from the half-year report 31/12/2020Kimberley Mining Limited –...

from the half-year report 31/12/2020

Kimberley Mining Limited – Admiral Bay
The asset is currently on care and maintenance and the Group has engaged with numerous entities to affect a deal to
monetise its holding in Kimberley Mining.
During the period ended 31 December 2020, following an extensive process to divest the Admiral Bay project, which
is currently held by the ~80% owned subsidiary, Kimberley Mining Limited, the Board elected to put the Admiral
Bay project on care and maintenance and impair the carrying value of the Project to nil.
The Group is now looking to concentrate on the Kookynie and Yundamindra gold projects and can confirm that the
Admiral Bay Project is no longer its core business.