Astral Resources NL (ASX: $AAR) Court Orders Granted

Astral Resources NL (ASX: $AAR) has successfully obtained court orders from the Supreme Court of Western Australia under section 1322(4)(a) of the Corporations Act 2001 (Cth) in relation to an inadvertent administrative error regarding the lodging of a cleansing notice for shares issued on 9 April 2024.

Executive Commentary

The Company is pleased to announce that the Supreme Court of Western Australia has granted the orders sought by Astral Resources NL. This resolution addresses the inadvertent administrative error and provides clarity on the status of the shares issued on 9 April 2024. We are committed to ensuring compliance with all regulatory requirements and appreciate the Court's prompt attention to this matter. The Company will promptly fulfill the obligations outlined in the court orders, including the publication of an announcement to ASX and the provision of copies of the orders to relevant parties.

Summary

Astral Resources NL (ASX: $AAR) has successfully obtained court orders from the Supreme Court of Western Australia to rectify an inadvertent administrative error related to the lodging of a cleansing notice for shares issued on 9 April 2024. The orders extend the period for compliance and declare the prospectus lodged with the Australian Securities Exchange Limited (ASX) and the Australian Securities and Investment Commission (ASIC) to take effect retroactively. The Company will promptly fulfill the requirements outlined in the court orders, including serving copies to ASIC and ASX, publishing an announcement to ASX, and providing copies of the orders to relevant parties. Astral Resources NL remains committed to upholding regulatory compliance and will ensure transparency in addressing this matter. The resolution of this issue demonstrates the Company's dedication to adhering to legal obligations and maintaining effective corporate governance.