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02 April 2025
| Name: | KORAB RESOURCES LIMITED (KOR) |
| ISIN: | AU000000KOR7 |
| Date of Listing: | 31 August 2005 |
Stock Exchange Status: (updated daily)
This entity is currently suspended from quotation on the Australian Securities Exchange and its securities cannot be traded on-market.Legal Status: (updated monthly)
ACN: 082 140 252ABN: 17 082 140 252
Registration Date: 30 March 1998
Capital Gains Tax (CGT) Status: (updated at least quarterly)
The securities in this entity may be suspended from quotation for reasons unrelated to its financial health or we have made the assessment that the securities still have value. If you are seeking to crystallise a capital loss on your securities, you should firstly consider whether your company is the subject of either a takeover or that you will be able to sell your securities on-market for value if the entity regains quotation. Entities in this category are reviewed monthly and it is possible that our assessment may change. If you are seeking to crystallise a capital loss on your securities, that process can be easily and quickly initiated at our online Worthless Shares facility here: https://www.delisted.com.au/sell-worthless-and-other-securities/.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
Link Market Services Limited
Level 12, 680 George Street
Sydney NSW 2000
Tel : 61 1300 554 474
Fax : 02 9287 0303
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The entities suspended for over three months failed periodic reports, the oldest outstanding report deadline, and their 2 year deadline for trading plans. If not met, they will be removed from the official list, usually after the first trading day. | 22/01/2025 |
The company and its subsidiaries have executed a binding agreement with Leka II Shipping Limited to sell all rights and interests in the Geolsec mineral lease for $4.35 million, with the settlement date extended to March 31, 2025. | 20/12/2024 |
The company has renewed Mineral Leases MLN512-MLN515, MLN542 and MLN543 at the Rum Jungle Project, which includes the Winchester magnesium deposit and various silver, gold, copper, cobalt, silver, zinc, lead, nickel, and magnesium prospects. Further renewals are available. | 16/12/2024 |
The company releases the results of its annual general meeting. | 02/12/2024 |
The company has renewed Exploration Licence EL29550, covering 172 square kilometers in the Rum Jungle Project, which includes a Winchester magnesium deposit and various silver, gold, copper, cobalt, and zinc prospects. | 20/11/2024 |
The company is conducting a helicopter-assisted ground gravity survey of the Rum Jungle Project, which includes the Winchester magnesium deposit. The survey, along with high-resolution aerial magnetic and LiDAR surveys, will aid in preparing mine plans and exploring additional mineralization targets. The project covers 243 square kilometers of Pine Creek Orogen. | 07/11/2024 |
The company has withdrawn applications for exploration licenses E08/3561 and E52/4223, forming the Mt. Elephant Project in Western Australia, and now holds the right to acquire E08/3560 from Rheingold Investments Corporation Pty Ltd. | 06/11/2024 |
The company will hold its Annual General Meeting on 29 November 2024, focusing on re-election and appointment of directors. Nominations must be received by 8 November 2024. | 04/11/2024 |
The company releases a letter to shareholders that it is set to hold its Annual General Meeting on 29 November 2024, 1:00 PM (WST) at Armada Accountants & Advisors, 18 Sangiorgio Court, Osborne Park, WA, 6017. | 30/10/2024 |
The company lodges its annual report to shareholders and appendix 4G. | 30/10/2024 |
The company lodges its Full Year Statutory Accounts. | 29/10/2024 |
Following the Company's submission to ASX seeking a determination whether a shareholder approval is required for the Transaction pursuant to the ASX Listing Rules, the Company has received from ASX confirmation that ASX does not consider that either Listing Rule 11.1 or 11.2 applies to the proposed sale of Mineral Lease ML27362. Therefore, the Transaction does not require shareholder approval and consequently the Company does not intend to call an Extraordinary General Meeting of shareholders for the purpose of approving the Transaction. The Company has advised Leka accordingly. | 19/09/2024 |
The Company releases its preliminary results of Rum Jungle ground gravity survey. | 18/09/2024 |
The company has corrected an ASX report on 2 September 2024, which incorrectly stated that data was collected from 250 ground gravity survey stations within exploration license EL29550, resulting in a correct number of 380 stations. | 04/09/2024 |
The company releases an update on the Rum Jungle Project. | 02/09/2024 |
The company provides an operations update regarding the ground gravity survey at Rum Jungle Project. | 29/08/2024 |
