,911 per ounce into forward sales contracts.

Gold Road Resources Limited (ASX:GOR) signed a bid implementation agreement to acquire DGO Gold Limited (ASX:DGO) for approximately AUD 250 million.

2022-04-04 00:00:00

Gold Road Resources Limited (ASX:GOR) signed a bid implementation agreement to acquire DGO Gold Limited (ASX:DGO) for approximately AUD 290 million on April 3, 2022. Each share of DGO Gold will be exchanged for 2.16 Gold Road Shares. As of May 30, 2022, exchange ratio for each share of DGO Gold is increased from 2.16 Gold Road Shares to 2.25 Gold Road Shares. Following the payment, Duncan Gibbs, John Mullumby and Hayden Bartrop will be appointed as Directors to the Boards of DGO Gold and its wholly owned subsidiaries; and Ross Hutton and Katina Law have agreed to resign from the Board of DGO gold immediately following the above appointments, these changes are expected to occur on or around June 24, 2022. Eduard Eshuys will remain as Executive Chairman, Bruce Parncutt will remain as Executive Director and Markus Ziemer will remain as DGO Gold's Company Secretary to assist with the transition and integration of the Gold Road and DGO businesses. Accordingly, Gold Road will assume control of day-to-day operations of the DGO Gold business. The deal is subject to approval from third party, regulatory body and consummation of due diligence as well as approval from DGO Gold Limited (ASX:DGO) board. The deal is also conditioned on the fact that at the end of the offer period, Gold Road has a relevant interest in at least 80% of all DGO Shares (on a fully diluted basis). As of April 21, 2022, the deal was unanimously recommended by Board of DGO Gold. If Gold Road (and its associates) acquire a relevant interest in 90% or more of the DGO Shares on issue and receive acceptances under the offer for at least 75% of the DGO Shares on issue, Gold Road will be entitled under the Corporations to proceed to acquire the other DGO Shares on issue compulsorily. Gold Road has stated in its bidder’s statement that it intends to carry out a compulsory acquisition of those DGO Shares if entitled to do so (and then to procure the removal of DGO from ASX’s official list). Accordingly, Gold Road may become entitled to acquire your DGO Shares even if you do not accept Gold Road’s offer. As of June 15, 2022, Gold Road is pleased to announce that, having achieved the 80% minimum acceptance condition applicable to the Offer has now been met and Gold Road has today waived all of the remaining defeating conditions to the Offer and declared its Offer unconditional. The board of DGO Gold recommend the shareholder to accept the offer. If DGO Gold shareholders do not accept the Offer but Gold Road becomes entitled to proceed to compulsory acquisition in accordance with Part 6A.1 of the Corporations Act. As of April 7, 2022, offer is expected to open on April 8, 2022 and close on May 9, 2022.The transaction is expected to close on June 30, 2022. The transaction is expected to close on June 9, 2022. Computershare Investor Services Pty Limited acted as share registrar to Gold Road Resources Limited. RBC Capital Markets, Australia acted as financial advisor to Gold Road Resources Limited. Corrs Chambers Westgarth acted as legal advisor to Gold Road Resources Limited. Greenhill & Co. Australia Pty Limited acted as financial advisor to DGO Gold Limited. Piper Alderman acted as legal advisor to DGO Gold Limited. Link Market Services Limited acted as share registrar to DGO.

Gold Road Resources Limited - Shareholder/Analyst Call

2022-04-03 08:56:00

Annual General Meeting

Gold Road Resources Limited, 0.005 (AUD), Cash Dividend, Apr-01-2022

2022-03-28 00:00:00

Gold Road Resources Limited, 0.005 (AUD), Cash Dividend, Apr-01-2022

Gold Road Resources Limited, Annual General Meeting, May 19, 2022

2022-03-22 06:18:00

Gold Road Resources Limited, Annual General Meeting, May 19, 2022, at 14:00 W. Australia Standard Time. Location: The Melbourne Hotel, 33 Milligan Street Karingal Ballroom Perth Western Australia Australia Agenda: To consider the election of directors.

