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GOLDEN CROSS RESOURCES LTD (GCR)

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ASX, Legal & CGT Status

Former (or subsequent) names

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Our website ranking of GCR: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Registry Pty Ltd
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000GCR0
Address: Unit 401 Level 4 781 Pacific Highway, Chatswood, NSW, 2067 Australia
Tel:  61 2 8379 5705Fax: (02) 9482 8488

Date first listed: 27/03/1996

Sector: Materials Industry Group: XMJ
Activities: Gold and base metals explorer with a primary focus on the Copper Hill Project in central NSW

News & Events

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The company releases the progress of Copper Hill Surface Geochemistry. Infill and extension surface soil sampling began over Copper Hill EL6391 in 2021-2023, covering approximately 70% of planned areas. Previous surveys targeted prospective locations, but a review revealed potential anomaly improvement in open soil copper zones, strong arsenic trends, low-level copper zones, and inconsistencies.

20/03/2025

A gravity survey was completed in February 2025 at the Copper Hill Tenement EL6391 in Central NSW. The survey, which included 577 stations, will supplement previous GCR exploration programs and provide data for new technologies like Ambient Noise Tomography. The survey was completed with extensive cooperation with 30 landholders.

19/03/2025

The company lodges its half year report and accounts.

17/03/2025

The company releases an update on its Copper Hill Surface geochemistry activities. It states that it has identified several locations in the Copper Hill license that warrant infill and extension surface soil sampling. The review reveals potential for anomaly improvement in open soil copper zones, strong arsenic trends, low-level copper zones, elevated Ag zones, limited sampling over future infrastructure locations, and numerous oddities.

27/02/2025

The company completed a successful gravity survey at Copper Hill project, acquiring data for 577 stations at 400m intervals. The data will be used for Ambient Noise Tomography and other technologies.

18/02/2025

The company's gravity survey crew has begun detailed surveys at Copper Hill project in Molong, NSW, to identify subsurface structures and intrusive bodies, supplementing previous exploration data sets.

12/02/2025

The company releases its Monthly Activities/Appendix 5B Cash Flow Report.

31/01/2025

The securities of Golden Cross Resources Ltd will be suspended from quotation immediately under Listing Rule 17.3. ASX has determined that GCR's operations are not adequate to warrant the continued quotation of its securities and therefore GCR is in breach of Listing Rule 12.1. The suspension will continue until ASX is satisfied that GCR is in compliance with the Listing Rules, including Listing Rule 12.1, and that it is otherwise appropriate for GCR's securities to be reinstated to quotation.

27/12/2024

The suspension of trading in the securities of Golden Cross Resources Ltd will be lifted from the commencement of trading on Friday, 18 February 2022, following the release by GCR of an announcement regarding the completion of a capital raising and confirmation of satisfaction of ASX's conditions for reinstatement.

17/02/2022

The company releases the following: Pre-Reinstatement Disclosure, Distribution Schedule, Top 20 Shareholders.

17/02/2022

The company releases an Appendix 3G.

14/02/2022

The company releases an application for quotation of securities.

10/02/2022

The company releases an updated notice of proposed issue of securities.

09/02/2022

Golden Cross Resources recently completed a gravity geophysical survey over EL8270 located 40 kilometres south of Nymagee in Central NSW.

01/02/2022

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

28/01/2022

ASX has, at GCR's request, granted GCR a further extension from 18 January 2022 to no later than 18 February 2022 of the deadline by which ASX will remove GCR from the official list of ASX if GCR's securities have not been reinstated to official quotation prior to commencement of trading on that date.

19/01/2022

The Company has received the assay results for the recently completed infill and extension surface sampling over part of the Copper Hill tenement Exploration Licence 6391, north of Molong, NSW. The infill / extension sampling of surface soils was designed to extend coverage based on a MGA grid [MGA z55 GDA94] over areas of Copper Hill and surrounds that are potential future infrastructure sites [waste rock stack and tailings storage area, in previous draft site layouts]. Sampling was undertaken on a first pass spacing of 200 x 200 metres and covered 36 sites.

11/01/2022

The company releases an Appendix 3X Query and Response.

11/01/2022

The Company has engaged Fender Geophysics, to undertake tenement geophysical surveys over Exploration Licence 6391 located 5 kilometres north of Molong in Central NSW. Seventeen landholders were contacted for access arrangements to undertake the survey, with widespread co-operation, subject in most cases to consideration of surface conditions before vehicle access to the survey station sites. Rain events culminating in the Molong Flood impacted the work program and the Fender crew completed 27 stations located in peripheral areas of the tenement.

