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Announcements - 2001, 2002 |
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Announcements - 2001, 2002 |
CHANGE OF DIRECTOR'S INTEREST NOTICE
Name of Company Goldsearch Limited
ABN 73 006 645 754
We (the entity) give the ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. Name of Director John Landerer
Date of last notice 05/12/2002
Part 1 - Change of director's relevant interests in securities
Direct or indirect interest Direct
Nature of indirect interest (including registered holder) -
Date of change 03/12/2002
No. of securities held prior to change 2,200,000
Class ordinary fully paid
shares in Goldsearch
Limited
Number Acquired 629,936
Number disposed -
Value/consideration 29,936 @ 3.8 cents per share
600,000 @ 3.9 cents per share
No. of securities held after
change 2,829,936 ordinary fully paid shares
3,000,000 unquoted options over unissued
shares in Goldsearch exercisable at 15
cents per option and expiring on 15
July 2004 (indirect interest held by
associated company Ganeden
Investments Pty Limited)
Nature of change On market purchases
Part 2 - Change of director's relevant interests in contracts
Detail of contract N/A
Nature of direct interest -
Name of registered holder (if issued securities) -
Date of change -
No. and class of securities to which interest related prior to change -
Interest Acquired -
Interest disposed -
Value/consideration -
Interest after change -
CHANGE OF DIRECTOR'S INTEREST NOTICE
Name of Company Goldsearch Limited
ABN 73 008 845 754
We (the entity) give the ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. Name of Director John Landerer
Date of last notice 03/12/2002
Part 1 - Change of director's relevant interests in securities
Direct or indirect interest Direct
Nature of indirect interest (including registered holder) -
Date of change 03/12/2002
No. of securities held prior to change 2,100,770
Class ordinary fully paid
shares in Goldsearch Ltd
Number Acquired 99,230
Number disposed Nil
Value/consideration 3.8 cents per share
No. of securities held after
change 22,200,000 ordinary
fully paid shares
3,000,000 unquoted options
over unissued shares in
Goldsearch exercisable at
15 cents per option and
expiring on 15/07/2004
(indirect interest held by
associated company Ganeden
Investments Pty Ltd)
Nature of change On market purchases
Part 2 - Change of director's relevant interests in contracts
Detail of contract N/A
Nature of direct interest N/A
Name of registered holder (if issued securities) N/A
Date of change N/A
No. and class of securities to which interest related prior to change N/A
Interest Acquired N/A
Interest disposed N/A
Value/consideration N/A
Interest after change N/A
CHANGE OF DIRECTOR'S INTEREST NOTICE
Name of Company Goldsearch Limited
ABN 73 006 645 754
We (the entity) give the ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. Name of Director John Landerer
Date of last notice 24/07/2002
Part 1 - Change of director's relevant interests in securities
Direct or indirect interest Direct
Nature of indirect interest (including registered holder) -
Date of change 29/11/2002
No. of securities held prior to change 2,000,000
Class ordinary fully paid
shares in Goldsearch
Limited
Number Acquired 100,770
Number disposed -
Value/consideration 3.8 cents per share
No. of securities held after change:
2,100,770 ordinary fully paid shares
3,000,000 unquoted options over unissued shares in Goldsearch exercisable at 15 cents per option and expiring on 15 July 2004 (indirect interest) held by associated company Ganeden Investments Pty Limited)
Nature of change On market purchase
Part 2 - Change of director's relevant interests in contracts
Detail of contract N/A
Nature of direct interest -
Name of registered holder (if issued securities) -
Date of change -
No. and class of securities to which interest related prior to change -
Interest Acquired -
Interest disposed -
Value/consideration -
Interest after change -
In accordance with Listing Rule 3.13.2 we advise the following in relation to the Annual General Meeting of shareholders held earlier today.
The resolutions to re-appoint Messrs J Landerer, R B Leece and A G Harris as directors were each approved unanimously on a show of hands.
Proxies for the meeting were lodged by shareholders holding a total of 56,847,479 shares being 38.95% of the total voting rights in the Company.
Of the proxies lodged in relation to the resolution to re-appoint Mr J Landerer as a director, 22,270,753 contained voting instructions in favour of the resolution; Nil contained voting instructions against the resolution; and 34,577,000 were open proxies of which 33,662,000 were to members of the board.