Gold Road Resources Limited Announces Yamarna Mineral Resource Grows and Exploration Update

2022-01-30 21:18:00

Gold Road Resources Limited reported a 0.21 million ounce (70%) increase to its 100% owned Mineral Resources of 6.4 million tonnes at 2.44 g/t Au for 0.51 million ounces, and continued exploration progress on its 100% owned Yamarna Project in Western Australia. Gold Road's exploration strategy is focused on delivering economic gold deposits that can be developed as standalone mining operations, creating shareholder value through organic growth. The 100% owned Mineral Resources are located primarily within the Southern Project Area and incorporate extensions to the Gilmour and Renegade Resources and Maiden Mineral Resources from Smokebush and Warbler. When incorporated with an Attributable Mineral Resource from the Gruyere JV of 4.23 million ounces, Gold Road's current total Attributable Mineral Resources are 102.8 million tonnes at 1.43 g/t Au for 4.73 million ounces as at 31 December 2021. RC drilling at the Abydos, Earl and Waffler prospects returned encouraging results on mineralised trends associated with the Smokebush Shear Zone. Highlights include: Earl: 17 metres at 1.27 g/t Au from 42 metres, 15 metres at 1.18 g/t Au from 129 metres and 10 metres at 1.05 g/t Au from 48 metres. Waffler: 6 metres at 1.48 g/t Au from 206 metres and 4 metres at 2.37 g/t Au from 226 metres. Abydos: 2 metres at 3.63 g/t Au from 235 metres. Further assay results from the previously reported aircore drilling programs at Waffler, Kingston and Beefwood prospects have defined several encouraging regolith anomalies that will be tested with follow-up RC drilling in 2022. Gold Road's 100% owned Yamarna Mineral Resource has increased by 0.21 million ounces, or 70%, to 6.4 million tonnes at 2.44 g/t Au for 0.51 million ounces and is constrained within optimised open pit shells and underground stope shape areas, based on a AUD 2,200 per ounce gold price assumption with deposit-specific modifying factors and cut-off grades. When incorporated with an Attributable Mineral Resource from the Gruyere JV of 4.23 million ounces 2, Gold Road currently has total Attributable Mineral Resources of 102.8 million tonnes at 1.43 g/t Au for 4.73 million ounces. The 100% owned Yamarna Mineral Resource Inventory incorporates updates and extensions to the previously reported Gilmour and Renegade Mineral Resources 3, as well as Maiden Mineral Resources from the Smokebush and Warbler Deposits.

Gold Road Resources Limited to Report Q4, 2021 Results on Jan 31, 2022

2022-01-20 06:48:00

Gold Road Resources Limited announced that they will report Q4, 2021 results on Jan 31, 2022

Gold Road Resources Limited, Q4 2021 Earnings Call, Jan 31, 2022

2022-01-20 06:48:00

Gold Road Resources Limited, Q4 2021 Earnings Call, Jan 31, 2022

Ramelius Kalgoorlie Pty Ltd completed the acquisition of Apollo Consolidated Limited from a group of shareholders.

