Astral Resources reinstated to trading following court application outcome

Astral Resources NL (ASX: $AAR) has been reinstated to quotation after the company released an announcement regarding the outcome of an application to court. The suspension of trading in the securities of Astral Resources NL has been lifted immediately following the release of the announcement. The application to court was made by the Company seeking orders in relation to the Company's inadvertent failure to lodge a cleansing notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) within the prescribed 5 day period after the issue of shares on 9 April 2024.

Company's perspective on the reinstatement and court application outcome

We are pleased to have successfully resolved the matter with the court, leading to the immediate lifting of the trading suspension. The inadvertent failure to lodge the cleansing notice was an oversight, and we took prompt action to address it. We appreciate the understanding of our shareholders and the swift resolution provided by the court. With the reinstatement to quotation, we look forward to continuing our operations and delivering value to our stakeholders.

Summary of Astral Resources' reinstatement and outlook

Astral Resources NL (ASX: $AAR) has been reinstated to quotation following the successful resolution of the court application regarding the inadvertent failure to lodge a cleansing notice. The immediate lifting of the trading suspension reflects the company's commitment to addressing regulatory requirements promptly. The company aims to continue its operations seamlessly and focus on delivering value to its stakeholders. Looking ahead, Astral Resources remains dedicated to upholding compliance and governance standards while pursuing its strategic objectives.