Contractors have completed collecting data from approximately 400 ground gravity survey stations and approximately 1,200 ground stations remain to be surveyed. This high-resolution ground gravity survey is run on a 250 m by 250 m station spacing and will provide high quality ground gravity data with a pixel resolution of approximately 50 m. | 26/08/2024 |
Korab and Geolsec Phosphate Operations Pty Ltd have executed binding Heads of Agreement with an unrelated party, Leka II Shipping Limited to sell to Leka all Korab Group's rights, title and interests in and to the Geolsec mineral lease ML27362 and all mining exploration information relating to the mineral lease for a cash consideration of $4.35 million and a royalty of 10% of Net Smelter Returns on all minerals other than uranium and thorium and a royalty of 1% of Net Smelter Returns on uranium and thorium. Mineral lease ML27362 is 100% owned by Geolsec Phosphate Operations Pty Ltd (wholly owned subsidiary of Korab Resources Ltd) and is located some 60 km south of Port of Darwin in the Northern Territory of Australia. | 19/08/2024 |
The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report. | 31/07/2024 |
The securities of Korab Resources Limited will be suspended from quotation immediately under Listing Rule 17.3. ASX has determined that KOR's level of operations is not adequate to warrant the continued quotation of its securities and therefore is in breach of Listing Rule 12.1. The suspension will continue until such time that ASX is satisfied with KOR's compliance with the Listing Rules, including Listing Rule 12.1, and that it is otherwise appropriate for KOR's securities to be reinstated to quotation. | 29/07/2024 |
The suspension of trading in the securities of Korab Resources Limited will be lifted immediately following the release by KOR of an announcement regarding the results of the scoping study assessing the economics of production of magnesium metal at Winchester Magnesium Project. | 09/03/2022 |
The company releases the Winchester magnesium scoping study. | 09/03/2022 |
Korab is finalising the ASX announcement regarding the results of the scoping study assessing the economics of production of magnesium metal at Winchester Magnesium Project. This announcement is expected to be made as soon as possible but no later than commencement of trading on Thursday, 10 March 2022. The company therefore requests an extension of the suspension of its securities. | 09/03/2022 |
The securities of Korab Resources Limited will be suspended from quotation from the commencement of trading on Friday, 4 March 2022 under Listing under Listing Rule 17.2, at the request of KOR, pending the release of an announcement regarding the results of the scoping study assessing the economics of production of magnesium metal at Winchester Magnesium Project. | 04/03/2022 |
The suspension of trading in the securities of Korab Resources Limited will be lifted immediately, following receipt of a response to an ASX price and volume query. | 07/01/2021 |
The company issues a response to ASX Price & Volume Query. | 07/01/2021 |
The securities of Korab Resources Limited will be suspended from quotation immediately under Listing Rule 17.3, pending the release of a response to an ASX price and volume query. The securities will remain suspended until further notice. | 07/01/2021 |
The suspension of trading in the securities of Korab Resources Limited will be lifted immediately, following receipt of an announcement regarding the results of the feasibility study for the Winchester Magnesium Carbonate Project. | 07/03/2018 |
The company releases the results of the update of the pre-feasibility study to develop the Winchester magnesite as a direct shipping ore operation. | 07/03/2018 |
On 6 March 2018, the company has terminated heads of agreement for the supply of 300,000 tonnes per year of magnesium carbonate rock for 5 years. The HoA was terminated without penalties by Korab giving notice in writing to the counterparty as envisaged by the terms of the HoA. | 06/03/2018 |
The securities of Korab Resources Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement regarding the results of the feasibility study into Winchester Magnesium Carbonate Project. | 06/03/2018 |
The suspension of trading in the securities of Korab Resources Limited will be lifted at the commencement of trading on Wednesday, 8 November 2017. | 08/11/2017 |
The company has resolved to raise funds by way of a placement of up to 7.2 million shares at 2.8 cents each to unrelated exempt investors. The placement is to be completed within existing 15% share placement capacity and no shareholder approval is required. | 08/11/2017 |
The company advises that the financing transaction relating to the request for a trading halt has not been completed as the parties could not agree on the final terms. | 08/11/2017 |
The company releases a notice to optionholders that the options will expire at 5:00pm WST on 28 November 2017. The option holding may be exercised in whole or in part by payment of $0.10 for each option by no later than 28 November 2017. If payment is not received by 5:00pm WST on the said date, the options will lapse and all rights under the options will cease at that time. | 08/11/2017 |
