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Not sure why the move today, but appears to be the phosphate or potash connection. AMN had a good day also.
AEV - Avenira Limited
- Thread starter yogi-in-oz
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29 April 2022
$1.45 million Entitlements Offer Fully Subscribed
Avenira Limited (ASX:AEV) (“Avenira” or "Company") wishes to advise that the pro-rata non-renounceable entitlement offer to existing eligible shareholders to raise approximately $1.45 million ("Entitlement Offer") which closed on 21 April 2022 was fully subscribed.
The funds raised under the Entitlement Offer will be used to advance Avenira’s phosphate, and gold exploration projects in Australia.
A total of 111,231,602 New Shares and 37,077,000 New Options were issued to shareholders under the entitlement offer. The unquoted options have an exercise price of $0.022 and a 30 April 2024 expiry date.
Existing shareholders applied for 52.2 million shares pursuant to the Entitlement under the Offer and also subscribed for the remaining 59.1 million Shortfall Shares.
Avenira’s Executive Chairman, Brett Clark said,
“This is a very good outcome, and we thank our shareholders for their ongoing support.
The strong global demand for phosphate for use in electric vehicle industries and agriculture has accelerated the importance of the Wonarah Phosphate Project for Avenira and these funds will allow us to progress development of the
Tier 1 Phosphate asset.
We look forward to the outcome of the Wonarah phosphate scoping study currently underway and our team continues to investigate strategic partnerships.
We recognize the value of participation in the supply chains servicing electric vehicle and agriculture markets and will assess opportunities in the best interests of shareholders.
The prospective Jundee South gold exploration will continue to be advanced subject to receival, analysis and interpretation of drilling results from Q4, 2021 drilling program.
The continued delays in the laboratory and assaying industry with respect to results are well documented and the Company is keenly focused to accelerate the receival of results as soon as possible.”
$1.45 million Entitlements Offer Fully Subscribed
Avenira Limited (ASX:AEV) (“Avenira” or "Company") wishes to advise that the pro-rata non-renounceable entitlement offer to existing eligible shareholders to raise approximately $1.45 million ("Entitlement Offer") which closed on 21 April 2022 was fully subscribed.
The funds raised under the Entitlement Offer will be used to advance Avenira’s phosphate, and gold exploration projects in Australia.
A total of 111,231,602 New Shares and 37,077,000 New Options were issued to shareholders under the entitlement offer. The unquoted options have an exercise price of $0.022 and a 30 April 2024 expiry date.
Existing shareholders applied for 52.2 million shares pursuant to the Entitlement under the Offer and also subscribed for the remaining 59.1 million Shortfall Shares.
Avenira’s Executive Chairman, Brett Clark said,
“This is a very good outcome, and we thank our shareholders for their ongoing support.
The strong global demand for phosphate for use in electric vehicle industries and agriculture has accelerated the importance of the Wonarah Phosphate Project for Avenira and these funds will allow us to progress development of the
Tier 1 Phosphate asset.
We look forward to the outcome of the Wonarah phosphate scoping study currently underway and our team continues to investigate strategic partnerships.
We recognize the value of participation in the supply chains servicing electric vehicle and agriculture markets and will assess opportunities in the best interests of shareholders.
The prospective Jundee South gold exploration will continue to be advanced subject to receival, analysis and interpretation of drilling results from Q4, 2021 drilling program.
The continued delays in the laboratory and assaying industry with respect to results are well documented and the Company is keenly focused to accelerate the receival of results as soon as possible.”
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My pick for June comp.
Nothing screaming at me that it will pop, but, you never know.
There hasn't been much news lately.
From announcement 29/4
Avenira’s Executive Chairman, Brett Clark said,
“This is a very good outcome, and we thank our shareholders for their ongoing support. The strong global demand for phosphate for use in electric vehicle industries and agriculture has accelerated the importance of the Wonarah Phosphate Project for Avenira and these funds will allow us to progress development of the Tier 1 Phosphate asset.
We look forward to the outcome of the Wonarah phosphate scoping study currently underway and our team continues to investigate strategic partnerships.
We recognize the value of participation in the supply chains servicing electric vehicle and agriculture markets and will assess opportunities in the best interests of shareholders.
The prospective Jundee South gold exploration will continue to be advanced subject to receival, analysis and interpretation of drilling results from Q4, 2021 drilling program.
