NAVARRE MINERALS LIMITED (NML)

The letters to eligible shareholders in relation to the priority offer have be been despatched. The priority offer and public offer are both open.

Notice is hereby given that the 2023 Annual General Meeting of Shareholders of Navarre Minerals Limited will be held virtually via a live webcast at 11:00am (AEDT) on Friday 1 November 2024.

The company releases its Appendix 4G & Corporate Governance Statement.

The company lodges its 2024 Annual Report to Shareholders.

The company releases a notice of proposed issue of securities.

The company releases a prospectus for an offer of up to 60,000,000 Shares in the capital of the Company at an issue price of $0.10 per Share to raise up to $6,000,000 (before costs). The offer shall be comprised of: a priority offer to Eligible Shareholders of up to 40,000,000 Shares with an issue price of $0.10 to raise up to $4,000,000; and an offer to the general public of up to 20,000,000 Shares together with any shortfall under the Priority Offer on the same terms as the Priority Offer to raise up to $2,000,000, together, the Placement. This Prospectus also contains secondary offers of up to: (a) 3,000,000 unquoted Options to Harbury Advisors Pty Ltd (or its nominees) and Canary Capital Pty Ltd (or its nominees); and 100 Shares at an issue price of $0.10 per Share to raise up to $10.

The company releases a notice of consolidation. Shareholders get 1 share for every 500 presently owned.

Managing Director, Mr James Gurry's base remuneration has been updated to bring his remuneration into line with market rates. In accordance with ASX Listing Rule 3.16.4, Mr Gurry's base remuneration has increased to $285,000 per annum plus any statutory superannuation. Mr Gurry will also be eligible to take part in the Company's incentive program at the Board's discretion, subject to any necessary regulatory approval required from shareholders.

The company releases an Investor Presentation.

The company releases an Investor Webinar.

All previously outstanding statutory reports have now been filed and the Company has lodged a submission with the ASX for approval to recapitalise the Company. The key terms of the proposed recapitalisation are a consolidation of shares and an equity capital raise at $0.10 to raise between $4m and $6m to fund further activity across the Company's portfolio of advanced exploration projects in Victoria. The Company welcomes Dunkeld Pastoral Co Pty Ltd as an early cornerstone investor by committing to invest at least $1m. Dunkeld Pastoral Co Pty Ltd is a family company with its principal base in the southern Grampians region of Victoria and has investments locally and internationally across a diverse range of industries. Provision of the $500,000 to the Company under the convertible debt deed is subject to approval by all existing convertible debt holders. Subject to ASX approval, under the Stage 2 Capital Raise the Company intends to invite existing shareholders and new investors to apply for shares by way of a transaction specific prospectus in accordance with section 713 of the Corporations Act 2001. The Company completed the first stage of the recapitalisation, via an approximate $1.7m convertible debt issuance to sophisticated and professional investors. The Company proposes, to undertake a consolidation of its fully paid ordinary shares on a 500:1 basis subject to shareholder approval. This is expected to represent approximately 3-4% of the post capital raise reconstructed capital of the Company.

The company lodges its Half Year Report and Accounts December 2023.

The company lodges its 2023 appendix 4g & corporate governance statement.

The company lodges its 2023 annual report to shareholders.

Navarre Minerals Limited is pleased to report assay results from the recently completed Tandarra Gold Project JV diamond drilling program at the Lawry prospect. Seven diamond drill holes (TND013 "“ TND018) have been completed as a follow-up to the previous reported high-grade intersection from TND007: 12.9m @ 33.1g/t Au from 66.4m, including 0.5m @ 831g/t1. Mineralised quartz veining intersected in all drilling, showing continuity of the mineralised system over 130m of strike and up to 190m below surface. The drilling confirms that there are now multiple zones of gold mineralisation extending well into the fresh rock. This confirms the gold distribution may be similar to that mined at the historic Bendigo Goldfield where 22 million ounces of gold was produced. These results will be further analysed by Navarre's geological team to support the operator in continuing the potential of Tandarra Gold Project over the coming 12 months.

The company releases an Investor Presentation on Advanced Gold Exploration in Victoria.

The securities of the company have been suspended for more than three months. If an entity does not meet the 1 or 2 year deadlines, it will be removed from the official list. The removal will usually take effect from the open of trading on the first trading day after the deadline date.