2021-12-17 00:00:00

Ramelius Kalgoorlie Pty Ltd entered into a bid implementation agreement to acquire Apollo Consolidated Limited (ASX:AOP) from a group of shareholders for approximately AUD 160 million on October 17, 2021. Ramelius Resources Limited offered to acquire all the issued ordinary shares of Apollo by way of an off-market takeover offer. Apollo shareholders will receive an implied offer price of AUD 0.56 per share comprising AUD 0.34 in cash and 0.1375 Ramelius shares per Apollo share. As of November 1, 2021, Ramelius revised the Offer and will pay AUD 0.34 in cash and 0.1778 Ramelius shares per Apollo share (Revised Offer). The offer will extend to all Apollo shares, including those issued as a result of the exercise of options during the offer period. Separate offers are being made for certain options, on terms that are consistent with the offer. The bid implementation agreement contains customary deal protection mechanisms including “no shop, no talk” and “no due diligence” restrictions. Apollo Directors and management have entered binding agreements to accept the offer for all the shares they own or control representing 13.7% of Apollo’s issued shares within 7 days of the offer opening, in the absence of a superior offer. The cash component of the offer consideration, representing a total of AUD 99 million, will be funded from Ramelius’ existing cash reserves of AUD 234 million as at June 30, 2021. A market-standard break fee will be payable by Apollo to Ramelius in certain circumstances. Apollo Consolidated agrees to procure the resignation of all of its Directors other than the Nominee Directors. Ramelius Resources Limited will have the right to appoint such number of nominees (Nominee Directors) so as to comprise the majority of Apollo Consolidated’s Board. Ramelius Resources Limited will offer to continue the employment of all personnel of Apollo Consolidated on terms no less favorable than their existing terms of employment. The transaction is subject to 90% minimum acceptance by Apollo Shareholders, receipt of any regulatory approvals required, third part approval, no order, investigation or application is made which restrains, prohibits or impedes the offer, Apollo’s tenements are maintained in their current form, no material disposals, cancellation or new commitments by Apollo, no material adverse change occurring and standard ‘ordinary course of business’ restrictions on the conduct of Apollo’s business. Conditional upon Ramelius Resources Limited declaring the bid to be free from all bid conditions or the bid otherwise becoming unconditional and having acceptances of at least 50.1% of shares of Apollo Consolidated. Conditional upon Ramelius Resources Limited declaring the bid to be free from all bid conditions or the bid otherwise becoming unconditional and having acceptances of at least 90% of all Apollo Consolidated’s shares. The Revised Offer is unconditional and unanimously recommended by the Apollo Directors, in the absence of a superior offer. Ramelius has entered into binding agreements with Apollo’s Board and a substantial shareholder to immediately accept into the Revised Offer in relation to shares which they own or control, which will result in Ramelius having acquired a 19.9% interest in Apollo. If an Apollo Shareholder does not dispose of their Apollo Shares under the Offer and their Apollo Shares are compulsorily acquired, those Apollo Shareholders will also be treated as having disposed of their Apollo Shares for CGT purposes. The Board of Directors of Apollo Consolidated unanimously recommend the shareholders to accept the offer in the absence of superior offer. The bidder statement is expected to be dispatched to Apollo shareholders by October 29, 2021. The offer will open on October 29, 2021 and close on December 1, 2021. The Revised Offer will open on November 1, 2021 and will close on December 3, 2022. As on November 10, 2021, Gold Road has agreed to accept into Ramelius’ Revised Offer with respect to all of the 58,324,117 Apollo shares which it owns or controls, representing 19.9% of Apollo Consolidated Limited. Following acceptances received by Ramelius from Gold Road and other Apollo shareholders to date, Ramelius now has a relevant interest in 121,902,948 Apollo shares, representing 41.8% of Apollo’s issued share capital. As of November 12, 2021, Ramelius now has a relevant interest in excess of 50% of Apollo Consolidated Limited which leads to get control over Apollo Consolidated Limited. As of November 22, 2021, Ramelius now has a relevant interest in excess of 65.8% of Apollo Consolidated Limited which leads to get control over Apollo Consolidated Limited. As of November 26, 2021, Ramelius has a relevant interest if 74.01% stake in Apollo Consolidated Limited. Ramelius strongly encourages all Apollo shareholders to ACCEPT into Ramelius’ Revised Offer which is unconditional and recommended by Apollo’s Board of Directors. In exercising its control position, Ramelius has appointed its own nominees to the board of Apollo with two existing Apollo directors resigning. As of December 2, 2021, the offer period is extended to December 17, 2021. As of December 3, 2021, Ramelius Kalgoorlie acquired 90.82% stake in Apollo. Apollo shareholders who have not accepted the Offer before the closing date will not receive the Offer Consideration until after the compulsory acquisition process is completed, which is likely to be longer than one month after the Offer closes. The independent Apollo Directors have unanimously recommended that remaining shareholders accept Ramelius’ Offer. Azure Capital Pty Ltd. acted as the financial advisor and Allion Legal acted as the legal advisor to Ramelius. Deloitte Corporate Finance LLC acted as the financial advisor and Steinepreis Paganin acted as the legal advisor to Apollo. Computershare Investor Services Pty Limited acted as registrar to Ramelius. Azure Capital is entitled to receive AUD 1.5 million and Allion Partners will receive AUD 0.125 million as advisory fees. In response to the Improved Ramelius Offer, Gold Road advises that it does not intend to improve the AUD 0.56 cash per Apollo share consideration offered under its unconditional off-market takeover offer for Apollo. Ramelius Kalgoorlie Pty Ltd completed the acquisition of Apollo Consolidated Limited from a group of shareholders on December 17, 2021.