The continued delays in the laboratory and assaying industry with respect to results are well documented and the Company is keenly focused to accelerate the receival of results as soon as possible.”
Nothing screaming at me that it will pop, but, you never know.
There hasn't been much news lately.
From announcement 29/4
Avenira’s Executive Chairman, Brett Clark said,
“This is a very good outcome, and we thank our shareholders for their ongoing support. The strong global demand for phosphate for use in electric vehicle industries and agriculture has accelerated the importance of the Wonarah Phosphate Project for Avenira and these funds will allow us to progress development of the Tier 1 Phosphate asset.
We look forward to the outcome of the Wonarah phosphate scoping study currently underway and our team continues to investigate strategic partnerships.
We recognize the value of participation in the supply chains servicing electric vehicle and agriculture markets and will assess opportunities in the best interests of shareholders.
The prospective Jundee South gold exploration will continue to be advanced subject to receival, analysis and interpretation of drilling results from Q4, 2021 drilling program.
The continued delays in the laboratory and assaying industry with respect to results are well documented and the Company is keenly focused to accelerate the receival of results as soon as possible.”
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From the latest quarterly;
"Scoping study to develop the Tier 1 Wonarah Phosphate Project to produce critical end products for LFP batteries and fertilizer industries near completion with GR Engineering Services."
They don't have a lot of cash handy though.
"• Fully Subscribed Entitlement Offer to Raise $1.45 Million settled during the quarter
• Cash balance of $1.0 million on 30 June 2022"
Can probably expect a capital raise soon....
Chart oversold, just waiting on demand, imo.
Still holding a bit I got stuck with.
"Scoping study to develop the Tier 1 Wonarah Phosphate Project to produce critical end products for LFP batteries and fertilizer industries near completion with GR Engineering Services."
They don't have a lot of cash handy though.
"• Fully Subscribed Entitlement Offer to Raise $1.45 Million settled during the quarter
• Cash balance of $1.0 million on 30 June 2022"
Can probably expect a capital raise soon....
Chart oversold, just waiting on demand, imo.
Still holding a bit I got stuck with.
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Announcement ASX 16/8/22
"Commencement of Direct Shipping Ore study and Scoping Study update at Wonarah Phosphate Project
HIGHLIGHTS
• Commencement of Direct Shipping Ore (DSO) study to verify feasibility and fast
track opportunity for rapid market supply
• Rock Phosphate 32% P2O5 prices have increased approximately 400% from a 10 year low in April 2020
• The high-grade nature of the Wonarah Phosphate Project is advantageous to
regional offtake partners
• Historic 400,000t bulk sample provides great evidence of quality and feasibility of the orebody
• Avenira has appointed engineering firm Bechtel Australia Pty Ltd to complete
Scoping Study"
"Scoping Study Update
The Wonarah Scoping Study to develop the Tier 1 Wonarah Phosphate Project to produce critical end products for LFP batteries and fertilizer industries is near completion with existing work completed by GR Engineering Services.
Part of this work completed included a strategic review of both the Lithium Ferro Phosphate (LiFePO4) pre-cursor cathode market, and the global fertilizer market.
This review determined the appointment of an additional Engineer was necessary to complete the Scoping Study due to the increased scope of downstream Ferro Phosphate and Lithium Ferro Phosphate manufacturing opportunities.
Avenira Ltd has appointed Bechtel Australia Pty Ltd (Bechtel) to complete an evaluation of the technology for a Battery Grade Lithium Iron Phosphate Powder Plant (LFP) for application in Australia.
The Project continues to use the Wonarah Phosphate deposit to feed a high purity phosphoric acid plant and will seek to combine this with a downstream LFP manufacturing plant located potentially in Darwin or Perth."
"Commencement of Direct Shipping Ore study and Scoping Study update at Wonarah Phosphate Project
HIGHLIGHTS
• Commencement of Direct Shipping Ore (DSO) study to verify feasibility and fast
track opportunity for rapid market supply
• Rock Phosphate 32% P2O5 prices have increased approximately 400% from a 10 year low in April 2020
• The high-grade nature of the Wonarah Phosphate Project is advantageous to
regional offtake partners
• Historic 400,000t bulk sample provides great evidence of quality and feasibility of the orebody
• Avenira has appointed engineering firm Bechtel Australia Pty Ltd to complete
Scoping Study"
"Scoping Study Update
The Wonarah Scoping Study to develop the Tier 1 Wonarah Phosphate Project to produce critical end products for LFP batteries and fertilizer industries is near completion with existing work completed by GR Engineering Services.