The securities of Korab Resources Limited will be suspended from official quotation from the commencement of trading today, 3 November 2017 pending the release of an announcement regarding a financing transaction. | 03/11/2017 |
The suspension of trading in the securities of Korab Resources Limited will be lifted immediately following receipt of an announcement regarding a financing transaction. | 08/03/2017 |
The company has resolved to undertake a financing transaction to enable fast-tracking of the cobalt and zinc drilling program at the Batchelor project. The funding is by way of a $471,000, unsecured, zero-interest loan, which, subject to shareholder approval, will be converting to Korab's ordinary shares at a price of 1.9 cents per share. | 08/03/2017 |
The securities of Korab Resources Limited will be suspended from official quotation immediately pursuant to listing rule 17.3. | 08/03/2017 |
The suspension of trading in the securities of Korab Resources Limited (the "Company") will be lifted immediately, following the release of the Company's announcement regarding the Winchester transaction. Security Code: KOR KORO | 03/06/2013 |
Korab Resources Limited ("KOR" or "Company") requests a voluntary suspension of trading in Company's securities from commencement of trading on Friday, 31 May 2013 pending an announcement regarding the Winchester sale transaction. This announcement is expected to be made no later than commencement of trading on Wednesday, 5 June 2013 | 31/05/2013 |
The suspension of trading in the securities of Korab Resources Limited (the "Company") will be lifted immediately, following the release of the Company" announcement regarding the extension of term for Winchester transaction. Security Code: KOR | 03/04/2013 |
The securities of Korabe Resources Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. Security Code: KOR KORO | 02/04/2013 |
The suspension of trading in the securities of Korab Resources Limited (the "Company") will be lifted immediately, following the release of the Company" announcement concerning a capital raising. Security Code: KOR KORO | 22/02/2013 |
The securities of Korab Resources Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. Security Code: KOR KORO | 19/02/2013 |
we understand that on or about this date the company made an in specie distribution of 1.266 share in Lugansk Gold Ltd for every 1 share in the company | 07/03/2011 |
we understand that on or about this date the company made an in specie distribution of 1.266 share in Melrose Gold Mines Ltd for every 1 share in the company | 07/03/2011 |
securities reinstated to quotation | 01/03/2010 |
securities suspended pending an announcement | 25/02/2010 |
The entities suspended for over three months failed periodic reports, the oldest outstanding report deadline, and their 2 year deadline for trading plans. If not met, they will be removed from the official list, usually after the first trading day. | 22/01/2025 |
The company and its subsidiaries have executed a binding agreement with Leka II Shipping Limited to sell all rights and interests in the Geolsec mineral lease for $4.35 million, with the settlement date extended to March 31, 2025. | 20/12/2024 |
The company has renewed Mineral Leases MLN512-MLN515, MLN542 and MLN543 at the Rum Jungle Project, which includes the Winchester magnesium deposit and various silver, gold, copper, cobalt, silver, zinc, lead, nickel, and magnesium prospects. Further renewals are available. | 16/12/2024 |
The company releases the results of its annual general meeting. | 02/12/2024 |
The company has renewed Exploration Licence EL29550, covering 172 square kilometers in the Rum Jungle Project, which includes a Winchester magnesium deposit and various silver, gold, copper, cobalt, and zinc prospects. | 20/11/2024 |
The company is conducting a helicopter-assisted ground gravity survey of the Rum Jungle Project, which includes the Winchester magnesium deposit. The survey, along with high-resolution aerial magnetic and LiDAR surveys, will aid in preparing mine plans and exploring additional mineralization targets. The project covers 243 square kilometers of Pine Creek Orogen. | 07/11/2024 |
The company has withdrawn applications for exploration licenses E08/3561 and E52/4223, forming the Mt. Elephant Project in Western Australia, and now holds the right to acquire E08/3560 from Rheingold Investments Corporation Pty Ltd. | 06/11/2024 |
The company will hold its Annual General Meeting on 29 November 2024, focusing on re-election and appointment of directors. Nominations must be received by 8 November 2024. | 04/11/2024 |
The company releases a letter to shareholders that it is set to hold its Annual General Meeting on 29 November 2024, 1:00 PM (WST) at Armada Accountants & Advisors, 18 Sangiorgio Court, Osborne Park, WA, 6017. | 30/10/2024 |
The company lodges its annual report to shareholders and appendix 4G. | 30/10/2024 |
The company lodges its Full Year Statutory Accounts. | 29/10/2024 |