The quarterly reports have been lodged. This is a key outstanding compliance requirement as part of its process to seek reinstatement to the ASX and the trading of its shares. It is intended the Company will undertake the second step in its recapitalization by way of a new equity issue immediately prior to the resumption of trading of its shares, which is subject to various approvals including from the ASX and shareholders. This capital will be used to fund exploration works on its Victorian exploration projects and for working capital. This future equity issue is likely to prioritise current shareholders and the investors in the recent convertible note offer. The Company will likely in parallel seek shareholder approval to consolidate its existing issued share capital.

The company lodges the following: June 2023 Quarterly Activities Report and Cashflow Report, September 23 Quarterly Activities Report and Cashflow Report, December 23 Quarterly Activities Report and Cashflow Report, March 2024 Quarterly Activities Report and Cashflow Report, June 2024 Quarterly Activities Report and Cashflow Report.

Shareholders in this company should consider crystallising a capital loss in 2024/25 by selling their shares. This process is now much easier and quicker. It can be achieved online by entering transaction details here. While, this usually makes good economic sense we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

The board of Navarre Minerals Limited has taken the decision to recommit to its 49% interest in the Tandarra Gold Project.

The company releases a notification of cessation of securities.

The company releases a notice of proposed issue of securities.

The first stage to recapitalise the Company has been completed via an approximate $1.7m convertible debt issuance to sophisticated and professional investors. Mr Gurry and Mr Taylor have supported the Company by investing $100,000 and $25,000 respectively. The issuance of the convertible notes to these Directors is subject to shareholder approval. Part of the initial funding has been used to pay the Deed Administrator the agreed sum of $525,000 and thereby satisfying the key condition to removing the Deed of Company Arrangement. The DOCA has been effectuated. Funds raised will also be used to cover legal, accounting, audit, consultant and other fees to re-comply with, and seek to resume trading on, the ASX. This is subject to various approvals including ASX compliance and readmission approval, and shareholder approval. Funds raised in this initial capital round will also contribute towards tenement management, exploration preparation works and/or contributions to the Company's non-operating interest in the Tandarra Gold Project JV north of Bendigo. It is intended the Company will undertake the second step in its recapitalization by way of a new equity issue immediately prior to the resumption of trading of its shares, which is subject to various approvals including from the ASX and shareholders.

The Directors seek to recapitalise the Company to enable the advancement of its long-standing and well-known Victorian project portfolio in a supportive gold price environment

At the creditors meeting held on 26 September 2023, creditors resolved that the Companies, excluding Navarre Minerals Queensland, were to execute a deed of company arrangement. This DOCA was executed on 18 October 2023.

Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday, 21 August 2023 would have its securities suspended from Official Quotation before the commencement of trading on Tuesday, 22 August 2023. The following entity has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2024 and consequently will have its securities suspended from quotation immediately. The company has failed to pay to ASX the annual listing fees for the year ending 30 June 2024, and its securities are already suspended from quotation.

On 21 June 2023 Receivers and Managers were appointed to The Company's subsidiary, NMQ, by secured creditor Evolution Mining Limited.

Andrew Sallway, Andrew Fielding and I were appointed Joint and Several Voluntary Administrators of the Company on 19 June 2023

The securities of Navarre Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of NML, pending the release of an announcement regarding its refinancing and restructuring plans.

The suspension of trading in the securities of Navarre Minerals Limited will be lifted immediately, following the release by the Company of an announcement regarding a capital raising.

Navarre completes Placement of 33.98 million new shares at $0.05 per share raising approximately $1.7 million. There is strong support from major shareholders, Kirkland Lake Gold Ltd. and The Victor Smorgon Group, and new investors. There is a share purchase plan to raise up to $0.8 million to eligible shareholders at the placement issue price of $0.05 per share. Funds raised will be applied to advance exploration at the company's flagship Irvine Gold Project and Tandarra Gold Project. Following successful completion of the capital raise, Navarre will be fully funded for its planned 2018-19 field season .

The securities of Navarre Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of the Company, pending the release of an announcement regarding a capital raising.

The securities of Navarre Minerals Limited will be reinstated to quotation immediately, following the release of an announcement by the Company.

The company has received binding commitments for a placement to raise $1.55 million before costs at a price of $0.04 per share. This is with the support of Kirkland Lake Gold, a major shareholder. Navarre is fully funded for the current drill program at the Irvine Gold Project, proximate to the 4Moz Stawell Gold Mine

The securities of Navarre Minerals Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement by the Company.

listed entity carried for record purposes only