Part of this work completed included a strategic review of both the Lithium Ferro Phosphate (LiFePO4) pre-cursor cathode market, and the global fertilizer market.
This review determined the appointment of an additional Engineer was necessary to complete the Scoping Study due to the increased scope of downstream Ferro Phosphate and Lithium Ferro Phosphate manufacturing opportunities.
Avenira Ltd has appointed Bechtel Australia Pty Ltd (Bechtel) to complete an evaluation of the technology for a Battery Grade Lithium Iron Phosphate Powder Plant (LFP) for application in Australia.
The Project continues to use the Wonarah Phosphate deposit to feed a high purity phosphoric acid plant and will seek to combine this with a downstream LFP manufacturing plant located potentially in Darwin or Perth."
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The hot air balloon ran out of gas quite quickly.
Hopefully the scoping study is finished for a September competition balloon ride.
1.2 cent still looking like a support base. Have been happy lately with the depth improving.
Hopefully the scoping study is finished for a September competition balloon ride.
1.2 cent still looking like a support base. Have been happy lately with the depth improving.
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Can't believe someone would sell 1 share (just before close) to drop the share price by 2 ticks on the last calendar trading day of the month. Sounds like a rotten tactic to try and get a head start on a monthly competition...
??
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Can't believe someone would buy up just 1 share in the closing auction.
NB; I am not responsible for these shenanigans despite the situation assisting my cause. ?
NB; I am not responsible for these shenanigans despite the situation assisting my cause. ?
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ASX ANNOUNCEMENT AND MEDIA RELEASE
21 September 2022
Avenira signs MOU with Aleees and NT Government to develop
downstream manufacturing of LFP cathode material
HIGHLIGHTS
• Avenira signs tripartite non-binding MOU in relation to the Wonarah Project with global LFP cathode manufacturer, Aleees and the NT Government
• The three parties will work together towards a LFP battery cathode manufacturing facility in a phased capacity program starting at 5,000-10,000 tpa in 2023/24 and
potentially scaling to 200,000 tpa by 2032
@debtfree and @Faramir
Hopefully this has me floating up near the top of the ladder, if you are still looking for me that is.?
21 September 2022
Avenira signs MOU with Aleees and NT Government to develop
downstream manufacturing of LFP cathode material
HIGHLIGHTS
• Avenira signs tripartite non-binding MOU in relation to the Wonarah Project with global LFP cathode manufacturer, Aleees and the NT Government
• The three parties will work together towards a LFP battery cathode manufacturing facility in a phased capacity program starting at 5,000-10,000 tpa in 2023/24 and
potentially scaling to 200,000 tpa by 2032
@debtfree and @Faramir
Hopefully this has me floating up near the top of the ladder, if you are still looking for me that is.?
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Further of the announcement in previous post.
Memorandum of Understanding (MOU)
Avenira (ASX: AEV) is pleased to advise it has signed a non-binding MOU with world leading LFP battery
manufacturer, Advanced Lithium Electrochemistry Ltd (Aleees), (TWSE: 5227) and the Northern Territory
(NT) Government to investigate and work towards the development of a Lithium Iron Phosphate (LFP)
battery cathode manufacturing plant in Darwin, Australia, leveraging Avenira’s flagship Wonarah Phosphate Project.
The NT Government has recognised the potential to leverage the natural resources in the Northern Territory and is marketing itself as a stable supplier of critical minerals.
With the Wonarah Project working
towards the production of phosphoric acid, and the availability of other abundant battery metals such as
lithium and iron in Australia, the next step of producing LFP cathode material is a logical value-add for all parties.
The NT Government has indicated as part of the MOU that it will work proactively with Aleees and Avenira to assist and advise where appropriate in relation to necessary infrastructure including water, energy, power, telecommunications, road, port and rail access and service requirements.
Aleees is a globally recognised LFP battery cathode material manufacturer.
It is one of the few companies
outside China with complete LFP cathode material manufacturing capability and patents for electric
vehicle and stationary storage batteries. Aleees owns more than 120 exclusive patents worldwide, with customers including investment grade energy storage battery and EV battery customers across Europe, U.S., Japan, Korea, and Asia. Aleees co-develops various types of LFP products with more than 40 global customers, and produces high-quality, low-cost, and long life-cycle LFP cathode materials.