Gold Road Resources Limited to Report Q3, 2021 Results on Oct 27, 2021

2021-10-27 11:34:00

Gold Road Resources Limited announced that they will report Q3, 2021 results on Oct 27, 2021

Gold Road Resources Limited Presents Updated Ore Reserve

2021-10-26 22:28:00

Gold Road Resources Limited (Gold Road), presents an updated Ore Reserve Statement as at 30 September 20211 (September 2021 Ore Reserve) for the Gruyere Joint Venture (Gruyere JV). The Gruyere JV is a 50:50 joint venture with Gruyere Mining Company Pty Ltd, a member of the Gold Fields Ltd. Group (Gold Fields), who manage and operate the Gruyere Gold Mine. This Ore Reserve update is estimated and reported by Gold Road based on comprehensive studies prepared by the manager of the Gruyere JV. Gruyere JV Open Pit Mineral Resources2 remain unchanged from the December 2020 estimate at 155.8 million tonnes at 1.34 g/t Au for 6.71 million ounces. The previously reported Gruyere open pit Mineral Resource included 1.2 million ounces of Indicated Mineral Resources below the Ore Reserve pit design reported as at 31 December 2020. The increase in the Ore Reserve is based on the inclusion of these Indicated Mineral Resources below the previous Ore Reserve, and the completion of comprehensive studies between 2019 and 2021. The Ore Reserve pit design is derived from an optimisation at a gold price of AUD 1,750 per ounce and incorporates steeper (up to 4 degrees) geotechnical slopes within fresh rock. The Gruyere Project's open pit mine life has been extended 4 taking Gruyere production out to 2032 at a scheduled future average annual production rate of approximately 350,000 ounce per annum. Gold Road's attributable Ore Reserve has increased by 31% from 1.74 million ounces2 to 2.27 million ounces of gold (after mining depletion). The September 2021 Ore Reserve is based on the previously reported 2020 Mineral Resource model 5 and is depleted as at 30 September 2021. The September 2021 Ore Reserve incorporates updated mining and processing information based on actual performance, and comprehensive studies undertaken between 2019 and 2021. The studies completed include: Geotechnical drilling and analysis, which combined with operational experience and data, support a steepening of the overall fresh rock slope angles by 4 degrees 6, with a slight reduction on oxide pit slope angles to improve near surface pit wall stability. Metallurgical drilling and test work which confirm the consistent nature of the ore body at depth. Pit optimisation, at the Gruyere JV partners agreed gold price of AUD 1,750 per ounce. Design of an open pit with two additional mine stage areas to an ultimate depth of approximately 500 metres below surface. Two independent dual lane ramping systems enabling flexibility with scheduling and execution in the open pit design. A review of waste landform design and the associated mine closure requirements. Options studies on expansions of tailings storage capacity required for the increased mine production, including processing of the Gruyere and Golden Highway Ore Reserves. Estimation of mining, processing and other costs based on these studies and operational data.

Gold Road Resources Limited, Q3 2021 Earnings Call, Oct 27, 2021

2021-10-26 08:57:00

Gold Road Resources Limited, Q3 2021 Earnings Call, Oct 27, 2021

Gold Road Resources Limited (ASX:GOR) made an offer to acquire Apollo Consolidated Limited (ASX:AOP) from Yi Weng and Ning Li, Yarraandoo Pty Ltd, Geoffrey James Harris and others for approximately AUD 130 million.

