Great Boulder Resources Ltd: Strategic Moves in the Mining Sector

In a series of recent developments, Great Boulder Resources Ltd, a prominent player in the Australian mining sector, has made significant moves that could shape its future trajectory. The company, known for its focus on exploring, developing, and mining gold deposits, has been active on the ASX All Markets, where its shares are currently trading at AUD 0.065, a notable increase from its 52-week low of AUD 0.04.

Issuance of Shares and Compliance

On May 13, 2025, Great Boulder Resources Ltd issued 204,467 fully paid ordinary shares without prior disclosure to a consultant, as per Part 6D.2 of the Corporations Act. This move was accompanied by a cleansing notice, ensuring compliance with the Corporations Act 2001. The company confirmed adherence to the relevant provisions, including Chapter 2M and sections 674 and 674A, and stated that no undisclosed “excluded information” required disclosure under section 708A(6)(e) of the Corporations Act was in its possession.

Application for Quotation of Securities

Simultaneously, Great Boulder Resources Ltd applied for the quotation of the newly issued shares on the ASX. These shares were issued in lieu of cash to creditors for services rendered, marking a strategic decision to manage its financial obligations while maintaining liquidity. The application, filed under Appendix 2A of the ASX Listing Rules, underscores the company’s proactive approach to capital management and its commitment to transparency with stakeholders.

Cessation of Securities

In another strategic move, Great Boulder Resources Ltd announced the cessation of 200,000 GBRAU options, which were set to expire on July 18, 2025. The options lapsed due to unmet conditions, as detailed in a notification under Appendix 3H of the ASX Listing Rules. This cessation reflects the company’s ongoing efforts to streamline its capital structure and focus on core operations.

Market Position and Outlook

With a market capitalization of approximately AUD 53.2 million, Great Boulder Resources Ltd continues to navigate the dynamic metals and mining industry. The recent share issuance and strategic financial maneuvers indicate a forward-looking approach, aimed at bolstering its operational capabilities and enhancing shareholder value.

As the company progresses, stakeholders will be keenly observing its ability to capitalize on its gold exploration and mining expertise, while effectively managing its financial and regulatory obligations. The recent developments suggest a company poised for growth, with a clear focus on strategic asset management and compliance.

For more detailed information, stakeholders are encouraged to visit Great Boulder Resources Ltd’s website at www.greatboulder.com.au or contact their office at PO Box 677, West Perth 6872, Western Australia.