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Our website ranking of DCN: rating 4
(4 out of 5)


Computershare Perth
Level 17, 221 St Georges Terrace, Perth WA 6000
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details
ISIN: AU000000DCN6
Address: Level 7, 40 The Esplanade Perth WA 6000
Tel:  (08) 6323 9000 Fax: (08) 6323 9099

Date first listed: 14/11/2012
Company Secretary: Derek Humphry, Sonia Hamilton-Browne

Sector: Materials
Industry Group: XMJ
Activities: Gold exploration

delisted following compulsory acquisition under Listing Rule 17.14


we understand Genesis Minerals Limited was successful with an offer of 0.1935 Genesis shares for every one Dacian Gold share


As Genesis Minerals Limited has given notice to compulsorily acquire all Dacian shares not accepted into Genesis' off-market takeover offer (which closes at 4.00pm (WST) on Friday 17 November 2023), Dacian will be delisted from the ASX with effect from Monday 20th November 2023 in accordance with ASX policy. Dacian encourages all remaining shareholders that have not yet done so to accept the offer immediately.


The securities of Dacian Gold Limited will be suspended from quotation at the close of trading on Thursday, 9 November 2023 under Listing Rule 17.4, following despatch of the compulsory acquisition notices by Genesis Minerals Limited.


The suspension of trading in the securities of Dacian Gold Limited will be lifted immediately following the release by DCN of an announcement regarding a capital raising.


Successful completion of the bookbuild of the Placement and the Institutional Entitlement Offer to raise approximately $70 million. Strong support received from existing institutional shareholders and a number of new high quality institutional investors introduced to the register. The Retail Entitlement Offer to raise a further $28 million is expected to close on 1 May 2020. The bookbuild has resulted in the Retail Entitlement Offer now being fully underwritten. Dacian shares to recommence trading on Tuesday 14 April 2020.


The company releases an Equity Raising Presentation.


The company issues a prospectus for a 1 for 1 pro-rata accelerated non-renounceable entitlement offer of New Shares at an Offer Price of $0.30 per New Share to raise up to approximately $68.5 million (before costs).


The company releases a notice of Proposed issue of Securities - DCN.


Institutional Placement and 1 for 1 Entitlement Offer to raise up to approximately A$98 million. New shares to be issued at A$0.30 per share. A minimum of A$80 million of the Offer is underwritten by Macquarie Capital (Australia) Limited and Canaccord Genuity (Australia) Limited. The Offer will facilitate Dacian's recapitalisation and reinstatement to official quotation on the Australian Securities Exchange (pending the successful completion of the Placement and institutional component of the Entitlement Offer). Proceeds of the Offer will be directed to the partial repayment of Dacian's Project Debt Facility, pre-stripping activities at the Doublejay open-pit, targeted exploration activities and working capital. The Directors of Dacian have committed to take up to $5.7 million of the Offer via their existing entitlements and/or through sub-underwriting of the Offer. With a deleveraged balance sheet and rejuvenated corporate strategy, Dacian is now well positioned to pursue its simplified operating plan with a three-year outlook targeting average 110,000 oz per annum at an all-in sustaining cost of A$1,350/oz.


The company requests that its securities remain in voluntary suspension until the finalisation of the recapitalisation proposal, which is anticipated to occur by the end of April 2020.


The company lodges its Preliminary March Quarter Operating Results.


The company lodges its Half Year Financial Statements.


The company releases an Investor Presentation.


Three-year outlook delivers average annual gold production of 110,000oz at AISC of $1,350/oz. Outlook prioritises high-margin, open-pit production while significantly reducing Dacian's operating risk. Recapitalisation plan underway to reduce debt, improve working capital position and accelerate near-term production and exploration targets.


Total Mineral Resources of 31.9Mt @ 2.0 g/t for 2.1Moz. Total Measured & Indicated Mineral Resources of 27Mt @ 1.8 g/t for 1.5Moz. Jupiter Measured & Indicated of 15.4Mt @ 1.4 g/t for 676,000oz (within optimised pit shell). Westralia Measured & Indicated of 2.47Mt @ 5.7 g/t for 449,000oz. Jupiter and Westralia Mineral Resources audited and endorsed by independent resource consultant Optiro Pty Ltd. Total Ore Reserves of 16.9Mt @ 1.4 g/t for 754,000oz. Jupiter Ore Reserves of 9.7Mt @ 1.3 g/t for 390,000oz. Westralia Ore Reserves of 1.5Mt @ 4.0 g/t for 195,000oz. Jupiter & Mt Marven Ore Reserves underpin 96% of Mt Morgans' three year outlook (see ASX announcement dated 27 February 2020). Jupiter and Westralia Ore Reserves reviewed by independent mining consultant AMC Consultants Pty Ltd. Westralia underground to undergo optimisation studies for the remainder of CY2020 to determine an operating strategy that maximises sustainable positive cash flows from the updated Ore Reserve. Capital development to cease with stope ore production continuing until the end of CY2020.


The securities of Dacian Gold Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of DCN, pending the release of an announcement regarding an update to DCN'sOre Reserves, Mineral Resources and life-of-mine plan.


The suspension of trading in the securities of Dacian Gold Limited will be lifted immediately at the request of the Company following completion of a capital raising.


Dacian Gold advises that it has successfully completed an interim A$26 million placement to existing and new institutional and sophisticated investors which will allow it to maintain the current development and exploration momentum at its Mount Morgans Gold Project (MMGP) in Western Australia.


The securities of Dacian Gold Limited will be suspended from quotation immediately, at the request of the Company.


listed entity carried for record purposes only

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    07/12/2020Ian Cochrane140,000$0.351$49,140
    04/12/2020Leigh Junk1,000,000$0.351$350,859
    06/06/2019Barry Patterson2,000,000$0.490$979,615
    08/12/2016Robert Reynolds150,000$2.331$349,709

    Click here for the last 20 transactions all companies

    Directors & Executives (current)
    Craig McGownNon Exec Chairman28/09/2022
    Derek HumphryInterim CEO23/09/2020
    Lee StephensCOO28/09/2022
    Sonia Hamilton-BrowneCFO03/05/2023
    Sue-Ann HigginsIndependent Director18/05/2022
    Troy IrvinNon Exec Director02/05/2023
    Morgan BallNon Exec Director28/09/2022
    Gerry KazmarekNon Exec Director28/02/2023
    Dale RichardsGeneral Manager17/06/2022

    Date of first appointment, title may have changed.

    Directors & Executives (former)
    Anthony KiernanNon Exec Director28/09/202228/02/2023
    Eduard EshuysNon Exec Director15/03/202128/09/2022
    Michael WilkesInterim Chairman13/09/202128/09/2022
    Leigh JunkManaging Director, CEO06/01/202017/06/2022
    Robert ReynoldsNon Exec Chairman26/09/201224/03/2022
    Ian CochraneNon Exec Chairman29/02/201610/05/2021
    Barry PattersonNon Exec Director09/01/201202/12/2020
    Grant DykerCFO05/02/201623/09/2020
    Rohan WilliamsExecutive Chairman, CEO06/02/201206/01/2020
    Paul PayneManaging Director, CEO18/07/201214/03/2014

    Date of first appointment, title may have changed.