05/01/2022

The Company has completed infill and extension surface sampling over part of the Copper Hill tenement Exploration Licence 6391, north of Molong, NSW. The infill / extension sampling of surface soils is designed to extend coverage based on a MGA grid [MGA z55 GDA94] over areas of Copper Hill and surrounds that are potential future infrastructure sites [waste rock stack and tailings storage area, in previous draft site layouts].

05/01/2022

The offer under the prospectus dated 29 November 2021 will close on 5 January 2022 as per the indicative timetable previously set out.

04/01/2022

The Company engaged Kenflo Pty Limited metallurgist, Ken Kellett, to compile a review of the metallurgical testing undertaken at Copper Hill since 2006.The chronological review was undertaken during October-November 2021, and would assist planning of further metallurgical test work. In December 2021 Kellett produced a detailed chronology of the testwork at Copper Hill.

31/12/2021

The Company has compiled and lodged an Exploration Program for Environment Protection and Rehabilitation with the SA Department for Energy and Mining following receipt of opinion from South Australian land access expertise with regard to alternatives to progress access to the Woomera Prohibited Area.

31/12/2021

Drilling was undertaken in December 2021, while a flood event stalled progress for 3 days. The Quidong Basin has numerous occurrences of carbonate-hosted zinc/lead and gold mineralisation, and potential intrusive-related gold mineralisation, which occurs elsewhere in the region. Previous data and Golden Cross Resources' field reconnaissance have identified zinc-lead-gold drill targets which remain to be tested.

30/12/2021

The Company has completed a gravity geophysical survey over EL8270 located 40 kilometres south of Nymagee in Central NSW.

24/12/2021

The company releases a further update to the Copper Hill drilling. Results from GCHD 477 received. Confirmation of oxide and infill of resource zone. Individual meters > 1% copper and >1.0 g/t gold.

13/12/2021

After successive disruptions due to border restrictions associated with Covid-19 and flooded access roads and areas, a drill rig has been successfully mobilised to site at the Quidong Project in southeastern NSW, for commencement of drilling on approved sites.

08/12/2021

The company releases a notification of proposed issue of securities.

30/11/2021

The company has lodged a prospectus for an offer up to 10 million fully paid ordinary shares at $0.30 per share to raise up to $3 million before costs.

29/11/2021

The company releases the results of its meeting and its constitution.

29/11/2021

The company releases an application for quotation of securities.

10/11/2021

The company releases a notification of cessation of securities.

10/11/2021

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

03/11/2021

The company's 2021 AGM will be held at 301/66 Berry Street, North Sydney, NSW 2060 at 2.00 pm on Monday 29 November 2021.

01/11/2021

The company lodges the following: Annual Report to shareholders and Appendix 4G and Corporate Governance Statement.

01/11/2021

The company releases a notice of proposed issue of securities.

25/10/2021

The company's AGM will be held on 29 November 2021. All director nominations must be received at the company's registered office no later than 5.00pm (WST) on Friday, 29 October 2021.

22/10/2021

The easing of regional travel restrictions has to some extent facilitated commencement of planned work programs at Copper Hill. The current program includes coring of the oxide zone, and infill of surface geophysics and infill geochemical sampling of the tenement area. A previous RC percussion drilling campaign in 2011 to evaluate the oxide zone was not fully completed due to physical access issues, and there is scope for further infill in future between two zones of interest "“ one around the historic open cut and one approximately 200 metres south. Several sites have been identified for further investigation and an initial core hole was planned to assist re-assessment of the oxide grades and distribution, and the underlying higher grade zones interpreted as supergene by some observers. A total of 99.35m of HQ coring has been completed to date, and logging and sampling is underway ahead of submission of samples for analysis.

22/10/2021

The company releases its Full Year Statutory Accounts.

21/09/2021

The company has recently concluded and received a loan of $1,800,000 as working capital, from a new financier, Astute Dragon Commercial. The loan is unsecured, with an interest rate of 9.5% per annum, and matures on 26 April 2023. HQ Mining Resources Holding entered into a loan extension agreement with the company on 28 July 2021, rollling over the previous loan agreements between the company and HQM and extending the loan repayment date to until 31 January 2023. These loans total $3.67 million, are unsecured and have an average interest rate of 9.75% per annum. Jordan Li, Bret Ferris, Carl Hoyer and Yuanheng Wang have provided further unsecured loans to the company totalling $150K with maturity dates intended to be a date or dates when the company is ready to repay and to be finalised upon mutual agreements. GCR engaged Martin Place Securities to assist in future capital raisings. MPS provided an unsecured facility of up to $400K repayable after reinstatement as part of the future capital raising pending finalisation. ADC has given its support to the company's proposed use of the loan for working capital for GCR projects and corporate operations.