The potential scale and development timeline under consideration by Aleees and Avenira includes a LFP battery pre cursor cathode manufacturing facility in a phased capacity program as follows:
Phase 1 – 5000 - 10,000 tpa in 2023/24 (First LFP plant module)
Phase 2 – expansion to 30,000 tpa in 2025
Phase 3 – expansion to ~100,000 tpa in 2028
Phase 4 – expansion to ~200,000 tpa in 2032
Avenira has engaged global engineering firm Bechtel to perform a Scoping Study of a Battery Grade Phosphoric Acid Plant and a Battery Grade Lithium Iron Phosphate Powder Plant (LFP). Both plants will source phosphate from the premium grade Wonarah phosphate deposit in the Northern Territory.
Avenira’s Executive Chairman, Mr. Brett Clark commented,
“We are proud to reach this MOU alongside Aleees and the Northern Territory Government as we jointly
work towards a Lithium Iron Phosphate (LFP) battery cathode manufacturing facility.
“This MOU opens the door for Avenira to learn from Aleees about LFP battery cathode manufacturing technology and leverage this experience to optimise the production of phosphoric acid from the Wonarah Project and develop downstream assets to produce Australia’s first LFP pre cursor cathode material."
Nothern Territory Chief Minister, Natasha Fyles, commented,
“Today’s announcement is a significant economic and strategic opportunity for the Northern Territory.
“Increasing demand and the transition to renewable energy, battery storage and use of high technology products has resulted in global organisations looking to establish diversified, reliable and stable supply
chains."
“The project will position the Territory as the next Australian home of advanced manufacturing, develop new skills and jobs, as well as support our objective to achieve a $40 billion economy by 2030."
“With the potential to create 1,000 jobs this project will benefit Territorians from the Top End to the Barkly with the manufacturing plant to be built in Darwin, which will exclusively source phosphate from the Wonarah Phosphate Project in the Barkly.”
Memorandum of Understanding (MOU)
Avenira (ASX: AEV) is pleased to advise it has signed a non-binding MOU with world leading LFP battery
manufacturer, Advanced Lithium Electrochemistry Ltd (Aleees), (TWSE: 5227) and the Northern Territory
(NT) Government to investigate and work towards the development of a Lithium Iron Phosphate (LFP)
battery cathode manufacturing plant in Darwin, Australia, leveraging Avenira’s flagship Wonarah Phosphate Project.
The NT Government has recognised the potential to leverage the natural resources in the Northern Territory and is marketing itself as a stable supplier of critical minerals.
With the Wonarah Project working
towards the production of phosphoric acid, and the availability of other abundant battery metals such as
lithium and iron in Australia, the next step of producing LFP cathode material is a logical value-add for all parties.
The NT Government has indicated as part of the MOU that it will work proactively with Aleees and Avenira to assist and advise where appropriate in relation to necessary infrastructure including water, energy, power, telecommunications, road, port and rail access and service requirements.
Aleees is a globally recognised LFP battery cathode material manufacturer.
It is one of the few companies
outside China with complete LFP cathode material manufacturing capability and patents for electric
vehicle and stationary storage batteries. Aleees owns more than 120 exclusive patents worldwide, with customers including investment grade energy storage battery and EV battery customers across Europe, U.S., Japan, Korea, and Asia. Aleees co-develops various types of LFP products with more than 40 global customers, and produces high-quality, low-cost, and long life-cycle LFP cathode materials.
The potential scale and development timeline under consideration by Aleees and Avenira includes a LFP battery pre cursor cathode manufacturing facility in a phased capacity program as follows:
Phase 1 – 5000 - 10,000 tpa in 2023/24 (First LFP plant module)
Phase 2 – expansion to 30,000 tpa in 2025
Phase 3 – expansion to ~100,000 tpa in 2028
Phase 4 – expansion to ~200,000 tpa in 2032
Avenira has engaged global engineering firm Bechtel to perform a Scoping Study of a Battery Grade Phosphoric Acid Plant and a Battery Grade Lithium Iron Phosphate Powder Plant (LFP). Both plants will source phosphate from the premium grade Wonarah phosphate deposit in the Northern Territory.
Avenira’s Executive Chairman, Mr. Brett Clark commented,
“We are proud to reach this MOU alongside Aleees and the Northern Territory Government as we jointly
work towards a Lithium Iron Phosphate (LFP) battery cathode manufacturing facility.