2021-10-21 00:00:00

Gold Road Resources Limited (ASX:GOR) made an offer to acquire Apollo Consolidated Limited (ASX:AOP) from Yi Weng and Ning Li, Yarraandoo Pty Ltd, Geoffrey James Harris and others for approximately AUD 130 million on October 21, 2021. Gold Road Resources Limited offered to acquire all the issued ordinary shares of Apollo by way of an off-market takeover offer. Apollo shareholders will receive an implied offer price of AUD 0.56 per share within five Business Days of acceptance. The Offer relates to all Apollo Shares that exist or will exist on the Register Date, other than the Apollo Shares owned by Gold Road. The Offer also extends to all Apollo Shares that are issued during the Offer Period due to conversion of any Apollo Options that exist at the Register Date. As the Offer is unconditional, from the date of this Bidder’s Statement, Gold Road also intends to exercise its rights under item 2 of section 611 of the Corporations Act and has appointed Argonaut Securities to stand in the market on the ASX and purchase, on Gold Road’s behalf, Apollo Shares at the Cash Consideration price of AUD 0.56 per Apollo Share. Upon completion under the Share Purchase Agreements Gold Road will be Apollo’s largest shareholder with a relevant interest of 19.9%. Each of Yi Weng & Ning Li and Yarraandoo Pty Ltd will remain substantial holders of Apollo Shares by virtue of the ongoing relevant interest in Apollo Shares arising from their rights under the Share Purchase Agreements. Ramelius Resources Limited, Yi Weng & Ning Li, Yarraandoo Pty Ltd, Capricorn Group and Roger Christian Steinepreis currently holds a right 13.75%, 12.1%, 8.7%, 6.9% and 5.2% respectively where Ramelius held it by virtue of Apollo Directors and Apollo management agreed to accept its offer under agreement. Under share purchase agreements dated October 20, 2021 between Gold Road and each of: (a) Yi Weng and Ning Li, Gold Road agreed to purchase a total of 33,330,631 Apollo Shares from Yi Weng and Ning Li; and (b) Yarraandoo Pty Ltd and Geoffrey James Harris, Gold Road agreed to purchase a total of 24,993,486 Apollo Shares from Yarraandoo Pty Ltd and Geoffrey James Harris. Gold Road is not offering to acquire any Options under the Offer. Gold Road and its Associates together have relevant interests in at least 90% and have acquired at least 75% Gold Road will be entitled to compulsorily acquire all outstanding Apollo Shares. The Ramelius Offer has a significant scrip component which is of uncertain value and is subject to 15 conditions, including a 90% minimum acceptance condition and a condition that no person acquiring a relevant interest in 10% or more of the Apollo Shares on issue. As a result of Gold Road becoming a 19.9% shareholder in Apollo, the Ramelius Offer is no longer capable of execution without a waiver of these conditions. The consideration will be be funded by Gold Road from its available internal cash and short-term deposits of AUD 116 million as at September 30, 2021 and will otherwise drawdown on its currently undrawn AUD 250 million Revolving Credit Facility. Gold Road intends to replace all members of the Apollo Board with its own nominees and will seek to provide continued employment to Apollo’s existing workforce. The Offer is not subject to any conditions. Argonaut is acting as a financial advisor and broker and King & Wood Mallesons as a legal adviser to Gold Road Resources Limited for the transaction. Computershare Investor Services Pty Limited acted as share registrar for Gold Road Resources.

Apollo Consolidated Limited, Gold Road Resources Limited - M&A Call

2021-10-20 00:00:00

Gold Road Resources Limited to acquire all of the issued and outstanding ordinary shares in Apollo Consolidated Limited

Ramelius Kalgoorlie Pty Ltd entered into a bid implementation agreement to acquire Apollo Consolidated Limited (ASX:AOP) from a group of shareholders for approximately AUD 180 million.