Of the proxies lodged in relation to the resolution to elect Mr R B Leece as a director, 22,325,753 contained voting instructions in favour of the resolution; Nil contained voting instructions against the resolution; and 34,522,000 were open proxies of which 33,607,000 were to members of the board.
Of the proxies lodged in relation to the resolution to re-appoint Mr A G Harris as a director, 22,243,753 contained voting instructions in favour of the resolution; 27,000 contained voting instructions against the resolution; and 34,577,000 were open proxies of which 33,662,000 were to members of the board
P S Hewson
SECRETARY
Re: Outcome of annual general meeting
In accordance with Listing Rule 3.13.2 we advise the following in relation to the Annual General Meeting of shareholders held earlier today.
The resolutions to re-appoint Messrs J Landerer, R B Leece and A G Harris as directors were each approved unanimously on a show of hands.
Proxies for the meeting were lodged by shareholders holding a total of 56,847,479 shares being 38.95% of the total voting rights in the Company.
Of the proxies lodged in relation to the resolution to re-appoint Mr J Landerer as a director, 22,270,753 contained voting instructions in favour of the resolution; Nil contained voting instructions against the resolution; and 34,577,000 were open proxies of which 33,662,000 were to members of the board.
Of the proxies lodged in relation to the resolution to elect Mr R B Leece as a director, 22,325,753 contained voting instructions in favour of the resolution; Nil contained voting instructions against the resolution; and 34,522,000 were open proxies of which 33,607,000 were to members of the board.
Of the proxies lodged in relation to the resolution to re-appoint Mr A G Harris as a director, 22,243,753 contained voting instructions in favour of the resolution; 27,000 contained voting instructions against the resolution; and 34,577,000 were open proxies of which 33,662,000 were to members of the board
Yours faithfully
P S Hewson
Secretary
1. Musgrave Block project
Work area clearances have been completed on four exploration licences (ELs 9407, 5702, 9443 and 9741). Field exploration activity is expected to commence in the December quarter. Subject to availability, a helicopter supported visit to the area, to substantiate geological structures identified as being of particular interest from the database compiled from past records, is scheduled to take place during the December quarter. This will be the first visit by mining company geologists in over 20 years. EL 9443 has a particular magnetic copper-gold-iron oxide target which could be of significant interest. The four licences cover an area of approximately 1,900 square kilometres and are prospective for base metals, silver and gold. Goldsearch holds 100% equity in EL 9407 and can earn up to a 75% interest in ELs 22710, 5702, 9443 and 9741.
Independence Gold NL will fund and manage exploration on behalf of Goldsearch and its joint venture partners in return for the opportunity to earn 51% of the equity held by Goldsearch.
2. Duck Creek project
In the previous quarter, access agreements were concluded with the Mitakoodi and Kalkadoon People for exploration permits for minerals on EPMs 13273 and 13336. The Queensland Department of Natural Resources and Mines has since advised that the list of registered claimants for the Kalkadoon People was amended and a new agreement has to be signed. Once this and other agreements with the local communities are finalised an initial field reconnaissance sampling and mapping survey will proceed.
3. St Arnaud prospect
The Company has reduced the area under application from 311 square kilometres to 59 square kilometres. The St Arnaud prospect is located 100 kilometres west of Bendigo in Victoria. The tenement includes the Lord Nelson reef system that was one of the top twenty Victorian gold mines and produced in excess of 10 tonnes (330,000 ounces) of gold to over 1,000 metres depth. Gold was still being mined from the Comstock lode as recently as 1997. The Company's future exploration will concentrate on a north-east cross faulted structure that extends for many kilometres on either side of the Lord Nelson reef system with anomalous surface geochemical and co-incident geophysical images.
4. Hawks Nest project
The joint venture with Phelps Dodge Australasia Inc (PDA) to explore the base metal potential of the Hawks Nest tenement (EL 2899) which covers an area of 324 square kilometres and is located approximately 100 kilometres north-west of Coober Pedy, South Australia is progressing. PDA plan a site visit during the December quarter and a detailed work program is being assessed. Under the terms of the agreement PDA can earn up to 70% equity in the tenement by contributing $4,000,000 in exploration expenditure. PDA will spend a minimum of $100,000 within the next 18 months.
5. Appointment of director
On 7 August 2002 Mr Robert B Leece, AM RFD was appointed as a director of the Company to fill a casual vacancy on the board.
For details, click here.
