Great Northern Minerals Ltd: Key Financial and Corporate Updates
Great Northern Minerals Ltd, an Australian mining company specializing in gold projects, has recently announced several key developments. The company, listed on the ASX All Markets, operates primarily in West Perth and serves customers within Australia. Here are the latest updates:
Annual General Meeting and Director Nominations
On August 28, 2025, Great Northern Minerals Ltd announced the date for its Annual General Meeting (AGM), scheduled for Wednesday, October 22, 2025. The AGM will include the election of Directors, with nominations closing as per the company’s Constitution. This announcement aligns with ASX Listing Rule 3.13.1.
Corporate Governance Statement
The company has updated its Corporate Governance Statement for the financial year ending June 30, 2025. The statement, available on the company’s website, has been approved by the board and is current as of August 27, 2025. This update reflects the company’s commitment to transparency and adherence to the Corporate Governance Council Principles and Recommendations.
Annual Report to Shareholders
Great Northern Minerals Ltd has released its Consolidated Annual Financial Report for the year ended June 30, 2025. The report includes a Directors’ Report and an Auditors’ Independence Declaration, providing shareholders with a comprehensive overview of the company’s financial performance and governance practices.
Change of Directors’ Interest Notice
The company has issued a Change of Directors’ Interest Notice, as required under ASX Listing Rule 3.19A.2. This notice ensures that any changes in directors’ interests are transparently communicated to the ASX and, subsequently, to the public.
Cleansing Notice Under Section 708A
On August 26, 2025, Great Northern Minerals Ltd issued a cleansing notice under Section 708A of the Corporations Act 2001. This notice pertains to the issuance of 5,000,000 fully paid ordinary shares upon the conversion of performance rights expiring on January 19, 2027. The shares were issued without prior disclosure to investors, as permitted under section 708A(5) of the Corporations Act.
Application for Quotation of Securities
The company has applied for the quotation of 5,000,000 ordinary fully paid shares on the ASX, with the issue date set for August 26, 2025. This application is part of the company’s ongoing efforts to manage its capital structure and provide liquidity to its shareholders.
Financial Overview
As of August 26, 2025, Great Northern Minerals Ltd’s close price was AUD 0.081, with a 52-week high of AUD 0.092 and a low of AUD 0.012. The company’s market capitalization stands at AUD 2,780,000, and it has a price-to-earnings ratio of -7.892, reflecting its current financial performance and market conditions.
These updates highlight Great Northern Minerals Ltd’s ongoing efforts to maintain transparency, adhere to regulatory requirements, and manage its financial and operational strategies effectively.