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MOD RESOURCES LIMITED (MOD)

Delisted from ASX 29/10/2019

SHARE PRICES

(discontinued 17 July 2020)

Former (or subsequent) names

Shareholder links

Our website ranking of MOD: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Computershare, Level 11, 172 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

Address: First Floor, 1304 Hay Street West Perth WA 6005
Tel:  + 61 8 9322 8233 Fax: + 61 8 9322 8077

Date first listed: 18/12/1986
Company Secretary: Mark Clements
Sector: Materials
Industry Group: XMJ
Activities: Investment in healthcare and medical product businesses and projects in Vietnam, China and Australia

delisted from the close of trading on Tuesday, 29 October 2019, pursuant to Listing rule 17.11.

29/10/2019

we understand Sandfire Resources NL was successful with an offer involving the consideration of $0.3285703 cash and .0179176 Sandfire shares for each MOD share

29/10/2019

Sandfire now holds a 100 per cent interest in MOD's key copper exploration and development assets in Botswana through its in-country subsidiaries, Tshukudu Metals and Tshukudu Exploration. These include the advanced T3 Copper-Silver Project and an extensive belt-scale exploration portfolio spanning ~11,700km2 in the Kalahari Copper Belt. Sandfire has commenced optimisation of the current Feasibility Study for the T3 Project and expects to publish an updated Feasibility Study and Ore Reserve in the June 2020 Quarter ahead of a Decision to Mine. Sandfire will progress the permitting activities for T3 with approval of the ESIA document expected in the December 2019 Quarter, triggering a public review period and subsequent Mining Licence Application expected towards the end of this year. The company will also continue exploration drilling activities in Botswana from the end of October which are expected to ramp up as part of a major new district-scale program commencing in early CY2020.

23/10/2019

The scheme of arrangement with Sandfire Resources has been implemented. All MOD shares have been transferred to Sandfire. The scheme consideration has been paid or issued to MOD shareholders other than ineligible shareholders and shareholders who hold an unmarketable parcel who did not make an election to receive Sandfire shares.

23/10/2019

The following unlisted options have been cancelled effective immediately in accordance with the option deed entered with Sandfire Resources by MOD option holders: 3,015,000 unlisted options exercisable at $0.457 on or before 30 January 2023, vesting 12 months from the date of issue and subject to a restriction period to 30 January 2022; 3,015,000 unlisted options exercisable at $0.707 on or before 30 January 2023 vesting 24 months from the date of issue and subject to a restriction period to 30 January 2022; 3,015,000 unlisted options exercisable at $0.907 on or before 30 January 2023 vesting 36 months from the date of issue and subject to a restriction period to 30 January 2022; 5,030,000 unlisted options exercisable at $0.522 on or before 12 April 2023 vesting 36 months from the date of issue and subject to a restriction period to 12 April 2022 and 3,630,000 unlisted options exercisable at $0.435 on or before 29 May 2023 vesting 36 months from the date of issue and subject to a restriction period to 29 May 2022. The company's updated capital structure is as follows: 370,157,018 fully paid ordinary shares.

23/10/2019

Following the 9 October 2019 announcement regarding the scheme of arrangement with Sandfire Resources that has become effective, the company has issued 4,825,168 fully paid ordinary shares to Metal Tiger Plc following the exercise of unquoted consideration options and 22,322,222 fully paid ordinary shares to Metal Tiger Plc pursuant to the JV consolidation option. The issue of MTR shares and the MTR JV shares were approved at the general meeting of shareholders. The company has also issued 2,875,000 fully paid ordinary shares following the immediate vesting and exercise of 2,875,000 performance rights expiring 21 February 2022 upon the scheme of arrangement becoming effective.

11/10/2019

The securities of Mod Resources Limited will be suspended from quotation at the close of trading today, Wednesday 9 October 2019, in accordance with Listing Rule 17.2, following lodgement of the Supreme Court of Western Australia orders with the Australian Securities and Investments Commission approving the scheme of arrangement by which Sandfire Resources NL will acquire all of the issued shares in MOD.

09/10/2019

we understand that on or about this date the company consolidated its shares 1 for 10

05/06/2018

The suspension of trading in the securities of MOD Resources Limited will be lifted immediately, following receipt of an announcement regarding the results of a scoping study.

06/12/2016

MOD Resources Limited is pleased to announce the results of the scoping study for an open pit mine at its 70%-owned T3 copper-silver deposit in the Kalahari Copper Belt, Botswana following the completion of the regulator's review of the announcement.

06/12/2016

The securities of MOD Resources Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

02/12/2016

The suspension of trading in the securities of MOD Resources Limited will be lifted immediately following the release of an announcement regarding an update on the Botswana copper/silver project.

17/03/2016

The company provides an update on its Botswana copper/silver project. The Board of MOD Resources Ltd is pleased to announce significant widths of copper sulphide mineralisation intersected in the first three RC drill holes (MO-G-10R to MO-G-12R) to test joint venture target, T3.

17/03/2016

The securities of MOD Resources Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement.

16/03/2016

name changed from Medical Corporation Australasia Limited

05/08/2011

MOD Resources Limited (formerly Medical Corporation Australasia Limited) (MOD or the Company) wishes to advise that the Company's capital raising to issue up to 10,000,000 fully paid ordinary shares at $0.20 each to raise $2 million which was offered under the Prospectus dated 5 July 2011 and Supplementary Prospectus dated 13 July 2011 (Placement), closed oversubscribed at 5.00pm WST on Thursday 21 July 2011. The Company wishes to advise that it has refunded oversubscribed monies to certain applicants and it is expected that the Placement shares will be allotted on or about 1 August 2011

05/08/2011

shares to be reinstated to quotation on 9 August

05/08/2011

ASX Announcements (courtesy of ASX)

 

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The registry is no longer Security Transfer Australia, it is now Computershare. 

03/05/2019 11:44:42

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    03/06/2014Simon LeeOn market16,500,000$0.009$148,173
    01/05/2014Julian HannaOn market800,000$0.014$11,200

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Mark ClementsExecutive Chairman15/03/2006
    Julian HannaManaging Director, CEO22/01/2013
    Stef WeberCFO24/03/2017
    Bronwyn BarnesIndependent Director18/09/2017
    Steve McGheeNon Exec Director30/04/2014
    Simon LeeNon Exec Director18/10/2004

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Miles KennedyChairman01/03/201130/04/2014
    Mark DrummondDirector01/03/201130/04/2014
    Derek ByrneManaging Director09/08/201122/01/2013

    Date of first appointment, title may have changed.