“This MOU opens the door for Avenira to learn from Aleees about LFP battery cathode manufacturing technology and leverage this experience to optimise the production of phosphoric acid from the Wonarah Project and develop downstream assets to produce Australia’s first LFP pre cursor cathode material."
Nothern Territory Chief Minister, Natasha Fyles, commented,
“Today’s announcement is a significant economic and strategic opportunity for the Northern Territory.
“Increasing demand and the transition to renewable energy, battery storage and use of high technology products has resulted in global organisations looking to establish diversified, reliable and stable supply
chains."
“The project will position the Territory as the next Australian home of advanced manufacturing, develop new skills and jobs, as well as support our objective to achieve a $40 billion economy by 2030."
“With the potential to create 1,000 jobs this project will benefit Territorians from the Top End to the Barkly with the manufacturing plant to be built in Darwin, which will exclusively source phosphate from the Wonarah Phosphate Project in the Barkly.”
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Volume up there today at a level not seen for nearly a year. It sure went for a nice run last time it saw this kind of interest.
Will have to do a bit more FA on it, but after today's announcement, I think it's turning into a long term keeper.
Will have to do a bit more FA on it, but after today's announcement, I think it's turning into a long term keeper.
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ASX ANNOUNCEMENT AND MEDIA RELEASE 26 September 2022
Avenira- Aleees MOU sets out LFP cathode manufacturing pathway
HIGHLIGHTS
• Avenira signs non-binding MOU with global LFP cathode manufacturer, Aleees to jointly develop a LFP battery cathode manufacturing facility in Darwin, Northern Territory
• Parties to work towards an initial 5,000-10,000tpa in 2023/24, potentially scaling to 200,000tpa by 2032
• Avenira proposes to construct the LFP plant, sourcing phosphoric acid feed from its flagship Wonarah Phosphate project in the Northern Territory
• Aleees will grant licensing rights and certain development, operational and
management support
Avenira- Aleees MOU sets out LFP cathode manufacturing pathway
HIGHLIGHTS
• Avenira signs non-binding MOU with global LFP cathode manufacturer, Aleees to jointly develop a LFP battery cathode manufacturing facility in Darwin, Northern Territory
• Parties to work towards an initial 5,000-10,000tpa in 2023/24, potentially scaling to 200,000tpa by 2032
• Avenira proposes to construct the LFP plant, sourcing phosphoric acid feed from its flagship Wonarah Phosphate project in the Northern Territory
• Aleees will grant licensing rights and certain development, operational and
management support
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My 
for October 2022
for October 2022
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"Tesla recently revealed its intent to adopt lithium iron phosphate (LFP) batteries in its standard range vehicles. What do LFP batteries have on Li-ion?"
A Closer Look at Lithium Iron Phosphate Batteries, Tesla’s New Choice of Battery - News
Tesla recently revealed its intent to adopt lithium iron phosphate (LFP) batteries in its standard range vehicles. What do LFP batteries have on Li-ion?
Dona Ferentes
A little bit OC⚡DC
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Non-binding ... will LFP ever be produced outside China, given their head-start and cost advantage?
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There seems to be a growing thing against sourcing in China, or at least ensuring other supply lines.
If the rest of the world is to have a part in economic benefit from the green transition, buying outside of China has to occur.
I read a stat a while ago that basically implied China has a huge world dominance of supply of "green transition products" whilst not being very green at all to produce it all. ?
Either way, at the end of the day, if Avenira's Tier 1 phosphate deposit isn't mined for majority lithium iron phosphate battery production, it's still a heck of a lot of fertiliser which is valuable in it's own right.
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?
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10 November 2022
Wonarah Phosphate Project
Direct Shipping Ore (DSO)
Project Update
Avenira Limited (ASX: AEV) (“Avenira” or “the Company”) is pleased to provide the following update on the proposed DSO Phosphate Project, to mine and sell high-grade phosphate ore from its Tier 1, 100% owned Wonarah Phosphate Project to third parties to produce high-purity phosphoric acid (the “DSO Project”).
Highlights:
• Testing has confirmed Wonarah Ore to be well suited for the production of battery-grade Phosphoric Acid due to its high grade, physical robustness and large consistent lump sizing.
o Ore samples from Wonarah have exceeded product specification requirements for production of high purity phosphoric acid.
