Golden Cross Resources ASX suspension details

Golden Cross Resources (ASX:GCR) will be suspended from the ASX starting 27 December 2024 due to not meeting operational requirements. The ASX ruled that GCR's current operations, particularly limited spending and exploration, fall short. GCR plans to start field exploration soon to comply.

GCR's future strategies and exploration plans

Golden Cross Resources is set to be suspended from the ASX due to insufficient operational activities as per Listing Rule 12.1. To address this, GCR plans field exploration in upcoming quarters to improve operations and meet ASX criteria. Additionally, GCR is exploring joint venture opportunities for its Copper Hill Project, which could enhance exploration efforts and financial inflow. These steps reflect GCR's commitment to addressing ASX's concerns and improving their operational status.

Executive insights on GCR's strategic initiatives

The announcement was authorized by Jordan Li, Executive Chairman. For further inquiries, contact Patrick Sam Yue, Company Secretary, via phone at +612 8379 5700 or email at psy@goldencross.com.au.