InvestSMART

Golden Cross Resources Limited (ASX:GCR)

ALERT: Price-sensitive ASX Announcement for GCR
Current share price for GCR : $0.002 -0.001 (-33.33%)+
Announcement
Release
23 Dec 2024 9:08AM
Price at Release
$0.003
Full Release
download
Summary
Golden Cross Resources Ltd (GCR) has announced that, due to insufficient exploration activity and a lack of ground-disturbing activities, the ASX will suspend GCR's securities from trading beginning December 27, 2024. GCR plans to undertake field exploration programs in the coming quarters and is in discussions with potential joint venture partners to enhance its exploration efforts and secure funding.
Key Points
  • GCR's securities will be suspended from ASX on 27 December 2024.
  • ASX is not satisfied with GCR's level of operations for compliance.
  • Limited exploration expenditure and lack of ground-disturbing activities cited.
  • GCR plans field exploration programs in the next two quarters.
  • Discussions ongoing with potential joint venture partners for the Copper Hill Project.
  • Completion of exploration activities may help reinstate GCR's securities for trading.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.