Following the Company's submission to ASX seeking a determination whether a shareholder approval is required for the Transaction pursuant to the ASX Listing Rules, the Company has received from ASX confirmation that ASX does not consider that either Listing Rule 11.1 or 11.2 applies to the proposed sale of Mineral Lease ML27362. Therefore, the Transaction does not require shareholder approval and consequently the Company does not intend to call an Extraordinary General Meeting of shareholders for the purpose of approving the Transaction. The Company has advised Leka accordingly. | 19/09/2024 |
The Company releases its preliminary results of Rum Jungle ground gravity survey. | 18/09/2024 |
The company has corrected an ASX report on 2 September 2024, which incorrectly stated that data was collected from 250 ground gravity survey stations within exploration license EL29550, resulting in a correct number of 380 stations. | 04/09/2024 |
The company releases an update on the Rum Jungle Project. | 02/09/2024 |
The company provides an operations update regarding the ground gravity survey at Rum Jungle Project. | 29/08/2024 |
Contractors have completed collecting data from approximately 400 ground gravity survey stations and approximately 1,200 ground stations remain to be surveyed. This high-resolution ground gravity survey is run on a 250 m by 250 m station spacing and will provide high quality ground gravity data with a pixel resolution of approximately 50 m. | 26/08/2024 |
Korab and Geolsec Phosphate Operations Pty Ltd have executed binding Heads of Agreement with an unrelated party, Leka II Shipping Limited to sell to Leka all Korab Group's rights, title and interests in and to the Geolsec mineral lease ML27362 and all mining exploration information relating to the mineral lease for a cash consideration of $4.35 million and a royalty of 10% of Net Smelter Returns on all minerals other than uranium and thorium and a royalty of 1% of Net Smelter Returns on uranium and thorium. Mineral lease ML27362 is 100% owned by Geolsec Phosphate Operations Pty Ltd (wholly owned subsidiary of Korab Resources Ltd) and is located some 60 km south of Port of Darwin in the Northern Territory of Australia. | 19/08/2024 |
The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report. | 31/07/2024 |
The securities of Korab Resources Limited will be suspended from quotation immediately under Listing Rule 17.3. ASX has determined that KOR's level of operations is not adequate to warrant the continued quotation of its securities and therefore is in breach of Listing Rule 12.1. The suspension will continue until such time that ASX is satisfied with KOR's compliance with the Listing Rules, including Listing Rule 12.1, and that it is otherwise appropriate for KOR's securities to be reinstated to quotation. | 29/07/2024 |
The suspension of trading in the securities of Korab Resources Limited will be lifted immediately following the release by KOR of an announcement regarding the results of the scoping study assessing the economics of production of magnesium metal at Winchester Magnesium Project. | 09/03/2022 |
The company releases the Winchester magnesium scoping study. | 09/03/2022 |
Korab is finalising the ASX announcement regarding the results of the scoping study assessing the economics of production of magnesium metal at Winchester Magnesium Project. This announcement is expected to be made as soon as possible but no later than commencement of trading on Thursday, 10 March 2022. The company therefore requests an extension of the suspension of its securities. | 09/03/2022 |
The securities of Korab Resources Limited will be suspended from quotation from the commencement of trading on Friday, 4 March 2022 under Listing under Listing Rule 17.2, at the request of KOR, pending the release of an announcement regarding the results of the scoping study assessing the economics of production of magnesium metal at Winchester Magnesium Project. | 04/03/2022 |
The suspension of trading in the securities of Korab Resources Limited will be lifted immediately, following receipt of a response to an ASX price and volume query. | 07/01/2021 |
The company issues a response to ASX Price & Volume Query. | 07/01/2021 |
The securities of Korab Resources Limited will be suspended from quotation immediately under Listing Rule 17.3, pending the release of a response to an ASX price and volume query. The securities will remain suspended until further notice. | 07/01/2021 |
The suspension of trading in the securities of Korab Resources Limited will be lifted immediately, following receipt of an announcement regarding the results of the feasibility study for the Winchester Magnesium Carbonate Project. | 07/03/2018 |
The company releases the results of the update of the pre-feasibility study to develop the Winchester magnesite as a direct shipping ore operation. | 07/03/2018 |
On 6 March 2018, the company has terminated heads of agreement for the supply of 300,000 tonnes per year of magnesium carbonate rock for 5 years. The HoA was terminated without penalties by Korab giving notice in writing to the counterparty as envisaged by the terms of the HoA. | 06/03/2018 |