2021-10-18 00:00:00

Ramelius Kalgoorlie Pty Ltd entered into a bid implementation agreement to acquire Apollo Consolidated Limited (ASX:AOP) from a group of shareholders for approximately AUD 160 million on October 17, 2021. Ramelius Resources Limited offered to acquire all the issued ordinary shares of Apollo by way of an off-market takeover offer. Apollo shareholders will receive an implied offer price of AUD 0.56 per share comprising AUD 0.34 in cash and 0.1375 Ramelius shares per Apollo share. As of November 1, 2021, Ramelius revised the Offer and will pay AUD 0.34 in cash and 0.1778 Ramelius shares per Apollo share (Revised Offer). The offer will extend to all Apollo shares, including those issued as a result of the exercise of options during the offer period. Separate offers are being made for certain options, on terms that are consistent with the offer. The bid implementation agreement contains customary deal protection mechanisms including “no shop, no talk” and “no due diligence” restrictions. Apollo Directors and management have entered binding agreements to accept the offer for all the shares they own or control representing 13.7% of Apollo’s issued shares within 7 days of the offer opening, in the absence of a superior offer. The cash component of the offer consideration, representing a total of AUD 99 million, will be funded from Ramelius’ existing cash reserves of AUD 234 million as at June 30, 2021. A market-standard break fee will be payable by Apollo to Ramelius in certain circumstances. Apollo Consolidated agrees to procure the resignation of all of its Directors other than the Nominee Directors. Ramelius Resources Limited will have the right to appoint such number of nominees (Nominee Directors) so as to comprise the majority of Apollo Consolidated’s Board. Ramelius Resources Limited will offer to continue the employment of all personnel of Apollo Consolidated on terms no less favorable than their existing terms of employment. The transaction is subject to 90% minimum acceptance by Apollo Shareholders, receipt of any regulatory approvals required, third part approval, no order, investigation or application is made which restrains, prohibits or impedes the offer, Apollo’s tenements are maintained in their current form, no material disposals, cancellation or new commitments by Apollo, no material adverse change occurring and standard ‘ordinary course of business’ restrictions on the conduct of Apollo’s business. Conditional upon Ramelius Resources Limited declaring the bid to be free from all bid conditions or the bid otherwise becoming unconditional and having acceptances of at least 50.1% of shares of Apollo Consolidated. Conditional upon Ramelius Resources Limited declaring the bid to be free from all bid conditions or the bid otherwise becoming unconditional and having acceptances of at least 90% of all Apollo Consolidated’s shares. The Revised Offer is unconditional and unanimously recommended by the Apollo Directors, in the absence of a superior offer. Ramelius has entered into binding agreements with Apollo’s Board and a substantial shareholder to immediately accept into the Revised Offer in relation to shares which they own or control, which will result in Ramelius having acquired a 19.9% interest in Apollo. If an Apollo Shareholder does not dispose of their Apollo Shares under the Offer and their Apollo Shares are compulsorily acquired, those Apollo Shareholders will also be treated as having disposed of their Apollo Shares for CGT purposes. The Board of Directors of Apollo Consolidated unanimously recommend the shareholders to accept the offer in the absence of superior offer. The bidder statement is expected to be dispatched to Apollo shareholders by October 29, 2021. The offer will open on October 29, 2021 and close on December 1, 2021. The Revised Offer will open on November 1, 2021 and will close on December 3, 2022. As on November 10, 2021, Gold Road has agreed to accept into Ramelius’ Revised Offer with respect to all of the 58,324,117 Apollo shares which it owns or controls, representing 19.9% of Apollo Consolidated Limited. Following acceptances received by Ramelius from Gold Road and other Apollo shareholders to date, Ramelius now has a relevant interest in 121,902,948 Apollo shares, representing 41.8% of Apollo’s issued share capital. As of November 12, 2021, Ramelius now has a relevant interest in excess of 50% of Apollo Consolidated Limited which leads to get control over Apollo Consolidated Limited. As of November 22, 2021, Ramelius now has a relevant interest in excess of 65.8% of Apollo Consolidated Limited which leads to get control over Apollo Consolidated Limited. As of November 26, 2021, Ramelius has a relevant interest if 74.01% stake in Apollo Consolidated Limited. Ramelius strongly encourages all Apollo shareholders to ACCEPT into Ramelius’ Revised Offer which is unconditional and recommended by Apollo’s Board of Directors. In exercising its control position, Ramelius has appointed its own nominees to the board of Apollo with two existing Apollo directors resigning. As of December 2, 2021, the offer period is extended to December 17, 2021. As of December 3, 2021, Ramelius Kalgoorlie acquired 90.82% stake in Apollo. Apollo shareholders who have not accepted the Offer before the closing date will not receive the Offer Consideration until after the compulsory acquisition process is completed, which is likely to be longer than one month after the Offer closes. The independent Apollo Directors have unanimously recommended that remaining shareholders accept Ramelius’ Offer. Azure Capital Pty Ltd. acted as the financial advisor and Allion Legal acted as the legal advisor to Ramelius. Deloitte Corporate Finance LLC acted as the financial advisor and Steinepreis Paganin acted as the legal advisor to Apollo. Computershare Investor Services Pty Limited acted as registrar to Ramelius. Azure Capital is entitled to receive AUD 1.5 million and Allion Partners will receive AUD 0.125 million as advisory fees. In response to the Improved Ramelius Offer, Gold Road advises that it does not intend to improve the AUD 0.56 cash per Apollo share consideration offered under its unconditional off-market takeover offer for Apollo.

Gold Road Resources Limited Appoints John Mullumby as Chief Financial Officer

2021-10-15 05:16:00

Gold Road Resources Limited appointed Mr. John Mullumby as Chief Financial Officer (CFO) as of 15 December 2022. This is a new position within Gold Road. John has significant experience in the mining industry having held senior finance roles at Newcrest Mining Ltd, Nyrstar N.V and Deloitte in Australia, Papua New Guinea, Europe and North America. At Newcrest Mining, John played a key role in the turnaround of performance and significant cost reduction at the Lihir Gold Mine. John has extensive experience in financial reporting, public market transactions, international M&A, procurement, joint venture and contract management, metals marketing, domestic and international tax, leadership and ESG initiatives.