NOTICE IS HEREBY GIVEN that the 2002 annual general meeting of the shareholders of Goldsearch Limited will be held in the Edwin Flack Room at The Wentworth Hotel, 61 Phillip Street, Sydney on Thursday 28 November, 2002 at 11.00am.
ORDINARY BUSINESS
1. To receive and consider the financial report for the year ended 30 June, 2002.
2. To elect directors -
(a) Mr J Landerer, CBE AM retires as a director by rotation in accordance with rule 75 of the constitution of the Company and being eligible offers himself for re-election.
(b) Mr R B Leece, AM RFD, having been appointed by the directors during the year to fill a casual vacancy on the board, retires in accordance with rule 74.2 of the constitution of the Company, and being eligible offers himself for election as a director.
(c) Mr A G Harris, having attained the age of 72 years, automatically retires as a director at the conclusion of the meeting pursuant to section 228(3) of the Corporations Act 2001, and being eligible offers himself for re-appointment as a director until the next annual general meeting. (This matter is to be considered by way of a special resolution requiring approval by not less than three-quarters of the members voting at the meeting in person or by proxy).
3. Other business.
P S Hewson
SECRETARY
Enclosed for release to the market is a copy of the audited financial report of Goldsearch Limited for the year ended 30 June, 2002.
For and on behalf of the directors of
Goldsearch Limited
P S Hewson
Secretary
2002 Annual Report - click here.
Re: Appendix 3X notice – Mr R B Leece
Enclosed please find a duly completed Appendix 3X - Initial Director’s Notice for Mr R B Leece who was appointed a director of Goldsearch Limited on 7 August 2002.
For and on behalf of the board of directors of
Goldsearch Limited
P S Hewson
Secretary.
Rule 3.19A.1
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/9/2001.
|
We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director |
Robert Burgess LEECE |
Date of appointment |
7 August 2002 |
Part 1 - Director's relevant interests in securities of which the director is the registered holder
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Number & class of securities
|
Part 2 - Director's relevant interests in securities of which the director is not the registered holder
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Name of holder & nature of interestNote: Provide details of the circumstances giving rise to the relevant interest.
being companies associated with, or controlled by, by Mr Leece. |
Number & class of securitiesA total of 8,040,900 ordinary fully paid shares in Goldsearch Limited. |
Part 3 - Director's interests in contracts
| Detail of contract |
NIL |
| Nature of interest |
N/A |
| Name of registered holder (if issued securities) |
N/A |
| No. and class of securities to which interest relates |
N/A |
For and on behalf of Goldsearch Limited
P S Hewson
Secretary
8 August 2002
The directors of Goldsearch Limited are pleased to advise that Mr Robert B Leece AM, RFD has today been appointed as a director of the Company to fill a casual vacancy on the board.
Mr Leece, a civil engineer, was previously deputy director general of the Olympic Co-ordination Authority, chief executive of the Olympic Roads and Transport Authority for the 2000 Sydney Olympic Games and chairman of the Southern Sydney Recovery Task Force. He brings to the board his considerable experience in major construction projects and relationships with government.
For and on behalf of the board of directors of
Goldsearch Limited
P S Hewson
Secretary.
The directors of Goldsearch Limited advise that the 106,607,369 quoted options exercisable at 20 cents per share on issue by the Company expired on 31 July 2002.
The total issued securities of the Company now comprise:
145,967,479 ordinary fully paid shares
12,000,000 options expiring 15 July 2004 exercisable at 15 cents each
1,000,000 options expiring 15 July 2004 exercisable at 10 cents each
1,000,000 options expiring 15 July 2004 exercisable at 20 cents each
1,000,000 options expiring 15 July 2004 exercisable at 30 cents each
Please amend your records accordingly.
P S Hewson
Secretary.
Notice is hereby given that the abovementioned quoted options registered in your name as at 1 July 2002, each of which entitles you to subscribe for one ordinary fully paid cent share in Goldsearch Limited at an issue price of 20 cents per share, will expire at 5pm Eastern Standard Time on Wednesday 31 July 2002.
These options will expire and be of no further force or effect unless you exercise your options, in whole or in part, by forwarding a duly completed "Notice of Exercise of Options" (as enclosed) together with payment of the relevant application monies, to arrive at the share registry or registered office of the Company no later than 5pm Eastern Standard Time on Wednesday 31 July 2002.