• Offtake discussions are well advanced, with a binding offtake agreement
expected to be executed for the sale of up to 600,000tpa of high grade, high
value Wonarah DSO phosphate ore.
• AMC Consultants Pty Ltd have been engaged to conduct a mining front-end
engineering design study (FEED). Completion of this work is targeted for
November 2022.
• The Northern Territory Government is expected to issue a Mining Licence
after the final submission of the revised Mine Management Plan for the DSO
Project, which is being developed by EcOz Environmental Consulting in
tandem with the FEED Study.
• Negotiations are progressing with road haulage contractors and rail operator
Aurizoni for transport of DSO material from Wonarah to Darwin Port, where it
will be shipped to SE Asian offtakers.
• Negotiations with the Arruwurra Aboriginal Corporation regarding a Mining Agreement are progressing well, with a mutual understanding of the benefits of the fast-track opportunity.
• Prices for high grade Phosphate ore (32% P2O5) continue to trade at or near
record highs, and are expected to remain elevatedii throughout 2023 and 2024 due to global fertiliser shortages and the accelerating adoption of Lithium Ferro Phosphate battery cells.
Wonarah Phosphate Project
Direct Shipping Ore (DSO)
Project Update
Avenira Limited (ASX: AEV) (“Avenira” or “the Company”) is pleased to provide the following update on the proposed DSO Phosphate Project, to mine and sell high-grade phosphate ore from its Tier 1, 100% owned Wonarah Phosphate Project to third parties to produce high-purity phosphoric acid (the “DSO Project”).
Highlights:
• Testing has confirmed Wonarah Ore to be well suited for the production of battery-grade Phosphoric Acid due to its high grade, physical robustness and large consistent lump sizing.
o Ore samples from Wonarah have exceeded product specification requirements for production of high purity phosphoric acid.
• Offtake discussions are well advanced, with a binding offtake agreement
expected to be executed for the sale of up to 600,000tpa of high grade, high
value Wonarah DSO phosphate ore.
• AMC Consultants Pty Ltd have been engaged to conduct a mining front-end
engineering design study (FEED). Completion of this work is targeted for
November 2022.
• The Northern Territory Government is expected to issue a Mining Licence
after the final submission of the revised Mine Management Plan for the DSO
Project, which is being developed by EcOz Environmental Consulting in
tandem with the FEED Study.
• Negotiations are progressing with road haulage contractors and rail operator
Aurizoni for transport of DSO material from Wonarah to Darwin Port, where it
will be shipped to SE Asian offtakers.
• Negotiations with the Arruwurra Aboriginal Corporation regarding a Mining Agreement are progressing well, with a mutual understanding of the benefits of the fast-track opportunity.
• Prices for high grade Phosphate ore (32% P2O5) continue to trade at or near
record highs, and are expected to remain elevatedii throughout 2023 and 2024 due to global fertiliser shortages and the accelerating adoption of Lithium Ferro Phosphate battery cells.
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Currently waiting for voluntary suspension lift with further information on above announcement.
14/11/2022
"Avenira Limited ('Avenira' or 'the Company') refers to its trading halt request dated 10 November
2022.
In accordance with Listing Rule 17.2, Avenira requests its securities be placed in voluntary suspension effective from the commencement of trading on Monday, 14 November 2022, pending release of an update to Avenira’s ASX Announcement on 10 November 2022.
In accordance with Listing Rule 17.2 the Company provides the following information:
1. The reason for the voluntary suspension is for the Company to provide further information on the 10 November 2022 announcement.
2. The Company requests that the suspension continue until the earlier of commencement of trading on Thursday 17 November 2022, or when an announcement is made regarding the matters referred to in paragraph 1"
14/11/2022
"Avenira Limited ('Avenira' or 'the Company') refers to its trading halt request dated 10 November
2022.
In accordance with Listing Rule 17.2, Avenira requests its securities be placed in voluntary suspension effective from the commencement of trading on Monday, 14 November 2022, pending release of an update to Avenira’s ASX Announcement on 10 November 2022.
In accordance with Listing Rule 17.2 the Company provides the following information:
1. The reason for the voluntary suspension is for the Company to provide further information on the 10 November 2022 announcement.
2. The Company requests that the suspension continue until the earlier of commencement of trading on Thursday 17 November 2022, or when an announcement is made regarding the matters referred to in paragraph 1"
