WFE 0.00% 2.4¢ winmar resources limited

Ann: Request for Continuation of Voluntary Suspension, page-35

  1. 3,528 Posts.
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    Hi sharr7, the primary issue is that WFE is transitioning to a producer in circumstances where they do not have a JORC defined resource. Therefore the ASX considers them to now be an industrial stock, rather than a mining exploration stock. As WFE isn't following the traditional pathway to production of: exploration -> define resource -> PFS -> DFS -> design plant -> construct plant & start mining

    the ASX determined they needed to do some DD on the transition and required WFE to undergo recompliance and issue a new prospectus reflecting their different listing category.

 
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Currently unlisted public company.

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