(1) PAYMENT
Cheques or bank drafts in Australian dollars should be made payable to "Goldsearch Limited", crossed "Not negotiable", and forwarded together with a duly completed "Notice of Exercise of Options" to the share registry of the Company;
Computershare Investor Services Pty Limited Level 3, 60 Carrington Street, Sydney NSW 2000. Tel (02) 8234 5000: Fax (02) 8216 5500
or
delivered to the registered office of the Company as detailed above; to arrive no later than 5pm Eastern Standard Time on Wednesday 31 July 2002.
(2) PARTIAL PAYMENTS OR UNDER PAYMENTS
If your remittance is less than the amount indicated on this notice, you will be issued with the number of fully paid ordinary shares, at an issue price of 20 cents each, represented by your payment and the balance of your options will expire.
(3) INFORMATION ON RECENT SHARE PRICES
The latest market price of fully paid ordinary shares in Goldsearch Limited prior to the issue of this notice was 4 cents on 28 June 2002.
The highest market price in the three months prior to the issue of this notice was 6.1 cents on 4 March, 2002. The lowest market price in the three months prior to the issue of this notice was 3.7 cents on 27 June, 2002.
(4) QUOTATION OF LISTED OPTIONS
Quotation of your options on the Australian Stock Exchange will cease at the close of business on Wednesday 24 July 2002.
P S Hewson
SECRETARY
THIS NOTICE IS NOT AN INDUCEMENT FOR YOU TO EXERCISE YOUR OPTIONS. IF YOU HAVE ANY DOUBTS AS TO THE MERITS OF EXERCISING YOUR OPTIONS OR NOT, YOU SHOULD SEEK INDEPENDENT ADVICE FROM YOUR STOCKBROKER, ACCOUNTANT OR FINANCIAL ADVISER.
LETTER TO OPTIONHOLDERS
OPTIONS EXPIRING ON 31 JULY, 2002
Enclosed herewith a notice regarding expiry of your options. This is a requirement of ASX listing rules and is not intended as an inducement for you to exercise your options prior to expiry.
By way of update we have recently been granted licences for five tenements in the Northern Territory portion of the Musgrave Block. As most of you are aware we have been waiting for six years for these licences to be granted. This is the first entry opportunity for a mining company in over twenty years and our patience will hopefully be rewarded in coming months with significant results from these highly prospective areas.
Our joint venture partner, Independence Gold NL has prepared work programs for the granted exploration licences and we are awaiting clearance of the areas by the traditional owners.
This is a most promising development for Goldsearch, however it is unfortunate it is too late to significantly change the likelihood of the 31 July, 2002 options expiring without value.
The Company has recently applied for tenements in Victoria and southern NSW and is actively pursuing joint venture opportunities.
The board is confident that the next six months will be a time of considerable opportunity and growth for your company.
If you have any doubts as to the merits of exercising your options or not, you should seek independent advice from your stockbroker, accountant or financial adviser.
The directors thank you for your support and look forward to your continuing involvement with the Company.
J Landerer (OBE AM)
CHAIRMAN
Goldsearch Limited has signed a Heads of Agreement with Phelps Dodge Australasia Inc in relation to exploring the base metal potential of EL 2899 under a joint venture agreement. An announcement is attached for release to the market.
P S Hewson
SECRETARY
JOINT VENTURE WITH PHELPS DODGE AUSTRALASIA INC TO EXPLORE BASE METAL POTENTIAL IN THE GAWLER CRATON, SOUTH AUSTRALIA
Goldsearch Limited has signed a Heads of Agreement with Phelps Dodge Australasia Inc(PDA) in relation to a joint venture to explore the base metal potential of EL 2899 located in the Gawler Craton region of South Australia.
EL 2899 covers an area of 324 sq kms and is located approximately 100 kms northwest of Coober Pedy. The area is considered prospective for copper/gold mineralisation similar in style to the Olympic Dam mine and recent Prominent Hill discovery. A prominent magnetic anomaly located within the exploration licence area will be the initial exploration target.
Under the terms of the agreement PDA can earn up to 70% equity in EL 2899 by contributing $4 million in exploration expenditure. PDA will spend a minimum of $100,000 within the next 18 months.
PDA is the Australian subsidiary of the USA based Phelps Dodge Corporation which is the world's second largest producer of copper.
The directors of Goldsearch look forward to a successful exploration relationship with PDA and welcome the technical expertise and financial support their participation will bring to the project.