The securities of Korab Resources Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement regarding the results of the feasibility study into Winchester Magnesium Carbonate Project. | 06/03/2018 |
The suspension of trading in the securities of Korab Resources Limited will be lifted at the commencement of trading on Wednesday, 8 November 2017. | 08/11/2017 |
The company has resolved to raise funds by way of a placement of up to 7.2 million shares at 2.8 cents each to unrelated exempt investors. The placement is to be completed within existing 15% share placement capacity and no shareholder approval is required. | 08/11/2017 |
The company advises that the financing transaction relating to the request for a trading halt has not been completed as the parties could not agree on the final terms. | 08/11/2017 |
The company releases a notice to optionholders that the options will expire at 5:00pm WST on 28 November 2017. The option holding may be exercised in whole or in part by payment of $0.10 for each option by no later than 28 November 2017. If payment is not received by 5:00pm WST on the said date, the options will lapse and all rights under the options will cease at that time. | 08/11/2017 |
The securities of Korab Resources Limited will be suspended from official quotation from the commencement of trading today, 3 November 2017 pending the release of an announcement regarding a financing transaction. | 03/11/2017 |
The suspension of trading in the securities of Korab Resources Limited will be lifted immediately following receipt of an announcement regarding a financing transaction. | 08/03/2017 |
The company has resolved to undertake a financing transaction to enable fast-tracking of the cobalt and zinc drilling program at the Batchelor project. The funding is by way of a $471,000, unsecured, zero-interest loan, which, subject to shareholder approval, will be converting to Korab's ordinary shares at a price of 1.9 cents per share. | 08/03/2017 |
The securities of Korab Resources Limited will be suspended from official quotation immediately pursuant to listing rule 17.3. | 08/03/2017 |
The suspension of trading in the securities of Korab Resources Limited (the "Company") will be lifted immediately, following the release of the Company's announcement regarding the Winchester transaction. Security Code: KOR KORO | 03/06/2013 |
Korab Resources Limited ("KOR" or "Company") requests a voluntary suspension of trading in Company's securities from commencement of trading on Friday, 31 May 2013 pending an announcement regarding the Winchester sale transaction. This announcement is expected to be made no later than commencement of trading on Wednesday, 5 June 2013 | 31/05/2013 |
The suspension of trading in the securities of Korab Resources Limited (the "Company") will be lifted immediately, following the release of the Company" announcement regarding the extension of term for Winchester transaction. Security Code: KOR | 03/04/2013 |
The securities of Korabe Resources Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. Security Code: KOR KORO | 02/04/2013 |
The suspension of trading in the securities of Korab Resources Limited (the "Company") will be lifted immediately, following the release of the Company" announcement concerning a capital raising. Security Code: KOR KORO | 22/02/2013 |
The securities of Korab Resources Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. Security Code: KOR KORO | 19/02/2013 |
we understand that on or about this date the company made an in specie distribution of 1.266 share in Lugansk Gold Ltd for every 1 share in the company | 07/03/2011 |
we understand that on or about this date the company made an in specie distribution of 1.266 share in Melrose Gold Mines Ltd for every 1 share in the company | 07/03/2011 |
securities reinstated to quotation | 01/03/2010 |
securities suspended pending an announcement | 25/02/2010 |
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Purchases Sales
| DATE | DIRECTOR | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|
| 29/11/2016 | Andrej Karpinski | -2,079,693 | $0.022 | $45,753 |
| 30/06/2014 | Andrej Karpinski | 23,693 | $0.047 | $1,115 |
| 30/06/2014 | Andrej Karpinski | 25,834 | $0.003 | $78 |
| 13/06/2014 | Andrej Karpinski | 466,001 | $0.001 | $466 |
| 03/06/2014 | Andrej Karpinski | 6,000 | $0.243 | $1,458 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Andrej Karpinski | Executive Chairman, Company Secretary | 14/04/1998 |
| Alicja Karpinski | Non Exec Director | 06/12/2022 |
| Anthony Wills | Non Exec Director | 23/04/2015 |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Rodney Skeet | Non Exec Director | 04/11/2002 | 05/12/2022 |
| Daniel Smetana | Non Exec Director | 28/10/2013 | 01/01/2020 |
| Malcolm McKenzie | Non Exec Director | 16/02/2009 | 19/11/2013 |
Date of first appointment, title may have changed.
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