Gold Road Resources Limited Production Guidance for the Quarter Ending in December and for the Year 2021

2021-10-03 21:19:00

Gold Road Resources Limited production Guidance for the Quarter ending in December and for the year 2021. For the year, The company production guidance has been revised to between 250,000 and 260,000 ounces (100% basis) from original guidance of between 260,000 and 300,000 ounces (100% basis). For the Quarter, Production rates will increase in the December 2021 quarter as a result of higher grades and a component of softer oxide ore. December quarter production is guided at between 71,000 and 81,000 ounces (100% basis).

Gold Road Resources Limited Provides Gruyere Production Update

2021-09-29 04:41:00

Gold Road Resources Limited reports a disruption to processing plant operations at the Gruyere Gold Mine. The Gruyere JV is a 50:50 joint venture with Gruyere Mining Company Pty Ltd, a member of the Gold Fields Ltd. Group, who manages and operates the Gruyere gold mine. Owing to a failure of a trunnion bearing, the ball mill was shut down on 28 September 2021 and the processing plant is currently operating at a reduced throughput rate andprocessing recovery utilising the SAG mill only. Repairs to the trunnion bearing and an investigation into root cause are underway. It is currently anticipated that the ball mill will remain out of service for three to seven days.

Gold Road Resources Limited Continues to Make Good Exploration Progress at Yamarna

2021-09-13 22:19:00

Gold Road Resources Limited continued to make good exploration progress at Yamarna. The exploration programme is focused on defining new targets with aircore, testing areas that have received little exploration to date, while advancing existing targets with RC and diamond drilling in the Southern Project Area. Gold Road's exploration strategy is directed at delivering economic gold deposits that can be developed as standalone mining operations, creating shareholder value through organic growth. Diamond and RC drilling to test for extensions of mineralisation at the Smokebush prospect have intersected favourable geology and high-grade gold mineralisation. Selected intersections include: 3.95 metres at 10.17 g/t Au from 347.35 metres (YMDD00026), 23.20 metres at 2.52 g/t Au from 221.80 metres and 17.00 metres at 5.74 g/t Au from 279.50 metres (YMRC00066), 4 metres at 13.66 g/t Au from 72 metres (YMRC00064) 26 metres at 1.59 g/t Au from 71 metres and 9 metres at 3.60 g/t Au from 128 metres (YMRC00065). RC and diamond drilling has returned a number of encouraging results from this new target on a mineralised trend that continues to the north of the Kingston prospect. Better results include: 15 metres at 3.06 g/t Au from 201 metres (YMRC00053), 6 metres at 3.84 g/t Au from 102 metres (YMDD00024). Further assay results from the previously reported 2 aircore programmes at the Gilmour South, Waffler and Kingston prospects have defined a number of encouraging regolith anomalies that will be tested with follow-up RC drilling this year. Gold Road's exploration strategy is directed at delivering economic gold deposits that can be developed as standalone mining operations, creating shareholder value through organic growth. The 2021 Yamarna exploration programmes focus on priority targets within the Southern Project Area, an area exhibiting the key geological elements required for hosting major gold deposits, such as fertile regional structures, prospective host rocks and local structural complexity. The 2021 exploration budget of $27 million is increasing by $6 million to $33 million, with the additional expenditure primarily intended to accelerate aircore and reverse circulation (RC) drill testing of promising new exploration targets and to fund the higher costs of some exploration services. During 2021, 90 kilometres of 2.5D seismic survey was completed. Seismic is an innovative tool, with the survey designed to assist in mapping the structural architecture across the Southern Project Area. This seismic survey complements the existing high quality gravity, magnetics and geochemistry datasets in the region and will further assist drill targeting as the processed data becomes available later in the year. Aircore drilling through 2020 and 2021 has tested an extensive portion of the Southern Project Area, with drilling productivity improving through 2021. This has allowed Gold Road to test a considerably larger area than initially planned. Due to the underexplored nature of this greenstone belt, a significant expanse of prospective tenure remains untested. The aircore drilling budget for the remainder of 2021 has been increased to allow for first pass exploration to be accelerated over untested areas and to complete infill programmes over new targets that include significant multi- kilometre strike extent gold-in-regolith trends. A total of 140,000 metres of aircore is now planned for the year. The increased budget allows Gold Road to fast track the deeper follow-up RC drilling to test a growing number of encouraging targets generated from early-stage RC and regional aircore programmes (Figure 1). A total of 40,000 metres of RC drilling will target the new areas and aims to delineate strike and depth extents of mineralisation at multiple prospects, including: the Gilmour South prospect which returned regolith anomalism in aircore drilling associated with the same geological sequence as seen at the 258,000 ounce Gilmour Mineral Resource immediately to the north; the Waffler prospect which hosts a number of multi-kilometre gold-in-regolith anomalies located in the hangingwall to the prospective Smokebush Shear Zone; the Earl prospect, where drilling returned 40.86 metres at 0.45 g/t Au from 225.14 metres, including 3.80 metres at 2.35 g/t Au from 228.00 metres (20KGDD0007); the Abydos prospect which has returned encouraging bedrock mineralisation associated with laminated quartz veining over several RC and diamond holes, including 15 metres at 3.06 g/t Au from 201 metres (YMRC00053) and 6 metres at 3.84 g/t Au from 102 metres (YMDD00024); and the Kingston prospect where recent aircore has defined a new coherent 2 kilometre trend of elevated (>100 ppb) gold in-regolith samples, including results up to 16 metres at 1.73 g/t Au from 28 metres (YMAC02577).