A plan locating EL 2899 is attached.
For further information contact:
Mr Albert Harris
DIRECTOR
Tel: (02) 9241 5999
Fax: (02) 9241 5599
Re: Musgrave Block Exploration Licence - Northern Territory
An exploration licence in which Goldsearch Limited has an interest has been granted for a period of 6 years in the Musgrave Block region of the Northern Territory. An announcement is attached for release to the market.
Yours faithfully,
Norman Kennedy
General Manager - Exploration
ANNOUNCEMENT
9 May, 2002
Another Exploration Licence Granted in the
Musgrave Block Region of the Northern Territory
Exploration Licence EL 22710 covering approximately 449 square kilometres of prospective ground in the Musgrave Block region of the Northern Territory has been granted for a period of 6 years. Goldsearch holds 51% of the licence and intends to commence exploration as soon as possible. Independence Gold NL will fund and manage exploration on behalf of Goldsearch.
Goldsearch now has an interest in five exploration licences granted recently in the Musgrave Block region of the Northern Territory. Together the five licences cover a total area of approximately 2,375 square kilometres and are considered prospective for base metals, silver and gold.
A plan locating EL 22710 and other Goldsearch tenements located in the vicinity is attached.
For further information contact:
Mr Norman Kennedy
General Manager - Exploration
Goldsearch Limited
Tel: (02) 9241 5999
Fax: (02) 9241 5599
Goldsearch Limited Website
Goldsearch Limited is pleased to announce their website is now available and can be opened at www.goldsearch.com.au. The site has been designed to be easy to use and as informative as possible.
With the expectation of increased exploration activity on our projects during the coming year the site will be frequently updated to facilitate dissemination of announced exploration results. Shareholders, investors and other interested parties are encouraged to use the site to obtain public information about the Company.
For further information contact:
Mr Norman Kennedy
General Manager - Exploration
Goldsearch Limited
Tel: (02) 9241 5999
Fax: (02) 9241 5599
Three Additional Exploration Licences Granted in the
Musgrave Block Region of the Northern Territory
Exploration Licences ELs 5702, 9443 and 9741 covering approximately 665 square kilometres of prospective ground in the Musgrave Block region of the Northern Territory were granted for a period of 6 years on the 14 January, 2002. Goldsearch has the right to earn up to 75% of each licence and intends to commence exploration as soon as possible. Independence Gold NL will fund and manage exploration on behalf of Goldsearch and its joint venture partners.
A number of exploration targets based on circular magnetic features considered prospective for copper-gold-iron oxide ore deposit models similar to Olympic Dam and sediment hosted styles of base metal mineralisation similar to that of the Zambian Copper Belt have been defined. Targets with potential for gold bearing polymetallic quartz lodes will also be investigated. A work program is currently being prepared for submission to the traditional owners.
The licence areas are in the same vicinity as Exploration Licence EL 9407 granted to Goldsearch last month. Together the four licences cover a total area of approximately 1,900 square kilometres and are considered prospective for base metals, silver and gold.
Two plans locating ELs 5702, 9443 and 9741 are attached.
For further information contact:
Mr Norman Kennedy
General Manager - Exploration
Goldsearch Limited
Tel: (02) 9241 5999
Fax: (02) 9241 5599
Musgrave Block Licence Granted in Northern Territory
Goldsearch has been granted Exploration Licence EL 9407 located in the Bloods Range area of the Musgrave Block region in the Northern Territory. The exploration licence has been granted for a period of six years and covers an area of 1,265 square kilometres. The licence is considered prospective for base metals, silver and gold and is the first to be granted in the Musgrave Block region of the Northern Territory for more than 20 years.
An additional three exploration licences located in the same area and covering approximately 665 square kilometres are expected to be granted shortly.
It is the intention of Goldsearch and its joint venture partner Independence Gold to commence exploration as soon as possible. A number of exploration targets based on circular magnetic features and copper-gold-iron oxide ore deposit models like Olympic Dam and sediment hosted styles of base metal mineralisation similar to that of the Zambian Copper Belt have been defined. Targets with potential for gold bearing polymetallic quartz lodes will also be investigated. A work program is currently being prepared for submission to the traditional owners early in January.
Two plans locating EL 9407 are attached.
For further information contact:
Mr Norman Kennedy
General Manager - Exploration
Goldsearch Limited
Tel: (02) 9241 5999
Fax: (02) 9241 5599
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