03/09/2021

The company lodges its Quarterly Activities and Cashflow Report.

29/07/2021

The company lodges its Quarterly and Cashflow Report.

30/04/2021

The company lodges its Half Yearly Report and Accounts.

16/03/2021

The company lodges its Quarterly Activities and Cashflow Report.

29/01/2021

The company releases the results of its meeting.

21/01/2021

It has been brought to the Company's attention that a list of Directors names as requested on the Appendix 4G at Q 2.3 was omitted from the accompanying Corporate Governance Statement lodged on the 28 October 2020. The Omission was due to an administrative oversight cross checking the Corporate Governance Statement with the Appendix 4G form and is hereby corrected.

20/01/2021

Discussions have been held with potential investors and the Board is confident funds will be raised in the near future to allow requotation. GCR is also progressing the Copper Hill Project further towards development. While previous resource estimates by Hellman & Schofield, and Lewis announced in 2011 were large scale, the application of stricter criteria by Ridley in 2015 led to a reduced estimate. The requotation is to be supported by sufficient funding to allow GCR to resume its field activities at Copper Hill.

19/01/2021

The company's 2020 AGM will be held at 301/66 Berry Street, North Sydney, NSW 2060 at 2.00 pm on 20 January 2021.

21/12/2020

The company's AGM that was to be held on 9 December 2020 has been postponed, pending clarification of the status of certain securities which are the subject of resolutions in the notice of meeting, and application of the listing rules.

23/11/2020

The company releases its notice of meeting and proxy form.

10/11/2020

The company's AGM will be held on 9 December 2020. The closing date for receipt of nominations for persons wishing to be considered for election as a Director is Wednesday 2 December 2020. Any nominations must be received at the company's registered office no later than 5.00pm (WST) on Wednesday, 2 December 2020.

10/11/2020

The company lodges its Quarterly Activities and Cash Flow Report.

29/10/2020

The company lodges its Annual Report to shareholders.

28/10/2020

The company releases its Corporate Governance Statement.

28/10/2020

The company releases an Appendix 4G.

28/10/2020

The company has engaged Martin Place Securities as lead manager to progress a proposed series of capital raisings. Proceeds will be used to improve the balance sheet and fund the company's working capital needs, and planning of technical programs on its resources project portfolio.

21/10/2020

The company lodges its Full Year Statutory Accounts.

29/09/2020

The company releases an Appendix 5B Correction.

30/07/2020

The company lodges its Quarterly and Cashflow Report.

28/07/2020

ASX issued GCR with a letter dated 14 July 2020 in relation to a breach of Listing Rule 10.11, as shareholder approval had not been sought prior to the issue of the convertible notes. The Company has applied a holding lock to the convertible notes and agreed to remove all conversion rights from the notes. The notes will therefore become unsecured loans. Amended Appendix 3Ys will be lodged in due course.

15/07/2020

The company issues a Response to Appendix 3Y Query.

09/07/2020

The company releases an updated notice of Proposed issue of Securities - GCR, with an update on 7D.2.

08/07/2020

The Coppervale Field Base is an integral part of the Copper Hill Project, facilitating core and sample storage and processing, site office facilities, ad hoc accommodation for field personnel, and is the main access route to the Copper Hill Project. Formal documentation of funding arrangements for divestment of the holding company has been completed, consisting of loan funds to Vision Vale Holdings transfer of shares in VVH and subscription for convertible notes with a total face value of $130,000 to cover acquisition costs and additional working capital. Golden Cross Resources has leased back the Coppervale property from VVH.

02/07/2020

The company releases a notice of Proposed issue of Securities - GCR.

01/07/2020

The company lodges its Quarterly and Cash flow Report.

30/04/2020

The company lodges its Half Year Accounts.

02/03/2020

The company has completed the acquisition of the Coppervale property by its wholly owned subsidiary, Vision Vale Holdings Pty Ltd, following receipt of further funding.

13/02/2020

The company issues a response to ASX Appendix 5B Query.

05/02/2020

The company lodges its Quarterly and Cash Flow Report.

31/01/2020

The company issues a response to Appendix 3X Query.

30/01/2020

The company issues a response to an Appendix 5B Query.

11/12/2019

The company releases the results of its meeting

27/11/2019

The company lodges its Quarterly Activity and Cash Flow Report.

31/10/2019

The company lodges its Annual Report to shareholders.

29/10/2019

The company's 2019 AGM will be held at 304/66 Berry Street, North Sydney, NSW 2060 at 2.00 pm on Wednesday 27 November 2019.

23/10/2019

The company lodges its Full Year Statutory Accounts.

24/09/2019

The company releases its Appendix 4G.