Gold Road Resources Limited, 0.005 (AUD), Cash Dividend, Sep-27-2021

2021-09-09 00:00:00

Gold Road Resources Limited, 0.005 (AUD), Cash Dividend, Sep-27-2021

Gold Road Resources Limited Announces Fully Franked Interim Dividend for the Six Months Ended 30 June 2021, Payable on 28 October 2021

2021-09-08 22:17:00

Gold Road Resources Limited announced as a result of the ongoing financial performance of the Company, the Board has determined dividend amount of 0.5 cents per share fully franked interim dividend to shareholders for the six months ended 30 June 2021. For the dividend Ex-Dividend date on 27 September 2021, Record date on 28 September 2021 and Payment date /Issue date on 28 October 2021.

Gold Road Resources Limited Appoints Denise McComish as an Independent Non-Executive Director and Chair of the Audit Committee, Effective 7 September 2021 and 1 October 2021 Respectively

2021-09-02 02:13:00

Gold Road Resources Limited announce it has appointed Ms Denise McComish as an independent non-executive director of the Company effective 7 September 2021 and Chair of the Audit Committee effective 1 October 2021. Ms McComish was a Partner with KPMG Australia for 30 years, and served as a National Board Member and National Mining Leader. She has extensive audit and advisory experience including governance and risk, capital transactions and regulatory filings with national and global companies. Ms McComish has international experience across multiple sectors, principally in energy and natural resources, financial services and infrastructure. Ms McComish is a currently a non-executive director and Chair of the Audit Committee at Webjet Limited, Beyond Blue Limited and Chief Executive Women, and is a non-executive director of Macmahon Holdings Limited. She is also a member of the Australian Takeovers Panel and Chair of the Advisory Board for the School of Business and Law at Edith Cowan University.

Gold Road Resources Limited Announces Retirement of Sharon Warburton as Non-Executive Director

2021-08-19 22:08:00

Gold Road Resources Limited announced that independent non-executive director, Ms. Sharon Warburton, will retire as a director of the Company, effective 30 September 2021. Ms. Warburton joined Gold Road in May 2016 and has served as Chair of the Audit Committee, and a member of the Risk & ESG Committee, Remuneration Committee and Nomination Committee. The Company intends to announce the appointment of an additional independent non-executive director, with requisite skills to serve as Chair of the Audit Committee, imminently.

Gold Road Resources Limited, Q2 2021 Earnings Call, Jul 28, 2021

2021-07-21 02:33:00

Gold Road Resources Limited, Q2 2021 Earnings Call, Jul 28, 2021

Gold Road Resources Limited to Report Q2, 2021 Results on Jul 28, 2021

2021-07-21 02:33:00

Gold Road Resources Limited announced that they will report Q2, 2021 results on Jul 28, 2021

Gold Road Resources Limited Presents at Diggers and Dealers Mining Forum, Aug-04-2021 08:35 AM

2021-06-30 19:09:00

Gold Road Resources Limited Presents at Diggers and Dealers Mining Forum, Aug-04-2021 08:35 AM. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoolie, Western Australia, Australia. Speakers: Duncan Gibbs, MD, CEO & Director.