24/09/2019

The company releases its Corporate Governance Statement.

24/09/2019

The company received commitments for the $1.3m minimum subscription at 7.5cps with a free attached 1:1 call option at 10cps with 12 months expiry. The IPW acquisition will further evolve the GO2 business as a national, vertically integrated labour hire and training business. Company reaffirms that The GO2 People stand-alone generated its first EBITDA positive month in July 2019. The company's focus is integration of the two businesses, capitalizing on the cross promotional synergies.

02/09/2019

The company lodges its Preliminary Final Report.

02/09/2019

Since the Chairman's resignation, the company has received expressions of interest in filling the vacant roles. The company is actively reviewing potential candidates to secure appointments that will satisfy ASX requirements. HQ Mining Resources, the company's major shareholder, has provided formal commitment to provide interim funding to support the ongoing operations of Golden Cross, and has continued to do so. A further $60K has been received in the past week.

23/08/2019

The securities of Golden Cross Resources Ltd will be suspended from quotation immediately, at the request of GCR under Listing Rule 17.2, pending GCR's appointment of sufficient directors to comply with section 201A(2) of the Corporations Act 2001 (Cth).

16/08/2019

The securities of Golden Cross Resources Limited (the "Company") will be reinstated to official quotation immediately today, Wednesday 23 September 2015, in accordance with listing rule 17.7 following lodgement of an announcement in relation to a capital raising. Security Code: GCR

23/09/2015

Golden Cross Resources Ltd has put on hold a fully funded capital raising proposal with good commercial terms for the Pre-Feasibility Study on the Copper Hill Project due to the calling of an extraordinary general meeting. The company is also pleased to announce that it has today received an R&D refund in excess of $530,00 from the Australian Tax Office and concluded interim financing arrangements with its major shareholder HQ Mining.

23/09/2015

The company is still in the process of finalising the terms of the proposed capital raising and now anticipates that it will be in a position to make a material announcement with respect to the proposed capital raising by commencement of trading on 23 September 2015.

21/09/2015

A general meeting of Golden Cross Resources Limited will be held at 2pm on 22 October 2015 at History House, 133 Macquarie Street, Sydney, NSW 2000.

16/09/2015

The securities of Golden Cross Resources Limited (Company) will be suspended from quotation immediately, at the request of the Company in accordance with Listing Rule 17.2. Security Code: GCR

16/09/2015

we understand that on or about this date the company consolidated its shares 1 for 20

29/08/2014

name changed from Golden Cross Resources NL

16/05/2000

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    02/12/2015Ian Buchhorn23,941$0.075$1,797
    10/04/2015Ian Buchhorn300,000$0.072$21,742
    13/03/2015Ian Buchhorn71,235$0.056$3,989
    26/02/2015Ian Buchhorn1,500$0.065$97
    24/02/2015Ian Buchhorn47,946$0.068$3,239

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Jordan LiExecutive Chairman, Independent Director15/01/2020
    Kevin LeeIndependent Director18/05/2023
    Boris PatkinNon Exec Director06/02/2024
    Yan LiNon Exec Director13/03/2020
    Yuanheng WangNon Exec Director30/11/2014
    Patrick Sam YueCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Carolyn JacobsCompany Secretary01/11/2024
    Bret FerrisInterim CEO05/04/201721/02/2024
    Mark ModdejongenIndependent Director03/12/202006/02/2024
    Xiaoming LiNon Exec Director13/01/200913/03/2020
    Ken HellstenChairman17/12/201414/08/2019
    Neil FearisNon Exec Director22/10/201521/01/2019
    Robert ThomsonNon Exec Director22/10/201529/11/2017
    Mark SykesNon Exec Director22/10/201502/08/2016
    Ian BuchhornDirector03/03/201415/07/2016
    Jingmin QianNon Exec Chairman29/11/201016/12/2015
    Simon LennonCFO, General Counsel13/10/200831/12/2014
    Kim Stanton-CookManaging Director, CEO01/03/200617/12/2014
    Suzanne QiuNon Exec Director13/01/200930/11/2014
    Stephen GemellChairman, Director07/06/201214/10/2014
    David TimmsNon Exec Director15/02/199415/11/2012
    Christopher B. RyanNon Exec Chairman26/03/200303/03/2012
    Christopher TorreyChairman, Non Exec Director01/07/200301/03/2012
    Steven XiaoExecutive Director13/01/200903/06/2010
    Kerry McHughNon Exec Director09/06/199815/01/2009
    Erwin ClaytonChairman11/10/200228/03/2003
    William HansenNon Exec Director31/08/200113/10/2002
    Lindsay MacAlisterNon Exec Director02/09/2001

    Date of first appointment, title may have changed.